Select PORSCHE MARKET RECAP FOR June 2024
June’s Porsche market looked to strengthen as we head into the Summer auction season and it brought our highest sell-through rate thus far this year with 72% of the 590 Porsches on offer selling. And unlike last month, where the top of the market failed to produce results, all three million-dollar cars sold thanks to RM Sotheby’s Dare to Dream collection running at no reserve.
Taking home top honors last month was the 3,500km (~2k miles) 2015 918 Spyder offered in the Dare to Dream collection. This Canadian-market example was finished in Liquid Metal Silver over an Onyx Black leather interior and featured a host of options, and although it was not equipped with the Weissach Package, the extended carbon fiber rear diffuser from the package was fitted to the vehicle using correct factory parts. It sold at a final bid of $1,700,000 which was on par with comps without-Weissach.
Other notable sales from the collection included an 11,600km (~7k miles) 2004 Carrera GT that brought a winning bid of $1,175,000 and a 1987 959 Komfort that hammered at $1,525,000. The 959 was the buy of the sale to me as it was on the lower end of comps yet had been cosmetically restored and upgraded by Canepa to “Phase II” specifications at a cost of $285,000.
While the 959 represented one of the best buys of the month, the 1965 356 Cabriolet Emory Special was probably my favorite car to cross the online auction block. This recently completed build was finished in a stunning Tropical Green Metallic paint over a Vine Green leather interior and featured a lowered removable hardtop, increased windshield rake, deleted bumpers, rolled rocker panels, and a louvered decklid. Out back, the Rothsport-built 2.6-liter flat-four was good for 260 horsepower, which is a ton for a little 356. It sold at a final bid of $755,000, which was on par with a few Emory Specials as of late.
Speaking of 356s, the 20 cars on offer had a strong showing with a sell-through rate of 75% and a dollar volume of just over $4m. Aside from the Emory Special, we had a number of other heavy-hitters sell with a 1959 356A Carrera 1600 GS GT bringing $575,000, a 1957 356A 1600 Speedster hammering at $450,000, a 1960 356B Coupe Emory Outlaw at $385,000, and a 1958 356A 1600S Speedster selling for $380,000 to round out the top five 356 sales of June.
On the newer side of the market, 992 GT3s appear to have had a rebirth as a number of Tourings found their way above the $300,000 mark while winged cars continued to hold steady. 992 GT3 RS vehicles continued to be bid at just over $400k with two out of three examples selling and 992 Dakar remained steady with both units on offer selling around $350,000.
Other notable cars to cross the block last month included a 1981 924 Carrera GT that failed to sell at a final bid of $81,500, a modified 1993 911 RS America that hammered at $155,000 along with another RSA at $181,500, and a 1995 911 Carrera RS at $370,000. Overall, a very good month for Porsches at auction.
We’ll see what July has to offer as we build up to the big month that is always August. We’ll have two sales from Mecum next month along with all of our regular online sales so let’s hope that the trend continues after the sluggish start to the year. Until next month.