Hopefully this hasn't been posted before...

28th May 2016 - The Classic Race Aarhus Auction

2004 996 Turbo Cabriolet - 6speed - Black/Black - Obviously looks like an impeccable car with about 7,700 miles. I was pretty shocked at this selling price. $97,000 USD. There have actually been quite a few 996 Turbo selling in Europe for very strong money this past year. The highest I have seen in the past 3 years in USA was one that sold for $77,000 in 2014 at Russo & Steele - Scottsdale.

Anyway, here is the current 996 Turbo record holder with about $97,000 USD Selling price, notice of course that she is the ultimate color combination of Black on Black...lmao :

Link to car: https://www.silverstoneauctions.com/...urbo-cabriolet






Here is the sheet from the auction house, they were actually estimating 90,000 to 100,000 Euro for the car ($100,000 - $110,000 USD):

 

And a cab even...

 

That makes this cab driver very happy. Thanks for sharing!

 

Not an indicator for US cars as all Porsche's in GB cost more.

 

You want crazy, just check out Australia for prices.

 

While I have never attended an auto auction -- well just one when my totaled Cayman S was auctioned off -- I have attended a few machinery auctions. My experience was the prices paid were based on my research beforehand above market.

(I might add that in the one auto auction I did attend my Cayman S sold for several thousand dollars over what the insurance company allowed for the car's salvage value and this was identical to what Oklahoma Foreign offered me for the car.)

Thus all I take away from the new of this car selling for the price it did is someone got carried away at the auction.

 

Yup, it's interesting...the $77,000 USD car that sold at Scottsdale, Arizona was also a Cabriolet with Manual Trans.

 

The actual $97,000 USD number itself may not indicate US prices but the prices have definitely been climbing steadily over there and that's a pretty strong number. Couple years ago there were no 996 Turbos in that price range anywhere. If you look at the previous/completed auctions and selling prices of these cars in Europe you can see they are generally selling for stronger money this year than the past few years (even the estimates from the auction houses are higher as well).

 

I think you are referring to wholesale auctions, where crashed cars, etc. are sold? I have been to a Barret Jackson auction and watched many live on TV & internet. I have seen cars that should have gone for way more sell for very low numbers. The idea is to get an average price for the cars and go from there.

Someone may have gotten carried away but in order for the bidding to get that high there had to be at least 2 maniacs that really wanted that car in the building

 

Didn't Al's RUF conversion sell for like 75k off 6speed last year?

 

A few more sparks like this may just start the appreciation fire... I think we can all agree that these cars are undervalued. To me, that says the values can only go one way; add in that every other turbo model costs more (older and newer) plus the reliability of these first water cooled turbos is remarkable. It really seems like only a matter of time. I for one am ready for the upcoming bubble.

 

Prices at auction can be all about similar desirability and value by more than one person willing to purchase at the same time. This may not be representative if a very similar car was to be auctioned 3 months prior or 3 months later. The prices could be substantially less or even more.

Nice to know at least two people valued this 996 Cab very close to US$100K.

 

You're living a dream if you think 996 turbos are going to sky rocket like the rest of the air cooled porsches.......944 is basically a 996 and we see how that worked out......

 

I've had two 996's to be exact that have brought $73k each. Takes a bow.

 

Al's paving the way for all of us.... *slow clap*