On January 10, 2022, a beautiful red 1989 Porsche 944 Turbo with only 3,100 miles sold for $135,944 on BringATrailer.com.
It is a beautiful car, no doubt. The new sticker was around $47,000, which translates to about $100,000 today. But almost $136,000?
Turbos have been selling on these online auctions between $18K and $40K. Silver Rose Turbos and Turbo S cars have been higher for stock, clean examples. But this bid price is quite literally “over the top.”
Is this an anomaly or is this where we are headed with 944 and 924S prices? It’s anyone’s guess.
Mecum Auctions was in Kissimmee this week, and a nice, clean, stock 924S dressed in white paint sold for $15,400 plus fees. Huh?
BringATrailer.com also had a white 924S that sold for $8,400. That seems more reasonable until you factor in “The seller states the air conditioning and sunroof switch do not work. Wear is shown on the seats, and cracking is visible on the dashboard in the gallery.” Also, “…total mileage is unknown. The seller states the fuel gauge does not work.” And “ The seller notes rust near the battery in the engine bay and states that the Oxygen sensors need to be replaced.” The front valance under the bumper is damaged, and there are imperfections in the paint. There are 92,000 miles shown, but there are also inconsistencies in the odometer readings on Carfax. The seller said that it had a 158hp engine, but the 1987 engine is the lower-compression engine with lower horsepower. Is this an $8,400 car?
What do you think?
How many miles on the nice, clean, stock 924S dressed in white paint?
Reported at 45,000
Pandemic rebound! People are not waiting to get the car of their dreams. Bid high!
A rising tide lifts all ships.
Some of this is inflation and some is demand. Plus they are “Porsches” and getting more rare by the day.
Does anyone else cringe when Elliot crushes one?