PCA: Milwaukee

June’s Porsche market delivered a solid performance, closing the month with a 74% sell-through rate as 614 Porsches crossed the block for a total of $38,627,255. While that’s down from May’s $42.5M, the drop was expected as May benefited from the Bonhams Miami sale, while June saw a return to our regular mix of online auctions. Even without a major catalog sale driving results, the month brought notable strength across G-body 911s, a few big sales at the top end, and, perhaps the biggest surprise, a flood of Porsche 914s hitting the market.

June saw a surprising surge in Porsche 914s crossing the block, with 19 cars offered for a total dollar volume of $268,461 and a 63% sell-through rate. The spotlight was on a pair of notable examples that told the story of the 914 market’s reality check. A Metallic Gray over Black 1970 914-6 that had sold for $95,000 during the 2021 market surge found a new home this month at $67,500, underscoring how only the very best examples continue to bring strong money today. Meanwhile, a 1974 914 Limited Edition “Bumblebee” highlighted the fun, affordable side of the 914 market. With 66,000 miles, a rebuilt 2.0-liter engine, and over $20,000 in documented recent servicing, it sold for $28,750—comfortably within its $25–35k estimate and a fair deal considering the work completed since its last sale for $17,450 back in 2020. All told, June’s 914 activity proved that while the market has cooled from its peak, buyers are still showing up for well-sorted, interesting examples of Porsche’s mid-engine sports car.

The G-body 911 market continued its steady climb in June, with 52 cars crossing the block at a strong 75% sell-through rate for a total of $2.9 million. M491 “Turbo Look” examples were out in force, and notably, all of them found new homes. One spotlight car was a 1985 Carrera Coupe originally equipped with the M491 package, later treated to a host of performance upgrades including a 3.4-liter twin-plug flat-six, re-geared 915 transmission, JRZ coilovers, and RS-style interior touches. With such low miles, comps would have put this one in the $200–220,000 range, but the modifications kept it below as it sold at a final bid of $165,000. The modifications were cool, but a stock, low-mileage M491 Coupe would have been cooler.

The top end of the market was alive and well in June, with two cars pushing past the $1M mark on their way to $3M and another coming very close to the million-dollar mark while setting a new high in the process. Leading the charge was a 1991 911 reimagined by Singer in DLS specification, which hammered at $3M, proving that it takes big seven figures to play in Singer’s top tier. Finished in Fluid Silver over Dark Blue leather with Highland Granite Blue Lochcarron Tartan inserts and showing just 18 miles on the build, this DLS was stunning in every detail and only $85k off the previous record for the model.

Following closely was a 2015 918 Spyder that sold for $2.9M, setting a new 12-month high for the model. Finished in Paint-to-Sample Oryx White over custom tailored Mocha Brown leather and equipped with the desirable Weissach package, this 180-mile example was one of the lowest-mile Weissach 918s we’ve seen come to market. Estimates had it in the $2.5–2.7M range, but bidders pushed well past that, showing continued demand for the hybrid hypercar done right. Rounding out the top end, a 2024 911 S/T finished in Shore Blue over Classic Cognac leather crossed the block at a final bid of $805,992, setting a new high-water mark for the S/T. With an MSRP of $331,420 and just 23 miles on the odometer, this sale underscores just how hot the S/T market has become—and makes you wonder what a Paint-to-Sample car would bring now.

Another notable sale this month was the first 911 Turbo 50 Years edition to find a new home at auction. To celebrate half a century of the 911 Turbo, Porsche introduced this limited-run tribute based on the 992 Turbo S, producing just 1,974 examples globally. Drawing design cues from the 1973 911 RSR Turbo, the car features retro-inspired graphics and Anthracite Grey accents, with McKenzie tartan seat inserts and “Turbo 50” badging carrying the theme inside.

This car was #410, finished in Aventurine Green Metallic over Black leather, and showed just 26 miles on the odometer. It featured Porsche’s Heritage Design Package and carried an MSRP of $291,000, still retaining its original window sticker—and that new-car smell. While the Turbo 50 doesn’t add any extra horsepower over a standard Turbo S, which historically keeps these types of special editions from taking off like power-boosted variants do, it still brought a solid result. The car hammered at $341,000, selling just under its high estimate and marking a strong debut for this anniversary edition on the auction circuit.

July will bring us two in-person Mecum sales with their Florida Summer Special and Harrisburg auctions, alongside our regular online activity, setting the stage as we build toward Monterey. It will be interesting to see if the momentum from June carries through the summer, or if buyers hold their breath in anticipation of August’s big stage.

 -        David K. Whitlock is a writer for The Stuttgart Market Letter, a daily market update for Porschephiles, by Porschephiles, delivered free to your inbox.  To sign up, visit: www.stuttgartmarketletter.com