'89 3.2 targa sold for $92K ?!?!?

[dw1]

I suppose this shows how nuts people can be at auctions (Mecum Kissimee 2023) when they really want something.

A clean car certainly, but with over 100k miles I found the hammer price surprising.

This one was shown during the Motortrend TV live coverage. The reserve came off at $65K or so but the bidding went on, quickly reaching the final sale price of $92K.

https://www.mecum.com/lots/FL0123-542867/1989-porsche-911-targa/

Or am I out of touch with the market and this is an appropriate auction price for this car?

Btw, the same day two different '67 convertible corvettes (one a big block and the other a small block) both went in the mid $60K range.

[speed.yellow]

Wow. Higher than I would have expected but as someone who has a 88 commemorative edition targa w 62k miles (albeit modded so as to be a hot rod)… I love this print!

[Bucketlist]

If you watch BAT everyday this is not a surprise. The nice cars are still bringing a premium price but the average car may be struggling in this market.

[Matt Monson]

Someone got the red mist and just had to have it, though the price isn’t really that far out of whack.

[1979-930]

The car has the look. Paint and interior look perfect and it has a good stance.
I can see how someone would get excited about that car and have to have it.
As Matt said. Anything under $100k isn't that high anymore.

And I just noticed it's one of the G50 cars. Some buddy telling him "those G50 are selling for $$$$" could get someone with too much cash in a buying frenzy.

[Matt Monson]

Originally Posted by 1979-930

The car has the look. Paint and interior look perfect and it has a good stance.
I can see how someone would get excited about that car and have to have it.
As Matt said. Anything under $100k isn't that high anymore.

And I just noticed it's one of the G50 cars. Some buddy telling him "those G50 are selling for $$$$" could get someone with too much cash in a buying frenzy.

Especially a bidder on his 3rd whiskey sour.

[FA-18C]

Along with the BAT that went for $90K+ recently, this is clearly the start of the 87-89 Targa explosion

Er...or one can hope. Bright red, but engine did not look especially clean, interior has new seat covers, but typical carpet wear. Agree with Matt - bidder was being called a wuss by his friends.

There is hope for my car someday.

[Macroni]

Great Stance..... but I agree given miles the price seems a bit high.

[matt930s]

I must live in an alternate universe, but all those prices sound crazy to me.

[cassisrot]

Worth every cent. The last 911’s.

[Matt Monson]

Originally Posted by matt930s

I must live in an alternate universe, but all those prices sound crazy to me.

I can think of other cars I’d rather drive for that money, but it is what it is.

[FA-18C]

At 100K miles, these cars are under 3K miles a year. I think like the early cars, a vast majority are a the point where they've had some major maintenance (clutch, suspension, engine etc.) and are a solid base to drive for a long time. Rust is much less of an issue and who cares about AC (OK, my wife does...)? I think this was a bucket list car for a buyer, and cocktails.

[dg567]

https://www.classic.com/s/rmc-miami-Zpg6OWb/lots/1989-porsche-911-carrera-targa-4a66bgn/

https://rmcmiami.com/inventory/1989-porsche-911-carrera-targa-g50-rare-89-targa-last-year-carrera-3-2-g50-transmission-turbo-wheels-turbo-spoiler-brand-new-brakes-copy-of-window-sticker/

That same targa has been on ebay for $79,500 with no bites, I'd hate to be that guy

[sugarwood]

Originally Posted by dg567

That same targa has been on ebay for $79,500 with no bites, I'd hate to be that guy

You'd hate to be that guy
who has such a massive stack of cash
that he can give zero fukks
and overpay for whatever he decides he wants now?

Amazon NOW?

https://www.youtube.com/watch?v=BGEAiUeiaKs

[GothingNC]

89 Carrera Coupe, 95,000 miles sold for $155K !!

https://bringatrailer.com/listing/1989-porsche-911-carrera-coupe-8/

[Racerbvd]

Wow, hope for my 88, currently back on proper 7&8×16, 911 Fuchs.

[FA-18C]

Byron - it would be nice to see our oft disparaged Targas to finally get some respect .

There must be a pretty sizeable group of Boomer retirees executing bucket list buys. Very similar cars selling with a $60K difference is a head scratcher.

[Matt Monson]

Originally Posted by Racerbvd

Wow, hope for my 88, currently back on proper 7&8×16, 911 Fuchs.

Lovely. I kept the hardtop when I sold mine, hoping to one day acquire one again.

[Racerbvd]

Originally Posted by Matt Monson

Lovely. I kept the hardtop when I sold mine, hoping to one day acquire one again.

I will keep my 78SC Coupe for ever and I have the next care taker picked out

I am rebuilding the 81 SC, you may recognize it, as it spent a good amount of time in Colorado.

I'm sure I don't have tell you, a 3.4, short gears and 9" Fuchs are not a good combination for uphill and snow.

[Matt Monson]

Chad’s?