Gooding & Co 1989 3.2 Cab - VERY well sold at $81k

[bt87cab]

https://mobile.twitter.com/goodingandco/status/822512134349148160


1989 Porsche 911 Carrera Cabriolet | Gooding & Company


$81,400 ($89,540 if that doesn't include buyer's premium). Very surprised at that number. I figured it would struggle to hit the low estimate. Not quite a #1 car/bit of patina (top seals aging, H5 headlights need "de-fogged", linen shift knob needs some touch up, can't tell if front speaker are correct on my iPad - look like grills missing) plus the miles are low but not exceptionally low.

[MrBonus]

The power of a baltic blue 911 with linen interior.

[MrBonus]

Is it because of the low mileage? My car has a little over twice that mileage but I think my paint is in better condition and I don't think it's worth anywhere near that much.

[bt87cab]

Hope you're right about the linen. Most are critical of it due to showing dirt and wear. It's pretty easy to care for on a low mileage car that's driven 1,000 miles plus or minus a year. Plus it doesn't burn you in hot summer time on a cab. Here it is on mine with the incredibly rare guards red (sarcasm font on)

[MrBonus]

Originally Posted by bt87cab

Hope you're right about the linen. Most are critical of it due to showing dirt and wear. It's pretty easy to care for on a low mileage car that's driven 1,000 miles plus or minus a year. Plus it doesn't burn you in hot summer time on a cab. Here it is on mine with the incredibly rare guards red (sarcasm font on)

Hah! I actually think Guards Red with linen is perfect, especially on a 'vert, and yours is exceptionally clean as well.

[Macroni]

No idea why this would be valued this way but there are always cars that evoke a passion......

[bt87cab]

Originally Posted by Macroni

No idea why this would be valued this way but there are always cars that evoke a passion......

My only guess would be venue (Gooding is a premier collector auction house) and two or more very wealthy bidders wanting that particular car.

It's an outlier. Likely market value is somewhere in 50's, maybe low 60's but that's being generous and wishful about mine

[sugarwood]

Prices go exponential as miles approaches zero.
You don't see a 30k mile car very often.

[specialtyoneinc]

89 cabs are pretty rare. Correct me if I'm wrong but I feel like they made fewer of cabs than targas and coupes that year?

You're going to have to wait awhile before another high quality 1989 Cab in that color combo goes up for sale. The premium price is pennies to dollar for collector anyhow.

[Macroni]

4148 produced...... hardly rare, hardly low miles........ do not understand...........

Here are four that were sold by Tim Holt (excellent source for low mileage Carreras) in the last year....

1989 Porsche 911 Annv. cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

http://www.holtmotorsports.com/inventory/1989-Porsche-911-Carrera-3.2-Cabriolet/171018

http://www.holtmotorsports.com/inventory/1989-Porsche-Carrera-3.2-M491-Turbolook/170174

http://www.holtmotorsports.com/inventory/1989-Porsche-911-Cab-/170252

[cvlcporsche]

The car sold for $74 or $81.4 including buyers premium. It was a very nice 2+/1- type of car. I sold the car ~ 4 years ago. It's had 2 owners since and showed a little more patina.

Here it was when I sold it: 1989 Porsche 911 3.2 Carrera Cabriolet-Baltic Blue on Linen

The nice cars are selling for fair money this week and the lesser cars are selling for lesser money, sounds like a correct market to me.

[Macroni]

1989 Porsche 911 Convertible 2-Door | eBay

Here is a nice one.......

[epinfren]

I don't understand this final selling price in the slightest but I imagine the seller is dancing a jig tonight.

[cellison]

Originally Posted by Macroni

4148 produced...... hardly rare, hardly low miles........ do not understand...........

Here are four that were sold by Tim Holt (excellent source for low mileage Carreras) in the last year....

1989 Porsche 911 Annv. cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Carrera 3.2 Cabriolet - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche Carrera 3.2, M491 Turbolook - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

do you know what these sold for? the TL should bring a 30% - 40% premium (used to 10% years ago).

[specialtyoneinc]

Originally Posted by Macroni

4148 produced...... hardly rare, hardly low miles........ do not understand...........

Here are four that were sold by Tim Holt (excellent source for low mileage Carreras) in the last year....

1989 Porsche 911 Annv. cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Carrera 3.2 Cabriolet - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche Carrera 3.2, M491 Turbolook - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

I guess the Cab aren't that rare.

[Macroni]

Originally Posted by specialtyoneinc

I guess the Cab aren't that rare.

sorry...... need to check my source........

[Djs36345]

I wonder what this means for low mileage 87 cabs.

[Djs36345]

Originally Posted by Macroni

4148 produced...... hardly rare, hardly low miles........ do not understand...........

Here are four that were sold by Tim Holt (excellent source for low mileage Carreras) in the last year....

1989 Porsche 911 Annv. cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Carrera 3.2 Cabriolet - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche Carrera 3.2, M491 Turbolook - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

1989 Porsche 911 Cab - Holt Motorsports - used porsche 911 dealer, certified pre owned, porsche 911,porsche 993,porsche 996

How are we supposed to know how much they sold for?

[bt87cab]

Here is my take on the current market for 3.2 Carreras.... To not muddy the waters too much, let's exclude turbos, speedsters, club sports. As we know, MANY variables go into what an 84-89 Carrera is worth

1. Coupe, cab or targa: For many years the coupe has been a higher demand car for multiple reasons - better for DE/autocross, lighter, classic silhouette. This is one of the few instances the old adage "the top goes down, the price goes up" does not apply (yet?). As the cars become more of a collector quality and less of a "used" Porsche, the gap may (emphasis on "may") tighten between coupe vs cab/targa prices. The cars are driven as nice weather cruisers and less as weekend track warriors.

2. 915 versus G50 debate: I'm not even going there.... G50's, whether you agree or disagree if it's the "better" gearbox, have a bit more demand in the market.

3. The car itself: Condition, provenance/documentation, miles, books, toolkits, originality, etc.

So, all that said, here's my breakdown after watching the lows and highs of the last 6-8 years:

#3 cars are somewhere in the $30's. A 3 minus car will crack the upper $20s and a really nice 3, could be 2 with little work, will push upper $30s

#2 cars are somewhere in the $40s. Again, could go down to the upper $30s for a 2 minus and crack the $50s for a really nice 2.

#1 cars are mid $50s to mid $60s.

Again, the three factors stated above are variables in my observation of values. Coupes will command 10% or so more than "apples-to-apples" targas/cabs. G50s command a 10% premium over 915s. 1989's arguably command 5-10% more than 87/88 G50s. M491's will usually go for 15-20% more. Commemorative and Anniversary cars usually ask 10-15% higher than an equal year standard car.

Just my observations and mental impressions. I haven't necessarily tracked cars in a database or charted prices on a regular basis. Just a causal observer over the years.

Plus, it's probably irrelevant to me what my cab is worth. I've played the "what if you win the lottery" with my car buddies. I'm pretty happy with my toys and drivers. I'll have the cab for a LONG time. It's all paper gains/losses. Guess all I'd buy with the jackpot is a cottage in the lower Florida Keys and nice little 25' boat to go out and catch some snapper or grouper for dinner.

[Rick Brooklyn]

#1 cars are concours winner level. No Porsche of any vintage that can win a concours is going to sell for mid $50s

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