Bargain 911s Are Now Six Figures
45sThe shock of a once-affordable sports car now fetching six figures taps into car enthusiast nostalgia and market trends.
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This video discusses the recent surge in the Porsche 996 Turbo market, highlighting a specific sale that achieved a record price. The speakers reflect on how the 996 Turbo, once considered a bargain 911, has now become a six-figure collector's item, with the example sold featuring low mileage and the desirable X51 package.
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Record Sale of a 996 Turbo
A 996 Turbo sold for over $160,000 after fees, representing the top of the market. The car had incredibly low miles (21,000) and was in excellent condition.
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From Bargain to Six Figures
The 996 Turbo was historically known as the 'bargain 911,' but the idea of one selling for six figures was once laughable. Now, prices have surged significantly.
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Market Appreciation
The 996 market is up more than many realize, with this sale being a clear indicator of the trend. The buyer also purchased their NSX, building a notable collection.
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Don't Sleep on the 996 Turbo
A key takeaway is that the 996 Turbo should not be overlooked as an investment or collector's car, given its rising value and market demand.
The 996 Turbo market is experiencing a significant boom, with top-tier examples commanding six-figure prices. This trend underscores the growing appreciation for this once-underrated model.
Study Flashcards (4)
What was the sale price of the 996 Turbo discussed in the video?
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What was the sale price of the 996 Turbo discussed in the video?
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Over $160,000 after fees.
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What package did the 996 Turbo have?
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What package did the 996 Turbo have?
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X51 package.
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How many miles did the 996 Turbo have?
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How many miles did the 996 Turbo have?
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21,000 miles.
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What was the 996 Turbo historically known as?
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What was the 996 Turbo historically known as?
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The 'bargain 911'.
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💡 Key Takeaways
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Market Surge
Highlights the significant appreciation in 996 Turbo values, a key insight for collectors and investors.
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Investment Advice
Directly advises viewers not to overlook the 996 Turbo, a practical takeaway for potential buyers.
00:55Full Transcript
[00:01] it deserved to be. >> Nick, I sold a 996 Turbo in 2012 for >> I know, that was the thing. It was always known as the bargain 911, and I mean, obviously this one is incredibly
[00:15] low miles, incredibly well presented. It is representative of the top of the market, but I mean, there was a time where the idea of a 996 Turbo selling for six figures was laughable, and now, I mean, we're we're
[00:28] I mean, we're we're pushing, you know, after fees, 160 plus >> It's an incredibly nice one, obviously, right? X51 package, 21,000 miles, red, but it the 996 market, we talked about this last week, I think, when this was
[00:42] It is up. It's up more than we maybe realize. Uh, by the way, shout out to the buyer who is also the buyer of our NSX. Uh, he's building like quite a collection of cars, and now he has the 320,000 mile
[00:55] NSX and the 21,000 mile 996. >> 996 Turbo, don't sleep on it. >> [clears throat] >> I'm not I'm not disputing that or >> I'm not I'm not disputing that or debating it now.
