Even a profit of $320,000 wasn’t sufficient for this Porsche flipper | Carscoops

      A six-figure profit wasn't sufficient to finalize this Porsche transaction, and collectors are beginning to take notice.

      

      The owner attempted to flip the 911 S/T less than a month after its delivery.

      This limited-model 911 has only 331 miles on it and is in immaculate condition.

      Prices for the 911 S/T are experiencing a slight decline, yet they remain exceptionally high.

      Need evidence of how coveted the Porsche 911 S/T has become? Just this week, one was listed on Bring a Trailer, attracting a top bid of $640,000, an impressive amount that is nearly double its original Manufacturer's Suggested Retail Price (MSRP).

      For most, such an offer would be impossible to refuse; however, this seller clearly has a different perspective. The auction concluded without a sale, with the reserve set even higher. It seems some owners feel the market hasn't yet aligned with their perceived value.

      Subdued Specification, Significant Worth

      The specs of this 911 S/T are quite understated and it is painted in a complimentary no-cost black color. It includes various options, such as the $20,360 Heritage Design Package, a $3,670 front axle lift system, $4,010 LED Matrix headlights, and a $1,600 Bose surround sound system, bringing the original price to $322,720. It was sold by Porsche Newport Beach last month.

      Clearly, the initial owner wasn't inclined to keep the vehicle and attempted to sell it just a month after purchase, with only 331 miles (533 km) logged. Interest in the S/T surged quickly on Bring a Trailer, leading to bids reaching $640,000.

      The seller might now regret setting a reserve exceeding $640,000. Earlier this year, an S/T with merely 23 miles (37 km) actually sold on Bring a Trailer for $805,992, and in July, another unit in Porsche Racing Green Metallic with 787 miles (1,266 km) reached $726,000 before the auction concluded.

      This trend indicates that prices for lightly used S/Ts are beginning to soften, a typical pattern for exclusive, limited-edition sports cars as the initial wave of excitement diminishes.

      Insights from the Past

      Navigating the collector car market can be challenging. Frequently, prices for highly sought-after vehicles like the 911 S/T spike as soon as they are in customer hands, followed by a gradual decline and often stabilization.

      A comparable situation occurred with the 911 R a decade ago. After its market introduction, some models were sold for over $500,000 despite a starting price below $200,000, before settling closer to the $300,000 range. In recent years, its value has once again approached half a million dollars.