Not Even A $320,000 Profit Was Enough For This Porsche Flipper

Need proof of just how sought-after the Porsche 911 S/T has become? Earlier this week, one appeared on Bring a Trailer and drew a high bid of $640,000, a remarkable figure that’s nearly double its original MSRP.

For most people, that kind of offer would be impossible to turn down, but this seller clearly operates on a different wavelength. The auction still ended without a sale, the reserve perched even higher. Apparently, some owners believe the market hasn’t quite caught up with their sense of value.

Understated Spec, Serious Value

The specification of this 911 S/T is quite understated, and it’s finished in a no-cost shade of black. It does have several options, including 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 up to $322,720. It was sold through Porsche Newport Beach last month.

Read: Porsche Just Built The Coolest 911 S/T On The Planet

Evidently, the original owner wasn’t interested in keeping the car and attempted to sell it just a month later, with just 331 miles (533 km) on the clock. Interest in the S/T quickly soared on Bring a Trailer, before bidding topped out at $640,000.

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The seller may now regret their decision to set a reserve of over $640,000. Earlier this year, an S/T with just 23 miles (37 km) on the clock actually sold on Bring a Trailer for $805,992, and in July, another finished in Porsche Racing Green Metallic with 787 miles (1,266 km) climbed to $726,000 before the hammer fell.

That trend suggests prices for gently used S/Ts are beginning to ease, a familiar pattern for exclusive, limited-run sports cars as the initial rush of excitement fades.

Lessons from the Past

Timing the collector car market can be difficult. Often, prices for highly desirable vehicles like the 911 S/T spike as soon as they reach the hands of customers, before slowly falling and often stabilizing.

We saw a similar thing with the 911 R a decade ago. After it hit the market, some started trading hands for over $500,000, despite its sub-$200,000 starting price, before falling closer to the $300,000 mark. In more recent years, it has once again climbed back towards half a million dollars.

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