Elton John's V12 Hits the Auction Block

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MARKET LEADERBOARD

💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc… All online auction sites are analyzed to put this leaderboard together.

I only include websites that have sold 5+ cars in the chart below.

Yesterday saw a flurry of activity with more sales than usual, though the total value dipped just below $5 million. From the leaderboard, we can draw two key insights:

  1. High Sell-through: The top two platforms are seeing strong sales, indicating that cars are indeed moving.

  2. Ongoing Challenges: The issues I’ve highlighted over the past few months persist. The race for the third spot in the U.S. market remains wide open, with no clear leaders consistently listing 10+ cars daily. This needs to be the first target.

For high-end sales platforms, the pressure to hit high daily sales numbers might be less due to the larger commissions they earn per sale. However, I’m sure they’d still appreciate the ability to move even 5 cars a day.

Stay tuned for more insights into the high-end market in tomorrow’s edition.

YESTERDAY’S TOP 5 SALES

Yesterday was all about Porsche and Aston Martin, with five standout cars making it to the top sales. For me, the star was the 1989 Speedster with just 8k miles on the clock. In terms of value for money, this car is a great value, and I’m betting its price will only climb. Hats off to Sotheby’s Motorsport who are appearing more and more in our top 5 list.

To check out each listing, just click on the cars.

1974 Porsche 911 Carrera 2.7 MFI $265,000

2020 Aston Martin DBS Superleggera $249,000

1989 Porsche 911 Speedster $235,000

2016 Porsche 911 GT3 RS $185,000

2023 Aston Martin Vantage Coupe F1 Edition $150,000

Some Interesting Auctions That Caught Our Eye (ending today)

I love G Wagens. Mine is a 1995 and I prefer the earlier, more analog, models to the more modern builds. These G55s were really special though. Mostly analogue, with an AMG 5.4 liter supercharged V8 that breathes some fire into this iconic chassis. The later G63s are in another league, but this finds a balance between the classic G and the modern variants. With bidding slow to ramp up, I am thinking this may end up RNM, but for a realistic bid, this could be an amazing find and an amazing ride. 


What's not to like about a true M505 930 Slantnose in black/black with 11K miles? With an engine out service and reseal in 2023, this car is ready to be enjoyed, but will probably end up tucked away in a collection for another 36 years.


This G55, in a rare green with a designo brown interior really stands out. I don't think I have ever seen another one like it. This one would be well worth the hassle of importing to Canada or locations outside the US and could be driven and enjoyed in Europe for three years until it is eligible for import into the US.


Does celebrity ownership history mean much or drive values up?

Often the answer is no. In this case, this understated grand touring legend was owned by Elton John and kept in Atlanta.

These V12 coupes are a special beast and, when sorted, are wonderful cars to drive. This one has, somehow, ended up offered for sale by a Chevy dealer in Rochester, NY with later model wheels, which look at bit out of place, and there is apparently an accident history. 


I think these CLK500s are underrated and undervalued. The 124 E320s are great cars and all, but these are more modern interpretations with the bulletproof M113 V8. I think the styling on these is great and that they can be enjoyed now for a fraction of the cost of a sorted 124.

Alumni Catchup

Below are the top 5 Alumni sales yesterday. The arrows in the diagram below show whether the vehicle sale has gone down or up in value.

It's not only Porsches that appreciate in value. Take the stunning 1995 Ferrari F355 Spider 6-Speed, for instance. It sold yesterday for $36k more than its last sale in 2021. With only 1,000 miles added over the past three years, this car isn't just a pleasure to look at—it's a thrill to drive. The roar of its exhaust is simply intoxicating. Here's hoping the new owner takes this speedy beauty out on the road more often. Also, a special tip of the hat to the winning bidder who cleverly ended their bid with ‘355’. Looking back at the market for this particular vehicle, over the past 3 years, we are seeing on average 11 of these come up for auction, with 61% of them selling.

2022 Porsche 911 GT3

One car that consistently catches my attention is the 2022 Porsche 911 GT3, along with its variant, the GT3 Touring. Both models are renowned for their high performance and striking design, making them a frequent topic of discussion among car enthusiasts.

Below are the sales from this month, which provide a glimpse into the market dynamics for these models. It's evident that mileage plays a significant role in determining the sale price, even within this limited dataset:

Prices have remained relatively stable, considering that these cars were selling for around $300,000 just two years ago. The modest depreciation suggests that they are holding their value well—a trend that might continue if these cars are meticulously maintained. It's certainly a model I’m keenly watching, as their enduring appeal and robust performance make them a compelling choice for any serious collector or driving enthusiast


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