A one-year-only manual Turbo S market that has just re-rated hard — median sold price jumped from $71,500 to $94,000 in twelve months — but the money is now concentrated in coupes, sub-20k-mile cars and 1-of-1 colours, while ordinary 40k-mile black cabriolets still trade in the $70s.
Across all 103 completed BaT auctions for the 2005-onwards 6-speed 996 Turbo/Turbo S, 71 sold (68.9% sell-through) at a median of $75,000 and a mean of $87,457 — the gap between those two numbers tells you the shape of this market: a broad mass of cars in the $60k–$93k band (25th percentile $64,500, 75th percentile $92,998) with a thin, very expensive tail running to $409,996. Every analysed car is a manual (median $77,500, n=40), so the transmission is not a variable here — it is the entry ticket.
The trend has broken upward. Last-12-months median is $94,000 against $71,500 the year before, +31.5%. By calendar year the path was $85,250 (2021), $93,499 (2022), $84,996 (2023), a genuine trough at $71,500 (2024), $75,000 (2025), and then $158,500 for 2026 (n=7, $84,100–$409,996). Treat the 2026 figure with care — it is inflated by 222-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed at $409,996, 1,100-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $199,000 and Viola Metallic 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $168,000 — but the mid-market moved too: 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed made $94,000 in May 2026 with a disclosed 2014 accident, where a comparable 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed sold for $65,000 in October 2023 and another for $70,000 in March 2024.
The spread between good and bad is roughly 2:1 within the same mileage band, and it is driven by body style, colour, originality and documentation rather than condition alone. Mainstream colours cluster tightly: GT Silver Metallic $78,996 (n=7), Black $71,500 (n=8), Arctic Silver Metallic $70,000 (n=13). Coupes carry a clear premium over cabriolets at like mileage — No Reserve: 19k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed brought $120,000 while 19k-Mile 2005 Porsche 911 Turbo Cabriolet 6-Speed brought $84,100, and No Reserve: 46k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed made $78,000 against $60,500 for 46k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed.
Sell-through behaviour is the most useful signal in the file: 32 of 103 auctions ended reserve-not-met, and the RNMs are overwhelmingly the low-mileage, seller-hyped cars, not the tired ones. 2,700-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed drew $227,500 and still failed; the same car relisted as 2,800-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed with a reserve cut from $275k and stalled at $150,000. 989-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed stopped at $120,000, 9k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed at $125,000, 4,900-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $102,000, and 37k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $96,000 as recently as August 2026 — prompting bmdaia's line, "When a black convertible doesn't make reserve at over $100K you know the Mezger market has seismically shifted." No-reserve cars, by contrast, clear reliably and sometimes cheaply: No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $47,500 and $57,000, No Reserve: 13k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $85,000. If you are buying, the reserve-not-met cars are your negotiating pool; if you are bidding, the no-reserve cabriolets are where the value has repeatedly been left on the table.
222-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed sold for $409,996 against a $75,000 model median; 1,100-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed took $199,000, with bmdaia commenting "Stolen for sure!"; No Reserve: 7k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed brought $140,000. The premium is real but reserve discipline matters — 989-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed and 4,900-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed both failed to sell at $120,000 and $102,000 respectively.
No Reserve: 19k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed made $120,000 while 19k-Mile 2005 Porsche 911 Turbo Cabriolet 6-Speed made $84,100. At mid-mileage, No Reserve: 46k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed $78,000 vs 46k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed $60,500; even 2005 Porsche 911 Turbo S Coupe 6-Speed at 103,000 miles cleared $68,996. RecoveringAtty summarised it on the 9k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed thread: "The cab market is soft… most of the bidding is below 2021-22 levels."
Viola Metallic 2005 Porsche 911 Turbo S Cabriolet 6-Speed sold for $168,000 at 21,000 miles after registry-keeper c041v confirmed "I know of no other Viola Metallic example out there… for the entire 996 Turbo run, the PTS option had well under a 1% take rate." 38k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed in Speed Yellow over Metropol Blue made $158,500 — roughly double what GT Silver and Arctic Silver cabs of similar mileage bring. Arena Red Metallic 2005 Porsche 911 Turbo S Coupe 6-Speed took $100,997 back in November 2022 despite a 2014 accident and resprayed rear bumper, on the strength of being the only PTS Arena Red example globally.
Modified 2005 Porsche 911 Turbo S Cabriolet 6-Speed with a genuine 2006 RUF RTurbo S 550hp conversion failed to sell at $71,500 — commenters wanted written RUF documentation that never appeared. 37k-Mile Modified 2005 Porsche 911 Turbo S Cabriolet 6-Speed with $44k of BBi/Haydon Bros work and a 475whp dyno sold for only $71,500, with pkalber asking "Confused with all of the upgrades and tune, yet only gaining 30 HP?" No Reserve: 48k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed (EVOMS-built, GT Silver over Boxster Red) sold at $93,000 — Pirahna noted it "Sold for the exact same price it sold for 1.5 years ago," flat over 18 months while stock cars appreciated.
23k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed with a $11k front-corner repair at an authorised shop sold $73,000 — Cheflife1979: "Did somebody really just get this for 30k below market." 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed with a documented 2011 rear-end hit and a right front fender reading 09/08 mils still made $92,996 because Chris_F published every panel reading and the full police report. By contrast 37k-Mile Modified 2005 Porsche 911 Turbo S Cabriolet 6-Speed had a 28-mil rear quarter the seller could not explain, and fastdeals_htx said plainly "Want to bid but not if their is body work on quarter."
26k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed failed at $59,000 with steel rotors fitted and the factory PCCBs gone; TheRealDOh: "This amazing model would go for more but it is missing the carbon brakes, that's a 5 figure part. There's your price gap right there." Conversely 23k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed earned praise for the seller sourcing a matching hardtop and mounts. 46k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed came with one key and the dealer refused to order a second — it sold at the bottom of the band, $60,500.
No Reserve: 2005 Porsche 911 Turbo S Coupe 6-Speed with a $37,000 September 2024 service file and pinned coolant lines took $96,000, with bmdaia calling it "the most well maintained and documented Porsche I've ever seen in over 30-yrs." 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed published full-car paint readings and a clean DME and made $92,996 despite an accident. On 46k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed the dealer refused to obtain a DME and TTownPorsche noted "Every manual 996TT auction has requested one" — it sold $60,500.
2005 Porsche 911 Turbo Cabriolet 6-Speed at 79,000 miles sold $45,750; No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed at 81,000 miles sold $47,500; 2005 Porsche 911 Turbo S Cabriolet 6-Speed at 91,000 miles sold $51,000; No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed at 92,000 miles sold $57,000. Note the coupe exception: 2005 Porsche 911 Turbo S Coupe 6-Speed at 103,000 miles with the factory Aerokit still made $68,996.
No Reserve: 47k-Mile 2005 Porsche 911 Turbo 6-Speed, argued by bmdaia and previous owner Lunatic_Fringe to be the only GT Silver 996 Turbo imported to the USA, made $69,996 — inside the Turbo S band. But 42k-Mile 2005 Porsche 911 Turbo Cabriolet 6-Speed in 1-of-1 Carmon Red failed at $45,000 with PorscheTeam protesting "This is a $70k vehicle," and Original-Owner 2005 Porsche 911 Turbo Cabriolet 6-Speed with 12,000 miles failed at $66,500. The non-S buyer pool is thinner and less forgiving.
| Colour | Median | Cars |
|---|---|---|
| Gt Silver Metallic | $78,996 | 7 |
| Black | $71,500 | 8 |
| Arctic Silver Metallic | $70,000 | 13 |
On 37k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed, Turbopowered_gsr wrote "They have not – it's not explicitly stated, best to assume no. Therefore engine out required later (not immediate)" — the car then failed at $96,000. On 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed the seller confirmed no record of pipes ever being pinned. On 2005 Porsche 911 Turbo S Coupe 6-Speed (77k, Seal Grey) the seller — himself a Porsche mechanic — "never saw the need to do it." Counterweight: on 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed, MEZGER917 said they had sold numerous 996/997 turbos and seen exactly one pipe failure at 100k miles, and boba911 cited a friend's X50 at 685k miles on original pipes; @Kingturbo, however, reported a temp spike from 180°F to redline at ~100 mph from a line failure. Cars that have had it done — No Reserve: 2005 Porsche 911 Turbo S Coupe 6-Speed (pinned 2022 and 2024) and 48k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed (welded) — sold at $96,000 and $67,000 respectively with the topic closed early.
Check: Get the car on a lift and photograph the pipe junctions; demand the invoice naming the shop and the pinning/welding method. If it is not on paper, budget $3,000–$6,000 with engine drop and assume you own the risk.
37k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had cylinders rebuilt May 2026; 2005 Porsche 911 Turbo S Cabriolet 6-Speed (70k, black) had top hydraulics, cables and potentiometer plus headliner replaced July 2022; 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had cylinders and hoses replaced June 2025; 46k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had rams repaired June 2023; No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed had cylinders replaced; 2005 Porsche 911 Turbo S Cabriolet 6-Speed (40k, GT Silver) had them rebuilt in 2017. On 23k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed commenter DrmKlr, himself a 996 TT owner, called the top's B-pillar creasing "inevitable design flaws."
Check: Cycle the roof three times cold and watch for weeping at the cylinders and hesitation mid-cycle; check the boot carpet and rear seat bases for hydraulic fluid or water staining; ask for the cylinder rebuild invoice and date.
23k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed arrived at auction with the spoiler inoperative — service notes showed broken limit switches on the hydraulic piston, to be replaced before handover. 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had the spoiler motor replaced March 2024. No Reserve: 2005 Porsche 911 Turbo S Coupe 6-Speed had the hydraulic spoiler drive unit replaced March 2022, and 4,900-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed needed a spoiler wiring harness in August 2022 at under 5,000 miles. thefleshrocket, commenting on 38k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed, grouped "the spoiler hydraulics having been addressed" with coolant lines and radiators as "not-insignificant expenses."
Check: Cycle the spoiler manually and at speed, check for stored codes, and confirm both limit switches operate — a dead spoiler is a known symptom, not a quirk.
On 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed the seller admitted "small specs of foam occasionally emerge from vents when heat or AC are blasted" and had not addressed it. On Original-Owner 2005 Porsche 911 Turbo Cabriolet 6-Speed, DrmKlr stated flatly that blend-door foam breakdown "will eventually happen to every 996," correcting RPFL's assumption that the black dust came from ductwork. No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed (81k) — seller expected "like everyone of them to have older foam which will break down." On 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed, Chris_F confirmed no service record showed the repair had been done and Hurtig described a vacuum-based fix.
Check: Run the blower on max heat and max A/C with a white cloth over the centre vents and look for black particles; ask whether the blend-door foam or heater box has ever been opened.
Accumulator or slave work appears on 2005 Porsche 911 Turbo S Cabriolet 6-Speed (Seal Grey, accumulator May 2021), 2005 Porsche 911 Turbo S Coupe 6-Speed (clutch actuator at 61,350 miles at Rusnak), 40k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed (accumulator December 2021), 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed (accumulator serviced ~2023) and 2005 Porsche 911 Turbo S Cabriolet 6-Speed (40k GT Silver, slave cylinder and accumulator). Full clutch/flywheel jobs: 2005 Porsche 911 Turbo S Cabriolet 6-Speed at 54,693 miles for slippage, and No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed (92k) December 2024. On No Reserve: 2005 Porsche 911 Turbo S Coupe 6-Speed, mrmike993 pressed why clutch and coolant work happened in both 2019 and 2024. bmdaia's list of real 996TT weak points names "hydro clutch accumulator" explicitly.
Check: Feel for a soft or sinking pedal and a high/vague take-up point; ask directly for the clutch accumulator and slave cylinder replacement dates and the mileage at which the clutch pack was last renewed.
On 2005 Porsche 911 Turbo S Cabriolet 6-Speed (Guards Red, 66k) thefleshrocket demolished the seller's approach: "carbon ceramic brake rotor wear doesn't show up as reduced thickness, it shows up as lower weight. The only way to accurately know if CCB rotors are worn is to remove them, clean them, weigh them." On 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed the seller admitted "The PCCB have not been weighed. Condition of rotors look and feel to be good." On 40k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed commenters put PCCB replacement at $35k with no measurements offered since 2016. 26k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had lost its PCCB rotors entirely and failed at $59,000. Contrary voices exist — bmdaia claims 100k-mile life — but the cost asymmetry favours measurement.
Check: Have the rotors removed, cleaned and weighed against factory spec — thickness measurement is meaningless. Confirm the discs are genuine PCCB and present at all.
35k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed was bought in 2023 with a clean Carfax and a 2019 "minor damage" entry later appeared, while AutoCheck showed zero accidents. 2005 Porsche 911 Turbo S Cabriolet 6-Speed (91k, Arctic Silver) had a May 2018 entry surface a year after purchase and the seller opened a dispute. 38k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed's seller said the damage "wasn't there when we bought the car and mysteriously just popped up again." On No Reserve: 47k-Mile 2005 Porsche 911 Turbo 6-Speed, Clawdog wrote that Carfax "said they didn't know how it came to be, but it was there."
Check: Pull both Carfax and AutoCheck yourself, then verify with a full-car paint-meter sweep rather than arguing about the report. Bumper covers and mirrors are routinely resprayed and are not the issue; quarter panels, hoods and doors are.
2005 Porsche 911 Turbo S Cabriolet 6-Speed (70k) had a July 2025 $19,000 reconditioning covering plugs, coils, belts, motor mounts, struts, sway bar links and HVAC blower. 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed had front axle shafts rebuilt for "time-related CV joint degradation," water pump, mounts and transaxle mount in December 2023 — roughly $30k over three years. On 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed, saxonthebeach read sagging exhaust tips as degraded motor mounts. On 26k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed the seller confirmed "996 turbo coils cracking is a fairly common thing," and on 48k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed @MatteeeB found the near-universal cracked taillight bolt tabs, fixed with ~$125 "lightsavers."
Check: Look for a recent bundle covering motor and transaxle mounts, water pump, drive belt, coils, plugs and front axle shafts. Absence of that bundle on a 20-year-old car is a $8k–$15k deferred liability, not a bargain.
On 222-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed the original 2005 Bridgestones are still fitted and described as "museum-level"; the seller volunteered that the tank was "regularly cycled with fresh gas." On 9k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed, Ex36 rejected the seller's cosmoline explanation outright: "the mufflers in Pic 104 say it all. They're brown, and that sure ain't Cosmoline" — the car failed at $87,000. On Original-Owner 2005 Porsche 911 Turbo Cabriolet 6-Speed, Oliverjunior wrote "12k miles? and texas car? very odd, undercarriage & engine look like 120k miles on cars from back east driven mostly on snow and salt!" — RNM at $66,500. On 12k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed, Always108 flagged 2014-date tyres as an immediate $2–3k cost.
Check: Read DOT date codes on all four tyres and price a replacement set into your bid; inspect fasteners, mufflers and suspension hardware under the car in person; ask when the fuel was last cycled and whether the car has been on a tender.
autobonrun, a 2005 Turbo S owner, on 11k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed: "In the mid 2000's Porsche became totally inconsistent in applying the option sticker… they did not issue a similar bulletin announcing when they stopped applying them." MKT corroborated on 2005 Porsche 911 Turbo S Cabriolet 6-Speed (40k GT Silver): "Most Turbo S' do not have the hood sticker." On IMS, bmdaia quoting Porsche Motorsport on 2005 Porsche 911 Turbo S Cabriolet 6-Speed (91k): "The oil-fed journal-type IMSB in the Mezger is as indestructible and immortal as the endurance racing Mezger engine itself," and DrmKlr confirmed the same on 23k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed. Treat a seller who cannot answer the IMS question correctly as a seller who does not know the car.
Check: Do not discount a car for a missing hood sticker; check the copy in the owner's manual or decode the VIN instead. Do not pay for, or ask about, IMS work — the Mezger's oil-fed journal bearing is a different architecture.
2005 Porsche 911 Turbo S Coupe 6-Speed (77k, Seal Grey) carried an August 2020 $15k dealer rebuild whose invoice blamed a stretched timing chain. bmdaia: "Stretched timing chain on a Mezger is unheard of (you could tow a locomotive with the Mezger's timing chain)." The consigning dealer's own position was that the fault "was misdiagnosed." No DME report was provided despite the recent major engine work; the car sold for $78,500, which is unremarkable money for a manual Turbo S coupe at that mileage.
Check: If an engine has been opened, get the full invoice, the failed-part diagnosis and a compression/leakdown plus borescope. A "stretched timing chain" claim on a Mezger should be treated as an unexplained rebuild until proven otherwise.
Driver-grade, today: $55,000–$72,000 buys a cabriolet with 70k–100k miles, a soft top that has already needed hydraulics, unpinned coolant pipes and a patchy record — see No Reserve: 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $57,000 (92k) and 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $51,000 (91k). Budget $10k–$15k on top for the deferred bundle: coolant pipes, motor mounts, water pump, coils, top hydraulics, tyres.
Strong example: $85,000–$100,000. That is where a 30k–50k-mile Turbo S cabriolet with a real service file and disclosed, documented paint now trades — 44k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $94,000 (May 2026), 39k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $91,000, No Reserve: 48k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $93,000. For a coupe, the same money is closer to entry-level: No Reserve: 2005 Porsche 911 Turbo S Coupe 6-Speed at $96,000 with 59k miles and a $37k service history is arguably the single best-value car in the whole file.
Best-in-class driver: $100,000–$140,000. Sub-35k-mile coupes with the Aerokit and clean documentation — 31k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed at $108,000, No Reserve: 19k-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed at $120,000, No Reserve: 7k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed at $140,000. Expect to be outbid below $100k for a genuinely unmolested low-mile coupe in 2026.
Collector/trophy tier: $155,000 to over $400,000, and it is bought with colour and odometer, not condition. Paint-to-sample or 1-of-1 factory colours run $158k–$168k; four-figure-mileage cars run $199k upward; the 222-mile coupe was a $409,996 one-off. Below roughly $150k, spec buys you nothing extra — above it, spec is the only thing you are buying.

5.5x the all-time model median. Almost certainly the lowest-mileage 996 Turbo S in existence, in 1-of-17 Slate Grey, previously sold by the winning dealer in 2021 at 196 miles. It is a mileage trophy, not a car — 26 miles added in four years, original 2005 tyres, no driving video, and the title legend reads "Mileage Not Required." Not a comparable for anything you would drive.

Highest cabriolet result recorded. Sold in August 2026 despite the initial listing being withdrawn for AI-edited photographs and the seller's team using ChatGPT to write comments. That a transparency scandal cost nothing tells you how much the market is paying for a four-figure-mileage manual Turbo S cab.

$168,000 at 21,000 miles, roughly double a GT Silver or black cab of similar mileage — and it was on Öhlins coilovers with non-original GT3 wheels. Registry keeper c041v confirming a likely 1-of-1 paint-to-sample overwhelmed every other consideration.

Speed Yellow over Metropol Blue, 1-of-1 by colour combination per c041v. Sold for roughly double the $78,996 that 35k-Mile 2005 Porsche 911 Turbo S Cabriolet 6-Speed brought four months earlier, despite a phantom Carfax damage entry, a repainted front bumper and mirror, six-year-old tyres and no mention of coolant lines, radiators or spoiler hydraulics.

The floor of the entire dataset. Non-S 415hp car, 79,000 miles, aftermarket taillights, undocumented 2021 service claims and no DME report — the exact combination the market punishes. Note this is the last non-S Turbo Cabriolet built for North America per c041v's VIN work, and rarity bought it nothing.

81,000 miles, a 2011 rear-impact Carfax entry the dealer could not explain, unpinned coolant lines, no service records and a bent exhaust tip — at no reserve it found $47,500. krowfl's post-mortem: "I think this was a perfect price considering the accident (even though minor) and the miles."

Failed to sell at $59,000 with 26,000 miles — an outlier low for the mileage. The factory PCCB rotors were missing (steel conversion fitted), the instrument cluster had been swapped from km to mph, five prior owners, and the car had been on BaT four times in five years.

The most instructive failure in the set: $227,500 bid in May 2023 and rejected against a reserve reportedly around $275k, then the same car relisted as 2,800-Mile 2005 Porsche 911 Turbo S Coupe 6-Speed and stalling at $150,000 three months later. NorCalTurbo called it: "Might be a $1M car in 30 years but today it's a $200k car at best."
This is now a two-tier market and you should decide which tier you are in before you bid. If you want the car — the last manual Mezger Turbo, and by consensus of the owners in these threads a better drive than a 992 — buy a documented 30k–60k-mile coupe at $95k–$120k, or accept the cabriolet discount and take a well-serviced 40k-mile cab at $85k–$95k, or a 70k–90k-mile one at $55k–$70k with $15k set aside for pipes, mounts and roof hydraulics. Insist on a weighed set of PCCBs, a real DME report and a full paint sweep; those three documents are worth more than any rarity spreadsheet. If you want the asset, you are competing for four or five cars a year — 1-of-1 colours and four-figure odometers — at $160k–$400k, and the RNM record shows the sellers of those cars are as likely to overreach as to underprice. What I would not buy at these levels: a modified car without the tuner's paperwork, an ultra-low-mileage car with a corroded underside, or anything where the seller shouts about rarity and cannot tell you whether the coolant pipes are pinned.
These are patterns, not findings. A public auction record cannot show intent, and everything below has ordinary explanations — specialists and dealers bid on many cars of one model, enthusiasts run up cars they end up losing, and new accounts are usually just new. Read them as places to look closely, not as accusations.
watch Closing bids came almost entirely from accounts with no posting history — 5 of 6 bids in the final 15 minutes (83%) came from accounts with under 25 lifetime likes (PlaintiffW74, guiberg). The typical auction for this model runs 35%, so this one is an outlier. Note the measure is weak — likes come from commenting, so a long-time bidder who never posts also scores zero.
watch Underbidder placed much of the ladder — Askyourwifeb4youbid placed 14 of 40 bids (35%) and did not win. Enthusiastic losing bidders are common; a very high share is still worth reading the thread for.
watch Closing bids came almost entirely from accounts with no posting history — 12 of 12 bids in the final 15 minutes (100%) came from accounts with under 25 lifetime likes (jkersten, mbawgus1981). The typical auction for this model runs 35%, so this one is an outlier. Note the measure is weak — likes come from commenting, so a long-time bidder who never posts also scores zero.
watch Closing bids came almost entirely from accounts with no posting history — 15 of 15 bids in the final 15 minutes (100%) came from accounts with under 25 lifetime likes (Holter55, caseyadaniels, Gibson8687, Jtpny). The typical auction for this model runs 35%, so this one is an outlier. Note the measure is weak — likes come from commenting, so a long-time bidder who never posts also scores zero.
notice Price set by two accounts trading bids — 62% of the ladder is the same two accounts alternating. This is what a genuine duel looks like too — it only matters alongside another signal.
watch Closing bids came almost entirely from accounts with no posting history — 15 of 17 bids in the final 15 minutes (88%) came from accounts with under 25 lifetime likes (taytobice, bstout). The typical auction for this model runs 35%, so this one is an outlier. Note the measure is weak — likes come from commenting, so a long-time bidder who never posts also scores zero.
notice Price set by two accounts trading bids — 63% of the ladder is the same two accounts alternating. This is what a genuine duel looks like too — it only matters alongside another signal.
notice Price set by two accounts trading bids — 60% of the ladder is the same two accounts alternating. This is what a genuine duel looks like too — it only matters alongside another signal.
watch Underbidder placed much of the ladder — MikeAce11 placed 12 of 35 bids (34%) and did not win. Enthusiastic losing bidders are common; a very high share is still worth reading the thread for.



























































