Darklands

Same here, Buyers underestimate the cost of maintenance, the awakening is after the purchase at the specialized shop!
If they’re lucky enough to get shop time in the near future.
The Dunning Kruger effect is always there!

mark928gt

Thanks for the input and information everyone. I know I could not have owned and worked on this car for so long without such a great support community. I’ve never really considered selling the car before and my wife was surprised I even made this post. I think I will fix the AC, go ahead and do the timing belt and water pump just because this is always a question and fix a few other little things. I don’t need to sell it right away so maybe I’ll put it up on BaT in the spring. Thanks again.

olmann

I agree with most of what has been said. That is a beautiful car and I would think it would do well, $50K min. A couple of things to think about when you decide where to sell it. BAT will not give you a reserve for that much. They are more focused on getting their commission so they will try to convince you why it should be much lower, mostly due to mileage in your case. I see a lot of people accepting a low reserve thinking they will clean up because it is BAT. I see many cars selling below market every week on BAT (928's and non 928's). On the other hand, PCar Marketplace will give you the reserve you want. If you are in no hurry to sale and would like to protect your investment, then PCar may be your place. Yes, BAT has tons more exposure but a car such as yours will bring the buyers regardless of the venue. I just think that BAT's ridiculously low reserves puts you too much at risk if the buyers just happen not to be in the room when the auction closes. My opinion comes from the last two cars I submitted to BAT but ended up selling on PCar. Both times BAT tried to convince me that my requested reserve was dreaming. Their comps weren't even proper comps. Both cars sold on PCar for double the reserve BAT was recommending. Just my $.02.

Darklands

Maybe another way is to wait till one of Gregs clients search a special car! Mark says he's not in a hurry so he can wait.

mark928gt

Yes. Greg Brown let me know when that special client shows up with bottomless pockets and wants that special car!

Very interesting to hear about the difference in BaT and PCar Marketplace. I have experienced the low BaT reserve from a buyer’s standpoint. When I bought my S2000 the owner was not happy because Bat convinced him to have a lower reserve than he wanted. They told him that everything always sells for “market price” and he would be fine. The buyers were not in the room that day, but I was. I threw out a bid I never thought would stand and nobody else bid. It was his reserve. To this day I call it the “car I accidentally bought”. The owner was not happy but honored his end of the deal. I’ll look hard at PCar Marketplace. Thanks.

olmann

Yeah, they fed me that line both times. I know of one that chose to get banned from BAT for life then take the shellacking they got. I'm sure there are plenty others. With the current market and how they are working the sellers for low reserves, BAT is the place to BUY right now. If you are in the market for something, you could have a good chance of scoring something there. Don't get me wrong, there are plenty of cars bringing good money still but the owners are gambling a bit.

JWise

The current Hagerty insurance valuation tool has '89-'91 GTs at $90K for grade 2 (excellent) and $51K for grade 3 (good). I found two very recent comps in the low to mid $70's for my 90GT, which I recently renewed through a different carrier for an agreed value of $80K. I'd fix any issues and not accept anything less than $75K if it were mine.