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911R sells for $380k

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Old 02-21-2017, 11:13 PM
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Waxer
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Default 911R sells for $380k

My son just advised me a client of his just sold/flipped his R for $380k.
Old 02-21-2017, 11:30 PM
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signes
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Interesting. Any other details to share? Color, LWFW, dealer?
Old 02-21-2017, 11:36 PM
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usctrojanGT3
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Originally Posted by Waxer
My son just advised me a client of his just sold/flipped his R for $380k.
Hope the focker gets booted out of the VIP program.
Old 02-21-2017, 11:47 PM
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bronson7
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Interesting sale price!!! So if this is true, it's one of the first we've heard of that actually sold. Is there any others out there that have sold close to the 500K mark?
Old 02-22-2017, 12:26 AM
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Well bought, if true.
Old 02-22-2017, 12:48 AM
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ipse dixit
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Market is crashing.
Old 02-22-2017, 07:07 AM
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rosenbergendo
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Market will continue to head down. Dumb car. New Gt3 will be 99.9999999999999999999% of dumb R.
Old 02-22-2017, 08:07 AM
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Waxer
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He also flipped his non PTS RS in 2015 for $300k.
Old 02-22-2017, 12:12 PM
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KSAF
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Mine just arrived. More photos will follow!
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Old 02-22-2017, 12:21 PM
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Wrong thread. Please delete my post above!
Old 02-22-2017, 12:53 PM
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tstafford
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Originally Posted by rosenbergendo
Market will continue to head down. Dumb car. New Gt3 will be 99.9999999999999999999% of dumb R.
Maybe. Maybe not. There's a market for "collector", "hot wheels" Porsches. Look at the prices of things like the Club Sport, Endurance Racing Edition, etc. Car doesn't even need to be mechanically different to command a premium. I said early on that the R was more along those lines than something esp. great mechanically. Some people will drive them, I guess. But I suspect it's more fluff and buff.
Old 02-22-2017, 12:56 PM
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It's a great car at MSRP.
Old 02-22-2017, 01:09 PM
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Would be hilarious if Porsche made a surprise announcement in Geneva that they were going to continue production of the 911R and make as many as they can sell...

Seriously though, if I were a shareholder, I'd be pissed off, as I really don't get the value to Porsche of being in the business of making money for a small group of owners. Porsche is not Ferrari and it shouldn't aspire to be. It should be in the business of selling as many awesome cars at the highest price the market will bear. The dichotomy of selling limited edition flip opportunities to a few customers at the same time you're flooding the market with 4 cylinder baby SUVs makes no sense to me. Just build cars and sell them and stop all this bull****. I don't think they're maximizing shareholder value with this approach.
Old 02-22-2017, 01:52 PM
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The sense I get from a number of long-term Porsche people is one of frustration that Porsche does not make enough high-end Porsches anymore that are "available to long-term Porsche guys that would buy them". You have to pay to play if you want a 911R or a GT3RS. This is pushing some guys to Ferrari or McLaren.


Quite simple really. Halo cars like the 911R are backfiring on the brand identity. How does that help the brand when literally nobody can get one, and therefore very affluent long-term customers are pissed. Yet Porsche keeps showing the 991R at car shows (Detroit), and likes for you to configure one on the website. Why?


Porsche should make as many 911R's and Gt3/GT3RS's and GT4's as the market can bear (and the factory can make). That's what shareholders and customers want. And, what is creating interest for the (hopefully) next generation of Porsche drivers? Turbo flat four?


Years ago I bought a few Harley Davidson motorcycles when the market was really hot. The dealers would charge over MSRP, and add on top of that a premium for "prepaid merchandise". So they were literally tacking another $600=$1,000 on the sales price as store credit, where you had to go buy stupid tshirts, coffee mugs etc. Really pissed off both the old time customers and the new. People have long memories. Now look at Harley.
Old 02-22-2017, 02:20 PM
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Originally Posted by Archimedes
Would be hilarious if Porsche made a surprise announcement in Geneva that they were going to continue production of the 911R and make as many as they can sell...

Seriously though, if I were a shareholder, I'd be pissed off, as I really don't get the value to Porsche of being in the business of making money for a small group of owners. Porsche is not Ferrari and it shouldn't aspire to be. It should be in the business of selling as many awesome cars at the highest price the market will bear. The dichotomy of selling limited edition flip opportunities to a few customers at the same time you're flooding the market with 4 cylinder baby SUVs makes no sense to me. Just build cars and sell them and stop all this bull****. I don't think they're maximizing shareholder value with this approach.
When the 918 wasn't selling Porsche kept sweetening the pot to sell out the run.

I don't understand all the R hype it's almost comical - it pisses off customers to stroke a few egos.

Still new here but it's clear too many R etc owners are in it for the money vs the car what's worse is the dealership follows suit.

Long term customers are what a business is built upon they better wake up before those same customers stroll to other brands.


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