New GT3/GT2RS Leads With/Without ADM
03-07-2019, 08:21 PM
#4006
It's certainly interesting. BAT prices usually pretty closely reflect the market - there used to be deals on there but now nearly everyone knows about it. I personally was going to bid on this but didn't because I assumed the reserve was going to be over MSRP. Combined with the 911R sale yesterday at $280k it feels like the market has weakened quite a bit.
Unlike eBay, Bring a Trailer auctions are all curated. You have to apply to be on there and each auction is written up by the staff. They do a dozen or so auctions a day vs the millions on eBay.
Unlike eBay, Bring a Trailer auctions are all curated. You have to apply to be on there and each auction is written up by the staff. They do a dozen or so auctions a day vs the millions on eBay.
03-07-2019, 08:41 PM
#4007
All the people commenting it isn’t a fair indicator are current owners and all those commenting it is are prospective buyers. 
I think we can all agree that the cars selling are those that are close to, at or below MSRP.
I think we can all agree that the cars selling are those that are close to, at or below MSRP.
03-07-2019, 08:57 PM
#4008
There was a PTS Mexico Blue GT3 with delivery miles that sold for $180k ($5k over MSRP) this week on here. So seems like prices can vary 5-10% depending on options, color, and miles.
03-07-2019, 09:00 PM
#4009
I'm a buyer and even I admit this is only a single data point. However, the general trend the past few weeks seems to be going in one direction.
03-07-2019, 09:25 PM
#4011
Three Wheelin'
03-07-2019, 09:41 PM
#4012
i’m an owner and I’m glad to see the prices continue to drop. Never liked the ADM nonsense to begin with. It promotes flippers and hurts enthusiasts.
03-07-2019, 10:31 PM
#4013
Rennlist Member
BAT automatically charges you a chunk of the auction price at the end of the auction if it's successful. It's a legally binding contract - it's extremely rare to see a deal on there not go through. This is as real of a comp as you can get.
Source: I've bought a car on BAT.
Source: I've bought a car on BAT.
03-07-2019, 11:47 PM
#4014
If all you know is the bid, it’s useless data as regards market value. Just because nobody bid higher doesn’t mean that’s the value of the car, unless a seller actually agrees to the sale and a transaction really occurs. In this case, the seller was stupid if he agreed to such a low reserve and sold at that price. There are cars transacting at much better price levels.
BaT has actually become, perhaps, the very best gauge of the real market today, so prices there, while relatively few in number (re data points), reflect the market relatively well. But like most markets with any modicum of liquidity, one data point does not a market make.
03-08-2019, 08:43 AM
#4015
Rennlist Member
Who cars if that one sale went through? It's an outlier datapoint and anyone looking at it rationally knows it. This one auction datapoint does not determine the market. We have dreamers on both sides of the isle: sellers and "standby" buyers.
03-08-2019, 09:24 AM
#4016
Rennlist Member
BaT auctions are watched and followed widely. The fact remains that no one came in to outbid $155k. This makes it a tad more than just a "single datapoint" when a car changes hands between neighbors or friends without being exposed to the market.
03-08-2019, 11:45 AM
#4017
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When I was shopping for GT3, I searched Ebay, AutoTrader, PorscheNationalPreOwn and Rennlist classified... I looked at BaT couple times but nothing interesting (at the time). I would think that none of my friends know about BaT. Is BaT really watched and followed widely?
03-08-2019, 11:48 AM
#4018
+1
03-08-2019, 12:02 PM
#4019
Rennlist Member
Seems that we have different friends, then.
03-08-2019, 12:07 PM
#4020
Rennlist Member
Yep, agree with this. Still interesting to see all the machinations of the 991.2 GT3 pricing and depreciation.