RS Ebay Prices Thread
#407
I foresee a scenario similar to the GT40 (except for their first few years) That market has segmented into two camps, those that have several thousand miles on them now and those under 1K miles down into the 100's of miles. Those low mile ones are going from museum to museum as "investments" never to be driven except maybe a parade. Then there are those that might get taken to tracks ~6-10 times a year. I think those have about a $100k spread.
Is there a fuse or plug that can stop the ODO on the RS? Check it for fingerprints! (lol, thats a rental car hack I came up with )
#408
Or maybe they'll just keep the car and drive it. Wouldn't surprise me if a lot of the private cars for sale are guys who just figure, heck if I can get $75k over, I'd sell it, if not, I'll drive it. With such cheap money these days, the holding costs for anyone, private party or dealer, is basically nil. None of these owners are going to lose any money. Just like buyers don't want to be that guy that pays too much, these sellers probably don't want to be that guy that sells below market. They're slowly chasing the equilibrium price in a very illiquid market.
#409
Or maybe they'll just keep the car and drive it. Wouldn't surprise me if a lot of the private cars for sale are guys who just figure, heck if I can get $75k over, I'd sell it, if not, I'll drive it. With such cheap money these days, the holding costs for anyone, private party or dealer, is basically nil. None of these owners are going to lose any money. Just like buyers don't want to be that guy that pays too much, these sellers probably don't want to be that guy that sells below market. They're slowly chasing the equilibrium price in a very illiquid market.
I do agree with you that we are slowing chasing equilibrium prices as there is a fairly wide bid/ask spread. Sellers who actually want to sell will keep going lower in price until they hit a bid price.
I said it once and I'll say it again.....TIME is on my side. The only direction that RS prices is going is down...even if it's a slow bleed lower. I'm not saying that prices will come down to MSRP or below MSRP because at the end of the day I'm a buyer at a "reasonable" amount over MSRP for the right car.
#412
Good times, but most went racing but some are still there like Erik and some are sliding back into DE like me, Juan porro has been beating on his GT4 and some new guys in 991 (Deacon) are stepping up.
I'll race less and do more DE's. Racing doesn't mean a lot of driving, 20 minute sprints don't do it for me. Plus I like driving my DE car better.
There were some RS at Sebring last week but most are doing parade laps but there are some healthy nut jobs getting faster in the 991 GT3 group.. Fun stuff, I don't have a lot of time this year but if they keep strapping coaching in the cars its gonna get fun again. That's how the East coast GT3DE club got to where it was, everyone cot fast!
I love my DE pre these days. have car prepped at shop, grab helmet bag, Harry's lap timer on my I phone and go. I don't even bother changing tires or pads. Drove it home and to the office all week and didn't even bothered taking off the numbers yet. Its getting a full detail tomorrow because it smells like worn socks inside LOL.
I' hope some GT3's on Hoosiers will show up and some RS's will be used as intended. There was 1 997RS last weekend.. With a for sale sign on it..
#414
GT3 player par excellence
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Joined: Apr 2002
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From: san francisco
of course, you coming west in march? BW and TH, back to back weekneds. i got 6 days lined up.
u can drive my GT4, if the damn slow ship ever docks....
he's gutting and caging his 964 as of 3 hours ago.
you need to get him with the program.
u can drive my GT4, if the damn slow ship ever docks....
you need to get him with the program.
#415
This new Ebay listing will be interesting to see if it gets any $250k+ bids. It would have been much more interesting if the $250k was a starting bid without a higher reserve...
http://www.ebay.com/itm/Porsche-911-...m=322005850820
Btw, 43 RSs on sale on autotrader now and looks like no more $400k+ RSs as Taggart lowered their price from $420k to $380k for their UV RS.
http://www.ebay.com/itm/Porsche-911-...m=322005850820
Btw, 43 RSs on sale on autotrader now and looks like no more $400k+ RSs as Taggart lowered their price from $420k to $380k for their UV RS.
#416
Is that so? Is that why the price of that Lava RS in AZ from the private seller kept bleeding lower until it sold for around $50k over? Anyhow, the vast majority of the RSs for sale are dealers/brokers so the motivation to sell will continue to build. I do agree with you that we are slowing chasing equilibrium prices as there is a fairly wide bid/ask spread.:
And yes, an undesirable color RS selling for $50k over is actually evidence of exactly what I'm saying. The market will slowly bleed down to a range of prices where more cars will start exchanging. The good builds will likely go for $50-75k over or be kept by their owners.
#418
Anyway, I'm a day late and dollar short. Always behind the trends. That's ok. You first movers have fun. I ride the depreciation curve.
#419
Errrr, you just said exactly what I said...
And yes, an undesirable color RS selling for $50k over is actually evidence of exactly what I'm saying. The market will slowly bleed down to a range of prices where more cars will start exchanging. The good builds will likely go for $50-75k over or be kept by their owners.
And yes, an undesirable color RS selling for $50k over is actually evidence of exactly what I'm saying. The market will slowly bleed down to a range of prices where more cars will start exchanging. The good builds will likely go for $50-75k over or be kept by their owners.
#420
Here's a new auction with a "reasonable" reserve price....let's see what happens...
http://www.ebay.com/itm/Porsche-911-...m=291682170319
http://www.ebay.com/itm/Porsche-911-...m=291682170319
I think you should be able to get this Martha Stewart stuff thrown in when you plunk $275K on the RS he (she?) is keeping out back.