A place to discuss all things ADM
#7831
Not sure what the details are (like if the owner paid an ADM or how much of an ADM) but my guess is that PCNA saw the BAT listing, contacted the dealer, and the dealer contacted the owner. I think it's a fair assumption that a car bought a few months ago that has less than 100 miles on the clock was most likely bought to flip. We've seen these cancelled BAT listings a few other times with GT3s and GT4RSs.
The following users liked this post:
AlexCeres (12-19-2023)
#7832
Oops.
BAT listing: https://bringatrailer.com/listing/20...omments-anchor
BAT listing: https://bringatrailer.com/listing/20...omments-anchor
The following 2 users liked this post by AlexCeres:
RossP (12-20-2023),
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#7833
Not sure what the details are (like if the owner paid an ADM or how much of an ADM) but my guess is that PCNA saw the BAT listing, contacted the dealer, and the dealer contacted the owner. I think it's a fair assumption that a car bought a few months ago that has less than 100 miles on the clock was most likely bought to flip. We've seen these cancelled BAT listings a few other times with GT3s and GT4RSs.
#7834
Rennlist Member
It's not a true handcuffing. Basically PCNA saw that it was being flipped "publicly" which is bad PR since BaT has so many eyes on it, called the selling dealer and told them they will flag the buyer from the system for future allocations and somehow penalize that dealer for selling it to a flipper. Dealer called the buyer and told him that unless he wants to be blacklisted and not get future cars from them he needs to take the auction down. Buyer told BaT he refuses to complete the sale so BaT is taking the car down. Most likely car will now go on consignment to the dealer and dealer will properly flip it.
#7835
RL Community Team
Rennlist Member
Rennlist Member
I'm guessing BAT seller and dealer are, um, one and the same (for all intents and purposes).
#7836
Maybe he got one of those "discounted" ADMs by being a repeat customer? Who the heck knows the full backstory on this but most likely PCNA did not like what was going on and a call made made to the dealer. But I do agree that if the seller paid market ADM he should be able to sell it whenever and however he wants.
#7837
#7839
Rennlist Member
This is an interesting article about the gap between Ferrari’s vs Porsche’s valuation. Porsche stock price down significantly as China slows and they need to make a decision which way they want to go. Can’t have it both ways - sell $250K exclusive cars and $100k mass market SUVs.
Ferrari caters to the super-rich — as opposed to the merely affluent like Porsche — and is seen by investors as a safer port in an economic storm. To recover, Porsche must prioritize exclusivity and high sticker prices. Doing so may require it to forgo potential sales.
full article:
https://www.bloomberg.com/opinion/ar...n=openamericas
Ferrari caters to the super-rich — as opposed to the merely affluent like Porsche — and is seen by investors as a safer port in an economic storm. To recover, Porsche must prioritize exclusivity and high sticker prices. Doing so may require it to forgo potential sales.
full article:
https://www.bloomberg.com/opinion/ar...n=openamericas
#7840
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,286
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This is an interesting article about the gap between Ferrari’s vs Porsche’s valuation. Porsche stock price down significantly as China slows and they need to make a decision which way they want to go. Can’t have it both ways - sell $250K exclusive cars and $100k mass market SUVs.
Ferrari caters to the super-rich — as opposed to the merely affluent like Porsche — and is seen by investors as a safer port in an economic storm. To recover, Porsche must prioritize exclusivity and high sticker prices. Doing so may require it to forgo potential sales.
full article:
https://www.bloomberg.com/opinion/ar...n=openamericas
Ferrari caters to the super-rich — as opposed to the merely affluent like Porsche — and is seen by investors as a safer port in an economic storm. To recover, Porsche must prioritize exclusivity and high sticker prices. Doing so may require it to forgo potential sales.
full article:
https://www.bloomberg.com/opinion/ar...n=openamericas
Porsche does a fine job of engineering cars that are durable, reliable, perform well, and even somewhat practical, priced a notch above Mercedes and BMW. The gap in design and price to McLaren, Ferrari, Lambo, etc. is large. In my area, Porsches are almost as common as Mercedes and BMW, whereas the exotics are rare (exotic).
#7841
RL Community Team
Rennlist Member
Rennlist Member
How does Porsche achieve exclusivity when they're mass producing SUVs, sedans, and 911s? Creating limited edition variants of the mass-produced 911 isn't going to get you there, all 911s are clearly siblings.
Porsche does a fine job of engineering cars that are durable, reliable, perform well, and even somewhat practical, priced a notch above Mercedes and BMW. The gap in design and price to McLaren, Ferrari, Lambo, etc. is large. In my area, Porsches are almost as common as Mercedes and BMW, whereas the exotics are rare (exotic).
Porsche does a fine job of engineering cars that are durable, reliable, perform well, and even somewhat practical, priced a notch above Mercedes and BMW. The gap in design and price to McLaren, Ferrari, Lambo, etc. is large. In my area, Porsches are almost as common as Mercedes and BMW, whereas the exotics are rare (exotic).
A Rolex will never be a Patek.
Porsche is a Rolex. A Ferrari is a Patek.
No one will confuse the two. And certainly not WIS.
#7842
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Location: Mid-Atlantic (on land, not in the middle of the ocean)
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#7843
RL Community Team
Rennlist Member
Rennlist Member
Our neighbors came by this past weekend, got a tour of the house and garage. They're not car people. In the garage, they were laser focused on the McLaren, oohed and aahed, sat in the car, knew the brand. They took no interest in the Porsches, MB, and BMW. We tried to steer them towards the Miami blue 3RS and explain how special the car is, but they just had no interest. 992 TTS rarely gets any attention in the garage, even from car people. Even the 992 GT3 doesn't get much attention, maybe because it's white. It plays out similarly at our local C&C, which is quite large and obviously full of car people, though the GT3 RS does get some attention there (I think mostly because of the color).
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#7844
As much as we don't like to admit it, valuation of brands is based on popularity and desirability. While awesome driving cars is one of the factors that weigh into that equation - it's certainly not the only one. Ferrari's brand is super popular and desirable. When you want to buy a sweet driving Ferrari you're competing against the true enthusiasts (which is a smaller number) and the people who just want to own a Ferrari and, for the hard-to-get cars, the Ferrari that someone told them is hard to get and may increase in value. Porsche certainly has some of that. But I know for a fact that people didn't look twice at my 991.2 Touring but every time they see my bright blue LT, they take pics and ooh and aah. In part, that's why I love 911s. There's a deep appreciation for the engineering.
I think while we argue and troll, most of us on rennlist deeply like the cars for their mechanical worth, not for the looks they get or how popular the brand is. I experience this to the extreme with my real NSX-R - only the real enthusiasts (and even then, the real JDM enthusiasts) understand that they are looking at only 1 of 10 or so NSX-Rs in the country when they see my car in person.
I think while we argue and troll, most of us on rennlist deeply like the cars for their mechanical worth, not for the looks they get or how popular the brand is. I experience this to the extreme with my real NSX-R - only the real enthusiasts (and even then, the real JDM enthusiasts) understand that they are looking at only 1 of 10 or so NSX-Rs in the country when they see my car in person.
The following 5 users liked this post by neoprufrok:
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