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It's a C4S so in my mind that should put it in the low 30's. I've sold a car on BaT and I've bought three there, including my targa. Which is to say that I know how they are with reserves.They lowball; they don't get paid unless the car sells. So the question for me becomes, how did this seller manage to get such a high reserve on this car?
Yes. I didn't think about the price bump for a C4S compared to a normal coupe. Also, looking at the interior more closely, it's not as good as I thought at first. I love the black & tan look but the crests don't look as good close up. The red stitching is too much with the black & tan. Too many colors.
Given how low BaT's sell-through rate is, they're not lowballing. Sellers are not being realistic.
My direct knowledge is that they pressure sellers to set low reserves. Current conditions are a little skewed because prices are coming down fairly quickly for many cars, and it's possible that BaT is behind that curve -- as well as sellers of course.
I looked at sell through rates and there is a gigantic caveat in that the numbers are all self-reported. However BaT self-reports numbers that seem in line with the industry.
Given how low BaT's sell-through rate is, they're not lowballing. Sellers are not being realistic.
Hah. Many bought at peak pandemic prices as an "investment" looking to get a return. Others are just slapping a car on BAT that hasn't been properly serviced for years expecting top dollar. Some are a combination of both.
But throw up a brightly colored car with aero and everybody forgets to look under the hood and bids it to the moon. Quite frankly, if you dont need a brighly colored paint job, it's a buyers market.
Hah. Many bought at peak pandemic prices as an "investment" looking to get a return. Others are just slapping a car on BAT that hasn't been properly serviced for years expecting top dollar. Some are a combination of both.
But throw up a brightly colored car with aero and everybody forgets to look under the hood and bids it to the moon. Quite frankly, if you dont need a brighly colored paint job, it's a buyers market.
I think you hit the nail on the head. I believe the market was set by mediocre cars and now we’re 4yrs past pandemic prices. People who really want a 996.X know exactly what they’re looking for and the available cars don’t meet the criteria but the prices haven’t caught up.
But throw up a brightly colored car with aero and everybody forgets to look under the hood and bids it to the moon. Quite frankly, if you dont need a brighly colored paint job, it's a buyers market.
So true. I also think with BAT it has a lot to do with timing. It seems as though week in and week out there are 996 auction results that surprise me. There was an atomic silver 996.1 Coupe w/AT last week that sold for $26,500 before fees and shipping. No IMS upgrade, mileage around 45k.
So true. I also think with BAT it has a lot to do with timing. It seems as though week in and week out there are 996 auction results that surprise me. There was an atomic silver 996.1 Coupe w/AT last week that sold for $26,500 before fees and shipping. No IMS upgrade, mileage around 45k.
Timing (start / end of auction), spec variations, and the growing or declining demand of "X" car/series as time goes on. I'm not old enough to have experienced this, but have heard older guys say they've bought and sold 993's/964's for "nothing" (whatever that actually means for the times) back in the day.
Lots of 996's were made so prices still make majority available to the average car person, but then the more specific specs start to change things. The glacier white aero on black got $49k while the Biarritz white aero on savannah got $40k, with fairly similar milage.
I guess it's the low miles? :shrug: Plus there always seems to be someone who thinks black/black is the shiznitz, something I never understood.
If I pay attention to all that I read low mileage on Porsches seems to put these cars at greater risk of IMS failure, bore scoring, and more. So I don’t see why it’s something that drives up prices.
Wow, this is a near museum-quality, low miles (12K) early build going for almost $45k. What a beauty.
Beauty indeed. Mixed feelings for me though because to start really driving and enjoying it I would need to have it thoroughly inspected, all fluids exchanged, a bore scope maybe? But is a garage queen 996 collectible? Is this an investment somehow? I just don’t see it sitting in some climate controlled collection but maybe I don’t know what I’m talking about because I’d much rather buy the 41,000 mile example that I just picked up for HALF the amount this one is selling for and I want to drive it drive it drive it.
If I pay attention to all that I read low mileage on Porsches seems to put these cars at greater risk of IMS failure, bore scoring, and more. So I don’t see why it’s something that drives up prices.
It really depends, like with anything else, and the current/previous ownership. Mine is relatively low mile still (bought at 23k to now ~35k many many years later) but it's driven every/bi-weekly to keep things moving and maintenance (LN IMSB replacement for instance) are done on normal frequency. May not be the case all the time, but lower mileage doesn't always mean uncared for or undriven.
07-18-2024 | 04:24 PM
