Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

BAT Auction Thread

Thread Tools
 
Search this Thread
 
Old 05-22-2020 | 06:28 PM
  #3061  
raidersfan's Avatar
raidersfan
Three Wheelin'
 
Joined: May 2016
Posts: 1,312
Likes: 154
From: PAC NW
Default

How about a side bet on the reserve?
The following users liked this post:
TheTorch (05-22-2020)
Old 05-22-2020 | 06:57 PM
  #3062  
TheTorch's Avatar
TheTorch
Burning Brakes
 
Joined: Aug 2019
Posts: 1,212
Likes: 398
From: SF Bay Area
Default

Originally Posted by raidersfan
How about a side bet on the reserve?
https://bringatrailer.com/listing/20...he-911-gt3-26/

"FEQUENT" FORGOTTEN RULES
1-$250 minimum bid spread
2-Bids must be placed 48 hours before auction. One "mulligan" late guess per person if you forget


Guesses:

$86,000 - JVinPortland
$86,500 - Alfnado
$87,500 - wolfsburgde
$88,000 - ThunderRolls
$88,500 - KevinA
$89,000 - groovzilla
$89,250 - mjsporsche
$89,500 - floatingfish
$89,750 - TheTorch (
Reserve bet: $95,000)
$90,000 - zaubersonne
$90,500 - jimfuerst
$91,000 - tinroof
$91,500 - Big Swole
$92,000 - Raidersfan
$92,250 - ilovemaui

$92,500 - Bloose993tt
$92,750 - street rod
$93,000 - Hindsigh2010
$93,500 - Vincent713
$94,000 - ManoTexas
$100,000 - linderpat


Wins:
Big Swole = 9
bgoetz = 6
Bloose993TT = 5

street rod = 5
floatingfish = 5
linderpat = 5

wolfsburgde = 4
groovzilla = 4
Vincent713 = 4

Kellen = 3

jimfuerst = 3
Jeebus31 = 2
3404 = 2

GPappy = 2
Bronz = 1
zygomatic = 1
ilovemaui = 1
driggity = 1
C4S Dayton = 1
Hindsight2010 = 1
ThunderRolls = 1
UnoMas = 1
TheTorch = 1
Catharpin = 1
hatchetf15 = 1
Old 05-22-2020 | 07:55 PM
  #3063  
GPappy's Avatar
GPappy
Racer
 
Joined: Jul 2017
Posts: 484
Likes: 112
From: Grand Rapids, MI
Default

Originally Posted by raidersfan
How about a side bet on the reserve?
How would you know? Only thing I have seen is it sold or it was RNM. Never saw the reserve published.
The following users liked this post:
TheTorch (05-22-2020)
Old 05-22-2020 | 08:01 PM
  #3064  
TheTorch's Avatar
TheTorch
Burning Brakes
 
Joined: Aug 2019
Posts: 1,212
Likes: 398
From: SF Bay Area
Default

Originally Posted by GPappy
How would you know? Only thing I have seen is it sold or it was RNM. Never saw the reserve published.
This is like a calcutta bet, but with RNM. i.e., we would only really be able to bet on a value it ends at that is RNM. Just going to confuse everyone more than usual probably. Oh well.

Last edited by TheTorch; 05-22-2020 at 08:02 PM. Reason: typo
Old 05-26-2020 | 09:19 AM
  #3065  
linderpat's Avatar
linderpat
Rennlist Member
 
Joined: Nov 2006
Posts: 14,554
Likes: 2,478
From: Pittsburgh, PA
Default

Wow, been pretty quiet on this thread; no activity for 4 days! Nice weather and holiday weekend - I hope everyone was doing car stuff! The subject car is at $69K. Long way to go.
Old 05-26-2020 | 11:41 AM
  #3066  
Hindsight2010's Avatar
Hindsight2010
Pro
 
Joined: Sep 2019
Posts: 550
Likes: 169
From: L5P - Atlanta Georgia
Default

Originally Posted by linderpat
Wow, been pretty quiet on this thread; no activity for 4 days! Nice weather and holiday weekend - I hope everyone was doing car stuff! The subject car is at $69K. Long way to go.
Took mine down Tail of the Dragon. First time... what a blast!

As for the GT3 - I still think it won't meet reserve.
The following 2 users liked this post by Hindsight2010:
Big Swole (05-26-2020), ThunderRolls (05-26-2020)
Old 05-26-2020 | 11:45 AM
  #3067  
raidersfan's Avatar
raidersfan
Three Wheelin'
 
Joined: May 2016
Posts: 1,312
Likes: 154
From: PAC NW
Default

Originally Posted by Hindsight2010
Took mine down Tail of the Dragon. First time... what a blast!

As for the GT3 - I still think it won't meet reserve.
Yeah, probably reserve at $95k. $100k all-in isn't a "deal" for a black GT3. There was an absolutely sweet "storm trooper" version with similar miles in outstanding condition in Sacramento that sold for $110k last month. It had contrasting white seatbacks and white trim pieces and was probably the best .2 GT3 I have seen.
Old 05-26-2020 | 11:46 AM
  #3068  
raidersfan's Avatar
raidersfan
Three Wheelin'
 
Joined: May 2016
Posts: 1,312
Likes: 154
From: PAC NW
Default

Originally Posted by GPappy
How would you know? Only thing I have seen is it sold or it was RNM. Never saw the reserve published.
Sometimes the seller will note "reserve has been met" but you are right: there is no way to tell.
Old 05-26-2020 | 12:45 PM
  #3069  
Big Swole's Avatar
Big Swole
Rennlist Member
 
Joined: Aug 2017
Posts: 7,316
Likes: 2,136
From: GA
Default

This car was bid to $93K last time and did Not meet reserve. I bet they LOWERED reserve for this one. Esp. during these times.
Old 05-26-2020 | 01:49 PM
  #3070  
GPappy's Avatar
GPappy
Racer
 
Joined: Jul 2017
Posts: 484
Likes: 112
From: Grand Rapids, MI
Default

https://bringatrailer.com/listing/20...he-911-gt3-26/

"FEQUENT" FORGOTTEN RULES
1-$250 minimum bid spread
2-Bids must be placed 48 hours before auction. One "mulligan" late guess per person if you forget


Guesses:

$86,000 - JVinPortland
$86,500 - Alfnado
$87,500 - wolfsburgde
$88,000 - ThunderRolls
$88,500 - KevinA
$89,000 - groovzilla
$89,250 - mjsporsche
$89,500 - floatingfish
$89,750 - TheTorch (
Reserve bet: $95,000)
$90,000 - zaubersonne
$90,500 - jimfuerst
$91,000 - tinroof
$91,500 - Big Swole
$92,000 - Raidersfan
$92,250 - ilovemaui

$92,500 - Bloose993tt
$92,750 - street rod
$93,000 - Hindsigh2010
$93,500 - Vincent713
$94,000 - ManoTexas
$100,000 - linderpat


Wins:
Big Swole = 9
bgoetz = 6
Bloose993TT = 5

street rod = 5
floatingfish = 5
linderpat = 5

wolfsburgde = 4
groovzilla = 4
Vincent713 = 4

Kellen = 3

jimfuerst = 3
Jeebus31 = 2
3404 = 2

GPappy = 2
Bronz = 1
zygomatic = 1
ilovemaui = 1
driggity = 1
C4S Dayton = 1
Hindsight2010 = 1
ThunderRolls = 1
UnoMas = 1
TheTorch = 1
Catharpin = 1
hatchetf15 = 1


Last edited by GPappy; 05-26-2020 at 02:51 PM.
Old 05-26-2020 | 01:53 PM
  #3071  
raidersfan's Avatar
raidersfan
Three Wheelin'
 
Joined: May 2016
Posts: 1,312
Likes: 154
From: PAC NW
Default

Originally Posted by Big Swole
This car was bid to $93K last time and did Not meet reserve. I bet they LOWERED reserve for this one. Esp. during these times.
That is what I figured as well, but after thinking about it, I am not sure now. A lot of cars aren't hitting reserve anymore

When I inquired about listing mine, the reserve was basically set at 5% over wholesale. It was a 997.2 manual and would have had no problem clearing reserve, but their attitude at the time seemed to be "we hold all of the cards; play by our rules or get lost" (I sold it here in the meantime). Now, it seems that they allow for higher reserves; many times above what a mean sale price is expected to be, which doesn't seem like a good business model, as they put a lot of time into listing cars that are of the type that might sell but probably won't. Having a model where the reserve is set at 1/2 of a standard distribution below the mean seems reasonable, provided they have good numbers and a normal distribution; an abnormally low price won't be accepted but something close to the mean will be. They probably have the data by now to do so; they can use the normal distribution developed over the past few years on certain model cars and adjust for current mean pricing. The distribution shouldn't change when adjusted for the mean, unless a PTS premium is factored in (which it shouldn't be as PTS cars are idiosyncratic auctions).

They also accept a lot more cars than they would have previously. They weren't interested in our 991 back then, but now they seem to have several up at any given time. They are also allowing re-listings after a few months, at least on a M3 they recently had up. RNM in January, same car up from the same dealer in May.
The following users liked this post:
Big Swole (05-26-2020)
Old 05-26-2020 | 02:10 PM
  #3072  
Big Swole's Avatar
Big Swole
Rennlist Member
 
Joined: Aug 2017
Posts: 7,316
Likes: 2,136
From: GA
Default

GPappy... I can't remember but have you used your one Mulligan yet?

The Auction ends today in a little over 2 house... I think that's a bit past the 48 hour cutoff...lol
Old 05-26-2020 | 02:24 PM
  #3073  
Catharpin's Avatar
Catharpin
Burning Brakes
 
Joined: Nov 2019
Posts: 1,015
Likes: 568
From: NoVA
Default

Well I guess my guess got dumped.
I didn't check back in and now is too close to end .
Old 05-26-2020 | 02:48 PM
  #3074  
GPappy's Avatar
GPappy
Racer
 
Joined: Jul 2017
Posts: 484
Likes: 112
From: Grand Rapids, MI
Default

Originally Posted by Big Swole
GPappy... I can't remember but have you used your one Mulligan yet?

The Auction ends today in a little over 2 house... I think that's a bit past the 48 hour cutoff...lol

Sigh,
I guess that is what happens when you have a 4 day weekend. Last time I checked there were 4 days left. No i have not nor do i want to. Went through this before and I have no intention of using a mulligan especially this late! I will remove my bid.
Old 05-26-2020 | 02:50 PM
  #3075  
Hindsight2010's Avatar
Hindsight2010
Pro
 
Joined: Sep 2019
Posts: 550
Likes: 169
From: L5P - Atlanta Georgia
Default

If I buy a GT3, it's going to be a black one. It appears to mean getting a 10% discount right off the top! Plus, I love black. Just hate cleaning it.


Quick Reply: BAT Auction Thread



All times are GMT -3. The time now is 08:54 AM.