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Prices continue to be strong for 7.1 GT3s

 
Old 11-25-2017, 11:10 PM
  #16  
RossP
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Originally Posted by audipwr1 View Post
Considering putting my 997.2 RS on the site

The market is speaking
As someone noted in another thread, there is the BAT market, and then there is the rest of the market. Clearly there are some suckers on BAT, so from a sellers perspective, I would definitely take advantage of that.
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Old 11-26-2017, 02:24 PM
  #17  
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Originally Posted by redmonkey928 View Post
Wasn't this the second time that car was listed on that site - and the first it didnt get much over $80k? Something is definitely not correct in that.

If you search Porsche.com and Cars.com, there is not one 07-08' within $10k asking price of what this car sold for. $119k being the highest on those sites, and you can't tell me a 19k mile car is a car that deserves the highest market price.

Not doubting the resale is good on these, just questioning the validity of this sale.
Since it was a dealer listing on BAT, I would not be surprised if there was shill bidding going on and the high bidder was a friend of seller
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Old 11-26-2017, 02:53 PM
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Originally Posted by jvmax View Post
Since it was a dealer listing on BAT, I would not be surprised if there was shill bidding going on and the high bidder was a friend of seller
BAT takes 5% up to $5k from the buyer automatically. Expensive shill.
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Old 11-26-2017, 02:56 PM
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I'm guessing true market for a car in that condition is $110-115ish. It's a 2008 with low miles, no mods, clean DME, no track, etc. Good for the seller if they got $130K but I can't imagine anybody is thinking that 130K is the mark. That being said I'll be putting my 2007 car in same condition with 21K miles on the market once my 991.2 GT3 comes in. I certainly won't turn down any offers like that!
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Old 11-26-2017, 11:02 PM
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Originally Posted by RSA964993 View Post
I'm guessing true market for a car in that condition is $110-115ish. It's a 2008 with low miles, no mods, clean DME, no track, etc. Good for the seller if they got $130K but I can't imagine anybody is thinking that 130K is the mark. That being said I'll be putting my 2007 car in same condition with 21K miles on the market once my 991.2 GT3 comes in. I certainly won't turn down any offers like that!
Earlier in November a 997.1 GT3 with 8k miles (mint condition, better/more options, 122k msrp etc) sold on BAT for $110k. That car is the absolute top of the market IMO. The one that just sold for 130k was probably only really worth $90-95k tops especially considering its condition (interior had some rough spots). Keep in mind this same car had been on Ebay and BAT before and never got past reserve price which is what has me questioning the legitimacy of this whole thing.
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Old 11-27-2017, 12:17 AM
  #21  
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Originally Posted by Rosspbig View Post
Earlier in November a 997.1 GT3 with 8k miles (mint condition, better/more options, 122k msrp etc) sold on BAT for $110k. That car is the absolute top of the market IMO. The one that just sold for 130k was probably only really worth $90-95k tops especially considering its condition (interior had some rough spots). Keep in mind this same car had been on Ebay and BAT before and never got past reserve price which is what has me questioning the legitimacy of this whole thing.
Just thought I would mention that on manheim an 08 sold for 100K recently (similar miles) and an 07 sold for 95K (also ballpark miles). This car, the 2008, had great professional photos and a nice video which, imho, has a lot to do with why it sold for 130K. BAT adds comments to the auction, and some buyers get really sucked in to the whole experience. This is why BAT is so successful - it's a community, unlike ebay. I think it was a real sale because as several mentioned, the buyer is already out 5K by winning the auction - why would anyone want to lose 5K?

Last edited by ores; 11-27-2017 at 12:37 AM.
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Old 11-27-2017, 10:46 AM
  #22  
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Is Manheim a dealer only auction? I know some of the other auctions the public (BAT and the big auction houses) are accessible without a dealers license.
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Old 11-27-2017, 03:26 PM
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I don't think the car was sold for $130,000. It's currently still being offer on CL and www.a-gc.com.
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Old 11-27-2017, 03:34 PM
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Originally Posted by Chen
I don't think the car was sold for $130,000. It's currently still being offer on CL and www.a-gc.com.
Did you call? I did and it's sold
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Old 11-27-2017, 03:42 PM
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Originally Posted by Chen View Post
I don't think the car was sold for $130,000. It's currently still being offer on CL and www.a-gc.com.
It could be because he hasnt taken the ad down yet.

I dont doubt it was sold, but 130k is miles away from where the market seems to be. I am in the market for a 997GT3 but wasn't actively looking just yet. I have spoken to sellers, and have been watching the market for the last 3-4 months. They seem like slow sellers, high asking prices, and barely any are moving. Then this one comes along and sells for what I believe to be $30-$35,000 over market plus the 5% buyers fees. Its nuts. This car cost the buyer $136,500 plus shipping if any. If its received and need paint correction, or any little service it simply ads to the cost.

The same car was offered on Ebay weeks earlier and ended with a $80,100 bid!
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Old 11-27-2017, 04:31 PM
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It’s fishy
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Old 11-27-2017, 06:11 PM
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The calm before the storm?
Is this the start off another market spike? Auctions like this is what speculators watch.
If it sold for for $130, then thats a new level for the car. The rest of the 997 GT will follow.
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Old 11-27-2017, 06:15 PM
  #28  
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Originally Posted by motopt22 View Post
It could be because he hasnt taken the ad down yet.

I dont doubt it was sold, but 130k is miles away from where the market seems to be. I am in the market for a 997GT3 but wasn't actively looking just yet. I have spoken to sellers, and have been watching the market for the last 3-4 months. They seem like slow sellers, high asking prices, and barely any are moving. Then this one comes along and sells for what I believe to be $30-$35,000 over market plus the 5% buyers fees. Its nuts. This car cost the buyer $136,500 plus shipping if any. If its received and need paint correction, or any little service it simply ads to the cost.

The same car was offered on Ebay weeks earlier and ended with a $80,100 bid!
It think really the 997 GT3 is an undervalued car. So at this point, pricing will fluctuate.
My advise to anyone who has a 997 GT3, drive it and maintain it. The next porsche owner will reward you for it. Big $$$.
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Old 11-27-2017, 06:49 PM
  #29  
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Originally Posted by thxbuff2001 View Post
The calm before the storm?
Is this the start off another market spike? Auctions like this is what speculators watch.
If it sold for for $130, then thats a new level for the car. The rest of the 997 GT will follow.
reg gt3? ha! no. when u can get a 991.1 gt3 with a 10yr warranty for ~$130k no market is supporting that except for cherry examples. "but blah blah mezger..blah blah raw...." sry not happening
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Old 11-27-2017, 06:52 PM
  #30  
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Originally Posted by nwGTS View Post
reg gt3? ha! no. when u can get a 991.1 gt3 with a 10yr warranty for ~$130k no market is supporting that except for cherry examples. "but blah blah mezger..blah blah raw...." sry not happening
Go away with your logic. Rennlisters like to wear their tinfoil hats in a safe space.
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