Prices continue to be strong for 7.1 GT3s
#16
Rennlist Member
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.
#17
Rennlist Member
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.
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.
#18
Three Wheelin'
#19
Thread Starter
Rennlist Member
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!
#20
Rennlist Member
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!
#21
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.
Last edited by ores; 11-27-2017 at 12:37 AM.
#22
Thread Starter
Rennlist Member
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.
#23
I don't think the car was sold for $130,000. It's currently still being offer on CL and www.a-gc.com.
#24
Rennlist Member
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.
#25
I don't think the car was sold for $130,000. It's currently still being offer on CL and www.a-gc.com.
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!
#26
Rennlist Member
It’s fishy
#27
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.
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.
#28
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!
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!
My advise to anyone who has a 997 GT3, drive it and maintain it. The next porsche owner will reward you for it. Big $$$.
#29
Rennlist Member
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
#30
Rennlist Member
Go away with your logic. Rennlisters like to wear their tinfoil hats in a safe space.