Prices continue to be strong for 7.1 GT3s
 

Wow!

that price makes no sense. i can see a lot more GT3s showing up on there now.
bringatrailer of money.

If we are going to be seeing 200K 991.2 GT3's, (and we are), it makes perfect sense.

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.

Agreed.

If this is actually real and someone pays 130k for that car, they are a fool. Plenty of other 997.1/2 GT3s out there in better condition for less money.

Dang Time to list my 20k mile 997.1

Considering putting my 997.2 RS on the site

The market is speaking

Agree with the new GT3 pricing. Even base 911s!

I do remember when the 991.1 3rs was trading 100-150k over list; the 997 rs’s started to jump some. But this does seem like an all time high for 997.1 gt3s; they haven’t seen this level since they were new. Looking like .1 and .2 cars (gt3 and RS) are all but flat.

The spread between bottom and top of 997 GT lineup is compressing. 4.0s are probably the furthest off their highs. 996/997.1 gt3s making new highs.

Likewise. Do they accept Canadian cars?

I saw this auction, I was rather surprised. The last two Gen 1s have gone for $110k and $130k respectively. I wonder where that puts 997 Gen 2 cars. The market has gotten a bit soft since the summer for most 997 GT3s but are 997 Gen 1s getting more valuable?

I love both generations of 997 GT3 and chose the Gen2 purely on “relative value”. I think the gen2 is the better looking car but aside from, the subjective, it is undeniably the fastest, most advanced version of the great Metzger motor and car to wear a Metzger motor which is a definitive part of Porsche history and ethos. Is the market telling me I am wrong?

had to pull the trigger with my air cooled as the market was just too good. got 4x my purchase price.

Agreed. I'm wondering if there is just more data on the 997.1 cars vs. the .2s because more .1 cars have been on the market. If anything the .2 should have a premium on the .1. I don't know why they wouldn't.

I think that premium is and will continue to get tighter over time. The performance difference in another 10yrs will be negligible. They will both be different versions of slow, clunky and throw-back feel. I’m coming from it unbiased as I have a gen 1 and gen 2 997 GT Car. I like both gens for different reasons. I think the 997.2 plane Jain gt3 is the softest/most mellow of all the 997 3/rs variants; it’s the best DD roadcar.

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.

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.

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.

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?

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.

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

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’s fishy

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.

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 $$$.

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.

and do what with the cash.........??????

just enjoy the car. More drives. Play on track days.

I CAN'T HEAR YOU OVER THE SOUND OF FLYWHEEL CHATTER AND THE LEGENDARY NOISE COMING FROM MY MEZGER ENGINE

Yes it is. I am not a dealer but have access through a friend.

Hmmm... You can also buy a 991 turbo S for 130K but some will opt for a 993TT for 160K. Do you want to tell them 'blah blah air cooled, blah blah raw' also?

I kinda like my 997.1 GT3 and 993TT.

apples and spaceships

so true.. Just spend it on something else.. get bored if it and start looking for a 997 gt3 again. Lol. Already played that scenario out in my head today..

I can say for certain if that dealer is involved, there is something fishy going on. That is the same business that was "Speed Sports" previous: https://www.dealerrater.com/dealer/S...-review-27941/

I think those brief reviews speak for itself, and with the name now being changed - also, have first hand experience with this group that was not favorable in any way.

Here we go again....if this hits 130 i'm putting my white 2007 with 21k miles up on the BAT ASAP.


https://bringatrailer.com/listing/20...che-911-gt3-6/

Youll know in a week!

For what it’s worth:

Owned a 996 GT3 and loved it. Sold it for my current 997.1 GT3 and totally love it !

Been following everything on the 991.1 GT3 for a while now, stats, videos, reviews, the noises it makes, the drive and how much better it is than the 997 And so on.

Made an appointment at pfaff to drive one with PCCB, sport buckets, etc. I told myself I shouldn’t do this, knowing that I am going to drive the 991 and do whatever it takes to buy it! Especially with the extended warranty now !

Long story short, drove the 991 and thought to myself “my 997.1 GT3 is legit the better car�. Since that day I have zero desire to purchase a 991.1 GT3. I do feel like PDK was a big reason, although the rawness of the 997 is what is so special. The best thing about the 991 and all modern Porsche’s is how luxurious these vehicles are becoming. The companies direction is clearly focused on luxury, interior fit and finish and day to day usability rather than pure rawness. It’s evident in the entire porsche range.

I preferred the 991.2 Turbo over the my 997.1 modded Turbo and over the 991 GT3 as well: the new turbos are incredible !

These cars not only are way few in numbers, especially in Canada, but are simply way better cars when it comes to porsche Motorsport heritage period. Put a sharky track exhaust on it and it takes it to another level.

997.1 will be worth more than the 991.1 as it should be and is genuinely undervalued.

The 997.1 market has been repressed for a
While. It drives very similar to the 997.1 rs but doesn’t get that credit.

I personally think the 997.1 barrow body is also the prettiest of the series but that is subjective. It’s slinky and foxy.

It’s funny to me that people thought the gt4 would kill the interest in 997 Gt cars, then it was the 991 rs... that did t work either. Now people saying the 991.x will do it because it’s manual. I doubt it.

The 997 cars are finding their way into holder hands. The newer cars are more spec from what I can see.

Yes, I am biased but I have to agree. I was an air-cooled Porsche guy for 40+ years but this one has been life-changing.

https://cimg3.ibsrv.net/gimg/rennlis...efc3c750df.jpg

I agree. Loved my 76 with a strong 3.2 euro engine in it..... But since I've got my .1 gt3. I haven't even started my "hotrod" since june.

stock or backdated? :-)

not back dated. It' the one in my avatar. Factory non sunroof ice green car. Coffin seats . Every wevo part and rennline valve covers. Arp bolts in engine. New ssi and dansk. Nothing crazy just a solid fast (keeps up with or faster then a few 997 c4s I drive with) car. Sc flairs. Fuchs 7x16 8x16. Re11s. Can kick it up for 500km drives and dosent miss a beat. But the gt3 has stolen all my time. So it sits now. Just writing this makes me want to drive it tho. Lol

No interest in the 991.1. Based on the high numbers built and the issues with the engine - would anticipate futhrer decline in value.

88.5K I wouldn't let mine go for that. Still wondering how the black one went for 130k, must have had the frunk stuffed full of coke.

Agree. I have driven all variants and the 997.1 is my favorite, just pure fun to drive. My hope is to own a 997.1 GT3 for a long time.

I've had mine five years now, street only, no track. Almost sold it twice but eventually I came to my senses and decided to hang onto it indefinitely. It's future value is a non-issue for me. This is the first non-air cooled Porsche I've kept for more than a relatively short period of time and while it is not nearly as raw as, say, a 3.2 Carrera, the 997.1 GT3 does a pretty darn good job of capturing (and exceeding) the essence of what what was so mesmerizing about those wonderful luftgekühlt Porsches. I cannot say that about a modern non-GT Porsche.

So, what do I like most about the 997.1 GT3? The simple, clean styling, the free-revving and near-bulletproof Mezger engine, the sound, the rifle-bolt shifter, the relatively compact size, the ease of general maintenance, the cornering and acceleration, the interior comfort and ergonomics and it's relative affordability. Bang for the buck, if you will. For the money, there is just no other car out there that I would rather have.


https://cimg0.ibsrv.net/gimg/rennlis...1b27d869c3.jpg

[QUOTE=jackb911;14657439]I've had mine five years now, street only, no track. Almost sold it twice but eventually I came to my senses and decided to hang onto it indefinitely. It's future value is a non-issue for me. This is the first non-air cooled Porsche I've kept for more than a relatively short period of time and while it is not nearly as raw as, say, a 3.2 Carrera, the 997.1 GT3 does a pretty darn good job of capturing (and exceeding) the essence of what what was so mesmerizing about those wonderful luftgekühlt Porsches. I cannot say that about a modern non-GT Porsche.

So, what do I like most about the 997.1 GT3? The simple, clean styling, the free-revving and near-bulletproof Mezger engine, the sound, the rifle-bolt shifter, the relatively compact size, the ease of general maintenance, the cornering and acceleration, the interior comfort and ergonomics and it's relative affordability. Bang for the buck, if you will. For the money, there is just no other car out there that I would rather have.
/QUOTE]

I agree with what you say. There is just another car I would say that fits the "bang for the buck" category, and that is a 997 Turbo Manual which shares a Mezger too. For $70k you can get a garage queen with enough torque to pull your eyeballs out, you get the idea.

Interesting point there thxbuff.
If you're into max acceleration, the Turbo will take you there.

But, the GT3 has the instantaneous pedal response of the naturally aspirated Mezger and an added 1800 rpm to red-line.
That....... is a huge part of the experience.

I have a .2 RS so I get what youre saying about the NA but I beg some of you, just for a 997 TT, try driving one.

You would not believe the experience. A GT3 and a TT are different animals.

But you cannot do 60 mph to 80 mph on 6th gear in 1 sec for a GT3, not even my RS.

Looks like i'll be selling mine
https://cimg1.ibsrv.net/gimg/rennlis...e6d1492477.jpg

Prices for 997 GT3's continue to be supported by unscrupulous dealers asking 20K+ over MSRP on 991.2 GT3.

I'm in the running for a 991.2 GT3 @ my dealer, assuming I was willing to pay them the 20K over ask they are looking for, with my relatively meager config and sales tax I would be well over 230K CAD... by contrast a relatively low mile and well cared for 997.1 GT3 for 130K CAD represents a bit of a bargain IMO.

I dont think youll have a hard time. Don't see many Speed Yellow cars come up for sale. Looks really nice!

Can you post any interior pics?

A bit of an emotional subject. However, everyone wants to think their cars are going strong with resale value and the truth is that the lower production numbers make it difficult, at best, to determine a trend. Harder still with a datapoint of one, as stated in the original post.

The truth of the matter is that any real increase in value won't happen for another decade or two and the drivers for that are not going to be easy to determine. The sudden rise in the air-cooled cars was probably fueled by Boomers and Generation Xs that finally accrued sizable wealth, then it became a trend.

Go to the 996 GT3 board and they will try to convince you that these cars will suddenly jump in price because they are the last of the true raw GT cars. The 997 board will tell you the same precisely for the same reason when compared to the 991. Wait five years and see what the 991 board says.

Every generation of the GT cars are special and each newer generation gives something better to the market as far as performance goes. You can't knock that. People find their own level based on their available capital and personal preferences and dig deep to justify their position by what are really trivial differences in the marque when you think about it. They are all Porsches and every turn of the wheel improves performance, which is the only real reason Porsche can offer to trade up.

Maybe in twenty years my GT3 will be worth something, but I'm not holding on to it as part of an investment portfolio, so with 127K on the clock I am just driving the hell out of it. That's what Porsche intended for it.

yes..1000%

Marv- well said

And that there my friends is a wise man telling the truth, thank you Marv.

I also think that all of us, myself included, that drive them selectively as not to "devalue our assets", may one day feel stupid for not having enjoyed them to the fullest.

I lot of people value cars based on selling price. What people dont see is how much use they got from the car.

If a car had 60k miles on it and sold for $50k and a car with 8k miles sold for $80k miles which one was more valuable? Both may have MSRP of $140k.

The person that got 60/50 got more from the car I think. Experience is more valuable. I have more than 1 car at a time but I drive atleast 25-30k miles per year.

I make sure those miles are memorable miles. So when its time to sell, even if I get $50k, those memories are priceless and I even got $50k as pocket money.

Enjoy it

#STILLNOTSELLING
#DRIVEYOURPORSCHES

That's awesome you have 127k on the clock!

Yeah, still the original clutch, too, but the heater just went bad, sending coolant smell into the cabin. Looking forward to getting it back tomorrow and continuing the journey.

This car has been relatively problem free all its life, in spite of being a high performance vehicle. We are not afraid of taking it everywhere—and we do! That really says something about Porsche.

Very true Marv! I would like to find a decent GT3 at a fair price and drive it till the wheels come off. There was a point within the last year when 996 GT3's were in the 50-60K range. Then when one dealership lists a clean low mileage 996 GT3, majority of the dealers adjust their prices.

Another constant hurdle I've noticed when shopping around for a 997 GT3 is the flip game from one dealership to another in conjunction with the additional markup. I get it, they are in the business to make money but it's kind of sad to see low mile GT3's sit for months yet dealerships keep the prices firm.

https://bringatrailer.com/listing/20...che-911-gt3-5/

124k MSRP, 8k mile example, perfect overrev report, etc...........Sold for 90k plus fees. Thats in line with where the market is going on these cars. That puts anything with 30K plus miles in the 80-85k range.

interesting that Switch Cars bought this latest one.

if they turn around and relist, seems it would be hard to ask much of a premium over what they paid.
or maybe they sit on it for awhile and wait til spring when the GT3 money flows more freely. :)

The 997 GT3 is a special car whose value will continue to rise as long as we have fuel available to drive them. The prices being paid now will look paltry in 10 years. Trust me, I sold a 964 Turbo for 57K and a 993TT for 95K. I know how to lose money on special cars!

We don't know if the car will be resold, but even if it does, most private sales don't end up selling at the asking price.

That makes it difficult to judge true market value. Also, the lower production numbers of the GT cars tends to make the true market value fuzzy.

Im hoping to sell my 997.1 to fund my new incoming one

Seriously? 5 minutes of research online could have sorted that out for him. That black one was clearly bogus.

Why people buy things that are not one offs in an auction setting is beyond me. You pay high fees, are restricted by time and in the case of a 997.1 if you look hard enough and open your wallet you can strike a deal.

There is no free lunch. Ever.