Notices
997 GT2/GT3 Forum 2005-2012
Sponsored by:
Sponsored by: Porsche North Houston

Interested in 997 GT3 RS hows market lately?

Thread Tools
 
Search this Thread
 
Old 02-26-2021, 11:32 PM
  #1  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default Interested in 997 GT3 RS hows market lately?

Is it hot right now?

Before covid, clean RS under 5000 miles went for 170k. How are prices now?

Thank you guys. I am back to soccer mom car right now... so I don't know what's going on in p-car world.
The following users liked this post:
pissedpuppy (02-27-2021)
Old 02-26-2021, 11:54 PM
  #2  
RapidGT
Rennlist Member
 
RapidGT's Avatar
 
Join Date: Sep 2018
Location: Massachusetts and California
Posts: 3,512
Received 2,397 Likes on 1,306 Posts
Default

Couple .1 RS’s that sold recently on BaT, but not necessarily a super accurate representation of the market:

https://bringatrailer.com/listing/20...che-gt3-rs-25/

https://bringatrailer.com/listing/20...che-gt3-rs-28/

Last edited by RapidGT; 02-26-2021 at 11:57 PM.
Old 02-27-2021, 12:01 AM
  #3  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Originally Posted by RapidGT
Couple .1 RS’s that sold recently on BaT, but not necessarily a super accurate representation of the market:

https://bringatrailer.com/listing/20...che-gt3-rs-25/

https://bringatrailer.com/listing/20...che-gt3-rs-28/

Thank you!

How are .2 RS prices now?

Old 02-27-2021, 12:05 AM
  #4  
RapidGT
Rennlist Member
 
RapidGT's Avatar
 
Join Date: Sep 2018
Location: Massachusetts and California
Posts: 3,512
Received 2,397 Likes on 1,306 Posts
Default

Originally Posted by Ascend
Thank you!

How are .2 RS prices now?
Hard to say as the market went up for 997 GT cars recently and rapidly. Not many .2 RS’s have sold recently. I would suspect $200k give or take for a sub 10k mile car. This one is up on RM and ends tomorrow:

https://rmsothebys.com/en/auctions/0...-rs-38/1027666
The following users liked this post:
Robocop305 (02-27-2021)
Old 02-27-2021, 09:58 AM
  #5  
Waxer
Nordschleife Master
 
Waxer's Avatar
 
Join Date: Jul 2011
Location: Central New Jersey
Posts: 5,435
Received 816 Likes on 429 Posts
Default

Agreed. They have gone up fairly fast and substantially. Not sure what drove this. I think or surmise it was a combination of:

Pdk domination for GT cars and RSs.

Increasing performance resulting in ever increasing insulation of driver from car resulting in less visceral and connected car and driver experience.

Sheer mass of production of 991GT cars. Not sure of 991RS total production but I believe 10,000+ WW. PAG produced as many as they could to cash in when they realized the high demand. It was no longer making 1 less than demand.

997RS was produced at a time when they had to make just enough to homlogate for FIA and were even worried they would sell them. Only 1500 or so 997.2RSs made. 997.1 RS number is small too.

Size, performance, looks and involvement wise 997 RSs are considered the “sweet spot” of RSs by many.

Mezger engine. Enough said. Hans passed away recently too. Maybe this added to the aura.

Libs pushing Green New deal insanity and many auto makers signing the death warrant of the ICE by 2035.

Very few cars in inventory for sale. Seems many are holding especially the nice ones.


Last edited by Waxer; 02-27-2021 at 10:00 AM.
The following 2 users liked this post by Waxer:
MidModMan (02-28-2021), pissedpuppy (02-27-2021)
Old 02-27-2021, 10:34 AM
  #6  
spiller
RL Community Team
Rennlist Member
 
spiller's Avatar
 
Join Date: Dec 2012
Location: Adelaide, Australia
Posts: 2,571
Received 351 Likes on 217 Posts
Default

Covid has played a huge roll in increased collector car market. People pulling their money out of the banks and stock market, extra money to throw around due to less overseas travel etc etc.
Old 02-27-2021, 11:19 AM
  #7  
-eztrader-
Rennlist Member
 
-eztrader-'s Avatar
 
Join Date: Nov 2009
Posts: 2,942
Received 252 Likes on 137 Posts
Default

Originally Posted by Waxer
Agreed. They have gone up fairly fast and substantially. Not sure what drove this.

I feel its just too much money - chasing too few goods.

The watch market is completely out of control as well

https://davidsw.com/shop/watch/patek...h-blue-dial-9/
Old 02-27-2021, 11:26 AM
  #8  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Interest rate is going up again, stocks down. Hopefully things go back to normal.
Old 02-27-2021, 11:35 AM
  #9  
mchrono
Three Wheelin'
 
mchrono's Avatar
 
Join Date: Jul 2017
Posts: 1,281
Received 425 Likes on 265 Posts
Default

Yes we keep pumping in new dollars which devalues the USD not only against other currencies:


but also against hard assets such as 997s and Rolexes. There is a word economists have for this but it escapes me at the moment.
Old 02-27-2021, 11:57 AM
  #10  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Originally Posted by mchrono
Yes we keep pumping in new dollars which devalues the USD not only against other currencies:


but also against hard assets such as 997s and Rolexes. There is a word economists have for this but it escapes me at the moment.

Inflation? Lol
Old 02-27-2021, 12:13 PM
  #11  
Waxer
Nordschleife Master
 
Waxer's Avatar
 
Join Date: Jul 2011
Location: Central New Jersey
Posts: 5,435
Received 816 Likes on 429 Posts
Default

Most advisers are recommending hard assets.

Hard to say what’s right in a world that is upside down and going sideways.
Old 02-27-2021, 12:39 PM
  #12  
christallon
Rennlist Member
 
christallon's Avatar
 
Join Date: May 2007
Posts: 2,944
Likes: 0
Received 204 Likes on 136 Posts
Default

Imagine... you could take the same money and buy either a GT3 or a Patek. The watch is much easier to store and ship Not as much fun on the open road though...
Old 02-27-2021, 12:49 PM
  #13  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Rm car just sold at 165k

https://rmsothebys.com/en/auctions/0...-rs-38/1027666
Old 02-27-2021, 12:51 PM
  #14  
RapidGT
Rennlist Member
 
RapidGT's Avatar
 
Join Date: Sep 2018
Location: Massachusetts and California
Posts: 3,512
Received 2,397 Likes on 1,306 Posts
Default

Originally Posted by Ascend
It technically sold for $190k as there is a 15% buyers premium on the hammer price. So $190k is the selling price.
Old 02-27-2021, 01:04 PM
  #15  
Ascend
Three Wheelin'
Thread Starter
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Originally Posted by RapidGT
It technically sold for $190k as there is a 15% buyers premium on the hammer price. So $190k is the selling price.
yes but seller only got 140k right? I thought rm had 15 percent sellers premium as well.


Quick Reply: Interested in 997 GT3 RS hows market lately?



All times are GMT -3. The time now is 01:32 AM.