997 GT3 price bubble bursting?
#256
Burning Brakes
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I'll say it again from a guy who literally just sold his clean no stories GT3 with all the right parts and is tracking every RS sale happening you guys are optimistic on the value - don't care abut speculation of the future - what is happening today 997.2 RS with 20k just sold this week at 145k no stories no over revs Two 997.1 GT3s both with just under 20k both no stories a few range 2s sold for 90 each in the last 3 weeks That's the market today at this minute
I respectfully disagree with your assessment. You are characterizing the bottom 10-20% of the market only.
Btw - Don't just watch rennlist. Btw there was a .1 gt3 atlas grey friends car with 6k miles that sold for 114k in the last two weeks.
#257
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I respectfully disagree - I watch them all not just rennlist
My car was most definitely not the bottom market car you say
114k for a 6k mile is a stupid buy
My car was most definitely not the bottom market car you say
114k for a 6k mile is a stupid buy
#258
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Everyone has there own opinion, no one really knows. A lot of cars sell and the majority of the time the sales price is not disclosed. The market is a mystery, tracking any sales you just end up with a graph not an accurate prediction.
Last edited by FLT6SPD; 01-30-2016 at 10:44 PM.
#259
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I'll say it again from a guy who literally just sold his clean no stories GT3 with all the right parts and is tracking every RS sale happening you guys are optimistic on the value - don't care abut speculation of the future - what is happening today
997.2 RS with 20k just sold this week at 145k no stories no over revs
Two 997.1 GT3s both with just under 20k both no stories a few range 2s sold for 90 each in the last 3 weeks
That's the market today at this minute
997.2 RS with 20k just sold this week at 145k no stories no over revs
Two 997.1 GT3s both with just under 20k both no stories a few range 2s sold for 90 each in the last 3 weeks
That's the market today at this minute
Assuming that the car was a clean no story example, does that transaction dictate the market and hence the next guy with a similar car needs to sell for same?...and if this guy is not selling for anything less than $200, and someone else steps up and pays the price, then wouldn't that transaction reset the market yet again?
I know a 997.2 GT3, Black with 5 k miles sold in CT for $135...this was mid December. What does that tell me about the next 997.1 with 10k miles?...absolutely nothing. The value is what someone will pay for it.
Often times we'll say someone else overpaid because admiting that we've undersold could be painful.
#260
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
As stated, people that are looking will try to make the market look lower. People that are selling will make it look higher. In the end, every GT3 sells for what it's worth based on its color/condition. Without personally looking at every car sold, one cannot determine its true condition.
My GT3 has 36k miles. I would put it up against any GT3 with 16k miles. Most might not even consider it worth what I think it's worth but if they were to look at it, they would understand.
My GT3 has 36k miles. I would put it up against any GT3 with 16k miles. Most might not even consider it worth what I think it's worth but if they were to look at it, they would understand.
#261
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
This market with the current conditions is a tad unpredictable. Since GT3/RS's are not cheap $20k-30k cars, they are bought and sold on a much different, non-regular basis. So each case/sale is much more unique to speak of. It all depends on if the buyer thinks it is worth the price.
Most RS's that command a premium and asking over $180k are examples with quite low miles (most with less than 5k miles), and are still considered collector cars. Most buyers at this price range buy with the intention of keeping them, and probably will consider selling if the price is too appealing. People who want to drive them usually are not as picky and don't mind higher mileage ones which don't command such a premium.
There are cars on the market for every type of potential buyer, the question is: is it worth the price for you? This is the main concept that people have to understand. To me personally spending $200k for a .2 RS seems crazy, I'm not that rich. Even if I could afford one somehow, I'd never be able to track it due to fear of wrecking it. Even though my Gt3 is not really cheap either I feel less guilty taking her to the canyons or to the track. To some paying $100k for a GT3 seems crazy. It's all relative to the person.
My car was on the higher end when I bought her two years ago (10k miles, clean for $115k), but I didn't find many listed for sale at that time and she was 5 mins away from my home. The options were nice as well, so I pulled the trigger. Could I have found a better deal if I waited? Sure. Do I regret any part of my decision? No.
Most RS's that command a premium and asking over $180k are examples with quite low miles (most with less than 5k miles), and are still considered collector cars. Most buyers at this price range buy with the intention of keeping them, and probably will consider selling if the price is too appealing. People who want to drive them usually are not as picky and don't mind higher mileage ones which don't command such a premium.
There are cars on the market for every type of potential buyer, the question is: is it worth the price for you? This is the main concept that people have to understand. To me personally spending $200k for a .2 RS seems crazy, I'm not that rich. Even if I could afford one somehow, I'd never be able to track it due to fear of wrecking it. Even though my Gt3 is not really cheap either I feel less guilty taking her to the canyons or to the track. To some paying $100k for a GT3 seems crazy. It's all relative to the person.
My car was on the higher end when I bought her two years ago (10k miles, clean for $115k), but I didn't find many listed for sale at that time and she was 5 mins away from my home. The options were nice as well, so I pulled the trigger. Could I have found a better deal if I waited? Sure. Do I regret any part of my decision? No.
#262
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
#263
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Congrats on a nice find.
I know I'm happier with an RS in my garage than extra $150K or so in my bank account.
This price prediction thread is quite entertaining to read.
Looking at the appreciation of some air cooled 911 recently, there is absolutely no way for our GT3 or RS to not maintain a good value. The longer you wait, the more it will be worth. End of discussion.
I know I'm happier with an RS in my garage than extra $150K or so in my bank account.
This price prediction thread is quite entertaining to read.
Looking at the appreciation of some air cooled 911 recently, there is absolutely no way for our GT3 or RS to not maintain a good value. The longer you wait, the more it will be worth. End of discussion.
#264
Drifting
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
other then that- clean car.
#265
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
^ i guess you wont be buying my PTS 991RS with radio delete at msrp then. next in line pls
#266
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Congrats on a nice find.
I know I'm happier with an RS in my garage than extra $150K or so in my bank account.
This price prediction thread is quite entertaining to read.
Looking at the appreciation of some air cooled 911 recently, there is absolutely no way for our GT3 or RS to not maintain a good value. The longer you wait, the more it will be worth. End of discussion.
I know I'm happier with an RS in my garage than extra $150K or so in my bank account.
This price prediction thread is quite entertaining to read.
Looking at the appreciation of some air cooled 911 recently, there is absolutely no way for our GT3 or RS to not maintain a good value. The longer you wait, the more it will be worth. End of discussion.
![thumbsup](https://rennlist.com/forums/graemlins/bigok.gif)
#268
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
![Roll Eyes (Sarcastic)](https://rennlist.com/forums/images/smilies/rolleyes.gif)
I'd never buy a car with Radio Delete unless it will specifically be a track car. I always use the radio when I'm on the street.
#269
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Crazy weather.
Last edited by Fisher; 02-06-2016 at 11:31 PM.