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8Lug, you think maybe these dealers don't actually sell these cars and just move them around. Friedman says, "Hey park you car on our lot and maybe we can help you get the car sold faster. They take a small percentage of the sales price if successful. I know that dealers move cars around.
Yes,100% they do this, it's just usually with cars that sit for a while unsold. This one seemed fairly priced and ready to move. Not sure I see the advantage in swapping with another dealer and settling for a percentage of the profits. My guess is Friedman bough it outright because he knows he can get more than $200k for it. But what do I know?
i just don’t think 997 GT cars will go to the “stratosphere”, that’s crazy given their popularity already. For the price to move even higher they would have to become more liked than they already are, they are amazing cars for the record, I love them and I’ll never forget driving my dads 997 gt3 around and kn track when it was brand new and most really didn’t know or care what a gt3 was, crazy how things have changed!….but there’s so many great cars out there and a glut of 991/992 (which exists) is not going to help
i think they’re pretty much at peak popularity and they’ll just probably neither crash or boom. Probably be pretty much the same price in 10 years which I don’t think is unreasonable. Pretty much what 60’s muscle cars have done for the last 15 years. My generation (millennials) don’t seem to care about collecting cars unfortunately.
You want a car that’s going to go up in value, than buy it when it’s very unpopular and “bottom cool” as Matt Farah says haha i
There's certainly hype around the 997 gt3 currently, so agree with you there. But we have to give credit where it's due - by all measures, the 997 GT3 is an amazing car, and it provides a special driving experience. With all of that however, I don't think 997 GT3s are $200K cars personally, as I've said previously. Many on this forum disagree. Many current owners (including some (not all) on this forum) also don't seem to drive their cars much, so take that for what it's worth.
IMO, the explanation for these current valuations is really a combination of multiple factors - hype, speculation, liquidity floating around, last of *bla bla bla (insert hydraulic steering here, for example)", "m3zGEr, bro", and some more hype sprinkled in for good measure.
To play devil's advocate though, how do you explain 964 turbo and 993 turbo prices? Those cars drive like turds compared to a 997 GT3 and look at the prices. Relative to those cars, our 997 GT3s are unbelievable bargains ;-)
i just don’t think 997 GT cars will go to the “stratosphere”, that’s crazy given their popularity already. For the price to move even higher they would have to become more liked than they already are, they are amazing cars for the record, I love them and I’ll never forget driving my dads 997 gt3 around and kn track when it was brand new and most really didn’t know or care what a gt3 was, crazy how things have changed!….but there’s so many great cars out there and a glut of 991/992 (which exists) is not going to help
i think they’re pretty much at peak popularity and they’ll just probably neither crash or boom. Probably be pretty much the same price in 10 years which I don’t think is unreasonable. Pretty much what 60’s muscle cars have done for the last 15 years. My generation (millennials) don’t seem to care about collecting cars unfortunately.
You want a car that’s going to go up in value, than buy it when it’s very unpopular and “bottom cool” as Matt Farah says haha i
As a millennial, I respectfully disagree. I think 997 GT3/RS prices will continue to climb as more of us are able to afford the kind of premium these cars demand not to mention the productions number are WAY lower. If you look at 997 GT cars for sale there are only a handful vs with 991 & 992 there are HUNDREDS available for sale. As time goes on it's going to be harder and harder to find nice examples available for sale which I believe will continue to drive prices up. Once I manage to acquire a 997 RS I plan on taking it to my grave or hopefully passing it on to my kids as a family heirloom.
For me I always felt like the 997 was peak Porsche especially being the last generation with a manual RS. It's been the dream Porsche for me since they were first introduced next to the CGT, but being so young I've been entirely priced out of the market until more recently (Although still 100% priced out of the 4.0 and CGT). The newer 991 and 992s are cool, but not nearly as interesting to me as the driving experience and computers have taken so much of the character/rawness out of the equation, not to mention they're now huge cars.
As far as "there’s so many great cars out there" I'm not so sure about that either. Porsche remains as one of the only car brands that still caters to the analog crowd. When Ferrari, Lambo, Mclaren etc. stopped making analog sports cars I've become 100% disinterested and will likely never own one unless a Mclaren F1 or F40/F50 suddenly fell into my lap. I don't care about having the latest and greatest model to show off or having the latest tech with flappy paddles. It's all about the driving experience and that's what these cars represent. The perfect sweet spot between modernity and ultimate driver engagement. They are the last of their kind and will never be replicated again.
@Chris.C is proof that there are some great millennials out there. Bravo!
I don't think it's a bold statement whatsoever to say that the 997 generation is never going out of style. Many of us recognized it even when the 991.1 debuted, but it has become much clearer to everyone else since that happened. With production numbers and global demand having gone into the stratosphere, the 997 generation really has a lot going for it as time goes on. I'm not worried about 997 GT models going down in value other than 'normal' market swings as their place in history is assured to be near the very top of desirable Porsche 911 models forever.
I have no inside knowledge so this is all speculation but I would be surprised if High Marques was not able to retail that car, and quickly, for close to ask. It's an extremely desirable spec with very low mileage. $200k is not exactly a new high watermark that they would want to set and assuming Friedman is asking more than $200 (he listed the last one with worse spec for $220), having a public record of the car recently selling for $200 would be actually hurting him. Who knows. I guess we will see how long it sits in his inventory now.
I suspect they paid the asking price and because of their marketing reach, will sell it for $220k. Not bad.
As to the guy that said cars are not investments well maybe not but if you look for formulas you can do well. 1. Is it low production or a true special edition with low numbers 2. Is it exciting 3. Is it a two-seater 4. I think you have a higher chance of appreciation if it was not crazily overpriced B.S. in the first place.
2) Admitted he resprayed the entire front end and doors to match. Has anyone ever thought to repaint the entire front of your white 20k mile GT3 because of stone chips? Did he live off a dirt road!?
3) everyone acknowledges the tub dent, but there is no indication of how, the ice blasting guy pointed this out and it was - first time - in the 10 year ownership he had seen it so the owner touched it up himself
I’ll be curious what it hammers for because although only my bumpers have been resprayed I do have a - minimal damage - carfax from it
As a millennial, I respectfully disagree. I think 997 GT3/RS prices will continue to climb as more of us are able to afford the kind of premium these cars demand not to mention the productions number are WAY lower. If you look at 997 GT cars for sale there are only a handful vs with 991 & 992 there are HUNDREDS available for sale. As time goes on it's going to be harder and harder to find nice examples available for sale which I believe will continue to drive prices up. Once I manage to acquire a 997 RS I plan on taking it to my grave or hopefully passing it on to my kids as a family heirloom.
For me I always felt like the 997 was peak Porsche especially being the last generation with a manual RS. It's been the dream Porsche for me since they were first introduced next to the CGT, but being so young I've been entirely priced out of the market until more recently (Although still 100% priced out of the 4.0 and CGT). The newer 991 and 992s are cool, but not nearly as interesting to me as the driving experience and computers have taken so much of the character/rawness out of the equation, not to mention they're now huge cars.
As far as "there’s so many great cars out there" I'm not so sure about that either. Porsche remains as one of the only car brands that still caters to the analog crowd. When Ferrari, Lambo, Mclaren etc. stopped making analog sports cars I've become 100% disinterested and will likely never own one unless a Mclaren F1 or F40/F50 suddenly fell into my lap. I don't care about having the latest and greatest model to show off or having the latest tech with flappy paddles. It's all about the driving experience and that's what these cars represent. The perfect sweet spot between modernity and ultimate driver engagement. They are the last of their kind and will never be replicated again.
...this exactly sums up my perspective and that of my car friends in the same rough age bracket (late 20s-early 40's).
With regards to the white BAT RS - The selling dealer for this car is local to me and, although I have not purchased from them, they have a pretty good reputation as a local specialist.
With regards to the white BAT RS - The selling dealer for this car is local to me and, although I have not purchased from them, they have a pretty good reputation as a local specialist.
yea I’d hate to be a dealer, reminds me of a lawyer finding out what actually happened when his clients on the stand
FWIW, I will be 75 years old in two weeks. I've had 22 Porsches in my garage since 1973 and no, I am not a dealer and never have been or worked at one. I've had my current 997.1 GT3 for over 10 years and it has been by far, the very best of my Porsche bunch. I still do my own maintenance, I was an aircraft mechanic way back in my Army days, and I still enjoy doing everything possible myself.
With all that said, I've been wanting to mention what I belive will happen regarding 997 GT3's and GT3 RS' in the not-so-distant future, compared to the later and current 991,992 and later GT3/GT3RS.
I firmly believe that the 1999-2012 Porsche GT3/GT3RS models will be the 1973 Porsche 911 Carrera RS of the future.
OK, that is just my opinion, but I do believe that it will happen someday.
11-03-2023, 04:55 PM
