The 997 GT3/RS Cars For Sale Thread...
Race Car
Rennlist Member
@8Lug Not sure I follow the logic. Yes there were other bidders that had deep pockets, at least right up the the level of the final bid, and now those deep pockets stay in the market for the next one, and the one after that etc, until Snaveed bows out. So unless those deep pocketed competitors are looking at buying up multiples Snaveed style, them staying on the demand side of the line does jack prices up more than if he weren't in the picture, not to mention if some of those unfulfilled RS buyers then move to non-RS's. Demand isn't diminishing, likely going up as new demand comes in without old demand going out, and supply's reducing, so from my high school economics of supply constrained resources, the prices do have to go up till they reach a new supply/demand equilibrium?
Last edited by 8Lug; 10-21-2021 at 07:38 PM.
Maybe you misread my post, otherwise I'm not sure what you don't follow. My first point was that Snaveed is not the only person responsible for increased sale prices. There are other buyers right behind him supporting demand and willing to pay top dollar. My second point was that if these cars are really leaving the country, then US supply will further decline, which will prevent prices from coming down and most likely lead to continued price increases. I think we agree on these points.
Rennlist Member
No, I think I read it right, we just have different perspectives on whether having a Snaveed bulk buyer with bottomless pockets drives up the prices or not, you say not, as there's others bidding against him. I say he is driving up prices based on the rationale given. Just different perspectives, with no parallel universe where Snaveed hates Porsches to prove for sure one way of the other.
Race Car
To the earlier conversation about how a buyer like Snaveed can skew the marketplace... as was noted, clearly Snaveed isn't the only person interested in these cars that has the money to buy at these prices. But it is a bit of a case of one vs. many (several). Absent a Snaveed, these other parties that have money would be competing w/ each other to buy the sample or two they are looking for, then move along. Eventually they all get the car they are looking for and less financially 'capable' buyers will then be competing w/ one another and the prices will fall a bit (or at least flatten). In this scenario however, we have a single buyer, who has the appetite for many of these scarce cars, and is often willing to outbid whomever he is competing with. This skews things a bit since you end up w/ pent up demand that isn't getting satisfied. So, as we've seen, the prices just keep going up as there are fewer and fewer cars in the marketplace.
The following 6 users liked this post by jonwb:
cbracerx (10-22-2021),
Flat6997 (10-22-2021),
KPJ (10-21-2021),
RAudi Driver (10-21-2021),
Robocop305 (10-22-2021),
and 1 others liked this post.
Rennlist Member
Remember 2006. Or October 1987. At some point people's a-holes will be puckering. Including Snaveed.
And as to what I think he's doing with them? He's exporting. Bet you dollars to donuts. If anyone has time, look up his earliest auctions and google the VINs to see if anything comes up.
Race Car
Remember 2006. Or October 1987. At some point people's a-holes will be puckering. Including Snaveed.
And as to what I think he's doing with them? He's exporting. Bet you dollars to donuts. If anyone has time, look up his earliest auctions and google the VINs to see if anything comes up.
And as to what I think he's doing with them? He's exporting. Bet you dollars to donuts. If anyone has time, look up his earliest auctions and google the VINs to see if anything comes up.
Basic Sponsor
Rennlist
Site Sponsor
Rennlist
Site Sponsor
Pretty sure that last 2100 mile .1 RS marks the highest value GT3/RS successfully sold on BaT, and the first to eclipse $300k on the site.
__________________
Joie de vivre 🏁🇺🇸🇹🇼
Professional Enthusiast
San Francisco Bay Area, CA
SYSTEM MOTORSPORTS
RAYS / ADVAN / BBS - RETAIL / WHOLESALE
@thomsonsss / @systemmotorsports
Joie de vivre 🏁🇺🇸🇹🇼
Professional Enthusiast
San Francisco Bay Area, CA
SYSTEM MOTORSPORTS
RAYS / ADVAN / BBS - RETAIL / WHOLESALE
@thomsonsss / @systemmotorsports
Rennlist Member
Join Date: Sep 2018
Location: Massachusetts and California
Posts: 3,536
Received 2,405 Likes
on
1,312 Posts
Black .1 GT3 with 8600 miles. Steel brakes and full leather. $116k original MSRP. Asking price is $140k. No photos uploaded yet. This one probably won’t last very long at this price considering the low mileage.
https://www.cargurus.com/Cars/invent...314964128/NONE
VIN: WP0AC299X7S792553
https://www.cargurus.com/Cars/invent...314964128/NONE
VIN: WP0AC299X7S792553
https://www.losgatosluxcars.com/used...f83b11adb7.htm
Rennlist Member
The following users liked this post:
Robocop305 (10-22-2021)
The following users liked this post:
Robocop305 (10-22-2021)
Rennlist Member
What's going on with the 70k mile one?
The following users liked this post:
Robocop305 (10-22-2021)