DesmoSD

Yeah, that background looks very familiar. Nothing on their website. Buyer beware.

http://www.exoticcarsofhouston.com/Inventory


sold

http://www.exoticcarsofhouston.com/D...orsche-911-gt3

pdds

Anyone know what the listing price of this GT3 was? 70k??

ores

So the bringatrailer GT3 with two accidents sold for.... 75K. Everyone on that forum is saying that pretty much sets the new price for the 997.1 GT3. ANy comments on this from anyone following that auction?

BTW the last 2007 GT3 that sold on manheim acutions was an 18k miles white car that sold for 95K with a score of 3.6 out of 5. It sold in July.

WantA997

How does a 3 accident car that's been repainted and has/had structural damage set the benchmark for all .1 GT3s? Answer: it doesn't.

And to be fair, I'm not entirely sure $75k is even what could be considered a deal for that car. Keep in mind that after the BAT buyer's premium, that number is closer to $80k. So the buyer is essentially getting a $10k-$15k discount in exchange for a 5 owner car with a bunch of stories. Not my idea of a deal. YMMV.

ores

Totally agree with that. To me manheim portrays a much more accurate picture and keep in mind that the cream puffs never make it to manheim but to exotic type auctions. In September a 2008 sold for 100K, also white with 15K miles. That's low miles, but still a good indication where the market is at.

misterwaterfall

Yepp. I would also say that was way too high of a price to pay for that car and the unverified but known third accident thanks to Doug.

greens

Makes the ones PNH has been sitting on look like absolute bargains.

https://rennlist.com/forums/vehicle-...ale-gt3rs.html

usctrojanGT3

I'm sure it's a clean car but even it had less than 1,000 miles that price is very optimist...that's close to 4.0 prices. Easy decision if someone has around $400k to spend on which car they buy.

misterwaterfall

Basically a $200k markup for the color. Not for me but you never know.

Jrtaylor9

The guy that buys that (if there is one) already has at least 1 997 4.0. It isn’t an either/or buyer. It’s a guy that wants every must-have 997 GT car. and, like it or not, the green 997.1rs is one of top 2-3 desired 997s to own. It just is. And, yes, I’m talking my book. And yes, anywhere near these prices, it tests just how much someone wants this particular must-have in the collection.

usctrojanGT3

I like some colors a lot, especially blues and purples, and even paid a premium for my Voodoo RS but there is only a limit to how much I'll pay extra for a specific color.

Jrtaylor9

I don’t think it’s just a generic “color premium�. There are a few examples where a particular color on a particular car; that combination of color plus car is more than sum of parts. That being said, I whole-heartedly agree that concept has been stretched to the limits of insanity on the green 7.1rs. I personally think 350k wont get done but if he dropped it to 300k, i’m confident it would. And whether the number is 300 or 350, it’s some insane premium to pull a desirable and rare car out of someone’s hands that rarely come to mkt.

But, here’s an example to better illustrate: any color 991rs is worth more than any non-green equivalent condition 997.1rs (maybe save delivery mile examples but even that would be close). A green 997.1rs IS worth more than a green pts 991.1rs on today’s mkt (regardless of the recent RL ad). And I’m fairly certain there were more green 997.1rs than every variant of green pts added together in 991.1rs.

Separately, I’ve been offered lower mileage pts 997.2rs’s plus cash for my green 997.1rs. We all know a white 7.2 trades well over a white 7.1rs.

Who knows, 2yrs from now, mkt could come to its senses and be rational about how it prices green 7.1rs’s? For right now it’s not.

The market is searching for a price point that brings a few of these out for sale. To date, there’s continued to be more buyers than sellers of frogs. At 350k, if it trades, my prediction is that you will see a few pop up. For now, it’s just an asking price.

Jrtaylor9

^^^let me paraphrase my own blathering: yeah, it’s absolute insane pricing for paint.

It might be one of biggest color premiums in the market. I think the Rivi/MX color premiums on anything 993 are in a similar category (anything 993 wide-body for sure). I think the smurf turbos are 2x any other color?

Spyerx

https://autokennel.com/2007-porsche-997-gt3-rs-coupe/

Jrtaylor9

Add some buckets and it’s near perfect. A beast.