prices on CGT?
10-02-2018, 11:31 PM
#136
This whole limited edition or special options cars bewilders me. Seems to me, to get a sure fire investment car, order it Hot Pink with yellow and purple stripes with gold wheels. Order no windows, 2 radios, 3 air conditioners, and five gallon buckets for the seats. Frog skin covered of course. Then never drive it.
10-03-2018, 12:40 AM
#137
Drifting
10-03-2018, 04:32 AM
#138
Rennlist Member
Originally Posted by Coyft
Given two identical cars with less than 1,000 miles I can see why a collector may pay more for one with air con, nav delete.
However the car in question has 20k miles and is a car that will be driven, not collected, in this instance the car is worth less, as evidenced by its current asking price.
Pointless discussion as a car is only worth what someone will pay for it.
However the car in question has 20k miles and is a car that will be driven, not collected, in this instance the car is worth less, as evidenced by its current asking price.
Pointless discussion as a car is only worth what someone will pay for it.
10-03-2018, 09:32 AM
#139
Drifting
This whole limited edition or special options cars bewilders me. Seems to me, to get a sure fire investment car, order it Hot Pink with yellow and purple stripes with gold wheels. Order no windows, 2 radios, 3 air conditioners, and five gallon buckets for the seats. Frog skin covered of course. Then never drive it.
10-03-2018, 02:58 PM
#140
Drifting
Damn, I remember this 599 interior very well when it was first published online. Brings me back to the days when I had my 599 GTO.
10-03-2018, 03:18 PM
#141
This whole limited edition or special options cars bewilders me. Seems to me, to get a sure fire investment car, order it Hot Pink with yellow and purple stripes with gold wheels. Order no windows, 2 radios, 3 air conditioners, and five gallon buckets for the seats. Frog skin covered of course. Then never drive it.
Overall, a car that is ordered with special options will, way down the road, likely be worth more than a "standard" example. But, if those options are particularly off-putting or in bad taste, it will absolutely be a real challenge to find a buyer for the car. Eventually, when the car is decades old, there may be a "novelty" effect where people are interested to buy it simply due to being unique, but that takes a very long time. So, ordering a crazy spec for the purposes of investment isn't automatically wise unless the spec happens to be really tasteful and represent what enthusiasts actually want.
As for the CGT being discussed, I think the reality is that the car is still too new for the A/C & radio delete to really be attracting buyers over a standard car, since most buyers (especially ones buying a higher miles car) will want to be able to use the car comfortably. Perhaps when the Carrera GT is a classic car, an example like this one will be more appealing and bring a considerable premium. But, it should also be considered that A/C & radio delete was never really a highly advertised or touted option on this car. To my knowledge Porsche never released numbers saying how much weight it saved, and they certainly didn't make it exciting by making the A/C & radio delete into a "Clubsport" package, a Weissach package (a-la 918), something of that nature. If these options had been branded in that way, a car like this would absolutely bring big money compared to a standard example, just as any "Clubsport" 911 RS or "Weissach" 918 does today.
10-03-2018, 03:36 PM
#142
Rennlist Member
totally agree on all points Sterling.
10-04-2018, 12:20 AM
#143
10-05-2018, 09:15 AM
#144
Drifting
I know this is said in jest, but I think in the long-term there's much more to it than this.
Overall, a car that is ordered with special options will, way down the road, likely be worth more than a "standard" example. But, if those options are particularly off-putting or in bad taste, it will absolutely be a real challenge to find a buyer for the car. Eventually, when the car is decades old, there may be a "novelty" effect where people are interested to buy it simply due to being unique, but that takes a very long time. So, ordering a crazy spec for the purposes of investment isn't automatically wise unless the spec happens to be really tasteful and represent what enthusiasts actually want.
As for the CGT being discussed, I think the reality is that the car is still too new for the A/C & radio delete to really be attracting buyers over a standard car, since most buyers (especially ones buying a higher miles car) will want to be able to use the car comfortably. Perhaps when the Carrera GT is a classic car, an example like this one will be more appealing and bring a considerable premium. But, it should also be considered that A/C & radio delete was never really a highly advertised or touted option on this car. To my knowledge Porsche never released numbers saying how much weight it saved, and they certainly didn't make it exciting by making the A/C & radio delete into a "Clubsport" package, a Weissach package (a-la 918), something of that nature. If these options had been branded in that way, a car like this would absolutely bring big money compared to a standard example, just as any "Clubsport" 911 RS or "Weissach" 918 does today.
Overall, a car that is ordered with special options will, way down the road, likely be worth more than a "standard" example. But, if those options are particularly off-putting or in bad taste, it will absolutely be a real challenge to find a buyer for the car. Eventually, when the car is decades old, there may be a "novelty" effect where people are interested to buy it simply due to being unique, but that takes a very long time. So, ordering a crazy spec for the purposes of investment isn't automatically wise unless the spec happens to be really tasteful and represent what enthusiasts actually want.
As for the CGT being discussed, I think the reality is that the car is still too new for the A/C & radio delete to really be attracting buyers over a standard car, since most buyers (especially ones buying a higher miles car) will want to be able to use the car comfortably. Perhaps when the Carrera GT is a classic car, an example like this one will be more appealing and bring a considerable premium. But, it should also be considered that A/C & radio delete was never really a highly advertised or touted option on this car. To my knowledge Porsche never released numbers saying how much weight it saved, and they certainly didn't make it exciting by making the A/C & radio delete into a "Clubsport" package, a Weissach package (a-la 918), something of that nature. If these options had been branded in that way, a car like this would absolutely bring big money compared to a standard example, just as any "Clubsport" 911 RS or "Weissach" 918 does today.
Ferrari Monza Porsche 935 WP RS CGT and others made up of the right DNA on day one - celebration cars during a given time agree is more natural.
Pors9 - thank you for your service as lead CGT crash dummy.
Last edited by nuvolari612; 10-05-2018 at 02:33 PM.
10-06-2018, 02:12 AM
#145
Platinum Dealership
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there is a subset of Porsche luddites that enjoy delete options - me being one of them.
I only buy 911's with no sunroof and when I can get them with no nav or no radio (looks antiquated in a few years, seen a 997.1 RS recently??)
however the CGT game is much different.
straight up- there are 1200+ cars built. therefore unlike a 4.0RS 997 or 997 GT2RS or 993 GT2 or 964 3.8RS...
it's all about the mileage. the lower miles the higher price. 200 mile silver car or 11,000 mile seal gray? red with no miles vs red with 7500 miles? price is directly proportional to miles. if it does not have luggage subtract XX, 000
I only buy 911's with no sunroof and when I can get them with no nav or no radio (looks antiquated in a few years, seen a 997.1 RS recently??)
however the CGT game is much different.
straight up- there are 1200+ cars built. therefore unlike a 4.0RS 997 or 997 GT2RS or 993 GT2 or 964 3.8RS...
it's all about the mileage. the lower miles the higher price. 200 mile silver car or 11,000 mile seal gray? red with no miles vs red with 7500 miles? price is directly proportional to miles. if it does not have luggage subtract XX, 000
10-09-2018, 07:55 PM
#146
there is a subset of Porsche luddites that enjoy delete options - me being one of them.
I only buy 911's with no sunroof and when I can get them with no nav or no radio (looks antiquated in a few years, seen a 997.1 RS recently??)
however the CGT game is much different.
straight up- there are 1200+ cars built. therefore unlike a 4.0RS 997 or 997 GT2RS or 993 GT2 or 964 3.8RS...
it's all about the mileage. the lower miles the higher price. 200 mile silver car or 11,000 mile seal gray? red with no miles vs red with 7500 miles? price is directly proportional to miles. if it does not have luggage subtract XX, 000
I only buy 911's with no sunroof and when I can get them with no nav or no radio (looks antiquated in a few years, seen a 997.1 RS recently??)
however the CGT game is much different.
straight up- there are 1200+ cars built. therefore unlike a 4.0RS 997 or 997 GT2RS or 993 GT2 or 964 3.8RS...
it's all about the mileage. the lower miles the higher price. 200 mile silver car or 11,000 mile seal gray? red with no miles vs red with 7500 miles? price is directly proportional to miles. if it does not have luggage subtract XX, 000
10-09-2018, 08:02 PM
#147
CJ, you bring up a valid point about production numbers. Do you believe, or anyone for that matter, that the more limited cars such as the 4.0 RS, 997 GT2RS, 993 GT2, 964 3.8 RS could be more valuable than the Carrera GT in say 10 years, assuming they have the same number of miles as a CGT? let's all get out our crystal *****....
10-10-2018, 01:50 AM
#148
Let me counter that argument Sterling and say apples versus oranges is Ferrari vs Porsche. Ferrari made over 1,300 F40's. During the same era or even slightly before, Porsche made less than 300 road going 959's. Why isn't the very limited, relative to the F40, Porsche super car worth several multiples more than the Ferrari? Because it's a Porsche, not a Ferrari.
10-10-2018, 02:50 AM
#149
Let me counter that argument Sterling and say apples versus oranges is Ferrari vs Porsche. Ferrari made over 1,300 F40's. During the same era or even slightly before, Porsche made less than 300 road going 959's. Why isn't the very limited, relative to the F40, Porsche super car worth several multiples more than the Ferrari? Because it's a Porsche, not a Ferrari.
10-10-2018, 02:56 AM
#150
CJ, you bring up a valid point about production numbers. Do you believe, or anyone for that matter, that the more limited cars such as the 4.0 RS, 997 GT2RS, 993 GT2, 964 3.8 RS could be more valuable than the Carrera GT in say 10 years, assuming they have the same number of miles as a CGT? let's all get out our crystal *****....
Generally speaking here is where we are today:
959K - MSRP ~$300k - today's value ~$1.2m+ - multiple 4x+
964 3.8 RS - MSRP ~$140k - today's value ~$1m+ - multiple 5x+
993 GT2 (strassen) - MSRP ~$200k - today's value ~$1.5m+ - multiple 7x+
997 RS4.0 - MSRP ~$205k - today's value ~$450k - multiple 2.5x
997 GT2RS - MSRP ~$265k - today's value ~$400k - multiple 2x-
CGT - MSRP ~$445k - today's value ~$750k - multiple 1.7x