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Lots of sky is falling talk in herepeople acting like these cars are Aston Martins or McLarens where they lose $150-200k. What are you really losing on a typical GT4RS or SRS from msrp? 10%? 15%? Still extraordinarily low across the industry and what I think most would consider a reasonable cost of owning a high end vehicle from new to a preowned sale.
As a car enthusiast, Im glad that Porsche is producing as many GT cars as they can. Get them into the hands of enthusiasts who will drive them as they were intended and not investment speculators. Those speculators who obsessively track the market hoping for returns should stick to mutual funds.
I know the listing says private party, but wonder if the Porsche dealer (Porsche Lehigh Valley) that took in this car is conducting the auction. Some Porsche dealers have done auctions on BaT and have listed as being a private party. If it is not Porsche Lehigh Valley and is indeed a private individual then they will likely get blacklisted by the dealer because of this very public flip.
I know the listing says private party, but wonder if the Porsche dealer (Porsche Lehigh Valley) that took in this car is conducting the auction. Some Porsche dealers have done auctions on BaT and have listed as being a private party. If it is not Porsche Lehigh Valley and is indeed a private individual then they will likely get blacklisted by the dealer because of this very public flip.
Most likely Porsche will see this auction and then call the dealer to discuss it(if we make enough of a big deal about it and it gets lots of press with it being the first one). Dealer's GM will then call the original owner and tell him he is going to get blacklisted for flipping it unless of course this is a close friend of the dealer. But 918 VIP's have been removed from the program for flipping their GT cars in less than a year since they are not supposed to sell them if they take delivery(they can reject delivery and leave it at the dealer so then it goes back to PCNA).
I know the listing says private party, but wonder if the Porsche dealer (Porsche Lehigh Valley) that took in this car is conducting the auction. Some Porsche dealers have done auctions on BaT and have listed as being a private party. If it is not Porsche Lehigh Valley and is indeed a private individual then they will likely get blacklisted by the dealer because of this very public flip.
I would like to see some confirmation of this. But your theory is a viable one. Porsche Lehigh Valley has done stuff like this before. They directly listed a new* Porsche GT4 on ebay motors in 2020. IIRC, it closed just under MSRP at that time.
Porsche Lehigh Valley is a very small volume Porsche dealer. As a result, they don't get many GT car allocations. It's possible that this may be the only GT4 RS allocation they ever got...
Edit: * The ebay sale I saw Lehigh Valley post in 2020 I believe was actually listed as "used." But like this GT4 RS, it was a brand new delivery miles car.
If this is a 100% a private sale Porsche wont say a thing to the dealer. They cant. The dealer could threaten the buyer on future purchases but why would they? Personally, I have zero issue. Lets hope it hits 300k. Then I can brag about this being the next 7.2RS in terms of long term value.
Last edited by Mr. Adair; Jan 18, 2023 at 01:53 PM.
While its technically true that Porsche has no authority over the owner's decision to sell this car, it is *not* true that they have no influence. Porsche can (and, in my view, should) make every effort to limit flipping. Why? The same reasons why Rolex and Ferrari do. It erodes brand value (its an ugly spectacle), denies true enthusiasts the opportunity to own and enjoy the product, and makes customers unhappy (case in point: Chris Harris' instagram video this morning).
This isn't about free market capitalism - Its about taking care of your most loyal customers and being polite.
While its technically true that Porsche has no authority over the owner's decision to sell this car, it is *not* true that they have no influence. Porsche can (and, in my view, should) make every effort to limit flipping. Why? The same reasons why Rolex and Ferrari do. It erodes brand value (its an ugly spectacle), denies true enthusiasts the opportunity to own and enjoy the product, and makes customers unhappy (case in point: Chris Harris' instagram video this morning).
This isn't about free market capitalism - Its about taking care of your most loyal customers and being polite.
100% agree. I deal with this daily (UMAP and MAP products) and 99% of the manufacturers want nothing to do with trying to enforce this issue because of US price fixing laws. That said, I'd love to see something happen, but whats the difference between 25 delivery miles and 9,000 miles? Nothing. Have you seen the Rolex secondary market? I don't see any dealers being penalized for the 35K stainless Daytona's that come from them? Lastly, allocation problems with Porsche is a different (and I agree with you) issue than this. This is still a private party sale on BaT no matter how you slice it.
Last edited by Mr. Adair; Jan 18, 2023 at 04:43 PM.
Perhaps the supply of the RS will be so low that demand will consistently out strip it but some of these excessive premiums makes me think of musical chairs. At some point the music usually stops.
The upshot is that whomever owns the GT4RS has got a heckuva Porsche regardless of price. Still I sense this fearless paying of premium stems from the belief that someone somewhere will pay even more.
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