[trader220]

Yea, last Thursday was the exotic auction. That was my first time there and i found it very entertaining. I have traded on various options exchanges for many years so i found th ebidding really interesting. The interest on the 993's and older cars is at a much high pitch then the 993's. There were some really butt ugly 996's in aweful colors that could be had on the cheap. The whole tirck as with any kindof trading is knowing value. Of course it helps if you're bidding to buy wholesale and you've got a retail buyer in your back pocket.

All of the older cars (993 and older) are obviously not bank off lease stuff. The "dealers" who offer and bid those cars many times have a buiyer in their back pocket. Some of those dealers also know their clients and demographic very well. I talked to one guy that came down from Mass and he had been in business for 15 years. He knew exactly what makes and models of the older exotics would sell for on his lot and at what prices. He bid for a lot of "older" exotics mostly 1998 to 1988 stuff. Crap that I thought would never sell he says does very well on his lot. BMW 8 series, Ferrari Testarossa, MB SL's. Icons of the 1990 and 1980's that were never sellers in their day. These guys flip em for upwards of 5 grand.

There is huge over capactiy in the options business these days and i would enjoy being in the car business.