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fastfredracing's Avatar
 
Join Date: Jul 2003
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Maybe the best BAT auction yet

https://bringatrailer.com/listing/collection-of-engine-transmission-and-other-parts/

Wish him all the best. This is super tempting for a guy looking to invest some fun money .

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Old 09-22-2023, 12:18 PM
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Moving day (week) would suck.
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Old 09-22-2023, 12:27 PM
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Holy $$$$$!

Is Henry retiring? Did I miss that?
Old 09-22-2023, 12:52 PM
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Did Brandon finally make Henry crack?

rjp
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Old 09-22-2023, 12:55 PM
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^^ My question as well. Henry retiring? Sure looks like it. Love his posts on the engine porn thread...
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Old 09-22-2023, 12:56 PM
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Just read his posts in the auction... The inventory is a separate business he is no longer able to operate. This is separate from engine building which will continue.

It's all laid out pretty clearly.
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Old 09-22-2023, 01:02 PM
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Quote:
Originally Posted by fanaudical View Post
Holy $$$$$!

Is Henry retiring? Did I miss that?
That was my reaction too.
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Old 09-22-2023, 01:25 PM
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Quote:
Originally Posted by Ayles View Post
Just read his posts in the auction... The inventory is a separate business he is no longer able to operate. This is separate from engine building which will continue.

It's all laid out pretty clearly.
Reading?!? Who's got time or inclination to read stuff?
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'08 Boxster RS60 Spyder #0099/1960
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Old 09-22-2023, 01:26 PM
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I wonder if Jeff over at Rothsports is keeping tabs on this bonanza of parts?
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Old 09-22-2023, 01:26 PM
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Originally Posted by masraum View Post
Reading?!? Who's got time or inclination to read stuff?
Plus, it's way more fun to speculate and jump to conclusions!
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Old 09-22-2023, 01:36 PM
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Quote:
Originally Posted by fastfredracing View Post
https://bringatrailer.com/listing/collection-of-engine-transmission-and-other-parts/

Wish him all the best. This is super tempting for a guy looking to invest some fun money .
That's incredible and IMO could easily crack the million dollar mark.

What's this rack alone worth?

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Old 09-22-2023, 01:41 PM
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I wonder how much for the stuff and the building it is in, so I don't have to move it.

What will the final price be $250,000?
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Last edited by Tobra; 09-22-2023 at 02:55 PM..
Old 09-22-2023, 02:52 PM
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Quote:
Originally Posted by Tobra View Post
I wonder how much for the stuff and the building it is in, so I don't have to move it.

What will the final price be $250,000?
$250,000 would be steal. Just the MFI stuff I posted above is worth more than that!
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Old 09-22-2023, 04:03 PM
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Quote:
Originally Posted by herr_oberst View Post
I wonder if Jeff over at Rothsports is keeping tabs on this bonanza of parts?
I already sent Earl (their parts guy) a note about this...
Old 09-22-2023, 04:20 PM
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Quote:
Originally Posted by sc_rufctr View Post
$250,000 would be steal. Just the MFI stuff I posted above is worth more than that!
Might be worth the 250K but since I'm close to merchandise dealers I can say that a 50% mark up is about right to stay in business. Non stocking internet sellers can make it on 20%. Big guns like Costco can make it on 20% with another 10% discount on the back end.

IDK who will buy Henry's stuff. Maybe and likely not a real business person but someone that can afford to warehouse, insure and hold on. In that case they will out bid any prudent offers.

Many years ago when Chip Evaul died holding on to a boatload of 911 and 914 parts, I put his widow in touch with an east coast used parts warehouse operation. They had a semi near CA so they came. 10 cents on the dollar swept clean. There are or were people out here not that far away that declined.

I will say that I didn't see a row of MFI stacks in the pile. So there's that.
Old 09-22-2023, 05:26 PM
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The sad reality is that the air cooled Porsche hobby is in a slow decline. There are two other significant big lot sales of early parts right now in addition to Henry's. I am sure he tried to hire a replacement parts guy but he cannot run both sides of the business anymore. The young money is chasing GT3s and GT4s. The experts for our cars are aging out with no line of starry eyed young people clamoring to get a foot in the door.
My 27 year old son can appreciate my hot rod 911 but he will never have the bug for it like I do.
Old 09-23-2023, 11:35 AM
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Having parted out 13 911s back when there was such a thing as 911 parts cars (the Restoration Design parcel shelf and seat pan stamping is from one the cars), a friend and I almost bought a collection significantly bigger than Henry's for $500K years ago. But after going through the inventory, it looked like it was $600K sales at the most. Then the seller started saying, oh, that's not part of the deal, that's not part of the deal, that's not... all factory RSR and 935 stuff.

To do well with parts lots you have to buy them at 50 cents on a dollar. Because it's a ton of work to sell parts and what you buy is never in as good shape as you thought and some stuff is just junk. Some times there's a reason it's on a shelf and not on a car.
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Last edited by Shaun @ Tru6; 09-23-2023 at 12:10 PM..
Old 09-23-2023, 12:07 PM
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Happy Birthday Henry
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Old 09-23-2023, 12:24 PM
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Quote:
Originally Posted by masraum View Post
Reading?!? Who's got time or inclination to read stuff?
Unless there's a picture or a GIF... I usually just skip 'em'!

Happy B-day Henry
Old 09-23-2023, 01:03 PM
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Quote:
Originally Posted by Shaun @ Tru6 View Post
Some times there's a reason it's on a shelf and not on a car.
Good point!

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Old 09-23-2023, 08:41 PM
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