I think there was LSD in my lunch...

[NYNick]

Porsche 911 Turbo S | eBay Porsche 911 Turbo | eBay Porsche 911 993 | eBay Porsche 911 Turbo X50 | eBay Porsche 911 Turbo S | eBay Porsche 911 Turbo S | eBay Porsche 911 Turbo Coupe 2 Door | eBay Porsche 911 Turbo | eBay

[Skwerl]

Well, you see, they aren't making them anymore, so

That Forest Green/tan is pretty sweet though. Not half-a-milly sweet, but a beautiful and unique combo.

[TH_DUDE]

It's the beginning of a new trend in sales negotiations. Here's a 550 REPLICA listed for a mere $5.2 million.

http://www.ebay.com/itm/Porsche-356-550-Spyder-RS-1500-/181864926344?forcerrptr=true&hash=item2a57fe8c88&i tem=181864926344

The negotiation tactic comes to light in the first sentences of the ad copy...

"$5.2 Million is what collectors would expect to pay for a peace of racing history like this. Yes, we would love to sell it for $Millions, but we know that's not going to happen.

However, if you're a Spyder enthusiast and would like to own this stunning and accurate Hand made Spyder Clone. We are now accepting reasonable offers."

WTF?

[Matt Monson]

All 993 Turbos have an LSD but they wear out really quickly and need reconditioning after 35-50k mi...

[soundbehindyou]

Might as well buy a Warhol or Picasso.....easier to store and you wouldn't be driving them anyway

[touringteg]

That's a lot of Turbo S on the market all at once. You get the feeling the 993 Turbo market has peaked and sellers are cashing out.

[2ndTARGA]

^^^

There are 43 993 Turbo's currently on eBay. Prices are all over the map. All of the one's in the OP have been repeatedly re-listed for months. Not a great time to be selling a TT.

[Skwerl]

Meanwhile, back in reality...

Porsche 911 Turbo Coupe 2 Door | eBay

Nice 38k-mile TT, topped at $121k in the first genuine no-reserve I've seen in a while that wasn't closed prematurely. (Granted, started at $119k.)

[soundbehindyou]

Yes, reality is starting to set in.....also look how many 930 turbos are out there for sale at prices highly speculated. The market is starting to speak....as I have speculated recently, it will be interesting to see how long dealers speculate on these prices and keep the cars on their lots.
With these numbers we are experiencing more supply than demand.

[Skwerl]

I'm curious how dealers' books work. It seems like it would be in their best interest to sell at a lower (market correct) price and move inventory rather than wait on a sucker for months, who may never come at all. It's a lot of dollars to be tied up.

[2ndTARGA]

Meanwhile, back in reality...

Porsche 911 Turbo Coupe 2 Door | eBay

Nice 38k-mile TT, topped at $121k in the first genuine no-reserve I've seen in a while that wasn't closed prematurely. (Granted, started at $119k.)

I agree that's a much more realistic price - but the bid history seems odd. Only two different bidders on a no-reserve TT? That says a lot right there about demand.
And the last minute bidder let him/herself get beat out by $100 with still 5+ minutes to go? Seems weird.

eBay.com Item Bid History EDIT: Sorry - broken link. Go to the listing in Skwerl's post and click on bid history if you're interested.

[Skwerl]

There would have certainly been more bids if it had started lower.

Also, not that this auction is necessarily the bellwether of the whole market, but part of the beginning of price deflation is smart buyers waiting for prices to settle or drop further. Seems reasonable given that, like you said, there are 43 for sale at the moment, and that's just eBay.

[creaturecat]

buddy just sold an S last week.
absolutely perfect car. low mileage.
well south of 400k

[2ndTARGA]

But wait, just 11 months ago there was supposed to be no end to Turbo appreciation:

IS THE 993 MARKET HEADING FOR A SIMILAR CRASH?

Willhoit says no, and its all down to one simple sentence. Demand is continually outpacing supply. They simply aren't making the 993 Turbo anymore, and there are new collectors wanting to buy the best 993s money can buy almost every day. People who have traditionally collected higher end cars, folks that are used to spending a million dollars for a car, are taking a serious look at the 993 Turbo as an investment now, and are unfazed by a pricetag only one quarter of that. Cars, especially ones as beautiful as Porsche's 993, are now being accepted as true objects d'art, and hoarded as such. Any good private Porsche collection has at least one 993 Turbo these days, and the really good ones are becoming ever more difficult to acquire.

Full article: The New Reality Of The 993 Turbo Market - @FlatSixes - the blog about Porsche

[Skwerl]

"They simply aren't making ______ anymore"

This is always my favorite line.

[creaturecat]

these are "skimmer" type ads.
one cannot deny the unbelievable appreciation in values for these cars.

[Matt Monson]

Originally Posted by 2ndTARGA

I agree that's a much more realistic price - but the bid history seems odd. Only two different bidders on a no-reserve TT? That says a lot right there about demand.
And the last minute bidder let him/herself get beat out by $100 with still 5+ minutes to go? Seems weird.

eBay.com Item Bid History EDIT: Sorry - broken link. Go to the listing in Skwerl's post and click on bid history if you're interested.

That's a seller's shill and one real buyer you are describing. Happens all the time on ebay. You can often see right through them by their percentage of bids on items listed by seller, but not always.

[Skwerl]

Got a chuckle out of my email this morning:



"Hmmm...this car isn't selling for some reason. I know, let's raise the price!"

[creaturecat]

link to the S that Alex just sold:
Eurosport Imports Ltd.

[Skwerl]

Originally Posted by Skwerl

Meanwhile, back in reality...

Porsche 911 Turbo Coupe 2 Door | eBay

Nice 38k-mile TT, topped at $121k in the first genuine no-reserve I've seen in a while that wasn't closed prematurely. (Granted, started at $119k.)

Similar car ended today, 25 bids up to $121k.

Porsche 911 Turbo | eBay

The reserve may have put a damper on things, but still.