Quote:
Originally Posted by drauz
Adam, could you provide some context to your experience? To whit;
- X% of my buying & selling is 356s.
- the cars I buy &/or sell avg Y on Hagerty’s 1-6 condition scale.
- in selling 356s, my cars avg time on market is W weeks.
I am curious... do any / some sellers ultimately sell their cars above your offer? This would help me to understand the nature of niches within the 356 mkt. TIA.
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Couple or more things to remember here.
1. I get several calls a day from people asking me how to value their car, many times they want full retail so I can't buy it, so I honestly tell them, the car sells so I get to see how much I understand the market, and I'm usually right.
2. My cars, if they sell on the open market, normally sell on ebay, and 90% meet the reserves, so they are normally on the market for 1 week. I price to sell, not make new records in the market. Jim at EASY taught me a valuable mantra when I first got into this game, "I'm not running a F&%King museum, I'm selling Porsche parts!"
The same applies to cars.
3. Many of my cars sell privately, so they never hit the market. Like the twin grill Roadster in my video the other day, one call did it all. I got the car, called a regular buyer in Austria, a week later he is sitting in his new car, one of 249 ever built.
https://www.youtube.com/watch?v=0j2h290tCIQ&t=1s
4. My cars run the gamut in terms of condition, I've sold concours cars and ones that get loaded in pieces, I buy what I can make money on, and it always sells. I had a guy at my place recently and he was kind of poo-poo'ing my cars saying this guy had more S's, and this guy had some Speedsters. I pointed out that both those guys rarely sell cars, so their stock is not really moving. If I had every cool car I had sold I could stack them up in a wall around the shop like the Citroen Factory does outside of Paris.
Bottom line, if it's a Porsche and I can buy it right, honestly describe it and sell it, I'll buy it, and it will sell. These two pics are a window into what I do. You see three Roadsters in each pic, in all varying conditions, were they all money makers, you betcha, would some guys be ashamed to sell a couple of them, you betcha, would I buy and sell them all again, you double betcha!
And as far is what I sell more of, 356's or 9 series, it comes in waves, right now I've been grabbing a bunch of 9's, last week alone a 67S and a 67 normale, but two weeks before was three 356's, 2 A's and a B. The last picture shows the waves.
---Adam
