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-   -   Price Drops Here there and Everywhere...It Has Begun in Earnest (http://forums.pelicanparts.com/showthread.php?t=1044746)

Cobalt 12-11-2019 03:56 AM

Quote:

Originally Posted by sugarwood (Post 10684526)
51k is unicorn collector territory.
That buyer can probably flip it for $60k.

For a targa with extensive & poor paintwork, oil leaks and possible accident damage. Although it had the original 85MPH speedo which is usually not the case I highly doubt it had 51k miles as most of these I see have had their speedo pulled or disconnected for many miles. I see < 50k mile SC Targa's all the time and yet to see one sell for remotely close to that much. Maybe a coupe but not a targa.

Macroni 12-11-2019 04:02 AM

Quote:

Originally Posted by sugarwood (Post 10684526)
unicorn for $60k.

Sugah you crack me up.....

Matt Monson 12-11-2019 04:52 AM

Quote:

Originally Posted by Cobalt (Post 10684977)
For a targa with extensive & poor paintwork, oil leaks and possible accident damage. Although it had the original 85MPH speedo which is usually not the case I highly doubt it had 51k miles as most of these I see have had their speedo pulled or disconnected for many miles. I see < 50k mile SC Targa's all the time and yet to see one sell for remotely close to that much. Maybe a coupe but not a targa.

You got sugga’d, again.

matt930s 12-11-2019 04:58 AM

I really like that.


Quote:

Originally Posted by wayner (Post 10684305)


Cobalt 12-11-2019 06:55 AM

Quote:

Originally Posted by Matt Monson (Post 10685016)
You got sugga’d, again.

I guess I have a sweet tooth. ;)

sugarwood 12-11-2019 08:23 AM

Quote:

Originally Posted by Cobalt (Post 10684977)
For a targa with extensive & poor paintwork, oil leaks and possible accident damage. Although it had the original 85MPH speedo which is usually not the case I highly doubt it had 51k miles as most of these I see have had their speedo pulled or disconnected for many miles. I see < 50k mile SC Targa's all the time and yet to see one sell for remotely close to that much. Maybe a coupe but not a targa.

You again miss the basic idea of how the market works. 51k is 51k. Your method of valuation is but one method. Just because YOU would not pay $48k for a low milage unicorn, that's doesn't mean others will not.

If I think a Gucci belt is only worth $10, but others pay $100, I am wrong on the value. THE MARKET IS NEVER WRONG. if I insisted the belt was only worth $10, I'm an idiot who doesn't understand how the fashion belt market works. The belt is worth $100 and I don't understand how belts are priced. This does not mean I don't understand belts, however.

The complex pricing reality exists regardless of your opinion (or ignorance) of it. if you have a one-dimensional view of pricing markets that's on you....The market has spoken. Mileage trumps everything in this particular car market. $48k is the actual market value and market doesn't matter what your solitary opinion is. Is your job to understand reality and operate within it. That means trying to understand why the market values that car at 48k, regardless of your personal feelings.

BLACK3.2 12-11-2019 12:29 PM

Quote:

Originally Posted by sugarwood (Post 10685275)
You again miss the basic idea of how the market works. 51k is 51k. Your method of valuation is but one method. Just because YOU would not pay $48k for a low milage unicorn, that's doesn't mean others will not.

If I think a Gucci belt is only worth $10, but others pay $100, I am wrong on the value. THE MARKET IS NEVER WRONG. if I insisted the belt was only worth $10, I'm an idiot who doesn't understand how the fashion belt market works. The belt is worth $100 and I don't understand how belts are priced. This does not mean I don't understand belts, however.

The complex pricing reality exists regardless of your opinion (or ignorance) of it. if you have a one-dimensional view of pricing markets that's on you....The market has spoken. Mileage trumps everything in this particular car market. $48k is the actual market value and market doesn't matter what your solitary opinion is. Is your job to understand reality and operate within it. That means trying to understand why the market values that car at 48k, regardless of your personal feelings.

I mean, we don't come on here to purely discuss the market. This is an enthusiast forum, so there is an implied perspective. The problem with purely following the market is that you can't assume current trends will continue. The general consumer is fickle, however, and tastes change rapidly. Enthusiasts are different, with much more reliable tastes that are easier to forecast outward.

With the exception of the flippers on here, most of us are interested in persisting and not transient value.

Macroni 12-11-2019 01:22 PM

Quote:

Originally Posted by sugarwood (Post 10685275)
You again miss the basic idea of how the market works. 51k is 51k. Your method of valuation is but one method. Just because YOU would not pay $48k for a low milage unicorn, that's doesn't mean others will not.

If I think a Gucci belt is only worth $10, but others pay $100, I am wrong on the value. THE MARKET IS NEVER WRONG. if I insisted the belt was only worth $10, I'm an idiot who doesn't understand how the fashion belt market works. The belt is worth $100 and I don't understand how belts are priced. This does not mean I don't understand belts, however.

The complex pricing reality exists regardless of your opinion (or ignorance) of it. if you have a one-dimensional view of pricing markets that's on you....The market has spoken. Mileage trumps everything in this particular car market. $48k is the actual market value and market doesn't matter what your solitary opinion is. Is your job to understand reality and operate within it. That means trying to understand why the market values that car at 48k, regardless of your personal feelings.

Quote:

Originally Posted by BLACK3.2 (Post 10685496)
I mean, we don't come on here to purely discuss the market. This is an enthusiast forum, so there is an implied perspective. The problem with purely following the market is that you can't assume current trends will continue. The general consumer is fickle, however, and tastes change rapidly. Enthusiasts are different, with much more reliable tastes that are easier to forecast outward.

With the exception of the flippers on here, most of us are interested in persisting and not transient value.

Complex pricing reality.......Implied perspective..... excellent commentary this is why I keep tuning into this program.........

pmax 12-11-2019 02:06 PM

Quote:

Originally Posted by Macroni (Post 10685537)
Complex pricing reality.......Implied perspective..... excellent commentary this is why I keep tuning into this program.........

Question is does mileage trump condition on a used Gucci belt ?

matt930s 12-11-2019 02:13 PM

It ain’t that complicated.


Quote:

Originally Posted by Macroni (Post 10685537)
Complex pricing reality.......Implied perspective..... excellent commentary this is why I keep tuning into this program.........


NYNick 12-11-2019 02:16 PM

Quote:

Originally Posted by BLACK3.2 (Post 10685496)
I mean, we don't come on here to purely discuss the market. This is an enthusiast forum, so there is an implied perspective. The problem with purely following the market is that you can't assume current trends will continue. The general consumer is fickle, however, and tastes change rapidly. Enthusiasts are different, with much more reliable tastes that are easier to forecast outward.

With the exception of the flippers on here, most of us are interested in persisting and not transient value.

It's also too easy to call the "market" the market. Just because one fool pays too much for a car (or a house, or anything) doesn't mean that establishes the market value for those commodities. We've all seen bubbles inflate and deflate.

This is where Sugar goes headlong down the rabbit hole and ignorantly astray. He postulates that if someone is willing to pay a particular price, that establishes the baseline to call it the market price. It's lazy economics, it's typical of his individual stupidity and it's wrong.

True marketplace dynamics are made with metrics such as medians, means and sample size, not isolated incidents or sales. Haggerty has a a better handle, they're just 12 months behind and their inputted data is questionable because of reporting sources.

Sugardope operates with an independent opinion or interpretation. He's like the purist that thinks the factory got it correct every time and the car should be maintained as it left Stuttgart.

I'll give the purists their due, as they have their place in the hobby.
Not so, our ignorant sucrose troll.

sugarwood 12-11-2019 02:21 PM

Quote:

Originally Posted by matt930s (Post 10685593)
It ain’t that complicated.

Apparently, it is. You've got people who don't operate within the parameters of reality and live in an alternate dimension. They are foaming at the mouth with their BAT venom since they have absolutely no idea how the markets work and are angry about the dissonance of reality. They have no grasp on reality. Imagine an 80 year old causing a scene at McDonald's and insisting on paying 5c for a burger. No, better yet, imagine a vegetarian storming into McDonald's and demanding they shut down operations.

pmax 12-11-2019 02:46 PM

Quote:

Originally Posted by sugarwood (Post 10685603)
Apparently, it is. You've got people who don't operate within the parameters of reality and live in an alternate dimension. They are foaming at the mouth with their BAT venom since they have absolutely no idea how the markets work and are angry about the dissonance of reality. They have no grasp on reality. Imagine an 80 year old causing a scene at McDonald's and insisting on paying 5c for a burger. No, better yet, imagine a vegetarian storming into McDonald's and demanding they shut down operations.

Gucci belt huh ?

https://www.thesun.co.uk/wp-content/...SITE-GUCCI.jpg

Had to google that.

Tell us you wear one.

Rawknees'Turbo 12-11-2019 04:23 PM

^^^

Would pet the first two (from the left, you bisches!!!).

Quote:

Originally Posted by NYNick (Post 10685597)
. . .

I'll give the purists their due, as they have their place in the hobby.
Not so, our ignorant sucrose troll.

Yes, their place is to provide those of us who are not afraid to call Porsche out on their many design and build foibles, and then correct them, with a source of good laughs! :D

dwelle 12-11-2019 04:39 PM

Quote:

Originally Posted by sugarwood (Post 10685603)
You've got people who don't operate within the parameters of reality and live in an alternate dimension.

ha! you looking in the mirror again, shug?

stay gold, pony boy...

sugarwood 12-11-2019 04:54 PM

Quote:

Originally Posted by dwelle (Post 10685756)
ha! you looking in the mirror again, shug?

stay gold, pony boy...

The ones who can not grasp reality are the ones moaning about prices that real people are paying in the real world.
I am 100% on board with the reality of the market, unless many clueless fools here.

Matt Monson 12-11-2019 05:42 PM

Quote:

Originally Posted by sugarwood (Post 10685775)
The ones who can not grasp reality are the ones moaning about prices that real people are paying in the real world.
I am 100% on board with the reality of the market, unless many clueless fools here.

Totally unless clueless fools.

matt930s 12-11-2019 05:59 PM

Unless idiots!


Quote:

Originally Posted by Matt Monson (Post 10685811)
Totally unless clueless fools.


Unobtanium-inc 12-11-2019 07:13 PM

Quote:

Originally Posted by Rawknees'Turbo (Post 10685734)
^^^

Would pet the first two (from the left, you bisches!!!).



Yes, their place is to provide those of us who are not afraid to call Porsche out on their many design and build foibles, and then correct them, with a source of good laughs! :D

A friend of mine was in the back of Max Hoffman's place for the Porsche Carrera School and the Porsche reps were also going over the changes from T1 to T2. My friend asked if they were going to fix all the things that went wrong with the T1, the mistakes. Wolfgang, the Porsche Rep, said Porsche never makes mistakes, they just sometimes improve on the design the next go around.

---Adam

Rawknees'Turbo 12-11-2019 08:22 PM

Quote:

Originally Posted by Unobtanium-inc (Post 10685876)
A friend of mine was in the back of Max Hoffman's place for the Porsche Carrera School and the Porsche reps were also going over the changes from T1 to T2. My friend asked if they were going to fix all the things that went wrong with the T1, the mistakes. Wolfgang, the Porsche Rep, said Porsche never makes mistakes, they just sometimes improve on the design the next go around.

---Adam

That "never makes mistakes" line makes me think of the times when a topic/mod/improvement is being discussed in 911 Tech and someone pipes up with, "You think you know better than the Porsche designers", and I always respond along lines of "apparently so, have you seen the good thinking that went into things like head studs materials, wiring worst practices, turbocharger oil plumbing, turbocharger selection (ridiculous turbo lag for no good reason), valve guide material choice, exhaust system fasteners, etc., etc., etc.". For some though, the almighty, Porsche knows best, lore is the be all end all, despite data that says otherwise.


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