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-   Porsche Marketplace Discussion (http://forums.pelicanparts.com/forumdisplay.php?f=268)
-   -   Price Drops Here there and Everywhere...It Has Begun in Earnest (http://forums.pelicanparts.com/showthread.php?t=1044746)

Vaive 11-12-2019 12:10 PM

Oh Snap!
Even BAT is starting to wake up from its 2016 slumber.
sub-100K miles '85 Coupe Sold for $36K.

Granted, the paint, yes. But still, 4 owners, maintenance history, California car.

Sell now or be priced in forever.

Macroni 11-12-2019 12:22 PM

Quote:

Originally Posted by Vaive (Post 10655180)

Sell now or be priced in forever.



snore........

specialtyoneinc 11-12-2019 12:44 PM

Quote:

Originally Posted by Vaive (Post 10655180)
Oh Snap!
Even BAT is starting to wake up from its 2016 slumber.
sub-100K miles '85 Coupe Sold for $36K.

Granted, the paint, yes. But still, 4 owners, maintenance history, California car.

Sell now or be priced in forever.

https://bringatrailer.com/listing/1985-porsche-911-carrera-52/


$38k all in seemed about right for that driver. Love Prussian Blue but that car looked a little rough and TMU mention in the description didn't help it. At the end of the day the buyer is going to be well into the $40s if they start to sort some the cosmetic issues, minor mechanical needs, and pay taxes/reg.

Vaive 11-12-2019 12:57 PM

Remember back around August, when everyone was laughing at the notion of prices dropping 30%? UNPOSSIBLE!


http://forums.pelicanparts.com/uploa...1573595767.png

trader220 11-12-2019 01:00 PM

Quote:

Originally Posted by Vaive (Post 10655239)
Remember back around August, when everyone was laughing at the notion of prices dropping 30%? UNPOSSIBLE!


http://forums.pelicanparts.com/uploa...1573595767.png




One car does not make the market or trend and clearly that car was priced WAY too high to begin with.

If I list a nice clean straight 1987 911 coupe with 100k miles on it for $250k dollars and over the course of three months walk the asking price down to $40k does that mean the market is crashing?

Vaive 11-12-2019 01:05 PM

Quote:

Originally Posted by trader220 (Post 10655241)
One car does not make the market or trend and clearly that car was priced WAY too high to begin with.

If I list a nice clean straight 1987 911 coupe with 100k miles on it for $250k dollars and over the course of three months walk the asking price down to $40k does that mean the market is crashing?

No it's crashing because a year ago that would have sold for $50K.

trader220 11-12-2019 01:13 PM

Quote:

Originally Posted by Vaive (Post 10655250)
No it's crashing because a year ago that would have sold for $50K.

It may or may not have sold for 50 last year... this year its probably lower but not crashing.

Mocker 11-12-2019 01:19 PM

Asking prices ≠ selling prices.

That is all.

Matt Monson 11-12-2019 01:27 PM

Quote:

Originally Posted by Vaive (Post 10655239)
Remember back around August, when everyone was laughing at the notion of prices dropping 30%? UNPOSSIBLE!


http://forums.pelicanparts.com/uploa...1573595767.png

A 1977 guards red 911S targa with TMU for $47K? That's almost as funny as the "prototype" that's been on Ebay for a million bucks for a decade. That car better be perfect at that price. A condition 2 '77 has been flat lined at $32k for the better part of 2 years now, so he's getting close to the real price. If the car is condition 3, he's still got a ways to go to hit a real market price. Like Trader said, you keep finding examples of idiots trying to sell way off the mark and taking their markdowns as some sort of collapse of the market. I would expect that car to sell between 28-30k, which is right about the same I would have said a year ago. But keep trying...

specialtyoneinc 11-12-2019 01:44 PM

Vaive is the 93097004xx bear in air-cooled valuations.

Macroni 11-12-2019 02:16 PM

https://bringatrailer.com/listing/1987-porsche-911-carrera-26/

I guess this buyer didn't get the memo.......

dwelle 11-12-2019 02:21 PM

Quote:

Originally Posted by specialtyoneinc (Post 10655277)
Vaive is the 93097004xx bear in air-cooled valuations.

indeed! well played...

specialtyoneinc 11-12-2019 02:24 PM

Quote:

Originally Posted by Macroni (Post 10655303)
https://bringatrailer.com/listing/1987-porsche-911-carrera-26/

I guess this buyer didn't get the memo.......

This buyer really missed the memo since they bought 3 weeks ago. :)

https://bringatrailer.com/listing/1987-porsche-911-carrera-42/

NYNick 11-12-2019 02:25 PM

Who's Drake?

sugarwood 11-12-2019 02:30 PM

Quote:

Originally Posted by Vaive (Post 10655180)
.

Sell now or be priced in forever.

Hilarious !!
Great post

Matt Monson 11-12-2019 02:31 PM

Quote:

Originally Posted by NYNick (Post 10655316)
Who's Drake?

A no talent clown...

https://www.youtube.com/watch?v=Y8zDgcYfhaQ

pmax 11-12-2019 07:24 PM

The PML dude timed it completely wrong, didn't he ?

It has been ... what ... 6 years and counting not be indulging yourself in a hobby if he was in fact for real in the first place.

That's a long time in anyone's book of life.

NYNick 11-13-2019 05:26 AM

Quote:

Originally Posted by pmax (Post 10655601)
The PML dude timed it completely wrong, didn't he ?

It has been ... what ... 6 years and counting not be indulging yourself in a hobby if he was in fact for real in the first place.

That's a long time in anyone's book of life.

There's been a few more willing shyte heads to fill his shoes.

MrBonus 11-13-2019 05:37 AM

Quote:

Originally Posted by pmax (Post 10655601)
The PML dude timed it completely wrong, didn't he ?

It has been ... what ... 6 years and counting not be indulging yourself in a hobby if he was in fact for real in the first place.

That's a long time in anyone's book of life.

Once we've rid our streets of ICE vehicles and we're riding around in autonomous flying cars, he will be ready to dive into the hobby.

creaturecat 11-13-2019 06:07 AM

http://forums.pelicanparts.com/uploa...1573657586.png


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