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-   -   Theory on why BAT gets higher prices than Ebay (http://forums.pelicanparts.com/showthread.php?t=928082)

McLovin 09-19-2016 02:31 PM

You can see the softening in the market in the BaT auctions.

Look at the auctions that closed today and Friday.

More percentage of "Reserve Not Met" than ever. It's really a large number.

BaT tries to prevent Reserve Not Mets by forcing a "lowball" reserve (I know, I've gone through it with them).

And, historically, in the rising market they were pretty good with their estimates. The vast majority of their auctions met reserve.

But even their low reserve numbers aren't low enough for the realities of the declining market. They are now behind the curve on the decline. Thus the high number of Reserve Not Mets.

They, like everyone else, need to recalibrate their numbers.

billh1963 09-19-2016 02:50 PM

Quote:

Originally Posted by McLovin (Post 9287651)
You can see the softening in the market in the BaT auctions.

Look at the auctions that closed today and Friday.

More percentage of "Reserve Not Met" than ever. It's really a large number.

BaT tries to prevent Reserve Not Mets by forcing a "lowball" reserve (I know, I've gone through it with them).

And, historically, in the rising market they were pretty good with their estimates. The vast majority of their auctions met reserve.

But even their low reserve numbers aren't low enough for the realities of the declining market. They are now behind the curve on the decline. Thus the high number of Reserve Not Mets.

They, like everyone else, need to recalibrate their numbers.


shhhhhhh....a few people on here are adamant the market is not declining ;)

Skwerl 09-19-2016 03:06 PM

Quote:

Originally Posted by billh1963 (Post 9287669)
shhhhhhh....a few people on here are adamant the market is not declining ;)

You just need to be careful about phrasing it as "the market for average cars is declining," so you aren't bombarded with anecdotes about a guy whose buddy totally just sold his 5,000-mile 964 C4 for $200k the other day.

Rawknees'Turbo 09-19-2016 03:28 PM

Quote:

Originally Posted by Skwerl (Post 9287688)
You just need to be careful about phrasing it as "the market for average cars is declining," so you aren't bombarded with anecdotes about a guy whose buddy totally just sold his 5,000-mile 964 C4 for $200k the other day.

Wouldn't 5000 miles relegate that car to basketcase, beater status requiring $25K plus to make right?!?!?!

Rick Brooklyn 09-19-2016 04:49 PM

Isn't declining fast enough. I want my no-rust, all original # matching condition 2.5 Irish Green 356 for $50k, and I want it now.

Matt Monson 09-19-2016 05:00 PM

Quote:

Originally Posted by Rick Brooklyn (Post 9287825)
Isn't declining fast enough. I want my no-rust, all original # matching condition 2.5 Irish Green 356 for $50k, and I want it now.

Shyte. I want one for $18,500 like they used to be for a 64 SC when I got into this thing. Still holding out for my neighbor to sell me his B coupe that needs a top end engine job. But so far he won't even let me in the barn.

GothingNC 09-19-2016 05:09 PM

This SC Coupe is now at $30K now with 2 days left.

Paint overspray
warped dash
Not sure if mileage is accurate
replica fuchs

Plus is it had the head studs replaced.

1980 Porsche 911SC Coupe | Bring a Trailer

matt930s 09-19-2016 05:16 PM

Quote:

Originally Posted by GothingNC (Post 9287850)
This SC Coupe is now at $30K now with 2 days left.

Paint overspray
warped dash
Not sure if mileage is accurate
replica fuchs

Plus is it had the head studs replaced.

1980 Porsche 911SC Coupe | Bring a Trailer


Love that color. Had it on a old 928....

MattR

GothingNC 09-19-2016 05:24 PM

Quote:

Originally Posted by matt930s (Post 9287854)
Love that color. Had it on a old 928....

MattR

One of my favorite color's too !

ficke 09-19-2016 05:28 PM

Quote:

Originally Posted by GothingNC (Post 9287869)
One of my favorite color's too !

The way people talk about color on cars really lets me know I am missing something, because I must be so color blind, I just do not get 'it':(

Rick Brooklyn 09-19-2016 05:35 PM

Quote:

Originally Posted by GothingNC (Post 9287850)
This SC Coupe is now at $30K now with 2 days left.

Paint overspray
warped dash
Not sure if mileage is accurate
replica fuchs

Plus is it had the head studs replaced.

1980 Porsche 911SC Coupe | Bring a Trailer

Head studs replaced, if done right (big if) it's actually a pretty good thing, no?

Rawknees'Turbo 09-19-2016 05:50 PM

Quote:

Originally Posted by ficke (Post 9287873)
The way people talk about color on cars really lets me know I am missing something, because I must be so color blind, I just do not get 'it':(

IckyFicke, I understand how some people like certain colors more than others, butt what I don't get is how car color supposedly plays a role in what a car is worth (the whole "it's a desirable, flesh tone, fecal matter, or shrubbery color, so the car as a whole is worth more") - that is bizzarro to me.

matt930s 09-19-2016 06:28 PM

Wtf...lol....

I just said I liked the color...lol... Reading way too much into it fellas...
Btw, I also like India Red.....oh the inhumanity!




MattRhttp://forums.pelicanparts.com/uploa...1474338466.jpg

Matt Monson 09-19-2016 06:46 PM

That blue is the color I drooled over as a kid. That was THE color for me.

Rawknees'Turbo 09-19-2016 06:54 PM

Quote:

Originally Posted by matt930s (Post 9287968)
Wtf...lol....

I just said I liked the color...lol... Reading way too much into it fellas...
Btw, I also like India Red.....oh the inhumanity!




I wasn't referring to you, Phat - I don't recall you making a "worth more because looks like some color the dog barfed up" statement.

ficke 09-19-2016 07:04 PM

No, I really am color blind. I really do not see much difference between greens and red and blues.
I know cars are visual things to many people and that is why car shows or so popular, but I am 'blind' to it.
Maybe that is why I pretty much see cars as dynamic things that need to be enjoyed while in motion, and do not get much out of the static visual thing with them. Like car shows and such.
I go to them, but I really do not 'get' it.
Just my view. Nothing more.

specialtyoneinc 09-19-2016 09:16 PM

Quote:

Originally Posted by Rawknees'Turbo (Post 9287913)
IckyFicke, I understand how some people like certain colors more than others, butt what I don't get is how car color supposedly plays a roll is what a car is worth (the whole "it's a desirable, flesh tone, fecal matter, or shrubbery color, so the car as a whole is worth more") - that is bizzarro to me.

I'm with you. I can understand a collectors piece being worth a whole lot more due to a super rare color but people paying huge premiums on run of the mill/driver condition air-cooled 911s is quite funny. Imagine if Guards Red or Black was only a PTS color offered from Porsche in the 80s.

Matt Monson 09-20-2016 07:27 AM

I like the poop colors but would never buy one. I stick to the Skittles colors; blues, greens, oranges, and yellows in particular.

Rawknees'Turbo 09-20-2016 05:59 PM

Quote:

Originally Posted by Matt Monson (Post 9288425)
I stick to the Skittles colors; blues, greens, oranges, and yellows in particular.


MLP approved, MountainMan (not that there's anything wrong wiff dat')!

https://i.kinja-img.com/gawker-media...dqt74z6jpg.jpg

sugarwood 09-22-2016 12:37 AM

Wow, I would have thought this is closer to a 9k car.
1989 Mercedes-Benz 560SL | Bring a Trailer


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