No bubble here

[ab1752]

The issue with BaT is the implied premise that because the vehicle is on their site it must be fantastic or at least validated through the folks pouring over the pic and description. The peanut gallery's knowledge of a certain vehicle is one thing, the seller misrepresenting a vehicle is entirely another. My point about "bat guarantee" would simply be another level of security offered to a buyer who is purchasing sight unseen from often 1,000's of miles away during an auction count down. In a perfect world there would be a grace period after the close of the auction where a proper due diligence on the buyer's behalf could occur...perhaps this is a thing already with BaT but to my knowledge, it is not.

[Matt Monson]

BaT would crash and burn like a hydrogen blimp if Post purchase inspections with a backout clause became the norm. Nobody would sell there when the buy isn’t binding. It would be no different than eBay.

[Pfan]

IMO the BAT model works well as is...whether is Porsche, or any other brand no matter how well known. With so many followers, the real "experts" add value for a buyer and the price for non disclosure is punitive as it should be. Case in point, my recent sale, that ultimately was found to have rolled over multiple times strapped to a truck, salvaged, pieced back together, retitled in another state with a missing VIN and the builder who tried to sabotage the sale from day one so he could get it cheap. A great show and the market ultimately prevailed. For a classic BAT:
https://bringatrailer.com/listing/1994-ssz-motorcars-ssz-stradale-mark-ii/

[Matt Monson]

Didn’t read beyond the item description. That is one wicked little car!

[juanbenae]

Originally Posted by faverymi

What is your annual premium and restrictions?

Is it the only car in the policy?

Thanks a lot

as I recall around $4-5 hundred a year, 5K miles, required to be garage kept, no to work driving, declaration of other cars and licensed driver's in the household (three vehicles single driver). they state it is for pleasure driving, but ive always wondered if it was stolen from a grocery store parking lot what the battle might be for the claim to be paid or away from the car at the beach or farmer's market.

[Matt Monson]

They won’t cover any sort of on track incidents. You get other insurance for that if that’s a concern. Runs around $2k per weekend and can be bought on a by event basis.

[Driven97]

I was very transparent with Hagerty that I use my car as an autocross & occasional track day car, and wanted to be covered for when I drive it to / from events. They said no problem, I just wasn't covered on course.

I have a historic plate and I'm not allowed to commute in it. I think they may have asked my annual mileage as well, but I'm not 100% sure.

[Pchmotoho]

They just did my 79 SC for 57k with receipts dating back 4K
Miles ago totaling 78k. What was interesting is that the 87 i thought I would buy was going to be 1k
A year with a value of 51. The SC was something like 510.

They said there’s a certain point for mid 80s car that can be a substantial increase in cost

[whiterabbit]

Originally Posted by Pchmotoho

They just did my 79 SC for 57k with receipts dating back 4K
Miles ago totaling 78k. What was interesting is that the 87 i thought I would buy was going to be 1k
A year with a value of 51. The SC was something like 510.

They said there’s a certain point for mid 80s car that can be a substantial increase in cost

On my 1984 they wanted $400 a year more to up the value from 28k to 38k. I decided to take the risk and keep the lower value as I barely drive the car 2k miles a year.

[JMS935]

Originally Posted by whiterabbit

On my 1984 they wanted $400 a year more to up the value from 28k to 38k. I decided to take the risk and keep the lower value as I barely drive the car 2k miles a year.

Sounds like you should shop around for better insurance, cause $400/year for a 10k increase in value is way too much money.

[jwill911]

In reference to insurance costs:
On My `87 Carrera Coupe, agreed value $45K there is a mileage/year limit but I'm not sure what that is as I don't drive it much to be concerned. It's listed as a classic car must be garaged, before I retired I drove to work every Friday. I pay ~$375 /year.

John

[GothingNC]

82 SC with 75,000 miles sold for $56K

https://bringatrailer.com/listing/1982-porsche-911sc-22/

[JMS935]

Originally Posted by GothingNC

82 SC with 75,000 miles sold for $56K

https://bringatrailer.com/listing/1982-porsche-911sc-22/

That is nuts! Do people get drunk before they bid on BaT? Cause that’s stupid money buying that car.

[euro1984]

Originally Posted by JMS935

That is nuts! Do people get drunk before they bid on BaT? Cause that’s stupid money buying that car.

I think the market has risen a good bit lately for good SC's and 3.2's. There were at least 5 bidders for this car at over 45k. So if the owner overpaid it wasn't by that much IMHO. If you consider the original chiffon paint worth a 5k-10k premium then the car is worth 50k. Probably by end of summer this year this car will seem like a bargain.

[manbridge 74]

The buy-in for clean original 911s is going up. Not a lot to choose from.

Happening to other makes as well. I was looking at original 1970 Pontiac Firebird Formula 400s the other day. Nowhere near the build quality of a 911 and still $50-65K for a good example.

[JMS935]

Originally Posted by euro1984

I think the market has risen a good bit lately for good SC's and 3.2's. There were at least 5 bidders for this car at over 45k. So if the owner overpaid it wasn't by that much IMHO. If you consider the original chiffon paint worth a 5k-10k premium then the car is worth 50k. Probably by end of summer this year this car will seem like a bargain.

Here’s a 930 with the same mileage on it that sold for the same dollars just a few months ago. Like I said, that is just stupid money to pay that kind of money for such an inferior car when you can still find the real deal for the same money. It’s like these buyers have BaT blinders on, that’s all they’re willing to look at.

https://www.ebay.com/itm/263360448246?ul_ref=https%253A%252F%252Frover.ebay .com%252Frover%252F0%252Fe11051.m43.l1123%252F7%25 3Feuid%253D6e1238f54053430c9d9f64bbca647b0e%2526bu %253D43087811749%2526loc%253Dhttp%25253A%25252F%25 252Fwww.ebay.com%25252Fulk%25252Fitm%25252F2633604 48246%2526sojTags%253Dbu%253Dbu%2526srcrot%253De11 051.m43.l1123%2526rvr_id%253D0&ul_noapp=true

[manbridge 74]

Unfortunate the guy who sold the 930 picked the wrong time to sell a modified car with only four pics. Not a big market for these with buyers demanding OE cars.

[JMS935]

There are obviously a lot more buyers at the lower end of the market, which is why these inferior entry grade models are in demand. So people can say they own a Porsche 911. It’s not smart money though, just my two cents.

[MrBonus]

Originally Posted by JMS935

There are obviously a lot more buyers at the lower end of the market, which is why these inferior entry grade models are in demand. So people can say they own a Porsche 911. It’s not smart money though, just my two cents.

The "I'll restore/fix it later" crowd.

[pmax]

Originally Posted by GothingNC

82 SC with 75,000 miles sold for $56K

https://bringatrailer.com/listing/1982-porsche-911sc-22/

Verified low mileage, all original of course, p-cars are the realm of a different class of buyers.