Will Corona effect the Supercar Market

[Nano2nd]

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

theres still plenty of super rich people that will be completely unaffected by any level of upcoming apocalypse

[Cheib]

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

I think it’s £20k less than it would have been six weeks ago....rare car that would normally be priced at a decent premium to standard paint colours etc. If it doesn’t sell relatively quickly would be a really bad sign. OPC’s currently have cars listed between £147k and £175k for context (latter is at least £10k too much)

[cayman-black]

Cheib said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

I think it’s £20k less than it would have been six weeks ago....rare car that would normally be priced at a decent premium to standard paint colours etc. If it doesn’t sell relatively quickly would be a really bad sign. OPC’s currently have cars listed between £147k and £175k for context (latter is at least £10k too much)

Even so, that's a bloody quick sale.

[av185]

That RS was good value bearing in mind the spec and mileage.

[Cheib]

cayman-black said:

Cheib said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

I think it’s £20k less than it would have been six weeks ago....rare car that would normally be priced at a decent premium to standard paint colours etc. If it doesn’t sell relatively quickly would be a really bad sign. OPC’s currently have cars listed between £147k and £175k for context (latter is at least £10k too much)

Even so, that's a bloody quick sale.

Absolutely but have seen similar during Covid...DK sold a 1964 SWB 911 in 24 hours a couple of weeks ago. And they have also sold this 991.2 GT3 RS which was advertised 4 days ago. No idea what the asking prices were though.

https://www.dkeng.co.uk/ferrari-sales/1199/Prestig...
https://www.dkeng.co.uk/Vehicle_Archive/1189/porsc...

Although they advertised this 812 for £245k a month ago which they said was “priced to be bought blind” and hasn’t sold

https://www.dkeng.co.uk/ferrari-sales/1185/prestig...

[DeuceDeuce]

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

Sold for £140k apparently. (According to a guy that just missed out on buying it).

[gbrown2014]

I thought the RS looked cheap especially when there was a LHD in a normal colour for 5k less... that was until I saw the brand new f12 at 175k!!

[tokyotv]

DeuceDeuce said:

Sold for £140k apparently. (According to a guy that just missed out on buying it).

How do you know its sold?

Doesn’t say sold on THj website.

Just curious.

[So]

Nano2nd said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

theres still plenty of super rich people that will be completely unaffected by any level of upcoming apocalypse

I am not sure how true that is.

They may not be affected to a point where they're flogging off the family silver or worrying about paying the gas bill, but I think most people will be affected to some degree. Most wealthy people have investments and some of those investments will have devalued.

[DeuceDeuce]

tokyotv said:

How do you know its sold?

Doesn’t say sold on THj website.

Just curious.

I don’t know for certain. I just saw a wanted post on the Porsche Owners UK Facebook page in which a guy that missed out on the car yesterday and was looking for similar.

[Wilmslowboy]

It plays to the fact the old rules of demand and supply (together with the price elasticity of demand) all still apply.

Yes there is a 'frozen mkt' to some degree, but reduce price and the demand is there, cars are selling and not at 'fire sale' values.

This car may have commanded 20% more 2 months ago, but so did my pension and share portfolio


For now, these '20% discounted' cars are flying off the shelf, however, it won't be long until this is the new norm.

Cheib said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

I think it’s £20k less than it would have been six weeks ago....rare car that would normally be priced at a decent premium to standard paint colours etc. If it doesn’t sell relatively quickly would be a really bad sign. OPC’s currently have cars listed between £147k and £175k for context (latter is at least £10k too much)

[Soleith]

Interesting interview with Tom Hartley sr.

“I’ve been through several recessions,” he notes, “so I know what to expect. I know I’m going to lose a seven-figure sum on this stock, but I’m well placed to deal with it.”

https://www.autocar.co.uk/car-news/features/britai...

[jonah35]

Soleith said:

Interesting interview with Tom Hartley sr.

“I’ve been through several recessions,” he notes, “so I know what to expect. I know I’m going to lose a seven-figure sum on this stock, but I’m well placed to deal with it.”

https://www.autocar.co.uk/car-news/features/britai...

Man speaks sense
Drops his prices and keeps trading

When traders are retailing cars for less than private sellers (as private sellers still lying to themselves about value) it always points to a deep recession

[GT4RS]

DeuceDeuce said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

Sold for £140k apparently. (According to a guy that just missed out on buying it).

That’s a very good buy at £140k

[JulierPass]

GT4RS said:

DeuceDeuce said:

Wilmslowboy said:

Some suggestion that THJ's 991.GT3RS (Ad at £147k) - sold - 48 hours or so

There appear to be buyers out there for value.

Sold for £140k apparently. (According to a guy that just missed out on buying it).

That’s a very good buy at £140k

Am I the only one in thinking that this isn't very good but just the start of the new norm? My 2p's worth is if this very low mileage PTS car sold for £140K then a decent UV car in the right spec should be retailing around £125 to £130K. Manual CS 991.2 GT3's should now be £100 ish.

[av185]

Apples and pears on age.

To compare a 2016 RS with a 2018 GT3.

2018 GT3 RS selling at £175k AP DK eng just sold a black one.

Edited by av185 on Sunday 26th April 13:47

[gbrown2014]

Does anybody have a rough idea of list on that dk car? Trying to work out rough 991.2 RS overs

[JulierPass]

av185 said:

Apples and pears on age.

To compare a 2016 RS with a 2018 GT3.

2018 GT3 RS selling at £175k AP DK eng just sold a black one.

Edited by av185 on Sunday 26th April 13:47

Not really. A 991.1 RS has always traded higher than a 991.2 GT3. The black 2018 car is the mk2 and was the first to be sold at a sensible price and was traded as part of a 3 car deal in exchange for an f40.

[Cheib]

gbrown2014 said:

Does anybody have a rough idea of list on that dk car? Trying to work out rough 991.2 RS overs

..
Apparently sold for £170k. My guess is £10k over list...I can’t remember what the came out to specced but a regular GT3 is in the £130 to £140k bracket.

[Petrus1983]

There’s a sub £800k Porsche 918 on AutoTrader- is that normal or linked to conditions? Will the higher echelons fair better?