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Saw a '07 TT sell today for $66K

Dus10R

By Dus10R
in 997 TT, 997 GT2

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Dus10R Member

Dus10R

Posted
Posted

Was at a auction today and saw a '07 997 TT with 35K sell for $66K.

Wow! What a steal. Exotics have dumped in value. Ferrari 360 Modena's can now be had in the $60's and $70's. Saw a Ferrari 430 with 9K miles sell for $145K. Lamborghini Gallardo go for $64K. Good time to buy, bad time to sell.

  • 2 weeks later...
Jmariano0285 Member

Jmariano0285

Posted
Posted
Was at a auction today and saw a '07 997 TT with 35K sell for $66K.

Wow! What a steal. Exotics have dumped in value. Ferrari 360 Modena's can now be had in the $60's and $70's. Saw a Ferrari 430 with 9K miles sell for $145K. Lamborghini Gallardo go for $64K. Good time to buy, bad time to sell.

I find that pretty hard to believe.... at what auction was this?

I'm calling b.s.

Jmariano0285 Member

Jmariano0285

Posted
Posted
Not a bit surprised...especially at an auction.

Well considering they sell here in jersey every week for high 70's- low 80's, I don't know who in their right mind would take a 10-14k hit on a car instead of just shippin it to somewhere where they can get the right $ for it. Unless the car has some sort of branded title, I find it hard to believe. So I don't think saying that they are not worth anything right now is an accurate statement, sorry.

phillipj Member

phillipj

Posted
Posted (edited)
Not a bit surprised...especially at an auction.

Well considering they sell here in jersey every week for high 70's- low 80's, I don't know who in their right mind would take a 10-14k hit on a car instead of just shippin it to somewhere where they can get the right $ for it. Unless the car has some sort of branded title, I find it hard to believe. So I don't think saying that they are not worth anything right now is an accurate statement, sorry.

Auction cars go for a serious discount because in many cases you cannot inspect them before purchase. The car may have had issues or been a theft recovery with unknown treatment. $66k for a turbo at auction is not out of the question in todays market. This is where dealers get many of their cars and sell them for the figures you mentioned.

I don't believe the original post ever said that "they were not worth anything".

:cheers:

Edited by phillipj
Jmariano0285 Member

Jmariano0285

Posted
Posted

As a dealer myself I'm very familiar with how an auction works, but thanks... but it still is an inaccurate statement to say that "exotics have dumped in value" because of One car that sold way below auction average.

:cheers:

phillipj Member

phillipj

Posted
Posted (edited)

Sorry,

I wasn't trying to be an auction expert and I had no idea you were a dealer. Just plausible that a troubled Turbo could go for that price.

All the best.. Oh By the way.. Here is a nice Lambo with some minor smoke damage :clapping: :beer:

post-7267-1253815263_thumb.jpg

post-7267-1253815278_thumb.jpg

Edited by phillipj
phillipj Member

phillipj

Posted
Posted
also, I guess I was wrong to call b.s. on it, I just got a little frustrated thats all. So I'm sorry too

No need my frriend. That's what this forum is for... Healthy disscussion...

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