The Official Bring A Trailer (BaT) Thread

[stephen]

I watched that one, the desire was strong.

I recently sold my 6-speed RWD E91 and don't really want another one at the moment (even though they're amazing cars) but I was still tempted by that one.

A $42k 3 series might be crazier than the 125k mile M3 for $49k.

BMW doesn't make anything new that's comparable to that E91. The spec is doing most of the heavy lifting there though. Manual and RWD is uncommon. Throw in M Sport and a desirable color combo and it's a low-mileage example? You won't find another.

[oceansize]

A $42k 3 series might be crazier than the 125k mile M3 for $49k.

Name a better wagon for $42k in production today 🤣

I bought a 2022 Subaru Outback brand new for my wife cause that's what she wanted. Right in that same ballpark money wise (little less). The worst car I've ever owned. That head unit is unbelievably bad and the CVT, good god. Dumped that thing for a new VW Tiguan R Line Black. At least that thing shifts properly and doesn't ride like a meandering elephant.

Honestly, part of me wishes I had bought this.

[tnord]

A $42k 3 series might be crazier than the 125k mile M3 for $49k.

[oceansize]

Nice to see this E91 pull what it deserves
https://bringatrailer.com/listing/20...ports-wagon-2/

I watched that one, the desire was strong.

[0-60motorsports]

Don't sell yourself that low! Describe yourself in BaT talk.... "A gallant and vernal chap, recently reanimated with verdant verve whilst gallivanting through neoteric lands.

hhhahahahhahaha

[stephen]

Nice to see this E91 pull what it deserves

https://bringatrailer.com/listing/2012-bmw-328i-sports-wagon-2/

[Tbonem3]

Don't sell yourself that low! Describe yourself in BaT talk.... "A gallant and vernal chap, recently reanimated with verdant verve whilst gallivanting through neoteric lands.

[02_lsb]

Matt@euroconnex is that you?

lol I had to look up what that was. No. I’m just a dude.

[Tbonem3]

wtf is a curator? It’s like EAG saying they’re rejuvenators. You sell used cars for a profit. It’s a dealership, a mostly honest profession. Don’t make up random words.

Edit: I bought our rejuvenated minivan from a boutique Toyota curator.

That sounds fancy!!!

Matt@euroconnex is that you?

[0-60motorsports]

no. Pretty sure it’s meth.

Hahaha yes

[oceansize]

Knowing markets the way I do, I'm almost certain that's one level of game playing. Also the fact that we have zero visibility on "sales" not consummated. I can't track down the irrational bidders, other than (1) dealers bidding up their buddies' cars and (2) never actually parting with the money or title changing hands.

maw

And the too long didn't read is this from the rennlist post:

TLDR: franchise dealers are on both sides of these BaT sales. They give allocations to independents, the independents sell on BaT, and then franchise dealers buy the cars back and CPO them. BaT is the laundromat in the middle that turns dealer-to-dealer flips into "market comps." I always assumed flippers were a separate cohort of folks. They aren't. And I am not saying all porsche dealers are in on this but quite a few are. I am sorry this post got long. I've been researching this thing for weeks. That's where I've been if you're wondering.

47% of 130 sales from BAT are from dealers, but here's the thing: there's not a single Porsche franchise dealer selling on BaT in this entire dataset. Every seller is an independent. These are independent dealer principals who are getting GT3 allocations from Porsche franchise dealers and listing them on BaT.

WOB is a consignment shop in Thousand Oaks run by Robert Dietz. Their website (wobcars.com) openly advertises what they do: "You can count on us to have your car sold at a premium price." They call themselves "the largest curator of cars" on BaT, say they sell 50+ vehicles a month on the platform, and work on commission that scales with the value of the car. They even brag about setting the record for the highest-selling 992 GT3 Touring on BaT. This is all on their website. They've sold 12 GT3s on BaT for $4.1M. That's one operator doing almost 10% of the entire BaT 992 GT3 market by dollar volume. I looked at who's buying WOB's GT3s. Out of 12 buyers, three are confirmed dealer pipelines — Freddy_308 (cars at Eurocars OC), meepcars (Hendrick → Porsche SLO), Shahabi (Cardinale → Porsche Edison). That's $863k in confirmed dealer volume — 21% of WOB's GT3 output going to accounts I can tie directly to dealer lots. Four more buyers look like dealers too — JimDiaz (same-month account, $384k), Petrus2000 (no account data available), SRNYC (6-month account, $327k), and speedman9000 (22-month account, $457k). Two more — Ksw ($447k) and Andrew109 ($270k) — already have their VINs back on resale platforms. That leaves three of WOB's 12 GT3 buyers who appear to be actual people keeping a car. And sure you can "purchase" a car and flip it as a consumer, but please if you're pretending to be a consumer and its ending up on a dealer lot...

[maw1124]

Did you see the thread on rennlist talking about BAT and GT3 prices which strongly alludes to price manipulation amongst dealers? Interesting read, IMO there is no proof, but I wouldn't be shocked if that is occurring.

Knowing markets the way I do, I'm almost certain that's one level of game playing. Also the fact that we have zero visibility on "sales" not consummated. I can't track down the irrational bidders, other than (1) dealers bidding up their buddies' cars and (2) never actually parting with the money or title changing hands.

maw

EDIT... oceansize thanks for this... I completely missed the need for an intermediary because OEM police their dealers... all makes total sense now.

[02_lsb]

I think it's the photography.

no. Pretty sure it’s meth.

[Tbonem3]

Is this for real life? WTF just happened?

it’s a titanium silver with 125k. How?

https://bringatrailer.com/listing/20...-m3-coupe-231/

I think it's the photography.

[simon_c]

I think the worst part is now someone of us (myself included) may be overvaluing our cars but maybe this is the new market?