The Official Bring A Trailer (BaT) Thread

[tnord]

$25k at best. It's silver! If this wasn't on BaT and was posted on Facebook, it'd have 100+ comments saying that the seller is on crack and "does it come with extra $25k in the trunk?" It's total bullshit that Bringatrailer and Cars&Bids censors and hides any comments that aren't ass-kissing or boosting the auction.

I don't mind silver, and can look past it especially for a slicktop and cinnamon. To me the spec is an overall positive, certainly better than PY!

[EthanolTurbo]

I don't mind silver, and can look past it especially for a slicktop and cinnamon. To me the spec is an overall positive, certainly better than PY!

Of course... but not for $50k+. WAY better cars than a silver E46 M3 for $50k.

[tnord]

of course...I was saying it's around a $25k car, not $50k.

Somebody offers me $50k for mine and I probably take it.

[0-60motorsports]

$25k at best. It's silver! If this wasn't on BaT and was posted on Facebook, it'd have 100+ comments saying that the seller is on crack and "does it come with extra $25k in the trunk?" It's total bullshit that Bringatrailer and Cars&Bids censors and hides any comments that aren't ass-kissing or boosting the auction.

this!

[simon_c]

of course...I was saying it's around a $25k car, not $50k.

Somebody offers me $50k for mine and I probably take it.

It'll only really happen on a place like BaT though but I'm in the same boat. Really has me thinking about listing but honestly don't really want to deal with the BaT crowd and the whole process.

[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?

[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.

[02_lsb]

I think it's the photography.

no. Pretty sure it’s meth.

[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.

[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...

[0-60motorsports]

no. Pretty sure it’s meth.

Hahaha yes

[02_lsb]

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...

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!!!
For anyone reading - nature of my response is sarcastic. Perhaps it is difficult to portray via the thread 😀

[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?

[02_lsb]

Matt@euroconnex is that you?

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

[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.