996 Turbo / GT2 Turbo discussion on previous model 2000-2005 Porsche 911 Twin Turbo and 911 GT2.

Wholly poop - GT2 prices

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Old Feb 24, 2016 | 05:45 AM
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Wholly poop - GT2 prices

I know they are climbing rapidly but this is ridiculous:
http://suchen.mobile.de/auto-inserat...formation_fsbo
 
Old Feb 24, 2016 | 05:56 AM
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Likely because it's a factory specced Clubsport (EU option only). If GT2=Rare, then this is the GT2 of GT2s. Unless you're a hardcore collector I doubt it matters though.

Differences
Roll Cage
6 Point Harnesses
Fire Extinguisher
GT3 Seats are covered in fireproof fabric, not leather
Single mass flywheel
Radio/AC delete (can be readded at no charge)
 
Old Feb 24, 2016 | 06:21 AM
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Thanks for posting!
I hear they are selling(not just asking) at those prices...as always with Porsche, the more hardcore the build, the more money it pulls down the line...less IS more
 
Old Feb 24, 2016 | 12:23 PM
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Sure thing, Rob. But I kinda doubt that it will go at that price - or even close. Last week I was picking up parts at my local dealer, and they had a 997GT2RS for €450k. CS or not, a half-million €'s is just a bit much for a 6 GT2. Be happy your car is not worth more - at some point you'd be too scared to drive it! And I am sure just based on the time I've seen you posting, you made a killing already.

As one of the guys on a German board put it: he's posted an ad in advance for the year 2025. :-p
 
Old Feb 24, 2016 | 12:32 PM
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Like all bubbles this one will pop too, values are heavily reliant on current economic conditions. People see there are rough times ahead and are starting to unload now before prices start to decline. Jerry Seinfeld is a perfect example for this CLICK ME. The collector car market is exactly that, another market, just like the housing market, stock market, currency market etc.
 
Old Feb 24, 2016 | 12:44 PM
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wonder if this was a trade-in , someone with money wont care about dumping 500 on a car. matter of time.
 
Old Feb 24, 2016 | 12:48 PM
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Originally Posted by IITURBO
Like all bubbles this one will pop too, values are heavily reliant on current economic conditions. People see there are rough times ahead and are starting to unload now before prices start to decline. Jerry Seinfeld is a perfect example for this CLICK ME. The collector car market is exactly that, another market, just like the housing market, stock market, currency market etc.
This ^^^^ I have my checkbook ready to scoop up a deal then the Porsche bubble bursts. It is straining at the seams right now and it won't take much to make it go pop!
 
Old Feb 24, 2016 | 01:49 PM
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I'm sure there is going to be a car market correction at some soon, and IMHO the air-cooled's are going to feel it much more then the GT2/3, CGT, etc market...production numbers and usability.
I'm probably the only 6GT2 owner who could care less...it's staying.
 
Old Feb 25, 2016 | 10:05 AM
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Chicago has one right now for 200k its a ruf though
 
Old Feb 25, 2016 | 04:19 PM
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Chicago has two in stock. Both are 2002's. "Regular" one with 56K miles is for $93,800 and the Ruf for $159,800...I think the Ruf car may have been at Sloan for months at around $139K.
 
Old Feb 26, 2016 | 03:55 AM
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And all of those prices are "normal" - at least normal for what GT2s are going for at the moment. We'll see how long Porsche prices keep climbing or hold this level. And despite the fact that everything points towards a bubble in some form, I do not expect the bottom to drop out of the market. Porsche prices will remain higher than 10 years ago (inflation corrected) and I believe that especially cars such as the 996 GT2 - which has been undervalued for a long time IMO - will remain a good investment.

All that said, I became curious (and did not feel like working :-p) so I did a couple of mins of research. There are several 6GT2s listed across Europe at the moment. They range in price from €90k to €199k, with some notable exceptions over €250k. The most extreme was this
http://ww3.autoscout24.de/classified...445?asrc=fa|as
and I called (the ad in my first post above doesn't even have a phone #, all you can do is contact the seller via email through the listing site). The seller turned out to be nice enough, but he is a dealer. I made no pretensions of actually being interested in purchasing. I told him I was, quite honestly, just very curious as to why he was trying to sell the car at more than twice the price anyone else was selling at, even if the car was like new and had less than 10k km. His answer (condensed): he had invested in cars lately and had put this out to see what would happen. I asked if he had any serious inquiries to which he replied something along the lines of receiving a call from an Arab country.

To make a long story short, the thinking behind this ad is that there is one born every minute. As far as the other ad for the GT2 CS goes, I would not be surprised if that was placed to make this price seem more legitimate. Were I to be interested in investing in a pristine GT2, I would still not consider paying over €200k. Even at under 10k kms.
 
Old Feb 26, 2016 | 07:30 AM
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Here are the most recent GT2 that came up at auction here in US...996 GT2 has been steadily climbing. Like you guys said there will likely be a correction soon across the board but I think 6 GT2 is finally being appreciated for the awesome car it is.

The black one that sold at Barret for $82,500 was at the beginning of 2015 and I watched that auction live on TV. The GT2 was given ZERO air time, they were interviewing someone about a car that was coming up later for auction when she rolled up to the block. Had I not also had the auction streaming on my laptop I would not even have seen the GT2. The car was sold pretty quickly with no reserve and I seriously think that this was not the right venue for the car at all.

1/23/2016 ....Mecum Kissimmee

04 GT2 - Bid to $140,000 (reserve not met)

https://www.mecum.com/lot-detail/FL0...Turbo/6-Speed/




Auctions America October 2015
Lot 180
2002 911 GT2
Manual
SOLD $171,600

http://www.auctionsamerica.com/event...ing=&category=



-------------------------------------------------------


Barrett Palm Beach 2015
Lot 383
2003 911 GT2
Manual
SOLD $82,500 (NO RESERVE)

http://www.barrett-jackson.com/Archi...911-GT2-184415




-------------------------------------------------------

Auctions America July 2015
Lot 2118
2003 911 GT2
Manual
High Bid $96,000 (Reserve not met)

http://www.auctionsamerica.com/event...ing=&category=

 

Last edited by gophaster; Feb 26, 2016 at 07:41 AM.
Old Feb 26, 2016 | 11:38 AM
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If you have money and want to hedge against inflation then buying a GT2 is not a bad route to take. If you want to spend $100k on a car to drive and enjoy there are so many more options.
 
Old Feb 26, 2016 | 08:14 PM
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I sort of disagree, at $100k the driving differences are rather different than a $50k 6TT, by the time you modify(suspension, clutch, transmission/LSD, brakes, etc) to get a similar experience you start to approach a similar value...which car is worth more at that point... also at $100k I can't think of any other car I would prefer (honestly).
However, of course when you lean towards the collector $$$ GT2's then it doesn't make as much sense to drive.
 
Old Mar 16, 2016 | 08:46 PM
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happiness>money
tonight:
 
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