What did you find on CL today?

[Oldcarguy]

Originally Posted by BoxMann

I suspect that's below Reserve, but maybe not. If someone wants a Tip, that would be an awesome buy at $18k

Yeah, I don’t think it has hit the reserve yet either but it depends on how motivated the seller may be. Last couple of minutes of the auction should be interesting.

[Oldcarguy]

Originally Posted by Oldcarguy

Yeah, I don’t think it has hit the reserve yet either but it depends on how motivated the seller may be. Last couple of minutes of the auction should be interesting.

The 550SE tip bid to $23,800 with five or six active bidders but it did not meet the reserve so ‘no sale’.

[BoxMann]

Originally Posted by Oldcarguy

The 550SE tip bid to $23,800 with five or six active bidders but it did not meet the reserve so ‘no sale’.

$23,800 is a very reasonable selling price for that car, reasonable for both buyer and seller. I guess the Seller thinks it's worth $25,000 or more.

Some sellers think that a 2004 car with 9,000 miles is worth the same as a 2009 car with 9,000 miles, because, according to them, it's "just as used".

[Oldcarguy]

Originally Posted by BoxMann

$23,800 is a very reasonable selling price for that car, reasonable for both buyer and seller. I guess the Seller thinks it's worth $25,000 or more.

Some sellers think that a 2004 car with 9,000 miles is worth the same as a 2009 car with 9,000 miles, because, according to them, it's "just as used".

I agree that 23,800 seems to be about right for that particular SE. But it’s more than just a 2004 car with 9,000 miles. It’s a 550SE of which there are only ~500 in the US. Agree with it or not, on average it’s currently the highest value production 986 and probably will remain so. It has all the marketing paraphernalia which collectors love along with enough production differentiation to make a discernible difference to people who care about that kind of stuff.

For me, I just drive mine and enjoy it, it’s a well cared for 108k miles driver

[BoxMann]

Originally Posted by Oldcarguy

I agree that 23,800 seems to be about right for that particular SE. But it’s more than just a 2004 car with 9,000 miles. It’s a 550SE of which there are only ~500 in the US. Agree with it or not, it’s currently the highest value production 986 and probably will remain so. It has all the marketing paraphernalia which collectors love along with enough production differentiation to make a discernible difference to people who care about that kind of stuff.

I fully understand that the 550SE is a special car. Which is why I said $23,800 seems like a fair price. If it were just a 2004 Boxster S with 9,000 miles, I would say $17k - $19k might be a fair price, at least in a private party sale. Auctions always inflate prices.

[Oldcarguy]

Originally Posted by BoxMann

I fully understand that the 550SE is a special car. Which is why I said $23,800 seems like a fair price. If it were just a 2004 Boxster S with 9,000 miles, I would say $17k - $19k might be a fair price, at least in a private party sale. Auctions always inflate prices.

Agreed!

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