This Porsche 911 GT3 RS Auction Was a Disaster
About this episode
A recent auction for a 2007 Porsche 911 GT3 RS on Bring a Trailer turned into a disaster, with a series of questionable seller excuses and lack of transparency about the car's rebuilt title status. Hosts Doug and Tyler dissect the auction's bizarre comments, including a dog's involvement in the rust on lug nuts and the seller's claims about lost accident photos. They also discuss the broader implications of auction strategies, comparing physical and online auction results, and share insights on the current market trends for collectible cars.
Every once in a while, we'll cover auction results on the podcast and, boy oh boy, was there a doozy this past week.
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Chevrolet Express
"...ur personal luxury vehicle, Shaughnessy Overland Express delivers with precision, privacy, and respect. T..."
The Chevrolet Express is a big van that can carry a lot of people or cargo. It’s often used by businesses and families because it’s very practical and sturdy.
The Chevrolet Express is a full-size van that is commonly used for commercial purposes and as a passenger vehicle. Known for its durability and spacious interior, the Express is often discussed for its practicality in various applications.
subprime automotive market
"...we talked about the subprime automotive market being in a real hurt a few weeks ago..."
The subprime automotive market is where people with bad credit can still get loans to buy cars, but they usually have to pay more in interest. It's risky for lenders because these borrowers might not pay back their loans.
The subprime automotive market refers to the segment of car financing that targets borrowers with lower credit scores, often leading to higher interest rates and less favorable loan terms. This market can be volatile, especially during economic downturns, as lenders may face higher default rates.
Primalend
"...another subprime lender, Primalend files chapter 11 bankruptcy..."
Primalend is a company that gives loans to people who want to buy cars, especially those who might have trouble getting loans from regular banks. They also help car dealers get money to buy cars for their lots.
Primalend is a financial company that specializes in providing loans for car purchases, particularly in the subprime market. They offer financing options for both consumers and dealerships, including buy here, pay here loans and dealer floor plan financing.
dealer floor plan
"...they are a buy here, pay here, indirect lender and a dealer floor plan lender..."
A dealer floor plan is a way for car dealerships to get loans to buy cars for their lots. They pay interest on the loan until they sell the cars, which helps them keep a variety of cars available for customers.
A dealer floor plan is a type of financing that allows car dealerships to borrow money to purchase their inventory. The dealership pays interest on the loan until the cars are sold, at which point the loan is paid off. This helps dealers maintain a diverse inventory without upfront capital.
buy here, pay here
"...they are a buy here, pay here, indirect lender and a dealer floor plan lender..."
Buy here, pay here means you can buy a car and pay for it directly at the dealership instead of going to a bank. It's often used for people who have bad credit and might not get loans elsewhere.
Buy here, pay here is a financing option where the car dealer provides the loan directly to the buyer, allowing them to make payments at the dealership rather than through a bank or third-party lender. This method is often used in subprime lending to help buyers with poor credit.
Tesla Semi
"... actually really restrictive where you can take a semi truck and where you can not. And it's if you can..."
The Tesla Semi is a big electric truck that’s made to carry goods. It’s special because it’s designed to be more efficient and better for the environment than regular trucks.
The Tesla Semi is an all-electric truck designed for freight transport, aiming to revolutionize the trucking industry with its efficiency and sustainability. Known for its impressive range and performance, the Semi represents Tesla's expansion into commercial vehicles.
ICE vehicles
"When I first saw the headlines about people like blocking ICE vehicles and protesting against ICE vehicles in California, like the first three news headlines I saw, I'm like, wow, they really are taking this like pro EV thing to a new level."
ICE vehicles are cars that run on gasoline or diesel fuel. They use engines that burn fuel to create power, unlike electric vehicles that run on batteries.
ICE stands for Internal Combustion Engine, which refers to vehicles powered by gasoline or diesel engines. These engines rely on the combustion of fuel to produce power, as opposed to electric vehicles (EVs) that use electric motors and batteries.
EV
"Oh, because I like, I just wasn't paying attention to what was going on in the political landscape that closely. And when I see ICE, I think internal combustion engines. So it's just like EV, ICE, EV, ICE, so I like, why are these EV people so uptight?"
EVs are cars that run on electricity instead of gasoline or diesel. They use batteries to power electric motors, which makes them cleaner for the environment compared to traditional cars.
EV stands for Electric Vehicle, which is a type of vehicle that is powered entirely or partially by electricity. EVs use electric motors and batteries instead of internal combustion engines, making them more environmentally friendly.
Beaver Run
"Oh, speaking of warm-up laps this weekend, I'm going to drive pit race, formerly Beaver Run, which is going future formerly pit race, turning into a data center."
Beaver Run is a racetrack in Pennsylvania where people can race cars. It's now called Pit Race and is used for many racing events.
Beaver Run, now known as Pit Race, is a motorsport park located in Pennsylvania that features a road course for various types of racing events. It has become a popular venue for both amateur and professional racing.
Porsche 911
"What you driving? Warm-up laps, taking a 9-11. Nice."
The Porsche 911 is a famous sports car that many people recognize. It's known for being fast and having a unique shape, and it's been around for a long time, making it a classic choice for car enthusiasts.
The Porsche 911 is a high-performance sports car that has been in production since the early 1960s. Known for its distinctive design and rear-engine layout, it has become an iconic model in the automotive world.
Bring a Trailer
"...I'm bringing a trailer now, plus cars and bids and P car market and then the RM Sotheby's..."
Bring a Trailer is a website where people can buy and sell special cars through auctions. It's popular for classic and unique vehicles.
Bring a Trailer is an online auction platform specializing in classic and enthusiast cars. It allows users to buy and sell vehicles through a bidding process, often featuring unique and rare models.
RM Sotheby's
"...I'm bringing a trailer now, plus cars and bids and P car market and then the RM Sotheby's..."
RM Sotheby's is a famous auction company that sells expensive and classic cars. They hold big events where people can bid on these cars.
RM Sotheby's is a renowned auction house specializing in classic and luxury cars. They host high-profile auctions around the world, featuring rare and valuable automobiles.
P Car Market
"...I'm bringing a trailer now, plus cars and bids and P car market and then the RM Sotheby's..."
P Car Market is a website where you can buy and sell Porsche cars through auctions. It's designed for people who love Porsches.
P Car Market is an online auction platform specifically for Porsche enthusiasts, offering a curated selection of Porsche vehicles for sale.
Cars and Bids
"...I'm bringing a trailer now, plus cars and bids and P car market and then the RM Sotheby's..."
Cars and Bids is a website where you can buy and sell cool cars through auctions. It's run by a popular car YouTuber.
Cars and Bids is an online auction site focused on enthusiast cars, founded by automotive YouTuber Doug DeMuro. It features a variety of vehicles, primarily modern enthusiast cars.
Metzger engine
"...I happen to notice this one because I keep track of Metzger engine GT cars for my database GT vault..."
The Metzger engine is a special type of engine made by Porsche, famous for being powerful and reliable. It's used in some of their sports cars, especially in racing.
The Metzger engine is a type of flat-six engine developed by Porsche, known for its performance and reliability, particularly in the 911 GT models. It has a strong motorsport heritage and is revered among enthusiasts.
Dodge Viper
"...e went more sideways than somebody in a first gen viper on original tires who lifted off the throttle."
The Dodge Viper is a super-fast sports car that looks very unique. It’s loved by car fans because it’s powerful and gives a thrilling driving experience.
The Dodge Viper is a high-performance sports car known for its extreme power and distinctive design. Produced from 1992 to 2017, the Viper is often celebrated for its raw driving experience and is a favorite among enthusiasts for its racing heritage.
first gen Viper
"...this one went more sideways than somebody in a first gen viper on..."
The first gen Viper is the original version of a very fast sports car made by Dodge. It has a unique look and a big engine, making it popular among car fans.
The first-generation Dodge Viper, produced from 1992 to 2002, is known for its distinctive design and powerful V10 engine. It was a raw, performance-oriented sports car that gained a cult following.
rebuilt title
"The only issue is that has a rebuilt title for a wreck. Yep, yep."
A rebuilt title means the car was once damaged badly enough that the insurance company considered it a total loss. After repairs, it can be sold again, but it might have problems from the accident.
A rebuilt title indicates that a vehicle was previously declared a total loss by an insurance company but has since been repaired and inspected to meet safety standards. Buyers should be cautious, as these vehicles may have hidden issues from the original damage.
True Speed Motor Cars
"...they were bragging that True Speed Motor Cars had performed the repair."
True Speed Motor Cars is a business that fixes and maintains cars. In this case, they worked on a car that was being discussed in the podcast.
True Speed Motor Cars is a company that specializes in automotive repairs and services. They are mentioned in the context of having performed repairs on a vehicle, indicating their involvement in the vehicle's history.
A pillar
"The glass shattered, the A pillar was creased. I think the C pillar had a little crinkle in it."
The A pillar is the part of the car that holds up the front windshield. It's important for keeping the car strong and safe.
The A pillar is the vertical support on either side of the windshield in a car. It plays a crucial role in the structural integrity of the vehicle and helps protect occupants in the event of a collision.
C pillar
"I think the C pillar had a little crinkle in it. And it's like, this car has to be total."
The C pillar is the part of the car that supports the area around the back window. It helps keep the car strong and safe.
The C pillar is the vertical support located at the rear of the car, between the rear window and the rear door. Like the A pillar, it contributes to the vehicle's structural integrity and safety.
salvage title
"...the salvage title, when the title becomes salvage, then the rebuilt title issue."
A salvage title means the car was in a bad accident or had serious damage, and the insurance company decided it wasn't worth fixing. It can be risky to buy a car with this title because it might have hidden problems.
A salvage title is issued to a vehicle that has been declared a total loss by an insurance company, usually due to significant damage from an accident, theft, or other incidents. This title indicates that the car has been severely damaged and may not be roadworthy without repairs.
ceramic rotor
"like a huge chunk out of it, which is a ceramic rotor, very expensive. And I think if you have a chunk out, you don't really want to drive it, right?"
A ceramic rotor is a part of the braking system in a car. It's made from special materials that help it last longer and handle heat better than regular rotors, making it great for fast cars.
A ceramic rotor is a type of brake disc made from ceramic materials, which are known for their durability and ability to withstand high temperatures. They are often used in high-performance vehicles due to their lightweight and heat-resistant properties.
lug nuts
"But there is a number of lug nuts that were rusty. On one wheel, there's three out of five. On another wheel, there is one and another wheel, there is two."
Lug nuts are the small bolts that hold the wheels onto a car. If they're rusty or damaged, it can be unsafe to drive because the wheels might not stay on properly.
Lug nuts are fasteners used to secure a wheel to a vehicle's hub. They are crucial for ensuring that the wheels stay attached while the vehicle is in motion.
ceramic brakes
"No, the ceramics on one side and the steel brakes on the other and was still visibly bent after it was repaired."
Ceramic brakes are a type of brake system that uses special materials to help slow down the car. They are lighter and can handle heat better than regular steel brakes, making them great for fast cars.
Ceramic brakes are high-performance brake systems made from a composite of ceramic materials that offer better heat resistance and reduced weight compared to traditional steel brakes. They provide improved braking performance and longevity, especially in high-performance driving conditions.
Lotus Esprit
"...ing to bid, but so and so had been trying for an esprit for a long time. Why do you like that?"
The Lotus Esprit is a lightweight sports car from Britain that’s known for its cool looks and great handling. It’s a favorite among car fans because it has a unique style and history.
The Lotus Esprit is a British sports car that gained fame in the 1970s and 1980s for its sleek design and agile handling. Known for its lightweight construction and performance, the Esprit is often discussed among car enthusiasts for its unique character and historical significance.
Toyota Tacoma
"I have one on an old Tacoma here that, you know, it was pretty low mileage, but it had been used to somebody's like, if it wasn't for the paintwork and packed mud and off-roading, I would still be in great seller."
The Toyota Tacoma is a type of truck that is good for driving on rough roads and carrying things. Many people like it for its strength and ability to handle tough conditions.
The Toyota Tacoma is a mid-size pickup truck known for its off-road capability and reliability. It's popular among outdoor enthusiasts and those needing a versatile vehicle for both work and play.
dock fee
"...if they didn't have the dock fee, I would bid. Oh, how often do you get that? Pretty often, but it's always the same people."
A dock fee is an extra charge that car dealerships sometimes add to the price of a car. It's meant to cover costs for getting the car ready for sale, but some buyers don't like paying it.
A dock fee is a charge that some dealerships impose for preparing a vehicle for sale, including transportation and handling costs. This fee can be added to the overall price of the vehicle, impacting the final cost for the buyer.
Chevrolet Corvette
"...y listings. So they're the type that they're the Corvette curmudgeon. I'll never buy from a dealer."
The Chevrolet Corvette is a fast and stylish sports car that many people love. It's famous for its speed and cool looks, making it a popular choice among car enthusiasts.
The Chevrolet Corvette is a high-performance sports car that has been an American icon since its debut in 1953. Known for its powerful engines and sleek design, the Corvette is often discussed in automotive circles for its racing pedigree and cultural significance.
Ford Mustang
"...this is for some awesome green like 2005 SEMA show car Mustang with like 7000 miles."
The Ford Mustang is a popular sports car that has been around for many years. The 2005 version has a new look and is known for being fast and fun to drive.
The Ford Mustang is a classic American muscle car known for its performance and iconic design. The 2005 model year marked a significant redesign, bringing modern styling while retaining the Mustang's sporty character.
SEMA
"...based on a radio code on a like highly customized SEMA SEMA show car. They're like, no, Brady, it doesn't work. I'm out."
SEMA is a big car show where companies display custom cars and parts. It's important for anyone interested in car modifications or aftermarket products.
SEMA stands for the Specialty Equipment Market Association, which hosts an annual trade show in Las Vegas showcasing aftermarket automotive products and custom vehicles. It's a key event for car enthusiasts and industry professionals.
Switch Cars
"Switch cars is the enthusiast dealership where we buy, sell and consign only cars that we like ourselves."
Switch Cars is a dealership where they sell cars that they think are really good. You can find special cars there that they personally like.
Switch Cars is an enthusiast dealership that specializes in buying, selling, and consigning cars that they personally like. They focus on a curated inventory that appeals to car enthusiasts.
no reserve
"...Barrett Jackson is all no reserve, so it's going to be 100%."
In a no reserve auction, there is no minimum price that the item needs to reach to be sold. This means it will go to the highest bidder, even if that bid is low.
A no reserve auction means that the item will be sold to the highest bidder regardless of the final bid amount. This often leads to more competitive bidding as buyers know the item will sell.
Bugatti Veyron
"Start with the big money. The Veyron market is back up with one leading the Las Vegas ..."
The Bugatti Veyron is an extremely fast and very expensive car that can go over 250 miles per hour. It’s famous for being one of the best cars in the world in terms of speed and luxury.
The Bugatti Veyron is a hypercar that redefined performance standards when it was launched in 2005, boasting a top speed of over 250 mph. Known for its luxurious features and engineering excellence, the Veyron is often discussed as one of the fastest and most expensive cars in the world.
Mercedes-Benz 300 SL
"...and the 300 SL that was auctioned there also went like crazy. The Roadster?"
The Mercedes-Benz 300 SL is a classic car known for its unique doors that open upwards. It's a very desirable car among collectors and car enthusiasts.
The Mercedes-Benz 300 SL is a classic sports car produced from 1952 to 1963, famous for its distinctive gullwing doors and advanced engineering for its time. It is highly sought after by collectors today.
Mercedes-Benz SL
"...ly, so that's an uptick there. Okay, and the 300 SL that was auctioned there also went like crazy. T..."
The Mercedes-Benz SL is a fancy convertible car that’s known for being stylish and powerful. It’s popular among people who want a mix of luxury and fun driving.
The Mercedes-Benz SL is a luxury roadster that has been a symbol of elegance and performance since its inception in the 1950s. Known for its sophisticated design and advanced engineering, the SL is often discussed for its blend of comfort and sporty driving dynamics.
Bmw Z8
"So let's look at a few examples. One, BMW Z8 Topaz blew over Crema, which I took particular in..."
Alpina Z8
"One, BMW Z8 Topaz blew over Crema, which I took particular interest in because I've been looking for one, 28,000 miles bid to 240 grand."
The BMW Z8 is a stylish sports car made by BMW. It has a powerful engine and is popular among car collectors.
The BMW Z8 is a high-performance roadster produced by BMW from 1999 to 2003. It features a sleek design and is powered by a 4.9-liter V8 engine, making it a sought-after collector's item.
Lamborghini Gallardo
"This is a great example. A 2006 Gallardo with 6,700 miles, it hit that exact car bid to 96 and a half earlier this year..."
The Lamborghini Gallardo is a fast and stylish sports car made by Lamborghini. It has a powerful engine and is designed for high performance on the road.
The Lamborghini Gallardo is a high-performance sports car produced by Lamborghini from 2003 to 2013. It features a V10 engine and is known for its sharp handling and aggressive styling.
Broad Arrow
"...that also sold it at Broad Arrow."
Broad Arrow is a company that holds auctions for special cars, helping people buy and sell valuable vehicles.
Broad Arrow is an auction company that specializes in the sale of collector cars, offering a platform for enthusiasts to buy and sell high-value vehicles.
Shelby Cobra
"... on the estimating side. There was a 1953 Hanson Cobra motorama, which if you don't know what that is, ..."
The Shelby Cobra is a classic sports car from the 1960s that’s famous for being very fast and light. It’s a favorite among car collectors because of its racing history and cool design.
The Shelby Cobra is a legendary sports car that was produced in the 1960s, known for its lightweight design and powerful V8 engine. It has become an icon in automotive history, often celebrated for its racing success and influence on the muscle car genre.
Lamborghini Gt 350
"Yeah. There is a 1964 and a half Ford Mustang GT 350 CR continuation retractable prototype. I didn't ..."
Ford Mustang Gt
"Yeah. There is a 1964 and a half Ford Mustang GT 350 CR continuation retractable prototype. I did..."
The Ford Mustang GTD is a special version of the famous Mustang sports car that’s built for speed and better handling. It’s designed for people who want a more powerful driving experience.
The Ford Mustang GTD is a high-performance variant of the iconic Mustang, designed to deliver enhanced speed and handling. It represents Ford's commitment to performance and innovation within the Mustang lineup.
Acura NSX
"...o we have to give credit where credit is due. 91 NSX was 7,700 miles red on black, 135 hammer, which w..."
The Acura NSX is a very fast sports car that was made to be both exciting to drive and practical for everyday use. It’s special because it was one of the first cars to use a lightweight design to improve speed and handling.
The Acura NSX, first introduced in 1990, is a groundbreaking sports car known for its combination of performance and everyday usability. It was one of the first supercars to feature a mid-engine layout and a lightweight aluminum body, setting a new standard for the segment.
Porsche Boxster
"...speculation is a midnight blue 987 dot, no, 986.2 Boxster with a three six swap that sold on P car markets..."
The Porsche Boxster is a small, sporty convertible car that’s fun to drive. It’s known for being well-balanced and is a great option for people who want a taste of luxury sports cars.
The Porsche Boxster is a two-seat convertible sports car that has been praised for its balanced handling and performance since its introduction in 1996. It serves as an entry point into the Porsche brand, offering a more affordable option without sacrificing the driving experience.
Nissan R35 Gtr
"L-I-N-E-E-M-U-P. Nissan R35 GT-R. No, but I see where you're going with that."
The Nissan GT-R is a super-fast sports car that’s known for its advanced technology and great performance. It’s often called 'Godzilla' because it’s so powerful and impressive.
The Nissan GT-R (R35) is a high-performance sports car that has gained a reputation for its advanced technology and exceptional speed since its launch in 2007. Often referred to as 'Godzilla,' the GT-R is celebrated for its engineering prowess and competitive racing history.
Dodge Charger
"...racing, something Corvette C7 Z06. It is a Dodge Charger. All right."
The Dodge Charger is a big car that looks sporty and can go really fast. It’s popular because it combines the power of a muscle car with the comfort of a regular sedan.
The Dodge Charger is a full-size sedan that combines muscle car performance with everyday practicality. Known for its powerful engine options and aggressive styling, the Charger has a strong following among car enthusiasts and is often associated with American muscle car culture.
Ford Explorer
"No. Is it a Ford Explorer from the mid 2000s? No."
The Ford Explorer is a large SUV that can carry a lot of people and stuff. It's popular for families because it has plenty of space and can handle different types of driving conditions.
The Ford Explorer is a mid-size SUV that has been a staple in the American automotive market since its introduction in 1990. Known for its spacious interior and versatility, the Explorer is often discussed for its family-friendly features and off-road capabilities.
Cadillac Escalade
"...t? It is a brand new, fully blacked out Cadillac Escalade. Oh, that's never going to guess that."
The Cadillac Escalade is a big, fancy SUV that’s very comfortable and has a lot of features. People often talk about it because it’s seen as a luxury vehicle that shows off wealth.
The Cadillac Escalade is a full-size luxury SUV that has become synonymous with opulence and status since its introduction in 1999. Known for its spacious interior, advanced technology, and powerful performance, the Escalade is often discussed in the context of luxury vehicles.
Honda Odyssey
"Van diesel. Like a Honda Odyssey? Nope."
The Honda Odyssey is a family minivan that has a lot of room for kids and cargo. It’s popular because it’s comfortable and has many features that make family trips easier.
The Honda Odyssey is a minivan that has been a popular choice for families since its introduction in 1994. Known for its spacious interior, comfort, and family-friendly features, the Odyssey is often discussed for its practicality and reliability.
Chrysler Town
"I don't know. Chrysler Town and Country? No."
The Chrysler Town & Country is a family minivan that has a lot of room and comfort. It’s popular because it’s great for carrying kids and their stuff on trips.
The Chrysler Town & Country is a minivan that was popular for its family-friendly features and spacious interior. Known for its comfort and versatility, it has been a go-to choice for many families since its introduction.
Infiniti QX80
"Doesn't matter what kind of infinity. QX80. Who knows what that is?"
The Infiniti QX80 is a big luxury SUV that has a lot of space and nice features. It’s popular with families who want a comfortable and stylish vehicle.
The Infiniti QX80 is a full-size luxury SUV that offers a blend of comfort, technology, and performance. Known for its spacious interior and high-end features, the QX80 is often discussed for its appeal to families and luxury buyers.
Chevrolet Camaro
"No. A Camaro. This is his plate, by the way."
The Chevrolet Camaro is a sporty car that’s known for being fast and looking cool. It’s a favorite among people who love muscle cars and racing.
The Chevrolet Camaro is a classic American muscle car that has been in production since 1966. Renowned for its powerful engines and sporty design, the Camaro is often a topic of discussion among car enthusiasts for its performance and cultural impact.
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