Crazy Dealership Scandal Involving GT3(RS)'s, Deposits, and $2.5 million

[G.Irish]

whoa....Champion has been part of the Porsche culture in the US forever, that's terrible that their name is going to take the brunt of the bad press on this.  i'm fascinated by these kind of "exclusivity games", and the fact that people are so willing to pay outrageous money for a high place in line.

i always wonder if some guys make a business out of paying for top spots and then turning around and selling them to other desperate buyers.  i imagine you can only do that if you buy enough cars that a dealer won't suspect you'll try to scalp your place in line on a regular basis.

There are absolutely people doing this.  There are dealerships in on it too.

Back in early 2000's when we did those Ferrari of Washington tours (and I crewed for them), I met one of their mechanics who was into racing and everything.  A few years later after he left the dealership I was talking to him and found out that the dealership had got caught up in a fraud scandal.

Apparently the dealership had purchased some Ferraris in the names of their employees without the employees' knowledge in order to get more favorable allocations from Ferrari NA.  They got caught when an employee got a VA car tax bill for a $200k car.  Employee sued and the dealership got sold to someone else.

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I thought I read in that thread that there were "brokers" who were selling spots in line for GT cars for $50,000.

Come on, how stupid are you to pay for a spot in line to buy that car.  These aren't that rare man, it's not like you're buying a One-77 with only 77 ever made.  There are literally 77 GT3 RS's for sale on Dupont Registry right now in pretty much any color you want, and I wasn't even looking hard.  There was another thread on Rennlist posting production numbers and Porsche is producing thousands of 2018-2019 GT3 and GT3RS's every month.

https://www.dupontregistry.com/autos/res...1--gt3--rs

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Yep, here's $50k for the chance to spec your own 2019.  Haha get out of here man, how do these people get so rich yet be so foolish?

https://www.dupontregistry.com/autos/lis...rs/1858967

That's the essence of a hype bubble, people taking leave of their senses and ignoring clear evidence that they're making a irrational decision.

For some of the players in the market, they have so much money that a $50k or $100k markup makes no difference to them. But there are other people who buy into that shit because 'they have to have it!' because it'll earn them status or because they think they can make money. Add to that FOMO that burns like fresh gonorrhea, and you get people paying money for a spot on a waiting list just so they can order a GT3 in a slightly different color. 'Ooooohhh a PTS GT3 in Periwinkle!'