$10 Million Worth of Porsche Parts & Accessory's

[lbhsbz]

Is the picture with the stacked cars legit, or AI generated?

no, that's all AI bullshit.

And yes, I've been through most of the warehouse and yard

 

[Romans9]

Sounds like it’s time for RD to step up from MREs to Porsche parts.

River Dave has a broken boat to fix……….

 

[dspracing]

River Dave has a broken boat to fix……….

Is it boat or boats?

 

[Willie B]

Is the picture with the stacked cars legit, or AI generated?

… Defibately AI generated… Look at the little white Speedster in the bottom, right hand corner, and count the amount of letters in Porsche… One too many letters……I think…

 

[4Waters]

It’s sort of convoluted, but a legit deal. It’s one of my customers. He has A LOT of stuff…

So this guy is legit?

 

[caribbean20]

OK, if this guy is legit, let’s do some math. What does “I have $10mm worth of inventory” mean? $10mm retail? (his guess? statement? counted and audited inventory? What ???).

Let’s assume $10mm RETAIL worth of inventory. What’s the usual markup in auto parts? My guess from working in the CPG business for many years is you need at least a 50% margin to make it work.

So let’s say $5mm cost, or basis. Now this is a “hammer sale” situation, so what bid would you actually get at auction. Maybe half that??

Generally a buyer would need at least a 5x payout to make something like this work, considering risk, storage cost, moving cost, obsolescence, RD’s commission, etc.

Obviously Porsche parts have some real value. So what are we talking about here? $2mm to take the whole lot or is this guy actually looking for $10mm. Kind of a big difference.

You guys who are in this business, let’s break it down. What are we really talking about here?

 

[Deckin Around]

Sounds like it’s time for RD to step up from MREs to Porsche parts.

RiverDavesPlace
GlamisDavesPlace
DavesPorschePlace

 

[whiteworks]

OK, if this guy is legit, let’s do some math. What does “I have $10mm worth of inventory” mean? $10mm retail? (his guess? statement? counted and audited inventory? What ???).

Let’s assume $10mm RETAIL worth of inventory. What’s the usual markup in auto parts? My guess from working in the CPG business for many years is you need at least a 50% margin to make it work.

So let’s say $5mm cost, or basis. Now this is a “hammer sale” situation, so what bid would you actually get at auction. Maybe half that??

Generally a buyer would need at least a 5x payout to make something like this work, considering risk, storage cost, moving cost, obsolescence, RD’s commission, etc.

Obviously Porsche parts have some real value. So what are we talking about here? $2mm to take the whole lot or is this guy actually looking for $10mm. Kind of a big difference.

You guys who are in this business, let’s break it down. What are we really talking about here?

Your thought process on this situation is spot on. There is a substantial lift in obtaining that top retail dollar. If every piece was marketed and sold independently to exactly the right end user for tor the top market value that may be where the $10M number comes from, hell without a proper inventory who knows maybe that top end number is $20M, $50M or $1M.

So for conversation sake let’s say you have a big inventory of old parts, litterally thousands of sku’s if you will. Now let’s say you don’t have a legit inventory, catalog, and organization structure in place. The phone rings and someone asks for some obscure part, you write down there contact on a post it note and hang up. Next you head out into an abyss of parts to a place where you think you may have put that sort of thing 20 years ago, you dig through some piles of dirty parts and eventually find said part, now it’s an hour later, your covered in grease and you have to get cleaned up before you can head back into your office to call the post it note contact back and process payment and get the shipping information and process started.

Now let’s say all the parts are clean, inventoried, organized, cataloged with photos in your online e commerce sight and marketed globally, hell they are even boxed and ready to ship on the shelf waiting. You walk into your office, open some emails alerts saying you sold X, Y, and Z last night while you were sleeping. You go pull the parts and ship them out then enjoy the rest of your day.

It’s all about process is my point, with correct process and order in place top retail value can be achieved quickly and efficiently. Without that structure in place is where the value of the purchase of the whole lot comes into play. It’s tough to say what value may be placed on said parts in a wholesale vs. retail vs. organized vs. unorganized situation.

At the end of the day wherever this situation lays on the above spectrum of structure, Id say its really about a job for the right person to fill more so than an acquisition of inventory if that makes sense. At some point in life the things you own also own you, be careful what you acquire LOL

 

[El Rojo]

OK, if this guy is legit, let’s do some math. What does “I have $10mm worth of inventory” mean? $10mm retail? (his guess? statement? counted and audited inventory? What ???).

Let’s assume $10mm RETAIL worth of inventory. What’s the usual markup in auto parts? My guess from working in the CPG business for many years is you need at least a 50% margin to make it work.

So let’s say $5mm cost, or basis. Now this is a “hammer sale” situation, so what bid would you actually get at auction. Maybe half that??

Generally a buyer would need at least a 5x payout to make something like this work, considering risk, storage cost, moving cost, obsolescence, RD’s commission, etc.

Obviously Porsche parts have some real value. So what are we talking about here? $2mm to take the whole lot or is this guy actually looking for $10mm. Kind of a big difference.

You guys who are in this business, let’s break it down. What are we really talking about here?

I asked and he was looking for 3mil for what he’s got, so 30 cents on the dollar instead of “pennies”

 

[2Driver]

Well, he sat on a warehouse of parts and grew old trying to sell them…..LOL who‘s next?

I asked and he was looking for 3mil for what he’s got, so 30 cents on the dollar instead of “pennies”

30 pennies

 

[lbhsbz]

Well, he sat on a warehouse of parts and grew old trying to sell them…..LOL who‘s next?





30 pennies

Not exactly

 

[MonkeyButt70]

I asked and he was looking for 3mil for what he’s got, so 30 cents on the dollar instead of “pennies”

My offer to him would be to take control of the inventory and for every sale of an item he gets 30%. He gets to sit at home as someone with new energy takes over.

 

[lbhsbz]

It’s hard to value an inventory like this…it changes.

A while back I dug through my cores and found 4 sets of 911 Alloy “S” calipers…went through and rebuilt them all.

Made a phone call to customer who had been looking for a set and he offered my $1000 for 1 set. I took it. Sold another set $1000 the next week. Listed a set on eBay with a $30 starting bid auction…they sold for $178 after a week…that sucked. A week later one of the other bidders that didn’t win called me a bought the 4th set for $900.

Like anything, porsche parts have value when someone needs something, until then, they have basically scrap value. I’ve paid this guy $700 for a NOS vacuum advance because he was the only one on the planet that I could find that had a new one on the shelf…just a stupid little vacuum pot, should been $20 or so. I also sold it for $1200 because after I bought it, I was the only one my customer could find that had it.

I sell porsche 914 calipers for $300…I couldn’t believe the S calipers went that low. But they did because in that 7 day period of time that the auction ran, nobody that saw them needed them.

It’s a long game, and someone who understands this and has the space for it can make a lot of money. This isn’t for someone looking to make a quick buck

 

[PaPaG]

Without an inventory of everything he has there is no way on earth anyone with brains would pay close to what he wants. He could have 10 million dollar in retail parts roughly 5-6 mil in costs if he bought them all new and easily half that if bought used on the open market many years ago does not really matter on costs since it is all relative to market demand on said parts. No one knows what he has as of yet, they could be parts in great demand, parts not in demand or a mixture of both so the value could only be set by a decent inventory of parts or at least by someone that actually sees the parts and knows current values and demand.

 

[monkeyswrench]

Around 25 years ago a pretty high end hot rod builder died. When he passed, he owed my old boss about 150k. The family worked a deal with my boss, one very nice Ford wagon, and a shit ton of parts. The parts were piled in watermelon pallet boxes, my boss and a helper loaded them from the massive collection of stuff.

It took more than a week to load and move. Over the course of the next year, they were sorted, tagged and many sold off. Boss man was sharp, kept track of every penny. He'd given the family soemething like 80k credit for those boxes, and knew what old crap he'd loaded. About 6 years later, he had a "blowout sale" with what little remained. The stuff he considered junk really. He made his 80k in those 2 days on the leftovers, but had probably broke even in the first few months.

Moral of the story, big loads of random inventory can most definitely make money. That said, aside from the initial investment, there is lots of time and labor after the purchase to recoup the initial investment, and then turn a profit.

 

[lbhsbz]

Without an inventory of everything he has there is no way on earth anyone with brains would pay close to what he wants. He could have 10 million dollar in retail parts roughly 5-6 mil in costs if he bought them all new and easily half that if bought used on the open market many years ago does not really matter on costs since it is all relative to market demand on said parts. No one knows what he has as of yet, they could be parts in great demand, parts not in demand or a mixture of both so the value could only be set by a decent inventory of parts or at least by someone that actually sees the parts and knows current values and demand.

Those with real interest will get the info they need. I’ve got no dog in this fight and don’t stand to or want to make a dime on this, but my friend is involved so I’ll help where I can. There is literally so much stuff that it can’t possibly all be accounted for. Some of it is trash, some of it is gold. Those two categories could swap places tomorrow…that’s the parts business.

Anyone who is serious, send me a PM and we can chat. No tire kickers.

 

[DRYHEAT]

Maybe try singer. With all the cars they are doing they might be able to use them. And I feel your pain. I am 20 plus years in and have amassed way to much shit.

I’ll help you out and buy that old orange and white square body crew cab for pennies on the dollar.

 

[PaPaG]

So is the person that has the parts your personal friend or do you just know him or is your friend involved the one that knows the owner of the parts ? have you seen the parts yourself ? if so, then this may be a great way for someone that has some dough and time and wants to make some decent money reselling the parts at leisure vs being bored if retired and has no projects going on.

 

[TimeBandit]

So how many square feet of storage space does all this consume?

Having a Porsche expert identify then barcode everything and inventory it for sale is another huge expense.

My wife always worries about what she will do with all my s*** when I die.

I just tell her I'm not going to die so don't worry about it.

Threads like this make me worry about it.

 

[DRYHEAT]

I asked and he was looking for 3mil for what he’s got, so 30 cents on the dollar instead of “pennies”

Did you ask him if the building came with the parts?

 

[lbhsbz]

Without an inventory of everything he has there is no way on earth anyone with brains would pay close to what he wants. He could have 10 million dollar in retail parts roughly 5-6 mil in costs if he bought them all new and easily half that if bought used on the open market many years ago does not really matter on costs since it is all relative to market demand on said parts. No one knows what he has as of yet, they could be parts in great demand, parts not in demand or a mixture of both so the value could only be set by a decent inventory of parts or at least by someone that actually sees the parts and knows current values and demand.

Current values are irrelevant.

 

[El Rojo]

Current values are irrelevant.

So how did he come up with the 10mil number then?

 

[lbhsbz]

So how did he come up with the 10mil number then?

I’d call it a reasonable average educated guess.

An idiot could turn it into 500K. A savvy seller might turn it into 20M.

 

[clarence]

I have around $10,000,000.00 worth of inventory that includes all kinds of oem used and reconditioned Porsche parts I am trying to get rid of for pennies on the dollar. Hoods, doors, engines, transmissions, door handles, wheels, seats, switches, upholstery, etc. Been in the business 40 years and its time for me to enjoy the years I have left, looking for someone who would ideally like to buy everything. pm for more information if interested. Thank you

Your time must be very, very valuable.

 

[Racing97]

Einmalig

 

[brgrcru]

Here’s a picture of the warehouse-

View attachment 1428186

My god …….

 

[HNL2LHC]

Do you have any Ricaro 70s seat like this?

I’m looking for a pair that can be refinished to match my 993 interior.

And would you sell them - I’m not a buyer for the whole shop.

View attachment 1428323

@sirbob maybe you can just fix the seats you have. It could be so easy.

x.com

x.com

 

[sirbob]

@sirbob maybe you can just fix the seats you have. It could be so easy.

x.com

x.com

That’s real craftsmanship!!

Out of my league

 

[sirbob]

???

Magnus Walker on Instagram: "Who Doesn’t Love poking around a JUNKYARD ? Super excited from my Upcoming Film on The Junkyard, Rudi Klein’s Collection of Automotive Treasures All coming up for Auction @rmsothebys . #porsche #mercedes #ferrari #lambo

14K likes, 221 comments - magnuswalker on September 16, 2024: "Who Doesn’t Love poking around a JUNKYARD ? Super excited from my Upcoming Film on The Junkyard, Rudi Klein’s Collection of Automotive Treasures All coming up for Auction @rmsothebys . #porsche #mercedes #ferrari #lamborgini...

www.instagram.com

 

[evantwheeler]

???

Magnus Walker on Instagram: "Who Doesn’t Love poking around a JUNKYARD ? Super excited from my Upcoming Film on The Junkyard, Rudi Klein’s Collection of Automotive Treasures All coming up for Auction @rmsothebys . #porsche #mercedes #ferrari #lambo

14K likes, 221 comments - magnuswalker on September 16, 2024: "Who Doesn’t Love poking around a JUNKYARD ? Super excited from my Upcoming Film on The Junkyard, Rudi Klein’s Collection of Automotive Treasures All coming up for Auction @rmsothebys . #porsche #mercedes #ferrari #lamborgini...

www.instagram.com

Based on that post:

The Junkyard: The Rudi Klein Collection | Available Lots | RM Sotheby's

The Junkyard: The Rudi Klein Collection | Available Lots | RM Sotheby's

rmsothebys.com

 

[DrunkenSailor]

Man those miuras sitting dirty in that dark corner make them even sexier.

 

[DrunkenSailor]

This isnt the same company is it?

Porsche Restoration Company Accused Of Not Honoring Contracts As It Faces Millions In Lawsuits

The restoration and sales company is accused of not only not completing work it was paid to do but also failing to pay the buyers of cars on consignment

jalopnik.com

 

[monkeyswrench]

This isnt the same company is it?

Porsche Restoration Company Accused Of Not Honoring Contracts As It Faces Millions In Lawsuits

The restoration and sales company is accused of not only not completing work it was paid to do but also failing to pay the buyers of cars on consignment

jalopnik.com

I hope not. If it is, I hope the sale is intended to "make things right".

 

[Done-it-again]

This isnt the same company is it?

Porsche Restoration Company Accused Of Not Honoring Contracts As It Faces Millions In Lawsuits

The restoration and sales company is accused of not only not completing work it was paid to do but also failing to pay the buyers of cars on consignment

jalopnik.com

I’ve heard this story before

CNC Motors

 

[whiteworks]

This isnt the same company is it?

Porsche Restoration Company Accused Of Not Honoring Contracts As It Faces Millions In Lawsuits

The restoration and sales company is accused of not only not completing work it was paid to do but also failing to pay the buyers of cars on consignment

jalopnik.com

No

 

[beertruck]

I’ve heard this story before

CNC Motors

I've lived this story before with Tim McDonald from OCM

 

[Smupser]

 

[DrunkenSailor]

Found the auction the miuras were the giveaway.

The Junkyard: The Rudi Klein Collection | Auction Details | RM Sotheby's

Since 1967, Rudi Klein, a renowned figure in the world of collecting, had quietly amassed a remarkable collection of automotive treasures in a modest...

rmsothebys.com

 

[monkeyswrench]

Found the auction the miuras were the giveaway.

The Junkyard: The Rudi Klein Collection | Auction Details | RM Sotheby's

Since 1967, Rudi Klein, a renowned figure in the world of collecting, had quietly amassed a remarkable collection of automotive treasures in a modest...

rmsothebys.com

Lot 161...Gullwing steering wheel...3-6k! Has the lever intact, so has the pivot still. I sold one before moving out here, thought I skinned a fat hog, got 1200$ for it

 

[bonesfab]

Found the auction the miuras were the giveaway.

The Junkyard: The Rudi Klein Collection | Auction Details | RM Sotheby's

Since 1967, Rudi Klein, a renowned figure in the world of collecting, had quietly amassed a remarkable collection of automotive treasures in a modest...

rmsothebys.com

So much cool shit in there.

 

[RiverDave]

I can’t believe anyone is still entertaining this thread

 

[Done-it-again]

I can’t believe anyone is still entertaining this thread

I don't think anyone is entertaining the thread or deal, and more to understanding the scam.

The coincidence is strong...

 

[lbhsbz]

I don't think anyone is entertaining the thread or deal, and more to understanding the scam.

The coincidence is strong...

The deal talked about by the OP is not a scam. I don’t know him personally, but I know where his business is, and the guy with all the parts is one of my customers.

I know of several like this guy, and there are probably many more…
Here’s one example..

I know a VW type 3 guy like this too

 

[monkeyswrench]

The deal talked about by the OP is not a scam. I don’t know him personally, but I know where his business is, and the guy with all the parts is one of my customers.

I know of several like this guy, and there are probably many more…
Here’s one example..

I know a VW type 3 guy like this too

There have to be guys like this for every brand. There was a guy in Georgia, Lincoln and Merc parts...barns full. Another up near Burbank, warehouse full of Chrysler stuff...

 

[lbhsbz]

There have to be guys like this for every brand. There was a guy in Georgia, Lincoln and Merc parts...barns full. Another up near Burbank, warehouse full of Chrysler stuff...

Yep, there certainly are. Half mental illness/hoarder and half genius...most that I've come across.

Although...some might say the same about me with caliper parts....I packed over 140 rebuild kits this week and didn't have to reference the catalog or BOMs once lol....it's all in my head, and I know exactly where I've put everything unless my helper "helped" by cleaning up lol.

 

[Willie B]

… He’s got some interesting Mercedes stuff… I can’t remember whether an M100 motor is a 6.3… But I would love to put one of those in a 32 highboy roadster…

 

[86403]

Do you have any Ricaro 70s seat like this?

I’m looking for a pair that can be refinished to match my 993 interior.

And would you sell them - I’m not a buyer for the whole shop.

View attachment 1428323

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www.facebook.com

 

[oldman]

I’d call it a reasonable average educated guess.

An idiot could turn it into 500K. A savvy seller might turn it into 20M.

Without a clear inventory it will take twenty years to make 20 mil.
a huge inventory is worthless without a clear cut list of what you have and where it is,

It may cost you 500k to inventory it to sell.

 

[sirbob]

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Thanks for sharing that link. However, those are a little newer than I was looking for.

 

[lakemadness]

Do you have any Ricaro 70s seat like this?

I’m looking for a pair that can be refinished to match my 993 interior.

And would you sell them - I’m not a buyer for the whole shop.

View attachment 1428323

If you want these seats. Find a long nose with these seats. Then, keep them in that car lol. I can't see these in a 993, totally different look? But I guess that is what is great about Porsche, make it your own.

I just put black leather/Pepita Recaro Pole Positions in my 964.