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Considering selling at some point this year - How much for? (R8 LMS)

9.6K views 45 replies 22 participants last post by  SJacobs83  
#1 · (Edited)
Finding it difficult to gauge how much my R8 is 'worth' for a potential sale.

The car is a fully modified/converted street legal Gen 1 R8 LMS and I'm conscious that there is a tipping point where rarity and modifications add value, especially when the modifications are the highest quality available on the market. But I'm also conscious that modifications in a certain direction are specific to personal tastes and its very unlikely that majority of potential buyers will understand/appreciate how difficult and rare a GT3 conversion is.



Summary of the car

Base/core is a 2013 Audi R8 V10 plus (with Ceramics) with 26000 miles.
The car is a special long term build which aimed to bring together the best of everything Audi ever produced for the R8, in one package, with no expense spared.
So the ethos is very much all OEM.

Exterior/Body Modifications

  1. Full Genuine Audi Sport R8 LMS GT3 Carbon Fibre bodykit, including the following:
    1. Front Bumper
    2. Front Splitter - with custom titanium plate underneath for protection (and sparks!)
    3. Front Canards
    4. Front Fenders
    5. Front Wheel Arch Liners
    6. Front Hood/Bonnet
    7. Wing Mirrors
    8. Rear Quarter Panels
    9. Rear Bumper
    10. Ultra Sideblades
    11. Rear Wheel Arch Liners
    12. Very rare GTD Ultra Ground Effect Diffuser
    13. Ultra Rear Wing
    14. Tailgate with 3rd Brake Light slot
  2. Roof and doors professional skinned in real carbon fibre, with weave matching the OEM LMS parts.
  3. All of the above professionally fitted with countless hours and custom fabrication work.
  4. All of the above professionally painted in clear gloss to a showroom finish.
Mechanical Modifications
  1. Genuine OEM R8 LMS Bilstein GT3 Suspension.
  2. Stanceparts Aircups Lift System (Front & Rear) fitted on the above suspension for great ramp and bump clearance.
  3. Custom forged ultra light Braid Motorsport wheels (now painted Bronze) - 18x11"F & 19x12.5"R with Michelin Sport Cup 2's (275/35ZR18 & 345/30ZR19)
    1. I also have a spare pair of 18x12.5"R matching Braid wheels for track or competitions.
  4. RWD Conversion (AWD Components will come with the car).
  5. Valved Stainless Steel Exhaust by Brooke Race Exhausts
  6. Custom Dyno Tune on OEM Engine Setup to 600HP.
Interior Modifications
  1. Complete interior retrim to OEM-spec anthracite alcantara with red stitching, with custom 'R8 LMS' logo etched into Dash.
  2. OEM very rare R8 GT rollcage and Schroth harnesses
  3. Limited edition OEM R8 GT gloss carbon center console panel
  4. OEM R8 GT sparco carbon-backed (very rare) race seats with custom-trimmed 'R8 LMS' logo.
  5. Retrofitted Gen2 Carbon Fibre Steering Wheel in cut-top style.
  6. Multi-media interface upgrade to a touchscreen Apple Carplay and Bluetooth module.
Entire car is built, prepared and setup by Steller Motorsport - GT3 race team who are previous British GT winners and currently compete in Le Mans Cup.

I have also just acquired a 'cherry on top' for the build; The UK Reg Plate 'R8 LMS' which I would include with the car:
Image



Pictures
I will add some photos in a comment below.

How much is it worth?
Conscious this is very subjective but would like to gauge any thoughts or advice, especially from anyone with experience with such unique projects etc. A few things in my mind:
  • This is not a build you can easily replicate just by throwing money at it. Many parts such as the diffuser and the rollcage etc are simply too rare and unless you're an existing Audi Sport Customer Racing Team with a Gen1 LMS, you will find it difficult to get hold of these parts in this new/mint condition.
  • The GT3 body work is not just for visuals. Unlike aftermarket bodykits, factory GT3 bodywork is designed in the wind tunnel and achieves the highest downforce levels you can find on any road legal car (1000's of kg of downforce overall). It also saves considerable weight, this car now sits at ~1400kg dry weight and 600HP.
  • Comparing to other cars on the market in this niche (street legal track weapons) (cars in the Huracan STO / Porsche GT3 RS bracket) this car holds its own and in some areas exceeds. Especially in the looks category. I've been to many supercar meets and this car has a constant crowd around it all day, even more attention than an AMG GT Black Series, Huracan STO or even the Ferrari 296 the week it first hit the streets. Performance wise the aero on this thing is what makes it stand above all the competition.

You'll probably ask what is it worth to me? Rightly or wrongly I've spent over £300k on this car and right now it doesn't make sense for me to sell it at a loss, or even a break-even. So I guess the ultimate question is... Is this car worth over £300k?

Any thoughts or advice would be appreciated. As I said, its a subjective matter so try to be nice haha
 
#42 ·
I bought 2 Gen 1 GT3's from Asia earlier this year. Sold one last week and keeping the second. I do also know of several currently for sale ranging from the Non-Ultra to Ultra. Market value right now is in the $110k-$150k range. I also happen to know the current owner of a street converted GT3 that was purchased and imported to the US from Europe. I would say it's a reasonable comp to your car. He has been trying to sell it for substantially less than you are asking with no takers. I would be surprised if you got anywhere near your ask.
 
#8 ·
Jeez, I can't believe you're selling this car....

You'll probably ask what is it worth to me? Rightly or wrongly I've spent over £300k on this car and right now it doesn't make sense for me to sell it at a loss, or even a break-even. So I guess the ultimate question is... Is this car worth over £300k?
I'll ask how much does an actual LMS car cost now these days for a race team? I think that would be a benchmark to use because I have to think about the target audience who would value this type of car:

1. Race team who would gut the car and actually race it
2. A collector of race cars (not just any cars, but a person who wants to own race-built cars)
3. Some rich YouTuber trying to build more clout.
 
#9 ·
Never thought I would see that going up for sale. Amazing car for someone.
 
#10 ·
One mans opinion only but if you think this car will sell anywhere near $375,000 you are kidding yourself.
History has shown heavily modded cars rarely allow you to get out whole, especially a 2013 base model.
 
#12 · (Edited)
Jeez, I can't believe you're selling this car....



I'll ask how much does an actual LMS car cost now these days for a race team? I think that would be a benchmark to use because I have to think about the target audience who would value this type of car:

1. Race team who would gut the car and actually race it
2. A collector of race cars (not just any cars, but a person who wants to own race-built cars)
3. Some rich YouTuber trying to build more clout.
GT3 cars are about £400k from Audi. Second hand you can pick them up for about £150-200k. But it’s worth noting street legal equivalents do carry a premium. E.g. Huracan STO was priced almost double new compared to its non street-legal counterpart the Super Trofeo Evo.

agree with your audiences but would change the first one to track dayers etc. there is a niche in the market for street legal race cars that offer the balance of interior luxury and daily driving, with being an absolute track weapon at the same time. Allowing you to drive your car to the track, rag it, then drive it home!


One mans opinion only but if you think this car will sell anywhere near $375,000 you are kidding yourself.
History has shown heavily modded cars rarely allow you to get out whole, especially a 2013 base model.
You may be right! I can’t say what it’s worth for someone else. It’s a unique target audience that would appreciate this build and not see it as just essentially a 2013 base model as you put it. But like you say, whether it’s ‘worth’ the money put into it remains to be seen!
 
#16 ·
I'm not sure where you even begin with this... there won't be anything like it for a comparison, that's for sure.

This is definitely a car that will attract a very specific kind of buyer - someone who loves the LMS variant but wants street legal creature comforts. You did a really nice job with the conversion, and it was clearly a passion... no expense sparred, as you said. If you decide to list it, I'd go high - no sense negotiating with yourself from day 1.

Again, very nicely done!
 
#21 ·
Can't believe it man!!

The RHD will kill your potential pool of buyers.
You've done a fantastic job with this build. A beautiful car.

For your and my sake both, I hope it goes high!
I know I'm putting way more in my car than what it will be worth, but I'm planning on keeping mine forever.
 
#25 ·
Can't believe it man!!

The RHD will kill your potential pool of buyers.
You've done a fantastic job with this build. A beautiful car.

For your and my sake both, I hope it goes high!
I know I'm putting way more in my car than what it will be worth, but I'm planning on keeping mine forever.
Thanks man! Yeah I'm definitely biased and have alot of attachment so the idea of letting it go cheap just doesn't compute!

Maybe I need to do a LHD conversion too hahahaha
 
#22 ·
I read your entire post and looked at the pictures. Your car is tastefully done and in a manner that looks similar to if the factory decided to make an gen 1 V10 R8 version of a Porsche 911 GT3/GT2 RS: a lightweight, track-ready, road legal super car... pretty cool. The rarity of the carbon body pieces and that fact that they are factory wind tunnel tested to produce max down force is what Audi should have done in more numbers like this. Love the steering wheel and seats. You retain the creature comforts: climate control, audio, cruise control - a fully dressed interior, making it a track focused super car could be driven to and from events or on a nice day in relative comfort. I'm curious, did you considered a 6 speed manual conversion or twin turbo setup? The ease of use with the R Tronic is nice to have on a road car, knowing every up shift and rev-matched downshift are executed right vs. the manual, though manual cars seem to fetch a premium these days, no? The properly done twin turbo conversions look like they can add value as well, but you compromise the balance of the weight reduction coupled with the 65hp bump in NA horsepower - the 5.2L V10 in NA form is such a sweet power plant. I would like to see a comparison video with your car and some of the pre owned super cars that are in the $250-350k range. Good luck with the sale should you choose to do so.
 
#26 ·
Thanks! Yeah that was the idea with the build. Even the new ABT XGT (R8 GT2) misses a big trick with the interior as it just has the racecar interior, no effort to improve the drivers experience or comfort for the streets. Which is where the GT3 RS, STO etc have a real sweet spot.

As for 6-speed manual conversion I would have loved to, but for some reason I felt it wouldn't feel right in the car. Racecars rarely have manual stick transmission. The S-Tronic really performs great and for track days not having to take your hands off the wheel feels alot more 'racecar'.

Twin Turbo vs Supercharger is again such a polarising subject. Sure either option would definitely give a performance boost but generally speaking they would also add weight. Keeping the OEM Engine with a tune to 600Hp felt like the sweet spot.
 
#23 ·
I think the thing against it is at the moment it's unproven.

You've built a car with ALL of the correct parts, but where are the videos of it on track passing everything? This should be an absolute weapon on circuit, but unless I've missed it in your build, there aren't any.

I can't see you getting 300k, surely you'd just buy a GT3RS for that sort of money.

It's a great car, but I simply can't see you getting close to the build cost. It's the same for most projects, they are so niche, the market is tiny already, the market for this must be miniscule.

GLWTS
 
#27 ·
I think the thing against it is at the moment it's unproven.

You've built a car with ALL of the correct parts, but where are the videos of it on track passing everything? This should be an absolute weapon on circuit, but unless I've missed it in your build, there aren't any.

I can't see you getting 300k, surely you'd just buy a GT3RS for that sort of money.

It's a great car, but I simply can't see you getting close to the build cost. It's the same for most projects, they are so niche, the market is tiny already, the market for this must be miniscule.

GLWTS
Very good point.
The fundamentals are there. E.g.
  • This car is 1400kg dry, 600HP, RWD, >1200kg downforce @ 280kph, 11" wide Fronts & 12.5" wide (can fit 13") Rears.
  • Porsche GT3 RS is 1450kg dry, 520HP, RWD, 860kg downforce @ 280kph, 9.5" wide Fronts & 12.5" wide Rears.
But like you say, the proof is in the pudding! I'll definitely be doing at least one more track day at Silverstone this summer so I'll get some sort of video/feature done if possible. Might see if Steller will get one of their pro drivers down to get a true representation too.

Your potential market really needs to see this thing in depth on video.

a photo listing only will never get across the presence of this car. You need to also be able to tell its story. 20 mins on video with someone who knows what they are talking about would do wonders.

make a video of it side by side with a stock R8
Yeah good shout mate, I'll hit you up later about the couple of guys you know. Wonder if I can couple the video feature with a day at Silverstone so we can see the thing really in action!
 
#28 ·
The track videos and side-by-side would be great selling points.

With an OEM full CF body, it's a killer look.

I agree with the above however, once you cross the barrier of GT3RS money it will be a hard sell. You're basically pulling from R8 enthusiasts, and people who want a full GT3 race car body kit, but ability to drive on the street. And you'd have to compare this to the 991 3RS, not the 992 with active aero etc.

You can find 991 GT3RS cars with the mileage you have for sub 200k at this point. Sometimes less. But the range is great there (mine is PTS and 3k miles and will fetch mid 200s likely.)

The other negative is there are a ton more P-car guys out there that will chose an RS.

If you TT the car, you can start comparing prices against 991 GT2 RS.

But again, all of these will be factory original cars, which people want.

We rarely get out of builds what it takes to put into building them.

My guess is you may get a buyer around 195-205k max. And that's if they are an Audi guy that loves the Gen 1 R8 LMS (like myself).
 
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