Here’s a funny bit of celebrity cars trivia. Basketball star and Buick spokesperson Shaquille O’Neal is having trouble selling off his Porsche Panamera. Looks like he really should have heeded advice to forgo buying the sports car inspired SUV hybrid crossover “whatchamacallit” and buy an exotic car — one that had the option to custom set back the seats.
Writers at Torque News spoofed the car, noting that when Shaq put the luxury automobile up for sale on eBay that it did not even bring in $55k worth of bids by the time the auction closed. Lucky for him that was far below the reserve price he set on the car.
According to the source, the vehicle is for sale now on Auto Trader. The asking price is $74,999.
“So what will the buyer get for nearly $75,000…” asks the auto news website?
“The purchaser of O’Neal’s lightly used Porsche Panamera will receive a luxury car with high-end custom wheels and extra legroom.”
But really, the only reason the generic German sports car ride is of interest is because West Coast Customs got a hold of it.
“The popular California shop featured on MTV’s Pimp My Ride television show, took care of the vehicle’s modifications. The customization shop equipped O’Neal’s Panamera with 22-inch, 3 piece Modulare wheels and moved the driver’s seat back to suit the athlete’s 7 foot 1 inch tall frame…” revealed the source.
Since exotic cars and rare automobiles have a tendency to escalate in value rather than decrease over time, any celebrity thinking of investing in a car they hope to resell someday should consider the merits of the make, model, and reputation of the product line.
Had Shaq bought something more high line and with a better reputation as a classic car design, he would most likely have been able to flip his hot car for a decent asking price in little to no time.
On a plus note, the Montreal Gazette thinks Shaq’s Porsche Panamera is, “Fast, stylish, and fabulous.” It is too bad most exotic car collectors would respond by saying, “Color me unimpressed.”
Oops! Did I say that out loud? Not loud enough, auto investors of the world…
His 430 horsepower gas guzzling sports car might be quick, but it is still [fundamentally] a four-door, generic, and oddly shaped Porsche — a unique custom, perhaps, but nothing much more. Invest in exotic cars like Ferrari and don’t drive them much [or customize] if you want the re-sale value to increase over time. At the very least, when properly maintained, their prices tend to hold.
Just sayin’… sorry, Porsche.
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