Wow... sold @ Barrett-Jackson...
Safety Car
Joined: Mar 2017
Posts: 3,771
Likes: 940
From: Orlando Florida
I despise the televised auctions. They have ruined the car world. Every numnuts with a inoperable rust bucket sits on his or her unrealistic dream price because one 'just like it' sold on the auction for $30K. I know of a '78 L82 that keeps sitting in the outdoors, rusting away (door tips have fallen off!) and the owner thinks it's worth $10K.
Melting Slicks
Joined: Sep 2012
Posts: 2,308
Likes: 159
From: LaGrange Park, IL IL
St. Jude Donor '13, '15
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
I despise the televised auctions. They have ruined the car world. Every numnuts with a inoperable rust bucket sits on his or her unrealistic dream price because one 'just like it' sold on the auction for $30K. I know of a '78 L82 that keeps sitting in the outdoors, rusting away (door tips have fallen off!) and the owner thinks it's worth $10K.
Melting Slicks
Joined: Aug 2015
Posts: 3,111
Likes: 304
Not sure why the seller should be happy. He bought a car for ~50K and the only enjoyment he got from it was walking by it in the garage. Fast forward 14 years later and he has the privilege of selling it for a 5K loss. Doesn't sound like a very smart individual to me.
Shakey
Shakey
Thread Starter
Pro
Joined: Feb 2016
Posts: 745
Likes: 192
From: Olympia WA
St. Jude Donor '16-'17, '19
I wouldn't assume the "seller" paid "Retail." With only 14 original miles, makes me wonder if a dealer or "collector" (with connections) got it at a discount. That said, selling at auction w/o a Reserve is always a roll-of-the-dice. If I'm the buyer, I'm looking at the $45K plus the Buyer's Premium of 10% (or less if Auction House OKs discount).
And, a buyer has the discretionary cash to buy something, more power to him/her. (People buy stocks and lose money too... right?)
And, a buyer has the discretionary cash to buy something, more power to him/her. (People buy stocks and lose money too... right?)
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
I wouldn't assume the "seller" paid "Retail." With only 14 original miles, makes me wonder if a dealer or "collector" (with connections) got it at a discount. That said, selling at auction w/o a Reserve is always a roll-of-the-dice. If I'm the buyer, I'm looking at the $45K plus the Buyer's Premium of 10% (or less if Auction House OKs discount).
And, a buyer has the discretionary cash to buy something, more power to him/her. (People buy stocks and lose money too... right?)
And, a buyer has the discretionary cash to buy something, more power to him/her. (People buy stocks and lose money too... right?)
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Safety Car
Joined: Jan 2015
Posts: 3,830
Likes: 394
From: Rocky Mountains
I guessed it would go for 50k, so 45k doesn't surprise me at all. For that amount of money, I'd much rather have a new Stingray but the people at these auctions aren't your typical man on the street car buyers. 14 miles is a big deal to a collector. Whoever bought it new must have driven it home from the dealer and polished it with a diaper until it was finally trailer'd to the auction. It's possible the original owner kicked the bucket and his heirs put it up at BJ.
Safety Car
Joined: Jan 2015
Posts: 3,830
Likes: 394
From: Rocky Mountains
Wow 400 is insane. I saw a restomod C2 for sale on the forum last month. Super nice car, the seller was asking like 175k. Thought that was crazy, but I guess that's the market value.
Le Mans Master
Joined: Jan 2004
Posts: 9,488
Likes: 1,743
From: Knoxville Tn
45K is pocket change for many.
Storage fees will eat up a bunch more $$$$
These people are not simply millionaires, they have much more than that, and he who owns the rarest "toy" when they die, will win.
FWIW, being a millionaire isn't what it used to be.
The "rich people" lines begin at $10+ million.
Melting Slicks
Joined: Aug 2011
Posts: 2,423
Likes: 200
From: Atlanta GA
Doubt it.. He lost money.
Bought it and basically never drove it.
If he bought it around 52-55K, he basically took it home, stored it, never got any enjoyment out of it, and in the end, lost money, suffered depreciation, and never got any more than gawk use out of it.
Never understand people who buy a non limited production car and basically put it up.
Bought it and basically never drove it.
If he bought it around 52-55K, he basically took it home, stored it, never got any enjoyment out of it, and in the end, lost money, suffered depreciation, and never got any more than gawk use out of it.
Never understand people who buy a non limited production car and basically put it up.
Last edited by bikeriderga; Jan 22, 2018 at 06:25 PM.
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
Doubt it.. He lost money.
Bought it and basically never drove it.
If he bought it around 52-55K, he basically took it home, stored it, never got any enjoyment out of it, and in the end, lost money, suffered depreciation, and never got any more than gawk use out of it.
Never understand people who buy a non limited production car and basically put it up.
Bought it and basically never drove it.
If he bought it around 52-55K, he basically took it home, stored it, never got any enjoyment out of it, and in the end, lost money, suffered depreciation, and never got any more than gawk use out of it.
Never understand people who buy a non limited production car and basically put it up.
Melting Slicks
Joined: Jan 2007
Posts: 2,318
Likes: 243
2022 Corvette of the Year Finalist -- Modified
2021 C5 of the Year Winner - Modified
He was probably was mesmerized by the #soldstickergirl and just kept upping the bid and didn’t realized he’s the one who bought the Z16
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Last edited by I’m Z one; Jan 22, 2018 at 06:40 PM.
Melting Slicks
Joined: Aug 2013
Posts: 2,491
Likes: 315
St. Jude Donor '15-'16-'17-'18-'19-'20-'21-'22
Sometimes when you see the price someone is willing to pay, you start to wonder about his sanity. Most likely, if that person is rich it's because he/she has some intelligence. There is always the odd one who inherited money and may or may not be smart.
Spending one's money is subjective, what is expensive to you may not be to the next person. In addition, you do not know the motivation of that person. Perhaps the car reminds him/her of nice memories and is willing to pay more than he/she should. You probably could find as many reasons as there are buyers why they want the car.
Spending one's money is subjective, what is expensive to you may not be to the next person. In addition, you do not know the motivation of that person. Perhaps the car reminds him/her of nice memories and is willing to pay more than he/she should. You probably could find as many reasons as there are buyers why they want the car.