RE: Silverstone Auctions sale results
Discussion
>>>No one has mentioned the XKSS it seems...... After all, they are selling new ones at £275,000.
Are they actually selling any? It was a nice looking brand-new car but a bonkers price for a replica if you ask me. Maybe they put one in an auction to see what the realistic price should be.
Are they actually selling any? It was a nice looking brand-new car but a bonkers price for a replica if you ask me. Maybe they put one in an auction to see what the realistic price should be.
gemini said:
justanother5tar said:
Whats the yellow Renault thing, bottom right?
Looks interesting.
ETA; Now I've read the article rather than just look at the pretty pictures, RenaultSport Spider. Never seen one before.
See post two!Looks interesting.
ETA; Now I've read the article rather than just look at the pretty pictures, RenaultSport Spider. Never seen one before.
Edited by justanother5tar on Monday 27th July 18:57
Must try harder.
The BMW 3.0CSL is Seriously undervalued compared to its contemporary opposition....that Taiga green one was chassis no 9 of the 500 rhdrive CSLs that were bought here from Sept 1972.
It needed detailing and as a result, it suffered badly £ price wise by only making £58k at that auction.....
It needed detailing and as a result, it suffered badly £ price wise by only making £58k at that auction.....
Theophany said:
justboxsters said:
this 911 thing is nuts. I nearly bought a 964 coupe manual for £8000 about 5 years ago. Everyone but me seemed to hate them. It's all bandwagon stuff this. A LOT of people will loose a LOT of money soon when the bubble bursts....
I'm ooot.
Could't agree more. Just like any market, prices are inflated by speculation and crashed by realisation.I'm ooot.
I'm definitely not going to gloat when the market crashes, as many decent people are going to get their fingers burned. This will around the time that bank rates make it a little more attractive to leave your hard-earned in the bank (?)
Of course, some buy not as an investment but because it's aspirational, like I bought an RS500 before the market when crazy; I wouldn't sell as its not an investment and couldn't care less on how much the market values it.
Sadly, there are auction that are, as stated, notorious for bouncing bids off the back wall, which is ok for them if the auctioneer is on his mettle, but they look rather stupid when the top bid is, as suggested, the fire extinguisher in the corner.
Likewise there are certain dealers who, in my opinion, seem to look at the market price, add 20% and then see who is 'committed' enough to pay the inflated price (no names, no pack drill but a certain garage which is often 'pushed' by PH comes to mind)
Hopefully, in a couple of years when I'm able to buy the supercar of my dreams, the market will have come to its senses, but failing that I'm afraid, like others here, I'll pass, and look to something else.
In 1992 I was at table with a chap during the Daytona 24 hours. He was a young retiree and he explained that during the boom of 89/90 he owned an XKSS. He was approached by a notable British auction house and a deal was struck at what was for him a price beyond his wildest dreams; he then had enough to retire on, but then the market crashed leaving the auction house carrying the baby which they had obviously hoped to farm out at a huge profit. The car was offered back to him very cheaply six months later, but he politely declined. Couldn't have happened to nicer people.
LotusOmega375D said:
PistonBroker said:
DaveOrange said:
The RS owner was happy with the price and believed the car had sold. However there was a cock up with the auction and that bid was not valid. The owner and Silverstone Auctions are in discussions.
Ah yes, I expect the back wall hadn't registered to bid. ;-) Seems to be the second time the Renault spider has 'sold'.
Last time the hammer went down was in May
http://www.silverstoneauctions.com/1997-renault-sp...
There's a nice blue one for sale on PH for less than £19k.
Make your own conclusions.
Last time the hammer went down was in May
http://www.silverstoneauctions.com/1997-renault-sp...
There's a nice blue one for sale on PH for less than £19k.
Make your own conclusions.
Edited by crugbun on Tuesday 28th July 15:37
DefHed said:
I saw the 924 GT in the flesh - it had been polished within an inch of its life but, even then, some of the paintwork was absolutely shocking. A 924 for £50k? Completely crazy.
I bought the 924 CGT, and the paintwork is hardly surprising for a 30+ year old car that's been used. It's also the easiest thing to fix. Will probably do that over the winter. If the paintwork was in perfect nick, we could all complain about owners who never use their cars!The important thing is that it's been owned by a good guy, who's looked after it for the last 20yrs, and plenty evidence to prove it.
Values...well, don't disagree there's a bubble. There is, but this car hasn't bubbled as much as some and is, IMO, relatively well placed if the bubble continues. Crazy maybe, but slightly saner than some.
If it doesn't keep going, I won't lose any money as I won't be selling into a crash! Buy a car you want, at a price you're happy to own it at, and use it, whatever happens.
Funnily enough, at equivalent to €70k, it's the 'cheapest 'CGT auctioned this year....
https://www.bonhams.com/auctions/22722/lot/136/ €80k
http://www.carandclassic.co.uk/car/C619643 Went for €90k
Above are LHD, of which c325 built, 75RHD cars, and can't be many where RHD are currently cheaper than LHD equivalent.
rtz62 said:
I wouldn't sell as its not an investment and couldn't care less on how much the market values it.
I couldn't agree more on the principal but for some vehicles, the appreciation does get tempting. A right hand drive De Tomaso Pantera hasn't sold openly for 5 years and as an owner of one of the 9 RHD GT5s in the UK, that GT5s price is almost double what mine is currently insured for.
Dream car since I was 8 years old
355Chris355 said:
What bubble?Edited by SEE YA on Tuesday 28th July 20:54
355Chris355 said:
Maybe if you keep doing that repeatedly (as you have been) one day you might be right.....As we stand this is all rather like the never ending 'death of the Euro' thread
The Air cooled RS thing is nuts, and in as much as it does not make sense, i however do not believe the upward climb of the air-cooled 911 will stop, partly because these cars were all very special and thats all air-cooled cars, plus they are very robust cars compared to equivalent ferraris, i'm not sure the water cooled cars will do the same, in fact i just do not think so. So in as much as most are buying as investments which is a shame some will just buy because they are dream cars, i wish i had bought one when i bought my m5, but just was not a practical proposition for a family man besides my car sounds better on full chat, but still always wanted one, now regret not getting one then.... hmmmmnnn, well. I will watch this cars closely but as for them coming down to earth again, i seriously doubt it. So most definitely the time they were going for £15k approx is gone for good never to return, so defo no bubbles to bust unless of course its a Vert or Targa, which even those will still be knocking on the doors of high numbers.
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