Lamborghini Reventon coming up at auction.

[JoyZipper]

Copied and pasted from an email recieved from H&H auctions :-

H&H Classics Ltd will be showcasing vehicles for Private Sale within the enclosed Winter Gardens during the 2012 Canary Wharf London Motorexpo, which runs from Monday 11th to Sunday 17th June. Home to numerous multinationals and occupying 97 acres, the 37 towers concentrate some of the highest net worth individuals in the country. With over 400,000 visitors the show gives unparalleled exposure to a business population from all industry levels through to CEO.

Spearheading the Supercars already consigned is the sole UK registered Lamborghini Reventon (1 of just 20 sold worldwide). Outlandish even by Sant'Agata standards, the Reventon is a true show stopper.

[matc]

Be interesting to see what it makes, my guess is nowhere near the purchase price - amazing car, but not special enough to warrant the inital price-tag IMO.

[TomN94]

The sole UK Lamborghini Reventon Coupe that should be, the owners of said car also have a Roadster which they are keeping

[z4chris99]

and a PHer car too, or at least his son is.

I suspect 500-600? and will go unsold

[UH-Matt]

TomN94 said:

The sole UK Lamborghini Reventon Coupe that should be, the owners of said car also have a Roadster which they are keeping

Haven't they been trying to sell this forever?

[TomN94]

Since mid to late last year afaik...can't be too sure, but Super Vettura have had it for a while

[z4chris99]

UH-Matt said:

Haven't they been trying to sell this forever?

I think so.... with the 670 and aventador I don't see how a rev is worth a million

[camshafted]

A lot of the people have been getting the wrong end of the stick with this Reventon. It's not going to "fetch" anything, it's being advertised for £1 million. No plans for it to go under the hammer.

Which seems a mad price - particularly when you could have got it (and maybe still can) from Supervettura for £850,000.

[Tuvra]

Surely its not about performance over the 640/670 or Aventador?

In twenty years time what will a Reventon be worth against the above? Significantly more I should think...

[will_]

camshafted said:

A lot of the people have been getting the wrong end of the stick with this Reventon. It's not going to "fetch" anything, it's being advertised for £1 million. No plans for it to go under the hammer.

Which seems a mad price - particularly when you could have got it (and maybe still can) from Supervettura for £850,000.

What an odd e-mail then - the car has been "consigned" apparently?

ETA - and it's on the lot list already:

http://www.classic-auctions.com/Auctions/14-06-201...

[andrew]

UH-Matt said:

TomN94 said:

The sole UK Lamborghini Reventon Coupe that should be, the owners of said car also have a Roadster which they are keeping

Haven't they been trying to sell this forever?

it's been for sale off and on for at least three years

[InsideDealings]

I have a feeling the wall will be kept busy when the lot comes up!!!

[camshafted]

will_ said:

camshafted said:

A lot of the people have been getting the wrong end of the stick with this Reventon. It's not going to "fetch" anything, it's being advertised for £1 million. No plans for it to go under the hammer.

Which seems a mad price - particularly when you could have got it (and maybe still can) from Supervettura for £850,000.

What an odd e-mail then - the car has been "consigned" apparently?

ETA - and it's on the lot list already:

http://www.classic-auctions.com/Auctions/14-06-201...

That is interesting. I was under the impression the auction house was selling it at a set price rather than in an auction.

Also, both the Reventon and the E-Type have been assigned "Lot Entry 0".

[will_]

camshafted said:

will_ said:

camshafted said:

A lot of the people have been getting the wrong end of the stick with this Reventon. It's not going to "fetch" anything, it's being advertised for £1 million. No plans for it to go under the hammer.

Which seems a mad price - particularly when you could have got it (and maybe still can) from Supervettura for £850,000.

What an odd e-mail then - the car has been "consigned" apparently?

ETA - and it's on the lot list already:

http://www.classic-auctions.com/Auctions/14-06-201...

That is interesting. I was under the impression the auction house was selling it at a set price rather than in an auction.

Also, both the Reventon and the E-Type have been assigned "Lot Entry 0".

Probably because the auction is too far away for lot numbers to have been assigned yet.

Where did you get your info from?

[Streetrod]

This car was the subject of a heated discussion on here when it was first bought. A couple of people close to the car were trying desperately to justify its initial costs and big mouths like me were saying it was a massive marketing scam by Lamborghini. The last time I looked the car had less than a thousand miles on the clock and had been up for sale for at least a couple of years.

I'm afraid that when this car comes up for auction it will be unlikely to hit its reserve price unless it is set at a very low level. Even if the reserve was set at half a million it will still look expensive

Its biggest problem now is that when compared to an Aventador it just looks a bit tubby, is very over priced and does not have anywhere near the performance.

This car I suspect is only going to appeal to a completest who has to have one of all the Lambo's ever made and only then if the price is right

[will_]

Streetrod said:

I'm afraid that when this car comes up for auction it will be unlikely to hit its reserve price unless it is set at a very low level. Even if the reserve was set at half a million it will still look expensive

It also sets the car up for a potentially large "fall" if it doesn't sell, or even get bid to near the reserve.

I wonder why they used H&H (a good, but relatively small outfit) when it may sell better with a more global audience such as RM in London in October?

[camshafted]

will_ said:

Probably because the auction is too far away for lot numbers to have been assigned yet.

Where did you get your info from?

I spoke to someone (can't remember who) at H&H.

[Streetrod]

will_ said:

Streetrod said:

I'm afraid that when this car comes up for auction it will be unlikely to hit its reserve price unless it is set at a very low level. Even if the reserve was set at half a million it will still look expensive

It also sets the car up for a potentially large "fall" if it doesn't sell, or even get bid to near the reserve.

I wonder why they used H&H (a good, but relatively small outfit) when it may sell better with a more global audience such as RM in London in October?

I don’t know how much H&H charge for the buyer and sellers premiums but I do know that RM and the like are expensive. When you add those costs to the likely selling price of the car then it might have had even less chance of selling with the big boys

[camshafted]

At the recent RM Auction in Monaco, they were adding a 15% premium to the hammer price I believe.

[will_]

Streetrod said:

will_ said:

Streetrod said:

I'm afraid that when this car comes up for auction it will be unlikely to hit its reserve price unless it is set at a very low level. Even if the reserve was set at half a million it will still look expensive

It also sets the car up for a potentially large "fall" if it doesn't sell, or even get bid to near the reserve.

I wonder why they used H&H (a good, but relatively small outfit) when it may sell better with a more global audience such as RM in London in October?

I don’t know how much H&H charge for the buyer and sellers premiums but I do know that RM and the like are expensive. When you add those costs to the likely selling price of the car then it might have had even less chance of selling with the big boys

It will depend on the car. If it's of high enough value, they may reduce the sales commission to get the car on-board, making their money on the buyers commission.

On a car like this, paying a few % extra for a wider audience could pay dividends.