RM Auction in Battersea, some nice cars available

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Wow! £112500 for a Citroen bathtub

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Rollcage said:

The money is waiting for that POS Merc that is last lot, obviously!

I have a feeling that wont sell unless it has no reserve

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Who the hell spent £32k for that abortion???????

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Expect to see it cruising around Harrods next summer

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Now here is a conundrum for you. The 2008 Koenigsegg CCX with only 1700 miles on the clock sold for just over £251K including fees(Major bargain I think). How now can the dealer Supervettura ever expect to now sell their 2006 CCX with 2850miles for the advertised £582K or their 2004 CCR for £469K?

I know the Supervettura guys post on here sometimes; they must be feeling sick this morning. I am not gloating, I actually feel sorry for their situation, but it appears the market has spoken on Koenigsegg values today

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RoyaleDetailing said:

BelfastBoy said:

Moral of the story could be - if you want a Koenigsegg, buy second-hand and save yourself a fortune?

and buying from an auction will always be cheaper than buying from a dealer. You dont get a warranty and risk having a large bill waiting. What you are comparing is the auction price (which tends to be the lowest) to the showroom price (which tends to be the highest). Apples and pears.

The more expensive the car, the bigger the variance.

Are you you saying this only applies to modernish cars as record prices are being paid for classics and have been for the last couple of years now.

It also begs the question why the CCX owner decided to sell the car via auction and not via a dealer as the estimate was a lot lower than I would have expected a dealer to market the car at. Also I would not expect a dealer to offer a warrantee on a four year old EGG whatever the price was, only the factory would do that following a full service and you paying for an extended warrantee

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jonby said:

camshafted said:

Not just on the Koenigsegg, but also the Veyron. £579,000 appears to be an extraordinary figure for a car with 700km on the clock.

Also, will this Veyron figure affect the residuals of a Veyron Super Sport?

I think we have to remember that the Pagani Zonda is the exception rather than the rule

As others have said, a veyron is just like any other car but with bigger numbers. Not helped by huge servicing & other running costs, including things like new tyres every 2.5k miles (£20k from memory), new wheels every 7.5kmiles (IIRC) at another £20k and equally eye-watering service bills. That means at say £3-400k, it will not compete with aventadors at similar money because running costs will scare some people off. Plus the fact it really hasn't captured the imagination of 'drivers/petrolheads' the way Pagani's models have and in particular the Zonda

But going back to conventional depreciation, the fact is you can still order a new veyron today. Whereas you can't say an enzo, a zonda is difficult, even the forthcoming P1, F70 and 918 would be difficlut to order, all of which will probably be more desirable to petrolheads. Plus whilst I'm generalising, a lot of veyron buyers are quite showy and want the very latest, which this version is

Result is, a one week old one will be worth much less than a new one, a one yr old one must be worth at least 30% less than a new one and so on. This one is 4 yrs old - it's actually not that surprising to see what it raised

I go back to my first point - it's Zonda which is the exception in it's depreciation model, not bugatti

There has been a general asssumption amongst some that low volume high priced exotica is somehow a good investment. It might be, but it's by no means guranteed, it tends to be a very long term view that needs to be taken and without hindsight, you can't be sure what will be a good investment with a few very noteable exceptions - I can't for instance imagine how a 997 RS would not be a good buy if bought now and held for 10 years

This man talks a lot of sense

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jonby said:

Streetrod said:

Now here is a conundrum for you. The 2008 Koenigsegg CCX with only 1700 miles on the clock sold for just over £251K including fees(Major bargain I think). How now can the dealer Supervettura ever expect to now sell their 2006 CCX with 2850miles for the advertised £582K or their 2004 CCR for £469K?

I know the Supervettura guys post on here sometimes; they must be feeling sick this morning. I am not gloating, I actually feel sorry for their situation, but it appears the market has spoken on Koenigsegg values today

would be amazed if the 'eggs were not at Supervettura on commission

I think the car last night was an absolute bargain but the prices above sound somewhat optomistic, to put it mildly. Auction is often stated as being the true test of market value and to an extent, that's true of last night. So few 'eggs have been made or are traded that people will look to the sale to help get a true feel of value of their own and other vehicles

But I suspect this is one of that rare class of vehicle that actually needs to be sold by a dealer in pretty much any instance other than a 'must sell quickly scenario' as it will be a long sell, that needs a lot of extra specialised info and there is simply not the forum or wider knowledge base on 'eggs that there is for most other cars. So true market value is IMHO somehwere between the price last night and the SV asking prices

Your on a roll mate, another very sensible reply I will pay a lot more attention to your sage words in the future

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TurboTerrific9 said:

However, the best outcome would be that the car found a private buyer and someone who will keep it. Then it can be passed as an irrelevant outcome (except possibly for the guy who bought it from new).
What you don't really want to see is it now priced at 400k sitting on a forecourt.

PS the clarity on auction house etiquette was extremely informative, nice one.

Edited by TurboTerrific9 on Thursday 1st November 12:50

Agreed, hopefully it was a private buyer as they could potentially run it for a couple of years and not lose any money come resale, not including running costs obviously.

As for a dealer buying it surely they wouldn’t have the cheek to try and pull a fast one like that, not on such a high profile car?? Or am I being naive.....

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All the sale prices here including fees if anyone is interested:

http://www.rmauctions.com/AuctionResults.cfm?SaleC...