2007 Gallardo Spyder sells for £73k at auction!
2007 Gallardo Spyder sells for £73k at auction!
Author
Discussion

diablovt

Original Poster:

72 posts

221 months

Tuesday 10th February 2009
quotequote all
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Amazing value! And to think there are 2006 cars in the classifieds for £85k! Dealers are trying to post these theads.....see link above

Jules360

1,949 posts

232 months

Tuesday 10th February 2009
quotequote all
diablovt said:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Amazing value! And to think there are 2006 cars in the classifieds for £85k! Dealers are trying to post these theads.....see link above
Provisional

XXVIII

2,800 posts

244 months

Tuesday 10th February 2009
quotequote all
that's marked 'provisional' on the sale list - how can an auction purchase be 'provisional'?... I thought that if you made a bid and the hammer came down, you were legally bound to buy or, did the vendor offer an opt-out?

In the current situation that 'some' people think we must kowtow to like it's a heaven-sent edict, that's not a bad auction price. Surely a well-spec'd official Lamborghini dealer maintained car would fetch more especially as they wouldn't be selling through any auctions just yet...

Actually, thinking about it a bit harder, that's got to be a panic sale in which case somebody should have covered their backs before the doo-doo hit the rotating air cooler... a pity there may be a few people like that at the moment.

Funky

1,064 posts

257 months

Tuesday 10th February 2009
quotequote all
In fairness only 1 person got this car. Its a lucky break for whoever did but just because 1 person got a bargain don't expect it yourself or anyone else.

I''m not trying to be bad about it but there's always good trade/auction/repo stories but prices are what they are on general markets and most people have to make do. The person who got that was in the right place/right time and also probably knew someone good.

Jules360

1,949 posts

232 months

Tuesday 10th February 2009
quotequote all
XXVIII said:
that's marked 'provisional' on the sale list - how can an auction purchase be 'provisional'?... I thought that if you made a bid and the hammer came down, you were legally bound to buy or, did the vendor offer an opt-out?

In the current situation that 'some' people think we must kowtow to like it's a heaven-sent edict, that's not a bad auction price. Surely a well-spec'd official Lamborghini dealer maintained car would fetch more especially as they wouldn't be selling through any auctions just yet...

Actually, thinking about it a bit harder, that's got to be a panic sale in which case somebody should have covered their backs before the doo-doo hit the rotating air cooler... a pity there may be a few people like that at the moment.
Does "provisional" not mean failed to make the reserve price?

peterh2

539 posts

261 months

Tuesday 10th February 2009
quotequote all
Jules360 said:
Does "provisional" not mean failed to make the reserve price?
I think with prestige auctions a lot of vendors ask the auction house to submit the highest bid to them. They will then decide if they want to sell at that price or not.

Hobo

6,644 posts

276 months

Tuesday 10th February 2009
quotequote all
The one at 73k SOLD, the one underneath it at 79k was provisional.

XXVIII

2,800 posts

244 months

Tuesday 10th February 2009
quotequote all
Jules360 said:
XXVIII said:
ow can an auction purchase be 'provisional'?... I thought that if you made a bid and the hammer came down, you were legally bound to buy or, did the vendor offer an opt-out?
Does "provisional" not mean failed to make the reserve price?
Jules, if I had Clue 1 I could answer you - I don't have any real car auction experience though so, I can't -

the answer to our question, is, I believe, OUT THERE in the X Files of PistonHeads!

geewhizz, I need some brains-out entertainment this evening but may well settle for Shameless...


I'm not saying that the Chatsworth Estate is the garden of Eden, but it's been a good home to...


nite all

TP321

1,522 posts

228 months

Tuesday 10th February 2009
quotequote all
Hobo said:
The one at 73k SOLD, the one underneath it at 79k was provisional.
Imagine having paid £90K for the same year one and then you read this weeping

I will never buy from a dealer again!

FactoryPilot

1,352 posts

246 months

Tuesday 10th February 2009
quotequote all
Must be a bit of an iffy spec for it to even end up at auction I would've thought. Friends of mine in the trade - albeit not Lambo, are struggling to find good stock at the moment.

Jules360

1,949 posts

232 months

Tuesday 10th February 2009
quotequote all
Hobo said:
The one at 73k SOLD, the one underneath it at 79k was provisional.
Did it? Not saying you are wrong, but where did you get that info from ?

burriana

16,556 posts

284 months

Wednesday 11th February 2009
quotequote all
Sod the Gallardo ...


2004 54 FERRARI 612 SCAGLIETTI F1A 5.7L COUPE. 27k. £56,000 provisional

Even at provisional and say they get haggled up a few grand, that is still a monumental car for the money!

gaz132

301 posts

272 months

Wednesday 11th February 2009
quotequote all
From the OP of his other auction reports.

SOLD - you pay this price plus a buyer's premium of 4-5%.

Provisional - you are the highest bidder but haven't met the reserve. Manheim will try and broker a deal between you an the vendor (either you move up or the vendor moves down). You are bound to buy the car if the vendor moves his reserve down to your bid, but are not bound to offer any extra. (Plus buyer's premium as before)

Submit Highest Bid (SMB) - The vendor has not left a reserve but has asked the auction house to submit the highest bid to him for his consideration. You are bound to buy the car if your highest bid is accepted. (Plus buyer's premium as before)

Wanta996Gotta

5,622 posts

237 months

Wednesday 11th February 2009
quotequote all
Just wondering how the LP560 Spider will do as why would any sensible person pay a predicted £150k+ for the LP560 Spider when 2008 low mileage spiders are going for £95k??? You do have to wonder if Lamborghini should have gave the LP560 600bhp to make buyers think they are getting allot more car for there money or just kept the list price as was with the outgoing Gallardo.

Same problem will arrive with the Scud Spider at £190K?? £190k for a "Fast" F430 Spider is pointless in my opinion with 2007/2008 used models at £100k.

P.S. I guess its similar to the Man Utd boys paying £140k+ for the facelifted Bentley Conti "Speed" when the original Conti can be had for £40k used.



Edited by Wanta996Gotta on Wednesday 11th February 10:18

Soovy

35,829 posts

301 months

Wednesday 11th February 2009
quotequote all

V8 who has been posting these threads reports that he is now banned from taking pictures at the auctions, apparently dealers have been bleating about punters knowing where their stock came from and how much they paid for it.

rofl


Witchbreed

196 posts

216 months

Wednesday 11th February 2009
quotequote all
Giallo Midas G Spyder sold at auction for £85k in Dec (and same car is up for sale for £90k). Currently £73-£79k is a fair price looking at demand providing the spec is right.

JustinP1

13,363 posts

260 months

Wednesday 11th February 2009
quotequote all
Wanta996Gotta said:
Just wondering how the LP560 Spider will do as why would any sensible person pay a predicted £150k+ for the LP560 Spider when 2008 low mileage spiders are going for £95k???...
You make the fatal assumption that £150k convertible cars are mainly bought by sensible people!

Some are, but many are with so much money they don't care.

willcrookz

11,555 posts

224 months

Wednesday 11th February 2009
quotequote all
Theres at least 4 cars I would of bought for those prices if I was at that auction.

£130,000 SLR seems like a good buy!


Wanta996Gotta

5,622 posts

237 months

Wednesday 11th February 2009
quotequote all
JustinP1 said:
Wanta996Gotta said:
Just wondering how the LP560 Spider will do as why would any sensible person pay a predicted £150k+ for the LP560 Spider when 2008 low mileage spiders are going for £95k???...
You make the fatal assumption that £150k convertible cars are mainly bought by sensible people!

Some are, but many are with so much money they don't care.
I agree but there are only a certain amount of Un-sensible people out there and i would assume Lambo were banking on current owners trading up to the LP560 which they may not be doing. I have noticed dealers with low mileage LP650's that they obviously cant shift going for approx 15-20k under list.

Same must be said with the amount of used Scuds avalaible at the Ferrari dealers.

TP321

1,522 posts

228 months

Wednesday 11th February 2009
quotequote all
http://www.pistonheads.co.uk/sales/892916.htm

good luck with that mate.......