Record price paid for an M12 GTO-3R
Discussion
I provided advice and price guidance on this sale and was offered it before the ad went live. I was tempted - but decided to remain loyal to my one owner Nobby R077 
It's basically a "new" M12 GTO-3R and went for the asking price of £49.500! The first call came in 10 minutes after the advert went live - the caller hesitated and, on learning the outcome, is now regretting it. The lucky new owner called less than 20 hours later and bought the car on the phone - without any price haggling - sight unseen.
So that's depreciation around only £3-4K off what it cost 14 years ago! FYI: I canvassed a couple of Noble dealers in advance and both suggested a retail price below its sold price.
Anyway, as some of you know, for years I've been banging on that we own potentially £50-75K M12s. This can only be movement in the right direction and is great news for us owners - perhaps less so for buyers so get in quick
If anyone knows of a lower mileage car or a higher sold price please share the news.
http://www.hampshireclassicsltd.co.uk/inventory/20...
It's basically a "new" M12 GTO-3R and went for the asking price of £49.500! The first call came in 10 minutes after the advert went live - the caller hesitated and, on learning the outcome, is now regretting it. The lucky new owner called less than 20 hours later and bought the car on the phone - without any price haggling - sight unseen.
So that's depreciation around only £3-4K off what it cost 14 years ago! FYI: I canvassed a couple of Noble dealers in advance and both suggested a retail price below its sold price.
Anyway, as some of you know, for years I've been banging on that we own potentially £50-75K M12s. This can only be movement in the right direction and is great news for us owners - perhaps less so for buyers so get in quick
If anyone knows of a lower mileage car or a higher sold price please share the news.
http://www.hampshireclassicsltd.co.uk/inventory/20...
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