RM auction

L

Mike

• Aug 20, 2008

• #1

RM AUCTIONS#

Lot 217 sold for $66,000?! Can this be correct? Does anyone know the story? I have been looking at the replica market for a long time. I have been wainting for the right ERA to come along, but SPF looks equally impressive and readily availiable. Is the market THAT soft? I cant believe it.
PS
yes, I know its the first post, but never had anything of value to add.

 

M

Jack

• Aug 20, 2008

• #2

Someone really stole it!

 

C

Mike

• Aug 20, 2008

• #3

Looks like the Mustang drivers had pretty deep pockets. Almost $1m for a Stang....DANG!!

 

T

scott

• Aug 20, 2008

• #4

Yes, and I believe the listed sold prices include all premiums. Which means the final bid was 60K. Subtract the 10% buyers premium and the 7 % sellers no-reserve premium from the 66K final price and the seller nets about $56K.

For a 427 MKII !

Definitely a buyer's market for completed cars.

 

C

chuck smith

• Aug 20, 2008

• #5

a CAV with a marginal motor sold for 94K at the same auction. You run some serious risks in a no reserve auction. If there is only one guy there that wants a particular car, then the seller is hosed.

 

M

Jack

• Aug 20, 2008

• #6

Chuck's comment hit the mark!