but I had a nice RCR GT40 that appealed to the race crowd and it sold for $125,000 six months earlier.
F/S: 1 (one) white superlite.
Includes e-n-g-i-n-e! :shocked:
$198k
LMK.
but I had a nice RCR GT40 that appealed to the race crowd and it sold for $125,000 six months earlier.
Yes, but I think that it's almost impossible to find that value - the market is just too small - it's a probability game. .
For a nearly new car, I'd start at X (sorry!) and reduce the price each month until it sold (assuming that you need to sell). With such a small market, you might be able to get more, if the right people are looking at the right time and the build is well documented.So, if you had spent X dollars and Y hours building an SLC, how would decide it's price? What other information would you try to obtain (if any)?
For a nearly new car, I'd start at X (sorry!)....
A.) For the sake of point expansion, what if someone paid a "professional" to build their car. Would one then completely derogate that expenditure when determining a selling price?For a nearly new car, I'd start at X (sorry!) and reduce the price each month until it sold (assuming that you need to sell).
The discussion of parts cost and labor as a factor in determining price is possibly misguided. For example, no one cares how much cost McLaren has in their new street car-...
A.) For the sake of point expansion, what if someone paid a "professional" to build their car. Would one then completely derogate that expenditure when determining a selling price?
B.) If I build the car, would it be considered of "less value" in comparison to the person mentioned above? This is of course assuming that our build qualities are analogous.
:shrug:
Yes - McLaren have economies of scale (at least more than a component car manufacturer), a factory warranty, crash testing, arduous reliability testing and decades of racing pedigree. Customers understand the high development costs and the benefits that the design and testing provide.The discussion of parts cost and labor as a factor in determining price is possibly misguided. For example, no one cares how much cost McLaren has in their new street car- buyers compare it to prices of what are thought to be comparable cars in terms of style, performance, reputation, exclusivity, etc.
I think that the key factor is that buyers of component cars could build it themselves, choosing the exact parts that they want. They therefore don't put much value on the labour required to build the car, especially as people (including me ..) tend to underestimate how long things take.in the toy category, the calculus changes for the buyer, and original costs become an article of mild interest but not a factor in determining how much the car is really worth
Is this Russo and Steele Monterey auction going to be televised tonight? It is available online.
Alan,
Perhaps the ERA Grandsport (out of production) could be used as an example?