Mecum Kissimmee GT auction result 1/13/18

[Johntpr]

 

[2112]

The guy with that collection must have a lot of mileage out of his last name.

 

[Xcentric]

The guy with that collection must have a lot of mileage out of his last name.

 

[pe2unia]

View attachment 49255

This posted price is including commissions. Hammer price was 290

 

[BIGFOOT]

The guy with that collection must have a lot of mileage out of his last name.

BaaaaAAAAAAA

 

[Sinovac]

View attachment 49256

I thought I had a problem moving cars around when I wanted to drive something.

 

[2112]

BaaaaAAAAAAA

Went to school gal named Anita Fok.

Yup, imagine that one coming over the school PA system with an emergency.

 

[RickH]

Most of his cars are very low mileage. Probably drives them a couple times and puts them away.

 

[ROCK]

The Ford GT would be the last car I sold out that picture.

 

[2112]

The Ford GT would be the last car I sold out that picture.

+1

 

[nautoncall]

Looks like he likes Porsche and Ferrari.


Sent from my iPhone using Tapatalk

 

[roketman]

If he is happy I'm happy!

 

[dbk]

He got pretty good money for everything. I assume he had a substantial deal with Mecum on the lot.

Blows my mind people are paying around $1.3m for F12 TdFs. His and one other both went just over $1.3m. I mean, yeah, it's cool, love the sound and the look, but you'd have to be out of your mind IMO to pay that money for a 1 of 799(yeah right) variant of a car that is produced in the thousands and typically worth $200-300k. That's more than a 2k mile 918 went for in Scottsdale. I think you'd have to really, really care about that prancing horse logo to make that call...

 

[AJB]

I was shocked last night at the prices at Barrett Jackson. In today's economy buyers are "feeling their oats"!!! Should make tonight interesting.
Andy (ajb)

 

[Beez]

I was shocked last night at the prices at Barrett Jackson. In today's economy buyers are "feeling their oats"!!!

Andy, how do you think we square this with the Mecum 4 option car 371 miles only $290k? It appears that despite the ever stronger economy, our '05-'6 cars are still not hitting the sales prices they did in '15-'16.

 

[ROCK]

Many good new cars in the market.
'18 720S with little miles can be had for about $340k as an example.

 

[RickH]

[QUOTE Andy, how do you think we square this with the Mecum 4 option car 371 miles only $290k? It appears that despite the ever stronger economy, our '05-'6 cars are still not hitting the sales prices they did in '15-'16.[/QUOTE]

I was going to bid on this car in 2015 at Kissimmee. I was even up on stage and it got to $290K in a heartbeat, selling for $300K. Still on MSO from original dealer with 560 miles. Seems prices have flat lined since.

https://www.mecum.com/lots/FL0115-204258/2006-ford-gt/

 

[dbk]

Auction prices were all over the place. Any weakness isn't because of other cars IMO. It's basically the opposite.

GTs have been a reasonable store of value for collectors the last couple years. If you were even thinking about it, which I think auction buyers often are, I wouldn't be skipping paying $300k on a GT so I could lose $100k driving a 720S for a year. I'd be skipping paying $300k on a GT so I could throw a dart at the board and make 30% on literally anything. DJIA 19,800 ---> 26,000 in a year.

 

[Gene Cassone]

I no longer put recent supercars in same class as 05-06 GT. No end to HP and performance wars. GT is a classic. No recent cars come close to the design. Not sure why market is soft. Z8s also way down in this month's auctions. American muscle seems to be heading back up. I guess natural fluctuations in the markets!!

 

[GKW05GT]

Most of our cars are still worth a good bit more than we paid and the return on investment can't only be measure in just $$$.