I'd be nervous entering a 05/06 into BJ this year. Likely to be a blood bath and great opportunity for buyers!
Did I overlook them or miss an auction? Chip Ganassi #2 car, 2005 Quicksilver Serial #3, Cena's, and THE Riveria Blue are also up for Auction. I believe there are more for auction not listed.
My bad for not intending to watch, but will someone be kind enough to tabulate the $ results, and perhaps some narrative, after all the shooting is done?
What day is the day ?I think selling nine on one day with no reserve will be REALLY interesting.
With that many it pretty much is a fire sale. But... The owners have no say in a no reserve auction. I Predicted there would be more FGTs at Scottsdale than Vegas but not this many... Same with Mecum. I really think you guys looking for cars now should be taking a trip to Phoenix or Florida in the next few weeks. I got my Cobra by setting a limit on each car, and if it passed, so be it. I ended up getting the one I wanted for exactly what I had set the limit for that car and it was below market.i think the market has softened a little so hopefully the owners don't just fire sale them.. keep them or offer the folks on the forum the good deals, keep them in the family. New Ford GT's are selling what around 750K-850K, has any sold over the 1M mark?
Great, thanks. Should be interesting viewing and generate a lot of comments.I probably won’t sit in front of my tv for two days, but after each auction I will tabulate the results and post here.
I don't see any Ganassi car listed.
Here are some thoughts:
- The market for everything is soft. This is not conjecture. I think McLaren will actually pay you to take their cars at this point. The new cars are available at huge discounts and even the low production stuff like the Senna is repeatedly failing to get bid to MSRP at auction. A low KM P1 sold for under MSRP recently, which was unthinkable at one point. Lambo is similar. Go ask the dealer what kind of deal you can get on an Aventador S on the floor. Many Porsche GT cars are no longer commanding monster (or any) premiums over retail. A bunch of no sale 918s in the region a little over MSRP. There were a couple bust auctions of major collector cars overseas in the last couple months.
It really, really, really doesn't take a genius to figure out the primary driver of "why" - there are a crazy amount of high dollar cars to choose from. Too many. McLaren practically introduces a new thinly changed derivative every other month. My local Aston dealer has a massive amount of cars sitting on their lot with giant red discount tags hanging in the windows. You can buy untold 911 variations at $200k+. Hell, you can buy yourself and of a half-dozen different SUVs that are $200k+ now, a market that pretty much did not exist at all when the 05 GT came out. This is to say nothing of the recent opportunity cost of having dollars stuck in cars when you have to actively try to not get double digit returns in the market.
- Auctions are not representative of the retail car market. Auctions are not representative of the retail car market. Auctions are not representative of the retail car market. Auctions are not representative of the retail car market. Auctions are not representative of the retail car market. Auctions are not representative of the retail car market. Period. Many of these auctions are spectator sport as much as anything else.
My prediction for upcoming auctions - people will pick and choose whichever side of the numbers they like (buyer or seller), and it will all mean little relative to what actually happens in the retail market.