RM/Gooding's how to monitor the auctions? | Page 2 | FerrariChat

RM/Gooding's how to monitor the auctions?

Discussion in 'Vintage (thru 365 GTC4)' started by elads, Jan 16, 2009.

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  1. elads

    elads Formula Junior

    Dec 29, 2004
    282
    israel
    Full Name:
    elad
    #26 elads, Jan 16, 2009
    Last edited: Jan 16, 2009
    Not there, but through the streaming video, i see no sales aside from very few random lots and no-reserves.
    Common, the market is lower, lets agree and move on.
    835k for a gtb/4 is a nice 40 pct off the top.
    Its not a question of compromising the seller asking price, its more that there are no buyers at the levels that cleared 1 yr ago. Period.
     
  2. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    What happened with the Corvette Grand Sport? Did it reach 8 Million?
     
  3. targanero

    targanero Formula 3

    May 31, 2005
    1,661
    New York
    Full Name:
    Simon
    I think that it only bid to $5M which may have been the opening bid. I could be wrong though.
     
  4. billnoon

    billnoon Formula 3
    BANNED

    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    Just for the record, the 4 cam sold in 06 for $750K. Both the seller and new buyer are white pleased with today's sale.

    I mentioned many times before, I have sold many 4 cams over the past few years nut never had one ever come close to the high numbers others achieved.

    The crowd has finally started to thin out but the Lusso had sting following and bids. Just sold to a new buyer at $500K / $550K with commisions. Looked like a decent car from
    What I could see.

    More later as I can.

    Bill
     
  5. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    Which IMO was the Chandelier. Boxer 89K. Lusso 550K. 4 Cam 835K. 300SL 425K, Grand Sport NS. Not sure what the 4 Cam sold for in 06 has to do with anything. Elads is right. Same car would have sold 6 months ago for 1.25MM at RM Monterey. TDF NS @ 1.8MM.

    When the hammer drops the bull**** stops.
     
  6. billnoon

    billnoon Formula 3
    BANNED

    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    Another crazy sale with multiple new buyers fighting over a car. 37 Cord went for nearly $500K!

    The stutz was equaly crazy going for nearly $600K.

    There is an argument over the Grandsport. The car was sold @ $5M but the under bidder thinks he was the high bidder. Rob is trying to work it out.

    The Europa had very little interest. Real bidding that I saw myself ended at $550K but called a no sale at $600K.

    Bill
     
  7. elads

    elads Formula Junior

    Dec 29, 2004
    282
    israel
    Full Name:
    elad
    is Rob Mayers still smiling...?
     
  8. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    Look at the latest FML. Look at the 2 Cams, 4 Cams, Lusso's, TDF, for sale. Note the asking prices. Note the prices these models sold for or NS for tonight. Bit of a disconnect.
     
  9. targanero

    targanero Formula 3

    May 31, 2005
    1,661
    New York
    Full Name:
    Simon
    '65 shelby 289 cobra expected to bring $525k-625k just hammered sold at $425k for anyone interested.
    Live feed is interesting to watch - unfortunately you can't see the cars on the stage.
     
  10. elads

    elads Formula Junior

    Dec 29, 2004
    282
    israel
    Full Name:
    elad
    #35 elads, Jan 16, 2009
    Last edited: Jan 16, 2009
  11. jm3

    jm3 F1 Rookie

    Oct 3, 2002
    4,364
    United States
    Full Name:
    JM3
    The exact same car for sale at 1,100,000 got stuck at 500. Time to paint it red and cut the top.
     
  12. billnoon

    billnoon Formula 3
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    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    Too many lots... People are starting to loose interest but the medium an no reserve lots are still finding homes.

    I spoke with a freind of the new owner of our BBi and the Lusso, he feels both cars even with commissions were a great deal.

    I think the Lusso was a good buy but the BBi Probably seems likes better deal than it real was.

    275 GTS comes up in another 4 lots.

    Cheers,

    Bill
     
  13. elads

    elads Formula Junior

    Dec 29, 2004
    282
    israel
    Full Name:
    elad
    275 GTS spyder, at 350k sold...

    no momentum... if gooding comes at the same levels consider the market shut.
     
  14. targanero

    targanero Formula 3

    May 31, 2005
    1,661
    New York
    Full Name:
    Simon
    Wow. 275gts just sold for $350k.
     
  15. Mrpbody44

    Mrpbody44 F1 Veteran

    Jul 5, 2007
    7,899
    St Augustine Florida
    Full Name:
    Steve Metz
    The Europa had very little interest. Real bidding that I saw myself ended at $550K but called a no sale at $600K.


    Starting to get back down in my price range. I would love to have one
     
  16. billnoon

    billnoon Formula 3
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    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    275 GTS brought $350K, $385K with commissions. Probably the best deal on a Ferrari tonight.

    Car was very nice but the red / tan was not a plus I'm the sale price. Bob Smith's name on the restoration, the Factory hard top and tools were major plusses.

    Still another 35 lots to go!

    Cheers,

    Bill
     
  17. elads

    elads Formula Junior

    Dec 29, 2004
    282
    israel
    Full Name:
    elad
    #42 elads, Jan 16, 2009
    Last edited: Jan 16, 2009
    Wait till the low 400's... it will get there by summer. Great car, full classic.
     
  18. jm3

    jm3 F1 Rookie

    Oct 3, 2002
    4,364
    United States
    Full Name:
    JM3
    You can see the corner of the F40 right now. Sweeeeet
     
  19. trashidelek!

    trashidelek! Formula Junior

    Nov 18, 2004
    925
  20. billnoon

    billnoon Formula 3
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    Aug 22, 2003
    1,176
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    Bill Noon
    F40 sold @ $430K all in. Car had major accident and huge repair that involved the rear subframe being replaced and many other associated repairs as a result of the accident.

    I have clients to entertain and am headed out. As usual it was quite the show.

    Ignoring some of the new records set on medium priced cars, the biggest surprise is the number of new first time buyers jumping in at the new price levels both up and down accros a wide spectrum of different machines.

    My best to all, always,

    Bill
     
  21. miuras

    miuras Rookie

    Sep 28, 2005
    46
    Southern Calif
    Does anyone have the selling prices for the Ghibli, Alfa Duetto, Miura, and the Mangusta?
     
  22. italiancars

    italiancars F1 Rookie

    Apr 18, 2004
    3,445
    Hershey, PA
    #47 italiancars, Jan 16, 2009
    Last edited: Jan 16, 2009
    Ghibli SS did 85k + fees. Color may not be for everyone's taste.

    The Mangusta did 83,500 + fees.
     
  23. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    I bet the restoration costs were a large part of 350K.
     
  24. RufMD

    RufMD F1 Rookie
    Owner

    Jan 31, 2004
    3,246
    USA
    Full Name:
    Jas

    :) looks like there will be some second chances on cars missed during the last run up
     
  25. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    That's 4 Sure. If you guys are in Palm Beach next weekend come by an say hello on Sat. !
     

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