Lamborghinis at auction

Time slot is only important on a fairly common car, like a Mercedes 560SL or something similar. For that you want lots in the room to go gee I got to pick up that classic bargain. On a rarer car like a Countach with a following time isn't important.

 

I agree with what your saying. And its very obvious to those who saw, there were few bidders for some of these recent cars, so it was not an excuse. I didnt say that it would go for more post this auction or at a different venue. I said the auction houses will need to cut their fees to get a deal done at a similar price. Meaning thats all folks, the market has spoken. Its very clear buyers are saying no to higher prices. Period the end.

If your jonesin for a Countach you will find it anyway you can, that obvious. The point was you may not be getting the full effect of the heated auction exchange on a thursday night, which is what I would want if I would bring a car to auction, and I truly feel that way. Weather the final buyer would be in the room both nights doesnt matter to me. The feel, the drinks, the vibe, the excitement it might be much more in focus and attract some outside attention that would not be there on a Thursday. I would want to give myself that advantage, if it is any. Seems like a fair argument to me.

 

Jarama is just not a good looking car IMO. Some people talk about low build number and value having some sort of correlation, but sometimes a low build number has a direct correlation to its desirability at the time. All things are relative, since Lambos always have low build numbers. Then again, I have never seen a Jarama in person and I dont think you can judge any car until you see it in person.

 

I have seen one at the factory museum. I generally agree with your statements, but of course there is no accounting for taste. My personal view is it looks like a Japanese car of the era, that has be breathed on slightly in terms of styling accents and then someone messed up and built everything 3 times too big (engine and all).

 

I agree on the Japanese styling. Bertone has proven they arent always perfect.

 

Jarama
I have one. They're cool looking IMO. There was one early morning when I took the car to park where I walk. That was the day I "really" appreciated the look of the car. I as I am walking, maybe a quarter of a mile away, the look of the car in the distant was stunning. It was the weekend I was running the headlight doors open. There was just something very cool about the low look with the rake of the windshield and the 4 headlights. The squatted look on the gold knock off wheels.

That, and the fact of a twin cam V-12 with 6 webers, a five speed, rear wheel drive, mufflers delete, and, most of all, a short wheel base.....damn thing is so fun to drive!

 

In the current market you'll start to see the market passing on these higher-mileage cars thus precipitating the lowering of ask prices to get them sold.

FWIW, as promised at the end of the first quarter, I'll modify my values guide and publish a renewed version tomorrow.

 

In all fairness, yes, you do have a fair argument.

I think some of us are sharing some humor at the many many excuses that we've heard from Countach owners as to why car xyz did not achieve a certain amount. The market is the market.

 

So Buyer paid @ $335k, Seller netted @ $270k (approximately)?

 

12,000 miles on a 26 year old car is high mileage? C'mon.

 

What I meant was that 12,000 miles is "higher mileage" than the typical auction success cars of 1,000 miles and 2,000 miles.

Totally agree that in general its not high mileage at all!

We are speaking of auction success and that's what I was trying (poorly!) to illustrate.

 

I realize now you must have meant higher instead of high. My bad.

 

We are on the same page, no worries!

 

Thank you, better illustration of my point than I could manage myself.

Everyone seemed to be latching on to the usually-low-mileage cars as the basis for values of all cars including the higher-mileage ones.

 

When will buyers in this market stop caring so much about the mileage ?

The overall condition of the car is far more important than the number of owners or mileage.

Untill the markets focus turns in this direction I think that the cars that are actually in a good shape but with some KM on it will not get the price they deserve-

I would rather have a 30-60 KM car that are in good mechanical condition then a 3 KM car thats needs to be totally restaured.

Buying a car on an auction is risky since it is hard to know the real condition. Good paint is not a synonym with good mechanical condition.

The problem now is that potensial buyers are calculating 200-400T USD in renovation cost that will be additional to the purchase price for a Countach. Think this is some of the reason why the prices on the Countach is where they are at the moment.

 

Generally, once a car is 20 years old, overall condition of the car becomes equally important, and this increases with age.

 

Yeah, 300k, 400k is suspicious. Any over 200k is questionable.