Official Countach Value Thread

Not to shure if their ide of market correct price is the same as yours or Joes,they sell and trade cars day in day out, perhaps if their idea of price is not met,they simply at one point trade it off agaist 5 cheaper cars,and meet their goal that way,these guys are pro ,with very deep pockets,Also judging from the wibe at that perticular auction, it felt more like a getogether for the high end car buisness/stores than somthing they actually needed or had to do.

 

My reply was intended to sherpa23, roys post came inn between, sorry

 

Well if that is indeed the case, then they had nothing to lose by going to auction. I have never before heard of an auction company paying all of the shipping, etc. and essentially paying to have the car at the auction and paying to send it back despite a respectable bid. Certainly, if MG had a high reserve that they liked then there was zero risk and nothing to lose by sending the car there.

I was working off the premise that they operate like everyone else: pay the transport each way, but probably no entry fee, and deal with all the headaches of being at auction. And that's something for MG which typically wants all the money for their cars and often gets it. It's hard to see the motivation to go to auction if that is the case and not the scenario that you described.

 

I can guarantee you they did that, as they have done the same for me on a high profile car...now you may ask why..simple..they are ONLY investing maybe $3K in ship to and back...HOWEVER they know have a car that draws people into the Auction house..maybe it sells..at the very least it draws REAL bidders in with REAL money that may end up bidding and winning something else...as the old old old saying goes..."Lost Leader"

 

It's obvious why they do that. It happens in lots of businesses. When I was a professional cyclist, I was paid "start money" for lots of events because the organizers knew that if they had top racers in the event, they would get full participant fields, better crowd attendance, and better event sponsors. The best way to get the top talent is to pay them to show up. It makes perfect business sense as to why they would do that and it's smart.

BTW, I think that term you're looking for is "loss leader," but I know what you meant.

 

Anyone can be forgiven for the response you gave, because the misinformation out there is unbelievable. On the other hand, since discretion is the better part of valor, I'm fine with it. One thing is for sure, I would never even consider being in this business in any other way besides Private Treaty.

 

Yes.

Riva (BOAT) = Apples.

Countach (CAR) = Oranges.

Utterly different markets with no bearing upon each other, whatsoever.

Markets are very defined these days, and I'd even use the Apples to Oranges comparo in terms of say, Countachs vs Boxers.

 

Not sure whether it's been discussed yet, but do we think there will be another leap in prices when/if china opens it's doors to the use of classic cars?

 

I am willing to respond to this but it is a very thin line that I want to NOT cross over. I enjoy discussing and interacting on various forums and chat sites. But it can be stated that I also make money at buying and selling. And to openly comment about my past sales or future offerings I think is a direct violation of many forum rules. Unless of course I am a sponsor like Cats Exotics. Who I know personally and consider a friend. So I need some direction before I go rambling about my day to day intentions and the psychology behind what I do.

I just don't want to break any forum rules and get the moderators upset with me! What's the skinny?

 

Unless you're offering a car for sale in the thread, directly or directly, I think that you're okay to discuss how you feel about buying and selling. Mods can clarify but I think that's the rule.

I recognize that this hobby is made of all types of people: the dreamers, the dabblers, the collectors, the flippers, and everything in between. Each group plays their part in the whole thing and I think that it's important to understand the motivation of each one. It helps to make for a more enjoyable hobby, at least for me.

 

Okay, so there in lies the rub. I'll have to pass on responding to honor this rule. Sorry.

 

Well I don't want you to violate forum rules and I can appreciate your desire to stay within bounds.

As an aside, a subscriber get a certain amount of advertisements a year and I think that if you were a subscribed member, I don't think that it would be against the rules to discuss a car for sale, especially if you had an ad for it in the classifieds. I'm not a mod, however, and so I could be way off base on that but that's my interpretation of the rules in action.

Regardless, it's $15 a year to subscribe. I can't imagine if you're constantly buying and selling cars that it wouldn't be a benefit to subscribe get to put a limited amount of ads in the classifieds. It seems like a great return to me but I'm just a very amateur car collector so what do I know.

 

You're correct. It would be fine if a Mod wants to weigh in on this. The $15.00 is nothing in the scheme of things. I actually am a sponsor on many forums with some costing several $100. The challenge for me is that I am not narrowly focused. If it has a motor I would consider buying it. Or even if it is a motor by itself! I have owned several weird power plants through the years too. The point is, I have interest in many assets.

Can a moderator clarify the rules as to what I can and cannot discuss? Or better, what level of sponsorship is needed for us to openly offer vehicles?

 

Only a sponsor can directly advertise a car in this section. A normal user can subscribe for $15 and post the vehicle up in the classifieds. Sherpa23 is correct. He inquired about a Countach at an auction, which could be yours, so it's ok to answer. We discuss cars that are available often, many with links, and it is fine if the owner responds.

 

Okay, thanks for the clarification.

The SLS is mine and I bought it to enjoy and drive for a few months. Which provides me a much better understanding as to the marketability of the product. Like the Tesla P85+ I bought new in 2013 and drove for 18k miles. I consigned the SLS to the auction back in January with limited expectations.

I was however invited to participate in an episode of "What's My Car Worth?" with Keith Martin while there. The SLS and I should be live sometime in the next 3-6 months. Unless they decide to cut my car. Never know, I might be wrong for the camera or get lost in the editing room! The auction was insightful and my family did come with me. So we had a very enjoyable weekend overlooking the intracoastal waterway from our hotel room. And I did disclose to Kieth I was a dealer.

The red Countach at that auction was NOT mine. I just converted the Canadian registration to a Florida title on our Rosso Perlato car this past Tuesday. So it is now officially imported and titled here in the states. The car at the auction was straight red and considerably more miles.

 

Serious asking price for this, car was for sale I believe 3 years ago for 65k Gbp!

1983 Lamborghini LP500S

 

Wow. Seems a bargain huh . . .

 

Very nice livery.

Highly optimistic price.

 

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.

 

Wow!

 

anyone catch the black anny at BJ - accident factor?
1989 LAMBORGHINI COUNTACH ANNIVERSARY EDITION - Barrett-Jackson Auction Company - World's Greatest Collector Car Auctions

 

BJ is a terrible place to sell anything Italian, and has been since day one. What did the bid go to?

 

The bidding went up to $335,000

 

Oh... Well....Much better than I expected, especially adding in the buyers premium from BJ. I watched a black Mondial go for something in the low 20's. My exact thought was the seller could have done better on ebay.

 

was it really £65,000?? wow seems crazy the price they are asking now. maybe they will never sell it..good for them if they do.