I looked at it. Very nice car. It had obviously been freshly, professionally restored and detailed for the auction. Minor nitpicks: I did not care for the color and texture of the dashboard covering (too pitch black, etc.) but that is not unusual on restored Dinos. But on the whole, a very good looking car. The engine compartment also very nicely finished and detailed. Some emission control items and labels missing but again, not unusual for restored US Dinos. Overall, a seemingly very competent and respectable restoration. My guess is that it also brought quite a respectable price. These kinds of well prepared cars usually do. What did it sell for?
Sold for US$ 500'000 hammer, plus 10% buyer's premium = total US$ 550'000 all inc. Exactly as the high estimate was. Original color was Marrone Metallizzato 106-M-73. Marcel Massini
OK, thanks for that info. The price seems a bit on the rich side to me. It just confirms my impression that it is the freshly redone, bright and shiny ones which bring high prices at auctions. Original and unmolested cars - even though they are even more rare - usually do not do as well. Too bad that they did not keep the Marrone color. To me, Dinos look very elegant in that color, but I realize it is not as popular as Resale Red. The seller did well with this car, I think. Lars
I wouldn't think Marrone would be a good color until I saw it first hand on a Dino in Europe. Looked fantastic.
Higher prices usually mean that restoration costs are already included (paid for already). If the restoration cost 300 K and the car as such is/was 250 K then you can easily reach 550 K. Marcel Massini
Typical color of the great flower power era, late 60s and early 70s. Think mustard yellow (Giallo Senape), lime green (Verde Germoglio), purple (Viola), orange (Arancia), etc. Marcel Massini
Nice car overall but for some nit picky things, though the interior was not well done at all. The buyer was well into his 70s and looked like he planned on enjoying it. It was great to see.
This Dino is listed on the Gooding Scottsdale 2019 as having sold for $555,000. I looked at the prices realized/results on the Gooding Scottsdale 2019 website and it is confusing. According to the website, the buyer's premium is calculated as follows: Image Unavailable, Please Login Yet the results page indicates that the amounts listed included the buyer's premium at 10%, which would have resulted in an "all-in" price of $550,000. But according to the specific Gooding's buyer's premium section of the website, if this Dino was bid in the room to $500,000, then 12% premium on the first $250,000 would be have been $30,000, and the premium on the additional $250,000 would have been $25,000 for a total of $555,000 - so it appears that the buyer's premium WAS NOT 10% as stated on the results page, but instead was a blended percentage of 11% - not a huge difference on a $500,000 purchase, but still not 10%, so the buyer was charged an extra $5,000 over the 10% buyer's commission rate listed on the results page. Image Unavailable, Please Login
12% is the new 10%. Bonhams and RM Sotheby's are both at 12% up to $1 million now with 10% on any remaining amount.
I wouldn’t feel comfortable selling a car without a reserve. I really like the BAT experience where people can really take their time to research and bid. I love the knowledgeable blogs from people that aren’t associated with the auction. $24K recently for a set of four 906 steel/alloy wheels! That’s a great result!
BAT is doing an outstanding job and is continuing to expand. It will be interesting to see where it goes.
My friend’s rare survivor bellytanker is now on BAT. He would never have considered that venue in the past. https://bringatrailer.com/listing/1940s-bellytank-lakester-bellytank-lakester/?utm_source=dailymail&utm_medium=email&utm_campaign=2019-01-24
