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Discussion in 'Vintage Ferrari Market' started by Timmmmmmmmmmy, Jun 30, 2019.
It seems cars with either delivery miles, or extremely low miles are still selling. The rest, not.
Just heard my friends dry sum 308 sold for 67,200 all in at Bonhams. I wish I had followed that. Well at least I still have a friend. I know he was hoping for over 100k.
Having listened a few times now, that guy is really bad at pronunciation. Only when he emphasized seven-teen did I understand him. He needs to go...like the Oscars let that PwC accounting guy go that messed up best picture.
Any updates on Testarossa ? What did they do? Market has been dead.
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....were they auctioning cattle...?
Ugly little thing.
Go to Manheim auctions on a Friday, 28 + lanes going at the same time all with Auctioneer Chant.
Any idea how lot 337 from the RM Sotheby auction did? Was it sold? If not, what was it bid to?
1962 Ferrari 250 GT SWB Berlinetta by Scaglietti
$8,000,000 - $10,000,000
Offered without reserve
RM | Sotheby's - MONTEREY 15 - 17 AUGUST 2019 - Offered on Saturday
Chassis No. 3359 GT
$7.4M hammer; $8.145M all in; right at the low estimate; no reserve, so yes, it sold
I just noticed that Mecum's Daytona hammered at $650k, for a $715k all-in total.
That is not bad in light of the $700k hammer, and $775k all-in sale at the RM Petersen auction over a year ago...
So maybe the Daytonas that did not meet expectations were a combination of wishful thinking that the market might be on the upswing (comparison above would seem to indicate that market is at best flat to slightly down), and perhaps the cars not actually being as nice as the descriptions indicated (Mecum car seems to indicate that good money is out there for the right car).
Can`t stop laughin`......
Not just the seller of this car; although he has a very good case that his listing fee should be returned for making such a hash of the auction.
If I had a car that didn't meet reserve and was scheduled to run after this debacle I'd be looking for compensation as well, as the steam (and many bidders) went out of the room.
I wonder what the sell rate was before and after this mess. Timmmmmmmmmmy??
IMO there were no bidders.
I've come to the same conclusion.
Has any no-sale ever had as much pre-auction hype as this one?
This Marten guy is top dog in RM,speaks 7 languages or something.problem is his pronunciation.LOL
Talk about money for old rope!
Max Girardo was far superior in my opinion. He spoke four or five languages and had great rapport with the bidders. He stroked them, flattered them, fake-shamed them when they were outbid......In short, he squeezed them and they coughed up the money because he made them want to do it. Masterful.
Thanks, a market correct price. In my opinion $8m is a fair deal for the 250 SWB. This car was perfect to my eye!
It was a mixed bag. 11 sales and 3 NS. A couple of the no reserve cars were light (a 2016 911R sold for $280k, a 1966 911 for $137k ). Then a 1967 911S Rallye sold for $825k more than double the estimate and a 1974 914 sold for $60k!. If the Type 64 had sold it's unlikely they'd have had a better result. Everyone was bound to be in a haze regardless.
I sat through every lot on Saturday evening and had no problem understanding Mr. ten Holder—no mispronunciations until the “Porsche” 64 rolled onto the block. Draw your own conclusions.
Pretty sure Ten Holder is not the out and out car guy that Max is and it shows in his delivery. I also suspect that Max's rapport was in part because he knew a lot of the bidders personally when Ten Holder doesn't.
I would assume he may be more of an all around car guy. Looks to be loving life. I took pleasure in telling him at the Maddison Micorcar auction that he was the devil incarnate. Like the snake in the Garden of Eden he was that good. Very persuasive in a relaxed sort of way and highly entertaining. I enjoy watching the Gooding auctions now.
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So are you saying that you saw the no-sale Daytonas, and thought they were actually really nice, and hence, the market really is down from a year ago?
Or are you saying that the estimates were just pipe dreams?
All I was saying was that the money for the Mecum car seemed surprisingly good (even shockingly so), which made me suspect that the no-sales were basically not that nice.
Or are you perhaps suspecting that there is something fishy about the Mecum sale?
To me, Daytonas have been down for a good while now, and mid-500s (all in) has been about the best that driver-quality cars can expect for the last year; and I think that number could well drift down to high-400s before there is any recovery. I'm no "dreamer"...