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Mecum Auction: '89 5 speed w/ 16K Miles - SOLD: $50,000

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Old 05-03-2014, 06:42 AM
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RKD in OKC
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With the 5speed and Club Sport wheels...isn't that an 89 GT?

At Mecum, my guess is bid goes to 23K.
Old 05-03-2014, 11:27 AM
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JWise
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Is there any way to get the VIN, and can you do online bidding at Mecum? Hmmm. (My current car came out of nearby Fort Wayne, IN, so I already know my way back home )

Last edited by JWise; 05-03-2014 at 01:41 PM.
Old 05-03-2014, 12:40 PM
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James Bailey
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Mecum takes telephone bids sign up ahead of time prove you have $$$ bank letter etc. ....just remember the added buyers fees. Also possible state sales tax if you personally pickup the car instead of having a commercial shipper deliver.
Old 05-03-2014, 03:37 PM
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Randy V
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Originally Posted by RKD in OKC
With the 5speed and Club Sport wheels...isn't that an 89 GT?

At Mecum, my guess is bid goes to 23K.
If so it is being under represented and a savvy buyer may get a deal.

Mecum and Barrett-Jackson typically do not get the high dollars on cars out of the mainstream like the 928.

Right around $27K is my guess. Is there a reserve set on it?
Old 05-09-2014, 02:22 PM
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Bill Coleman
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Default '89 5sp @ Indy Auction

No affiliation -
http://www.mecum.com/auctions/lot_de...0&entryRow=980

Anyone else think that might be a GT?
Old 05-09-2014, 02:39 PM
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Darien
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Hi Bill...sure looks like it!

Did you see this thread? https://rennlist.com/forums/928-foru...16k-miles.html
Old 05-09-2014, 02:41 PM
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Kevin in Atlanta
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Its redline is 6500 - I think that means it is a GT. Anyone?
Old 05-09-2014, 03:11 PM
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Bill Coleman
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Originally Posted by Darien Nunn
Hi Bill...sure looks like it!

Did you see this thread? https://rennlist.com/forums/928-foru...16k-miles.html
Nope. I looked for another thread, but I missed that one.
Old 05-09-2014, 03:17 PM
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Bill Coleman
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Originally Posted by Randy V
Is there a reserve set on it?
Nope -
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Old 05-09-2014, 04:44 PM
  #25  
DougM
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Shorter shifter and dual tip exhaust. 2 of the visual signs of an '89GT aside from the CS wheels
Old 05-09-2014, 04:48 PM
  #26  
SteveG
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Originally Posted by James Bailey
Mecum takes telephone bids sign up ahead of time prove you have $$$ bank letter etc. ....just remember the added buyers fees. Also possible state sales tax if you personally pickup the car instead of having a commercial shipper deliver.
I skimmed the agreement, I think there is an additional $100 to bid by phone, but you save on travel and hotel. And of course you are not there to inspect or drive it home.

This car is really a dog, nobody should even look at it or comment further, let it die a quiet death. Heh. Heh.
Old 05-09-2014, 05:00 PM
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James Bailey
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Good chance the OWNER will end up bidding on it to avoid selling it for less than what he thinks it is worth......happens all the time on no reserve cars basically "protecting" it, they still pay the fees...So the auction house wins. Mecum always has a lot of dealers at their sales as they will provide free rooms, registration etc. for active buyers.....much like getting comps in Vegas And yes I have been to their auctions.
Old 05-09-2014, 05:21 PM
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rifitz
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It also appears they jack up the buyer's fee from 8% to 10% for absentee bidders. You also have to declare a max bid amount and give them 20% of that up front to play...
Old 05-10-2014, 12:00 AM
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James Bailey
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Yes they have a big problem with "buyers remorse" really, really need to be sure you are serious !!!!! And have the funds to make it happen....
Old 05-10-2014, 10:04 PM
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ender928
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Default Anyone going to Mecum in Indy Nice 928 there.

Pretty nice looking 928 there. My dad and I are planning to go just to look at some nice cars and have some fun. What's a good price for something like this? I at first thought I could afford it then realized 16k Miles!! Pricey I'm sure.

http://www.mecum.com/auctions/lot_de...e=&startRow=81


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