928s for Sale
#8521
I was being generous to Gooding. I doubt that $83K was a legitimate bid too, maybe it was, maybe it wasn't. There's no way to tell. Their online auction format is utterly opaque- no bidder identities, no number of bids or bid history, nothing. Makes you realize how good the BAT formula is for online auctions, and I bet there's a tense conference call at Gooding on Monday morning when they go over the results. There were 52 lots in the auction, 18 did not sell. What percent of the 34 were actual sales? Only they know.
https://www.goodingco.com/vehicle/1978-porsche-928/
#8522
Racer
If you are interested in talking about this car please leave me a private message. I can also furnish any additional photos by request if needed.
Last edited by por917; 08-17-2020 at 01:28 PM.
#8523
Archive Gatekeeper
Rennlist Member
Rennlist Member
Were you the consignor? Would be interested to hear your experience working with Gooding for Geared Online.
#8524
Everyone here and in the auction keep praising the car, but the market speaks; as does historical sales, BaT proves that. A paint to sample with less miles went for 80k, not sure how one can justify this going for more
#8525
Addict
Rennlist Member
Rennlist Member
I agree with @Rob Edwards 's sentiment -- who bid even $83k? The high end art world is the exact same -- galleries buy up name artists during market troughs to keep comps artificially inflated (Jeff Koons is an example).
But the BAT model is no silver bullet either: set reserve at 80, prompt your buddy to bid 79,928 at the buzzer to hopefully nudge someone over your ask. When that plan doesn't work out? "RNM."
But the BAT model is no silver bullet either: set reserve at 80, prompt your buddy to bid 79,928 at the buzzer to hopefully nudge someone over your ask. When that plan doesn't work out? "RNM."
#8526
I agree with @Rob Edwards 's sentiment -- who bid even $83k? The high end art world is the exact same -- galleries buy up name artists during market troughs to keep comps artificially inflated (Jeff Koons is an example).
But the BAT model is no silver bullet either: set reserve at 80, prompt your buddy to bid 79,928 at the buzzer to hopefully nudge someone over your ask. When that plan doesn't work out? "RNM."
But the BAT model is no silver bullet either: set reserve at 80, prompt your buddy to bid 79,928 at the buzzer to hopefully nudge someone over your ask. When that plan doesn't work out? "RNM."
#8527
Rennlist Member
A friend of mine sold his 993TT on BaT. He was argued down on reserve. IMO they were wrong but for some reason the black 996 twists he had on the car despite selling the OE 993 twists with the car held it back. The reserve was shy by $1000 but BaT ate the grand to push the sale through. I later found out that someone associated with BaT purchased the car.
#8528
A friend of mine sold his 993TT on BaT. He was argued down on reserve. IMO they were wrong but for some reason the black 996 twists he had on the car despite selling the OE 993 twists with the car held it back. The reserve was shy by $1000 but BaT ate the grand to push the sale through. I later found out that someone associated with BaT purchased the car.
#8529
Rennlist Member
I believe so. Although he was happy enough with the sale price. I could have gotten him probably another $20k for the car but wasn't willing to wait for the money. He is working on a very elaborate race car turned street car restoration which quickly consumed all the money.
#8530
I believe so. Although he was happy enough with the sale price. I could have gotten him probably another $20k for the car but wasn't willing to wait for the money. He is working on a very elaborate race car turned street car restoration which quickly consumed all the money.
But BaT talking him down on the reserve, then adding the final $1,000 to close the sale for a BaT affiliated person sure sounds like a conflict of interest.
#8531
#8532
If the reserve had not been met, maybe the seller would have wanted to relist the car? And someone who knows the reserve amount gets to buy the car? Reserves are hidden from all other bidders. How many people would have upped their bids if they knew the reserve was only $1,000 away?
I hope this an isolated case, but this sounds like a conflicted transaction. (edit): ..meaning the seller possibly could have been able to do better?
Last edited by Future928Owner; 08-18-2020 at 01:20 PM.
#8533
Rennlist Member
PORSCHE 928S4 1988*** - $31,000 (sw Portland)
@PorKen shared this with me today, nice low miles car at a price premium! (no affiliation)
https://portland.craigslist.org/mlt/...177688172.html
https://portland.craigslist.org/mlt/...177688172.html
#8534
Burning Brakes
https://www.elferspot.com/en/car/por...s-1994-722625/
Very heavily optioned 1994 GTS that was originally built as an Exhibition car for the Frankfurt Auto Show.
Very heavily optioned 1994 GTS that was originally built as an Exhibition car for the Frankfurt Auto Show.
#8535
Race Director
https://www.elferspot.com/en/car/por...s-1994-722625/
Very heavily optioned 1994 GTS that was originally built as an Exhibition car for the Frankfurt Auto Show.
Very heavily optioned 1994 GTS that was originally built as an Exhibition car for the Frankfurt Auto Show.