GreenLantern

Haha. Right? Would not be surprised.

And then in a couple months after that, a different dealer for $750k, with no actual individual ownership transactions in between.

RockRoyalty

Its not such a bad thing that prices are going up, its good to know that you have a good investment that looks good where its sitting, well unless it comes time to buy another one.

Flachbau

... Top Gear bought it for $550k in November 2014 ...

GreenLantern

Ah. Thank you for that! And now my history of this car's pricing, and hand off from dealer to dealer, is even more complete.



(And even sadder.)

usctrojanGT3

So it looks like dealers are the biggest buyers of these cars and all they are doing is speculating that the future values keep rising and rising.

GreenLantern

Not commenting on whether or not that's actually the case, but, this is literally the definition of a speculative investment bubble.

bojali

did it sell? web site shows a 05 with 2500 miles @ $899k

nuvolari612

I drove my CGT - decided it's priceless

LA Brit

Only takes one drive to remember - it truly is a special, special vehicle.

Tacet-Conundrum

That car needs to go to Bonhams or RM during Pebble next month and see what it is really worth!

$900K is just Speculating Crapshooting at this point!

jvmax

we'll see on this one:

https://www.mecum.com/lot-detail/CA0...ra-GT/6-Speed/

CGT000

I think Bonham's or RM's Monterey auction would have been a more suitable venue for this car.

Tacet-Conundrum

I was going to say that exact same thing. Mecum is fine and well for your Ford Shelby's and Dodge Super Bee's but it is not the venue for Porsche's, Ferrari's and Lamborghini's et al. Though at Pebble and Monterey those who need to know will know about this car. Though at a Bonham's, RM, Butterfields (SP?) one might expect a greater return. Just the fact that the car is being sold at Pebble is enough.

I laugh when I see a good exotic collector's car being auctioned at one of Mecum's Auctions in the midwest between the big auctions and 90% of the time the cars sell at a good discount to what their true possible value!

It kind of erked me when Mecum went with NBCsports and Barret Jackson signed with Velocity. There was a point when it seemed, on TV, Barret Jackson was the only game in town with his January Auctions and then Reno. But when I lived in Reno I heard there was a lot of nepotism going on with which cars Jackson would choose - especially for the January auction. But over the past several years Jackson has been losing auction share to other American Style Auction house's. More so Mecum than any other I suppose. Isn't RM an American company that uses the English style of auctioneers? I think when an individual has a rare car from a European Marque the individual's bidding on a multimillion dollar car prefers the European Style of Bidding and Auctioneering as opposed to the "Giddy-Up" American style that is used at auctioning at Mecum's and Barret. I'm not saying that those methods are bad it's just every situation has it's place.

JS

Wrong venue for Porsche.

JS