Ak3249

Would anyone know if the 2.5% import duty brining the car from Canada to the US was paid already or will it be charged on top of the sale price?

unotaz

This was US car originally, so there won't be any import duty going from Canada back to the US.

MirageJHU

I actually think it's a good point to call out what the seller probably netted. It's hard to know because what the auction house takes is negotiable and only the seller and auction house know the number...but the seller is definitely taking home less than the hammer price (unless they are a super valued customer)

The seized CGT is up for auction later, https://www.cwsmarketing.com/?p=9739

unotaz

Ah, so this car isn't the government seized one.

CGT000

[QUOTE=MirageJHU;16360161]I actually think it's a good point to call out what the seller probably netted. It's hard to know because what the auction house takes is negotiable and only the seller and auction house know the number...but the seller is definitely taking home less than the hammer price (unless they are a super valued customer)

I actually disagree When a dealer sells a car taken on consignment, the owner is taking less on the sale as well. Therefor the hammer price plus buyers premium dictates the market IMO.

pors9

[QUOTE=CGT000;16360824]Having a reserve is best if you can get the auction house to go for it at the number you want. Because if there is a no sale everything becomes negotiable.

Seller commissions are quite variable depending upon how badly the auction house wants the car(s) and how strong the competition is to get them.

Usually the seller only takes home the hammer price if there is a problem or issue ... no matter how good a customer they are.

Buyer commissions are public and are pretty rigid unless there is a no sale. At which point everything is negotiable.

The hammer price plus commission is an estimate of market price but not necessarily the true market price. Sometimes a car will sell at hammer price plus commission that is greater than it could have been bought for months earlier in an adverstised public sale. Makes zero sense but happens more than you might think.

bojali

example would be the Amelia Island car sold by Canepa.
I guess if you like garage furniture, buy at auction,

nuvolari612

Auctions are what they are - if someone trusts a seller its likely a mistake at any level.

Sterling Sackey

To summarize the Scottsdale 2020 weekend:

WP0CA29805L001301 - $786k after auction fees @ RM Sotheby's. Black / Dark Grey. '05 with 2,500 miles. Ex-Tony Kanaan car, most recently living in Canada.

WP0CA29864L001091 - $775k after auction fees @ Gooding. Black / Dark Grey. '04 with 4,700 miles.

The above results inclusive of buyer's fee IMO are consistent with the current private market. Neither of the above cars were reported to be "excellent" examples based on those I spoke to who saw them in person - truly excellent cars probably would have cracked $800k. Regardless, the consistency of the CGT is a testament to their appeal versus many other modern supercars which are seeing fairly large price fluctuations in recent memory.

Upcoming in February:

WP0CA29835L001261 - Black / Dark Grey. '05 with 3,400 miles. Coming up at US Treasury Dept. Public Auction. Ex-Scott Tucker car, seized by govt. Apparently serviced while under government custody in July 2018 with a "4 year Porsche service," 4 new tires, new battery, and alignment. Missing many of its original accessories - I would imagine collecting those items probably wasn't of the greatest concern when the car was removed from Mr. Tucker's premises.

Jamie140

Wondering about this car. 2005, red 10k miles, service records, no luggage, clutch greater than 30, one engine out complete.

What's it worth?

Thanks.

CGT000

FYI, I was offered $800K 2 months ago for my red, 4500 miles CGT with full luggage and service records from day 1 and one engine out service.

usctrojanGT3

Mid to high $600s is my guess.

go-ran

^do it Jamie, pm me what Motion is asking for it. Just wondering, in no position to buy it.

E-Man

Too low Martin, put your flame suit on! hahaha. But seriously I think red would command something in the 7's even with the miles? Maybe I'm wrong who knows, but I do know that you and I just tested and are the market in the past couple months

997turbocab

Are you referring to the car at Motion Endeavours? lol I almost went to see that car the other day... Also Pfaff Tuning has a Silver with 18K for $925 CAD