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Old 03-12-2017, 11:21 AM
  #2311  
neurotic
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Originally Posted by CAlexio
i don't remember that, it was Kaitlin Jenner's.. she/he came on stage and claimed it had only done a few track days.. which, from videos we know not to be true.. but that's ok. He claimed that the entire proceeds were going to LGBT charities, and again, if true.. that's awesome.

my apologies to the previous poster, if i posted bad info... there are a few i was going from memory on. overall, i stand behind the fact that nothing seemed to sell, very few reached reserve.. and excitement level was close to zero. if I was off on 100 vs 900 mileage on that car, and the wrong color name.. oops. point stands doesn't it?
looks like $170 plus buyers premium. Damn, that's a pretty fair price
Old 03-12-2017, 12:49 PM
  #2312  
Footsoldier
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Here are the CGT auction results so far this year. (Includes buyer premium)
'High bid' is meaningless, as the auctioneer will take bids 'from the chandelier' up to the reserve price.
(There as a 250GT yesterday that had a 'high bid' of $8m, but apprently there wasn't a single real bidder)


Old 03-12-2017, 01:06 PM
  #2313  
secretcollector
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Default What auction app is this?

Originally Posted by Footsoldier
Here are the CGT auction results so far this year. (Includes buyer premium)
'High bid' is meaningless, as the auctioneer will take bids 'from the chandelier' up to the reserve price.
(There as a 250GT yesterday that had a 'high bid' of $8m, but apprently there wasn't a single real bidder)


Footsoldier - which app are you using on this screenshot please?
Old 03-12-2017, 01:22 PM
  #2314  
Footsoldier
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Hammer Price

https://hammerpricelive.com

It's good, and very customisable.
It was alerting me to results of last night's RM auction, before the hammer on the 'live' feed!
Old 03-12-2017, 02:34 PM
  #2315  
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Originally Posted by Larryf
How about that Black 4.0.....crazy. Having owned a 4.0 it's not that good of a car at CGT money
911R also bringing CGT money ...

would argue same point as you ...
Old 03-12-2017, 02:41 PM
  #2316  
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Originally Posted by Footsoldier
Here are the CGT auction results so far this year. (Includes buyer premium)
'High bid' is meaningless, as the auctioneer will take bids 'from the chandelier' up to the reserve price.
(There as a 250GT yesterday that had a 'high bid' of $8m, but apprently there wasn't a single real bidder)


Just to clarify something... is it usually 10% auction house fee to the buyer and to the seller?

Namely, is a car sells for $600k, can one assume the seller netted $540k (minus prep and transport etc) while the buyer paid $660k? or are the economics different? thank you
Old 03-12-2017, 02:51 PM
  #2317  
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http://www.goodingco.com/results/realized/?cat=37
Old 03-12-2017, 03:10 PM
  #2318  
Me&You
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Originally Posted by speef
Just to clarify something... is it usually 10% auction house fee to the buyer and to the seller?

Namely, is a car sells for $600k, can one assume the seller netted $540k (minus prep and transport etc) while the buyer paid $660k? or are the economics different? thank you
Typically, yes.

If the buyer buys the car on the block, he's paying 10%.

Standard seller's commissions are usually 10%, but it's not uncommon for an auction house to cut a deal with a seller to get a consignement, or to get the seller to accept a certain reserve, i.e. x% up to a certain amount and y% if it exceeds a certain amount.

If a sale occurs post-block, all bets are off as to who paid what to whom.
Old 03-12-2017, 05:35 PM
  #2319  
secretcollector
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Thank you Footsoldier. Just set it up, looks like a great tool.
Old 03-12-2017, 07:28 PM
  #2320  
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Originally Posted by Me&You
Typically, yes.

If the buyer buys the car on the block, he's paying 10%.

Standard seller's commissions are usually 10%, but it's not uncommon for an auction house to cut a deal with a seller to get a consignement, or to get the seller to accept a certain reserve, i.e. x% up to a certain amount and y% if it exceeds a certain amount.

If a sale occurs post-block, all bets are off as to who paid what to whom.
got it

thanks
Old 03-13-2017, 12:35 AM
  #2321  
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5 6 7 800k - buying at auction and paying market let alone over makes no sense.

There are plenty to be found and no offense but there are no special CGT's paint interior minor changes is not that big of a deal to attract the wow factor at an auction. It's better the CGT ends up with owners who don't sell vs those who wish to time a market.
Old 03-13-2017, 05:52 AM
  #2322  
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Originally Posted by Larryf
How about that Black 4.0.....crazy. Having owned a 4.0 it's not that good of a car at CGT money

110 percent agreed...I tried to buy the black 4.0 last Monday. I don't put the 4.0 in the same category as the CGT. Only those who have owned will understand.

The CGT is sublime and timeless. The 4.0RS is a beautiful 911 and the end of an era.
Old 03-13-2017, 05:57 AM
  #2323  
richk
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I also think speculating on cars less than 10 years old is a slippery slope.

The markets are being manipulated by a few dealers, auction houses, and some smart people trading these cars well.

I am enthusiast and a driver...I don't collect I drive, enjoy, and sell when I am done.

Look what happened with the 599GTO. Perfect example of hype...
Old 03-13-2017, 03:37 PM
  #2324  
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Rich,

What black 4.0 did you try and buy?
Old 03-13-2017, 03:41 PM
  #2325  
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Originally Posted by secretcollector
Thank you Footsoldier. Just set it up, looks like a great tool.
I am shocked that you didn't know what app this was considering how much you sell at the various auctions


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