Quote:
Originally Posted by kach22i
That thread was a real shocker.
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It was a shocker because people made the assumption through their view via the internet that the car was a major project needing all kinds of work. This was justifiable considering how poor the photos from the auction house were. What made it actually sell at a fair market value was that the word got out through the internet of the car's availability and those serious about owning and capable of getting there in time went to the effort to come see it. It wasn't a car for the wholesale phone bidder to take a chance on because it wasn't well represented in photos. Way too nice for that and the auction house didn't get top dollar as a result in my opinion.
To put it in perspective, the $91k bid was looking to flip the car (he is the local Porsche dealer) and determined that $91k was essentially a wholesale value for that car. Fortunately for the hobby, the car went to someone who valued keeping the car and as-such the sales price was a very fair price.
Phone bidders who hadn't seen the car in person were out at $80k (also had to assume wholesale value/risk).
Now, that car was a 911S with rare and desirable options (leather sport seats, through the grill fog lights, etc) as well as low miles and complete/unrestored/unmolested. They only made 1400 and this was in the last 100 of the longhood 911S generation.
Now back to the regularly scheduled programing pertaining to a 356-C......