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The Pub For General Automotive Related Talk |
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10-03-2008, 06:24 PM | #1 | ||
Regular Member
Join Date: Jul 2006
Location: Northern Melbourne
Posts: 74
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Just a couple of the auction results from today.
1995 Mustang Coupe - $18000 1966 Mustang Coupe - $51000 1966 Mustang Conv - $44000 - passed in 1956 Thunderbird Conv - $65000 1962 Thunderbird Sports Roadster - $79000 - passed in 1971 Falcon XY Ute - $24000 passed in 1978 Falcon XA GS Ute - $34000 passed in 1976 Falcon XB GT Sedan - $44000 passed in 1970 Falcon XW GT Sedan - $112000 passed in 1971 Falcon XY GTHO Ph3 - $570000 passed in 1959 Galaxie Skyliner Conv - $82000 1972 Falcon XA GT Coupe - $92000 1971 Falcon XY GT - $285000 passed in Seemed to be a lot more interest in memorabilia than cars. |
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10-03-2008, 06:37 PM | #2 | ||
Weezland
Join Date: Aug 2005
Location: Sydney,workshop mod
Posts: 7,216
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Either someone is very confused,or its a typo,
they stopped making XA's in 73',even the utes.. |
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10-03-2008, 07:48 PM | #3 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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The XYGT passing in at 285K is surprising.. its a fantastic resto, but that's about 50K more than we thought its worth..
Does anyone know if the passed in cars had genuine bids or just vendor bids? Most of the time passed in means no bids...
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335 S/C GT: The new KING of Australian made performance cars.. Last edited by 4Vman; 10-03-2008 at 07:54 PM. |
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10-03-2008, 07:52 PM | #4 | |||
335 - STILL THE BOSS ...
Join Date: Dec 2004
Location: Melb East
Posts: 11,421
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Quote:
The US cars sold well with almost no sales from the Aust stock ....... ?Mustangs show they are still very popular. Does this mean the reserves are getting silly? THe bubble has burst? Or just no interest? | [/url] |
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'73 Landau - 10.82 @ 131mph '11 FG GT335 - 12.43 @ 116mph '95 XG ute - 3 minutes, 21.14 @ 64mph 101,436 MEMBERS ......... 101,436 OPINIONS ..... What could possibly go wrong! Clevo Mafia [SIGPIC][/SIGPIC] |
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10-03-2008, 07:56 PM | #5 | |||
Regular Member
Join Date: Dec 2006
Location: Sydney
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Quote:
so my reservation would be vendor (mates) bids. It happens with real estate, and happens with these hyped up motor auctions. Prospective buyers have woken up with auctions. |
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10-03-2008, 08:00 PM | #6 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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Quote:
Golden rule, never use advertised prices or passed in prices as any guide..... The H3 might have passed in at 570K but that could be a vendor bid.. there might not have been anyone interested in bidding at auction for it. It could sell next week privately for 650K.. (or 450K) but you'll never know.
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335 S/C GT: The new KING of Australian made performance cars.. |
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10-03-2008, 08:11 PM | #7 | ||
Regular Member
Join Date: Jul 2006
Location: Northern Melbourne
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Yep sorry about the typo.
All the cars that were passed in did have people bidding however half did end on the vendor bid. It seemed strange that even though some cars were at the top end of the buying guide they still passed in. |
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10-03-2008, 08:17 PM | #8 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,768
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Quote:
It's strange that there are plenty of 'dumb' US muscle buyers at these auctions, yet Aussie cars have stalled. You'd expect there would be atleast a couple of dumb Aussie car buyers Surely not only Aussie car enthusiasts are 'smart' and deal behind closed doors? |
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10-03-2008, 08:21 PM | #9 | |||
FF.Com.Au Hardcore
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Quote:
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335 S/C GT: The new KING of Australian made performance cars.. |
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10-03-2008, 08:21 PM | #10 | |||
Peter Car
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Location: geelong
Posts: 23,145
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10-03-2008, 08:25 PM | #11 | ||
Regular Member
Join Date: Dec 2006
Location: Sydney
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The smart buyers buy the bargains becasue their is a good chance on making money on them in the future, take the XAGT coupe that sold for example, Fair price i reckon.
Which "investor" (not an enthusiest with a rush of blood to the head) would spend over 600k on a HO in todays financial climate? 600K locked away for a year would bring close to 50K anuall return on just a basic bank term deposit avail today. Thats just a basic term, play the risky game your returns could be 5+times more if lucky and smart about it. The investors got caught with all the hype the past couple of years thinking they will double their money in a year, year right. Hence all the passing ins. They have moved to the cheaper options now ie: monaro's rt's so on. Then you get the boomers that always wanted one and are passionate about them that will spend the dough because they can, and good luck to them. What gets me is hype that goes with it all. one person is asking 550k the next 600k ohhh mine is 10 times better i'll get 850k for mine. And where's this chap that is selling the white HO for a million? is it still for sale? or did he trade the 4 porches for it a the porche dealer? Thats the hype im talking about. And its a turnoff for prospective buyers, well i think so anyway. |
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10-03-2008, 08:28 PM | #12 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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Quote:
For an auction to pass the reserve you need at least 2 keen potential buyers there on the spot, there might have been someone prepared to spend 300K on it, but why bid against yourself? let it pass in then negotiate. Conversly there might not have been anyone interested, that's the problem with auction results..
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335 S/C GT: The new KING of Australian made performance cars.. |
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10-03-2008, 08:29 PM | #13 | ||
N/A BOSS 390+
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I just feel for those who bought these old muscle cars at a premuim price. :togo:
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WOOOOOOOOOO FPV GT 03 /341 RWKW OF N/A POWER. XB GT 73 /OLD FORD MUSCLE ALL AUSSIE MUSCLE |
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10-03-2008, 08:32 PM | #14 | |||
FF.Com.Au Hardcore
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Quote:
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335 S/C GT: The new KING of Australian made performance cars.. |
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10-03-2008, 08:39 PM | #15 | |||
BLUE OVAL INC.
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Quote:
There is a definate trend towards other stuff that still has room to grow, this trend gives strong evidence that the current market is full of investors looking to make a buck quicker than they can at a financial institution. The GT market has definately maxed and they want to find something to move onto that will have a better chance of providing a good profit. I doubt there are many enthusiasts amongst them. The XA for $92k is something you would expect an entry level investor/ enthusiast to afford, more desirable. What are the specs, big port? toploader? as compared to the XB which passed in early. |
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10-03-2008, 08:54 PM | #16 | |||
Clevo Mafia Inc.
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Quote:
The XB was a sedan, coupes have a slight premium over them. |
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10-03-2008, 08:56 PM | #17 | |||
N/A BOSS 390+
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Quote:
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WOOOOOOOOOO FPV GT 03 /341 RWKW OF N/A POWER. XB GT 73 /OLD FORD MUSCLE ALL AUSSIE MUSCLE |
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10-03-2008, 08:59 PM | #18 | |||
Whipple Induced
Join Date: Jan 2005
Location: WWW
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As an enthusiast, obtaining an original classic GT is not something that can be taken for granted anymore. Their are limited genuine numbers left and that's not taking into account if you want a particular colour, option or gearbox etc. With this in mind those with the money who are lucky enough to find the one they are after determine it's ultimate value at that time. It's easy to look at a car your not passionate about and claim it does not represent the owners marked value, but say that about a car you are very passionate about, of which you have only limited opportunities to obtain, both now and even more so in the future.
Personally I hate seeing these cars go to investors that are not car enthusiasts. I understand why it happens of course but it just doesn't sit with me well.
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10-03-2008, 09:03 PM | #19 | |||
BLUE OVAL INC.
Join Date: Feb 2006
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Quote:
Which is why i asked of the specs. If the coupe is bigport manual then it too would be good entry level stock for an investor at that money. |
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10-03-2008, 09:07 PM | #20 | |||
Clevo Mafia Inc.
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Location: Melbourne
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Quote:
Big port manual coupe was a good entry level investment 5 years ago when i got mine, missed the boat now i reckon. |
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10-03-2008, 09:18 PM | #21 | ||
335 - STILL THE BOSS ...
Join Date: Dec 2004
Location: Melb East
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The investment boat has sailed. THose who did purchase 5 years ago, most didnt expect that it would turn out like it has. Purchasing a $300,000 house rented is a way better option over a GT. Its only those with more money than sense are parting out these ridiculous prices, but if they have it and want it why not. If there is a down turn, toys start appearing on the market real quick!
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'73 Landau - 10.82 @ 131mph '11 FG GT335 - 12.43 @ 116mph '95 XG ute - 3 minutes, 21.14 @ 64mph 101,436 MEMBERS ......... 101,436 OPINIONS ..... What could possibly go wrong! Clevo Mafia [SIGPIC][/SIGPIC] |
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10-03-2008, 09:25 PM | #22 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,768
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Quote:
the 170k car is supposed to have special history. These cars haven't sold, so i would consider a bigport coupe at auction for 92k would be a bargain with room to move for an investor thats if it is a bigport car. |
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10-03-2008, 09:29 PM | #23 | |||
Regular Member
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Location: Sydney
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Quote:
Alot of people have purchased their toys through refinancing their home loan, somethings got to give when interest rates take the hike again. What will it be? support the family or get rid of the toys. My guess would be the latter, in urgency and possibly at a loss. |
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10-03-2008, 10:46 PM | #24 | |||
N/A BOSS 390+
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Quote:
That XA that sold for 92K today was a well optioned Auto coupe.
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WOOOOOOOOOO FPV GT 03 /341 RWKW OF N/A POWER. XB GT 73 /OLD FORD MUSCLE ALL AUSSIE MUSCLE Last edited by HEMI POWER; 10-03-2008 at 11:02 PM. |
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11-03-2008, 12:42 AM | #25 | |||
JG70
Join Date: Feb 2006
Location: Melbourne
Posts: 143
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Quote:
Link with photos here http://www.shannons.com.au/auctions/...PD95ED0HUAE667 I was down the back during the auction and had the feeling that there were a lot of bids being plucked from nowhere for the phase III. Could be wrong but I was looking around trying to see where they were coming from. The auctioneer wasn't very clear when it was passed in as to who the highest bidder was and if anyone could make later offers. Like I said I was right at the back so I didn't have the best vantage point but I used to work for an auction house and I have witnessed a lot of tricks of the trade. Could be wrong though! |
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11-03-2008, 07:56 AM | #26 | ||
Bolt Nerd
Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 15,090
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Do Shannons charge a "buyer's premium" and add GST like other auction houses?... Buyer's premium is usually 12.5% + 10% GST which adds nearly a quarter again to knock-down price.
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Current vehicles.. Yamaha Rhino UTV, SWB 4L TJ Jeep, and boring Lhd RAV4 Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD 2 wheels.. 2015 103ci HD Wideglide.. SOLD SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida! (Ex Blood Orange #023 FPV Pursuit owner : ) |
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11-03-2008, 05:26 PM | #27 | |||
Lurker
Join Date: Feb 2008
Location: Geelong
Posts: 299
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Quote:
I'm not sure where Shannons got their idea that Electric Blue is a rare colour, there was 107 XY GT's and 11 HO's built in it. It was the 7th most popular colour. (Source = GT Historian) |
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11-03-2008, 06:36 PM | #28 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
Maybe I was thinking of True Blue, isn't that really rare? |
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11-03-2008, 06:38 PM | #29 | ||
White Car Driver
Join Date: Sep 2006
Location: Melbourne
Posts: 1,174
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Sorta off topic, but who knows what Jeff Kennett's Mercedes sold for, and the Silver Bentley?
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