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Thread: Auction results, the economy, and an incredibly beautiful car.

  1. #1

    Auction results, the economy, and an incredibly beautiful car.

    So Monterey was different this year. It was easy getting into Montrios on Saturday night, we booked a table for six from the track at 2pm, no problem! Last year every seat in the house was booked for a month in advance! The auctions were about 20-30% off their peak, which we now know was really reached in 08.08, and although the crowds were good, and the auto enthusiasts of the world still came in their thousands to enjoy one of the greatest motoring festivals in the world, you could feel it was more of a joyous escape from the stresses and strains of the recession than the full blown celebration it was last year.

    The great thing is that everywhere we took our cars they were admired, adored and loved. By simply being present, showing the Z8 again and again, I really believe we are building it's future worth. It is such a joy being in a car that everyone loves so much, and once we get out of this recession I know that the values of our cars will really take off.
    Andrew Macpherson

    Expert Z8 Inspections, with full support for both Z8 sale and purchases.

  2. #2
    Sport Button On - DSC Off jim's Avatar
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    Sep 2005
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    Yes, it was nice getting around much easier than previous years. But the big cars still got the big money. I watched the gorgeous 1958 SII white BMW 507 go for $850,000 (+ 10% buyers prem, gulp) Sunday nite at Goodings, no recession there eh? The fabulous winner of Pebble Concours was the silver/bronzit 36' Horch. It was an easy pick as it was in a class ALL by itself. The highlight for us, was Sat late afternoon when the CanAm Porsche 917's took to the track (Laguna Seca) w/ Hurley Haywood, Derek Bell, Bruce Canepa and Jerry Sienfeld (yes, that one). Talk about a BLAST FROM THE PAST! The funniest moment was when Gov. Arnold Schwarznager made presentation's at Pebble Lodge and was mimicked hysterically by Jay Leno...all in good taste and the crowd roared!
    Jim Sherman, Fl.
    0041- silver/red

  3. #3
    Final auction results are all tallied, and the confirmed news is that pre-sale estimates were generally not met, but sellers were realistic enough to realize this is as good as it gets for the time being.
    Average sales figures for the Bonhams, Gooding and RM sales were collectively down 23% from 2008, with the price per car sold down 41% on average. If a car had unquestionable provenance and condition, results were off 15-25% since last August. If the car had a dodgy story or the condition left something to be desired, sales were off 35-45% over the same period.
    Andrew Macpherson

    Expert Z8 Inspections, with full support for both Z8 sale and purchases.