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Thread: Russo and Steele Scottsdale 2014

  1. #1

    Russo and Steele Scottsdale 2014

    I just received the July edition of Hemmings Sports and Exotic Cars magazine. Reported in the auction results was the sale of a red/sport red (the best color combination, but I am biased) 12k mile Z8 at the Russo and Steele January Scottsdale auction. Selling price was reported as $130k (not indicated whether the price includes buyer premium) vs. the "average" selling price of $140k. The accompanying write-up states " the Z8 is poised to become the blue-chip investment of modern BMWs".

    Bill

  2. #2
    Sport Button On - DSC Off
    Join Date
    Nov 2013
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    126
    I have been monitoring eBay and the asking prices have definitely risen - not sure if they are selling at that price, but for eg - z8 in Cars & Trucks | eBay

  3. #3
    Z8Mania
    Guest
    My guess is if they don't say it, thats the price at hammer and doesn't include the usual 10% buyers premium so that buyer really paid 143k. Not too bad..... Back in 2006 that same car probably would have traded hands around 80k.

  4. #4
    Sport Button On - DSC Off Kevin's Avatar
    Join Date
    Dec 2011
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    186
    What I don't understand is why the Z8 hasn't risen in price like other collectables. Yes I know it has risen in price but not THAT much. Cars like the Ford GT, Carrera GT, Porsche 993s have percentage wise increased much more than a Z8.
    2003 Z8 Silver/Black AH62031 (Sold)

  5. #5
    If you want to take a deeper dive on the Z8 sold, here's the post from R&S.

    Russo and Steele - Collector Automobile Auctions
    My Best,

    Ed

    2002 Z8 Jet Black//Sport Red
    2012 SLS AMG Obsidian Black/Classic Red

  6. #6
    It certainly looks to be in beautiful condition, judging from the photos. Probably a very fair price for such a nice car.

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