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Thread: 2001 Z8 Sold at RM Detroit Auction

  1. #1

    2001 Z8 Sold at RM Detroit Auction

    2001 Z8 sold for $192,500 at the RM auction this past weekend. Nice to see a more "market correct" sale vs. the one a week or two ago.

    http://rmauctions.com/sj15/motor-cit...bmw-z8/1076206

  2. #2
    Z8 Ate My Homework! Norcal's Avatar
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    Nice car. Still a very fair price.

  3. #3
    Beyond the Valley of Z8 Madness Z-acht's Avatar
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    Got a message this week from another Z8 owner: he sold his car for 240K
    Ton
    1 of the 71 original Dutch sold cars (jetblack/red)

  4. #4
    in Coral Gables, Florida DirkZ8's Avatar
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    Quote Originally Posted by Z-acht View Post
    Got a message this week from another Z8 owner: he sold his car for 240K
    The RM Sotheby's car sold for $175,000 + 10% commission = $192,500
    Figure shipping and insurance to Europe $7,500. CIF is $200,000
    Netherlands import tax 10% on CIF or $20,000. Subtotal $220,000
    BTW (Value added tax) is 21% on CIF + import tax, or $46,200 (yes, the Dutch tax their own tax)

    Total is now $266,200 which at today's exchange rate of 1.11 comes to 242,000. No opportunity for arbitrage.

    ... and now you still have to find new tail lights.
    Dirk

    Alpina #142
    www.bmwccca.com

  5. #5
    Beyond the Valley of Z8 Madness Z-acht's Avatar
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    .......so it is a bargain
    Ton
    1 of the 71 original Dutch sold cars (jetblack/red)

  6. #6
    Follow up articles:
    http://www.autoevolution.com/news/bm...ery-98287.html

    http://www.bmwblog.com/2015/07/30/mo...ls-at-auction/

    My hunch is when these articles describe this as the highest price for a BMW Z8 that is limited to auctions
    My Best,

    Ed

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

  7. #7
    Sport Button On - DSC Off Z8DinanS2's Avatar
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    Quote Originally Posted by boomster View Post
    2001 Z8 sold for $192,500 at the RM auction this past weekend. Nice to see a more "market correct" sale vs. the one a week or two ago.

    http://rmauctions.com/sj15/motor-cit...bmw-z8/1076206
    In a way this is unfortunate....people will drive their cars less as their values rise. Cars were meant to be driven not meant to be stored away as investments.

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