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Thread: Somebody got a good deal

  1. #1
    in Coral Gables, Florida DirkZ8's Avatar
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    Somebody got a good deal

    Sold today online auction 2001 Z8 with 1,940 miles for $210,000, it even came with the Book.
       
    Dirk

    Alpina #142
    www.bmwccca.com

  2. #2
    I get the sense that there seems to be a bit of softness all of a sudden in collectible cars prices/values.
    C.A. Cardenas (AKA Dan)
    2003 (last one?) Z8 - Hellrot / Sport Rot
    Original Owner - Munich Tourist Delivery
    -- Others --
    1988 M6 - 32K mi. - Original Owner
    1989 DINAN 750iL - 73K mi. - Original Owner
    1998 M3 - 63K mi. - Original Owner
    2015 X5 (F15) Diesel - Daily Driver

  3. #3
    Wowza, that's a steal, I'd have valued a car like that at close to 300k, if not higher.
    Andrew Macpherson

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

  4. #4
    Beyond the Valley of Z8 Madness Z-acht's Avatar
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    I guess there are to much cars on the market.
    Ton
    1 of the 71 original Dutch sold cars (jetblack/red)

  5. #5
    Sport Button On
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    There is no mention if the $210k included any buyers fee. Also the installed front licence tag hurts the value $5k and no mention of the coffee table book. Still a good buy.

  6. #6
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    This one seems extremely reasonable. It's fairly local to me in LaJolla. I might have to go give it a peek just to see what the story is.

    http://www.ebay.com/itm/222071058041

  7. #7
    That does look good, but Jim is nobody's fool, so he must have it priced that way for a very good reason.
    Andrew Macpherson

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

  8. #8
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    Very true Andrew.

  9. #9
    I just spoke to him, and his feeling is that the entire used exotic market is off 10-15% this year. He says the market is still strong for the very low mile Z8's, but is softening for more normal mileage ones, which echoes what I have been hearing across the board. That one in your link is a very clean 1 owner car, but it has 34k miles and no hardtop.
    Andrew Macpherson

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

  10. #10
    Sport Button On - DSC Off Z8DinanS2's Avatar
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    Which is why owners should not race to sell their cars when they see an uptick in the market. Price is directly related to supply and demand. Too many people trying to cash in at once drives the market down.

  11. #11
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    Quote Originally Posted by BigGar View Post
    This one seems extremely reasonable. It's fairly local to me in LaJolla. I might have to go give it a peek just to see what the story is.

    http://www.ebay.com/itm/222071058041
    I spoke to Andrew briefly about that one as I'm on the edge of the market too. That car has run on ebay 9 times in a row, saved all of them. Agree that Jim is quite attuned to the market, yet perhaps the market is speaking about this one.

  12. #12
    Interesting commentary on the Z8 market (taken from Sports Car Digest, reviewing the Palm Beach B-J auction in early April)

    Lot # 432 2001 BMW Z8 Convertible; S/N WBAEJ13491AH61046; Silver/Black leather; Black cloth top; Unrestored original, 2 condition; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000. With Reserve. Alloy wheels, Michelin tires, power windows, air conditioning, factory stereo. Small scrape and a couple of chips on the bottom front lip. Otherwise, it looks like a new car. $140,000 when new, some have recently changed hands at over $200K but as with Porsche Carrera GTs the strong prices have encouraged opportunists to bring Z8s to market with softer transaction values as the consequence. This is an appropriate price for one in such good condition with a represented 20,000 miles from new.

    Bill

  13. #13
    That's a very fair deal for all I would say. The volume of enquirers about the cars has certainly been less this year than in previous convertible seasons, but good cars are still selling at respectable prices.
    Andrew Macpherson

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

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