Spyder for sale on Bring a Trailer

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Spyder for sale on Bring a Trailer

Postby Larry Jowdy » Wed Nov 07, 2018 6:16 am

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Re: Spyder for sale on Bring a Trailer

Postby egrant5329 » Sun Nov 11, 2018 5:23 am

That's a really nice car. 1 day to go and the bid is only $25K after 17 bids.
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Spyder for sale on Bring a Trailer

Postby egrant5329 » Mon Nov 12, 2018 4:18 pm

I’d say the seller did better than the purchaser! Interesting stats 1024 watchers and 57 bids.
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Re: Spyder for sale on Bring a Trailer

Postby Larry Jowdy » Mon Nov 12, 2018 4:34 pm

Obviously a case of an individual with WAY too much money, didn't do his homework and got caught up in a bidding frenzy.
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Re: Spyder for sale on Bring a Trailer

Postby ExpensiveNoise » Tue Nov 13, 2018 6:28 am

I watched the bidding in real time and was in awe. Hope there are a couple guys bidding like that when I get mine sorted and list it for sale. LOL!
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Re: Spyder for sale on Bring a Trailer

Postby egrant5329 » Tue Nov 13, 2018 6:38 am

The other BAT spyder Larry posted ( https://bringatrailer.com/listing/1955-porsche-550-spyder-replica-3/) should give you both ends of the spectrum. It's at $25,500 after 7 bids with 3 days to go and 634 watchers.
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Re: Spyder for sale on Bring a Trailer

Postby EEricson » Tue Nov 13, 2018 3:42 pm

Things happen fast on BaT. At 4:30 the high bid was $50,000. By 4:45 it was just under $70,000.
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Re: Spyder for sale on Bring a Trailer

Postby Spydey » Wed Nov 14, 2018 7:04 am

Selling for such a high price -does anyone think that adjusts the market at all, or is this just an outlier?
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Re: Spyder for sale on Bring a Trailer

Postby Larry Jowdy » Wed Nov 14, 2018 8:22 am

It doesn't adjust the market especially since it wouldn't cost that much to have a brand new car fabricated. Like I said above. someone who didn't do their homework, got caught up in a bidding frenzy and obviously had WAY too much money.

Think about Barrett Jackson auction. Dummies in the crowd are so wrapped up with the auction, being on television and pockets full of money, pay sometimes 50% more for a car than it's really worth. My friend who has worked outdoor vendor stands at B/J said that in many cases the buyer sends the car back to the auction the following year and tries to recoup some of their loss. In most cases it doesn't happen. Cars sell for considerably more when the auction is televised so the thought of being on TV seems to be an important thing to some buyers.
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Re: Spyder for sale on Bring a Trailer

Postby EEricson » Wed Nov 14, 2018 3:23 pm

Some of the chatter on that auction was from Daniel. He talked his car up quite effectively (though was a little too negative regarding the Beck offerings, imho). I think it helped the price.

The other thing: he said the wait for one is now 18 months. That's worth quite a bit to some buyers.

This particular car was nicely detailed. I believe the three-hole, aluminized rocker boxes added $10k all by themselves. [8D]

Wait'll they get a load of my car's full length, period-correct 5-hole inner rockers!
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