Holden Monaro Test Car At Pickles?

[Kujotk]

Yeah I suppose. Still would hurt seeing your pride and joy being sold to some one for a quarter of the price you paid for it.

He shouldn't have been so excited to pay what a car isn't worth, did he buy it through a holden auction or did holden just give him a figure out of the hat and he just accepted it thinking the milk and honey would flow forever?

[Iron Chef]

Frk I love being right all the time, the car got $295K and didn't meet reserve. Guess I was right and the rest of SAU was wrong once again

Yes but nobody likes a smart-arse....

Again the car didn't meet its reserve, just because $295K was the highest bid doesn't mean that's what the car is worth!

Edited June 9, 2010 by Iron Chef

[Kujotk]

Yes but nobody likes a smart-arse....

Again the car didn't meet its reserve, just because $295K was the highest bid doesn't mean that's what the car is worth!

i don't need internet friends, curious to know what the reserve was.

And no the highest bid doesn't mean that is what the car is worth......... is what I would say if it didn't have so much publicity around it so that anyone in the car scene, especially the Holden/muscle/one offs car scene would know about it. There are no more buyers out there for this car, everyone who was interested in it and in a position to buy it knew that it was for sale that night. So yes that is what the car is worth today, a cars worth is measured by the people who are able to purchase it and pay what they think it is worth. Just because one knob payed way too much money for it a few years ago, doesn't mean that is what it is worth today.

If Australias most famous car auction can not sell it, no one can. Unless someone who is cashed up decides he wants it and doesn't care about price (again) then it will sell for more than what it's worth. Untill then the finance company will be lucky to get even $50k more out of Australian buyers. A fanatical american might have an interest with it, other than that it's client base is just too small.

[Kujotk]

and just because a reserve is placed, doesn't mean that is what a car is worth anyway.... the main reason cars or anything don't sell at auction (aslong as there arn't too many of the same things or are unique) is the reserve is too high for what it is. It's not like we don't have enough cashed up holden fanatics here in Australia. The highest bidder on Monday night is on a $76million USD basketball contract, you don't think he could have bought it for $1million AUD if he wanted to? Ofcorse he could have bought it, but he isn't a sucker who throws money at things.

GFC hasn't affected the guys who buy supercars or expensive rare cars, GFC has hurt the smaller guys trying to buy normal practical cars, there are more exotics being sold in 2010 in Australia so far than any other year in history (if you believe the 6pm news) and I don't doubt those claims either as the Ferrari/Maserati of Sydney confirmed it on TV.

The only thing that has killed the muscle car industry is they shot up in price way too quickly and people have realised they are not worth that price here, it was an artificial price, we were influenced by americas muscle industry and that has died aswell. 15 years ago XY falcon gt's were selling for peanuts, not much more than scrap metal, 12 years later they are worth in excess of $700k, and now 3 years after that they are down to $300k.... go figure, there was a hype around muscles and now it's leveled off, just like any other revival. The prices will steadily increase from now on but it has stabalised and prices will not change much from individual year to year, instead you will see the growth over 3 and 5 year periods like all other forms of rare collectables.

[PM-R33]

Where did you get $295,000? Says here $305,000. Not that it makes much of a difference.

http://www.dailytelegraph.com.au/news/nsw-...i-1225877218737

Seems the 427 wasn't the only car that didn't get much money attention:

http://www.carsguide.com.au/site/news-and-...tho_value_drops

Edited June 9, 2010 by PM-R33

[Kujotk]

Where did you get $295,000? Says here $305,000. Not that it makes much of a difference.

http://www.dailytelegraph.com.au/news/nsw-...i-1225877218737

guy who went, and he is still convinced it got $295k, i asked him that and he is sure it was $295, you could imagine the stir it would have caused that night aswell so either he is wrong (and he is into his cars) or the media who has no idea of cars made a boo boo. he wrote them all down...

1. 07 Malloo R8 ute - 47k referred

2. FPV BF Mk II Cobra - 54k

3. FPV BF Mk II Cobra Ute - 46.5k Ref

4. LX Torana with fire damage - 38.5k

5. Falcon XE GL Turbo - 16k

6. HX Monaro - 29k

7. HSV GTS VS R build number 001 - 86k Ref

8. VL SS Group A build number 003 - 79.5k Ref

9. 56 Chev Belair hardtop - 77k

10. 1990 Chev ZR-1 - 55k

11. XC Cobra with 326,312 km on the clock - 70k Ref

12. 68 HK Monaro - 69k Ref

13. 73 HQ Monaro - 71k

14. 69 HT Monaro - 72k

15. 75 LJ Monaro - 47k

16. VZ HSV Monaro supercharged - 76k

17. VZ GTO that one - 295k Ref

18. VZ GTO LE - 66k

19. HSV Clubsport E R8 20th Aniversary - 53.5k Ref

20. VZ CV8 Z - 55k

21. HSV V2 Series 3 - 57.5k

22. HSV V2 GTS Coupe - 47k

23. HSV V2 GTS Coupe - 53k

24. LX Torana hatch rough as - 14.25k

[Kujotk]

Seems the 427 wasn't the only car that didn't get much money attention:

http://www.carsguide.com.au/site/news-and-...tho_value_drops

See I wasn't talking out of my ass Iron Cheff, PM R33 just found whatI have seen happen in the industry with my own eyes.... guess i'm right again

Falcon GTHO Phase III

Price new 1971: $5300

Value 2007: $683,500

Value 2008: close to $1 million

Value 2010: $331,000

This is a classic spike and leveling out that happens in all rare collectables, this is why i know the imported 22b's are a long way from bringing back a decent return anytime in the near future, the return will come, but the risk is that inflation will grow faster than the cars price will. Sure there are a million other factors involved but generally all collectables and even property behave like this. It's nothing new, it's just common sense.

[Iron Chef]

The difference in price may be because the buyer's commission was included.

And Kujotk, I think you're mistaking me for someone who gives a shit.

[Kujotk]

yup it's auctions commision of 3.3%.

and have a cry