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Crazy high car auction prices

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  • Roy928tt
    replied
    Seems to me it might be worth importing Monaros and auctioning them off.

    https://www.pistonheads.com/regulars...for-sale/44634

    Leave a comment:


  • leothedrummer
    replied
    Originally posted by Paddington View Post
    Didnt the same thing happen with Ferrari F40s? Owners got together and decided not to sell for under 1mil, nek minnut prices skyrocket.
    Obviously I'm just talking shit with nothing concrete, but it felt like that happened with E30 M3's a few years back. $35k-$50k car all day every day, then $120k+ overnight. Just felt weird.

    Leave a comment:


  • Paddington
    replied
    Originally posted by mizone View Post



    Was, maybe still is a real estate thing that happened in Perfs during the early to mid 2000's. Dealers would get together and set a base price for a suburb and see what bit, then use that as a pricing point driving up commissions for them, mortgage brokers and the banks. Its a great case example on how to set a base price on an item, even if supply meets demeand
    Same thing happens in melb. ‘Choi boys’ did it in SE melb.

    Didnt the same thing happen with Ferrari F40s? Owners got together and decided not to sell for under 1mil, nek minnut prices skyrocket.

    Leave a comment:


  • mizone
    replied
    Originally posted by itsnotagsr View Post
    Comes up a fair bit on the Smoking Tire podcast. Circle jerk dealers and auction houses pushing up prices through a high profile auction result.
    Originally posted by Paddington View Post
    Whiny greasy turd at Curated is an example of circle jerk dealers.
    Was, maybe still is a real estate thing that happened in Perfs during the early to mid 2000's. Dealers would get together and set a base price for a suburb and see what bit, then use that as a pricing point driving up commissions for them, mortgage brokers and the banks. Its a great case example on how to set a base price on an item, even if supply meets demeand

    Leave a comment:


  • Paddington
    replied
    Originally posted by itsnotagsr View Post
    Comes up a fair bit on the Smoking Tire podcast. Circle jerk dealers and auction houses pushing up prices through a high profile auction result.
    Whiny greasy turd at Curated is an example of circle jerk dealers.

    Leave a comment:


  • leothedrummer
    replied
    Originally posted by itsnotagsr View Post
    Comes up a fair bit on the Smoking Tire podcast. Circle jerk dealers and auction houses pushing up prices through a high profile auction result.
    Might try and check it out. I hadn't given much thought to car auction prices as I've been away from classic cars for a while, but the point the game price video made about auction houses standing to benefit from higher prices whilst at the same time promoting / claiming / pushing higher prices immediately made me think of car prices.

    Leave a comment:


  • shifted
    replied
    Originally posted by Mr Ree View Post

    shifted will be able to give some insight into this market
    I've never bothered with buying sealed games - always seemed hyperinflated from the pricing I've witnessed over the last decade.

    The pricing that started popping up with that $2m sale - thought it was BS straight away - there's a heap of sealed games out there, doesn't make any logical sense that anyone would pay such a value for that item. WATA hasn't been around anywhere near as long as VGA who has a proven track record either, so did seem fishy, no population list etc. Speaking with other collectors recently we're expecting the sealed game market to take a bit of a dive as a result of this coming out.

    I've seen some pretty crazy prices for some games in general, there's many that are worth thousands, some worth ten's of thousands. eBay itself has always been a place of shill bidding, but occassionally you get some good deals.

    I've ticked over 4,500 games currently, full N64 set - have a couple "new" N64 games but unsealed; Shadowgate64, Blues Brothers 2000 - might have to get facebook back just to access the trading groups again and see what's been happening over the last couple years. Shame we lost NintendoAge.

    VGA graded games were trading hands a fair bit (heaps on eBay) when I still had FB for the trading groups, so up to around 2018, usually in the $200-$5,000 range. Might have to look up and see if there's been any crazy eBay sales in recent times over in the UK (where most originated from, as a lot of Australian stock naturally came unsealed). I wouldn't trust a random auction house like Heritage as a price guide, given similar items pop up on ebay there'd be some price history there at least for reference.

    https://www.ebay.com.au/itm/11494637...kAAOSwZChhIDGS
    https://www.ebay.co.uk/itm/114945402...0AAOSw9GZhH6iq
    https://www.ebay.co.uk/sch/i.html?_f...&LH_Complete=1

    My guess is these items never sold, and are trying to be used to shill the pricing up:
    https://www.ebay.com.au/bfl/viewbids...p2047675.l2565
    https://www.ebay.com.au/bfl/viewbids...p2047675.l2565

    I struggle to see how this game is worth $6k
    https://www.ebay.com.au/itm/Super-Ma...p2047675.l2557

    Last edited by shifted; 26-08-21, 12:38 PM.

    Leave a comment:


  • itsnotagsr
    replied
    Originally posted by leothedrummer View Post
    Probably well unrelated... but maybe not?
    Came across this vid discussing spiking video game prices. Obviously we can look at covid lockdowns as being something that has some kind of sense to it in terms of price hikes for hobby cars and SUV's etc, but talking about car auctions generally.
    We don't have a grading system as discussed in this vid, but we definitely have the rest of it - specific auction houses coming along, promising outrageous prices, putting up ridiculous sales, going on the PR campaign with the results then repeating the cycle once again.

    It really makes me wonder about how much of the classic car market is pure market manipulation. I think there are punters out there with stupid money that don't give a fuck, but how far has it been pushed to get them there?

    .
    Comes up a fair bit on the Smoking Tire podcast. Circle jerk dealers and auction houses pushing up prices through a high profile auction result.

    Leave a comment:


  • Mr Ree
    replied
    Originally posted by leothedrummer View Post
    Probably well unrelated... but maybe not?
    Came across this vid discussing spiking video game prices. Obviously we can look at covid lockdowns as being something that has some kind of sense to it in terms of price hikes for hobby cars and SUV's etc, but talking about car auctions generally.
    We don't have a grading system as discussed in this vid, but we definitely have the rest of it - specific auction houses coming along, promising outrageous prices, putting up ridiculous sales, going on the PR campaign with the results then repeating the cycle once again.

    It really makes me wonder about how much of the classic car market is pure market manipulation. I think there are punters out there with stupid money that don't give a fuck, but how far has it been pushed to get them there?

    Edit: it does also make me think about the difference in motivation and outcome between a buyer that genuinely wants the item vs one that never wanted the item, only the money. No doubt there's a lot of that in cars at the moment. (End edit)



    (I did think of the videos that don't warrant a thread thread before ending here, soz if not the right topic but I feel it's relevant).
    shifted will be able to give some insight into this market

    Leave a comment:


  • leothedrummer
    replied
    Probably well unrelated... but maybe not?
    Came across this vid discussing spiking video game prices. Obviously we can look at covid lockdowns as being something that has some kind of sense to it in terms of price hikes for hobby cars and SUV's etc, but talking about car auctions generally.
    We don't have a grading system as discussed in this vid, but we definitely have the rest of it - specific auction houses coming along, promising outrageous prices, putting up ridiculous sales, going on the PR campaign with the results then repeating the cycle once again.

    It really makes me wonder about how much of the classic car market is pure market manipulation. I think there are punters out there with stupid money that don't give a fuck, but how far has it been pushed to get them there?

    Edit: it does also make me think about the difference in motivation and outcome between a buyer that genuinely wants the item vs one that never wanted the item, only the money. No doubt there's a lot of that in cars at the moment. (End edit)



    (I did think of the videos that don't warrant a thread thread before ending here, soz if not the right topic but I feel it's relevant).
    Last edited by leothedrummer; 26-08-21, 12:44 AM.

    Leave a comment:


  • mizone
    replied
    Originally posted by tipper View Post
    Rarity and performance makes for quite a package, this car comes with the following features :-

    2 Front Headrests
    2 Rear Headrests
    Geez, here I was thinking the BMW and Porsche option sheets are a bit steep from anything more than a windscreen...

    Leave a comment:


  • JabberWocky
    replied
    Originally posted by Gats View Post
    Fucking spastics would be better off buying 3 GR Yaris', driving 1 of them and keeping 2 in a bubble. They'll be worth more than one of these turds ever will be.
    I beg to differ with your last comment, although I do agree that this thing is not worth more than 3 Yarii. Beyond me.

    Leave a comment:


  • Gats
    replied
    Fucking spastics would be better off buying 3 GR Yaris', driving 1 of them and keeping 2 in a bubble. They'll be worth more than one of these turds ever will be.

    Leave a comment:


  • Pepe Silvia
    replied
    $150k bahaha

    Oh man.

    Leave a comment:


  • tipper
    replied
    https://richmonds.com.au/portfolio/2...mited-edition/

    Another one, crazy.

    Leave a comment:

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