54 replies to this topic

[caterham2]

Went to a Clearing sale auction today at Merrigum in Victorias North East. A couple of months ago some one on here was asking about a LC GTR that was on the list. Sold for $29500.00. My opinion of the car was as driven into shed about 20 years ago, IE "barn find" of a car in need of probably $35000.00 to be spent to bring up to scratch. Would be a nice jigger when done BUT, way too much to pay for one. Therefore the price of our LC/ LJ XU1s at $65000.00 or so as the pundits on here say from time to time is OBVIOUSLY too low. Discuss!!

[caterham2]

Hehe yep, know from experience

Mind if i was there that dak dak and a couple of the motorbikes that were also in the auction would have got a fair nudge, i got excited just lookin at the picks of them yet alone being there at the time, i'd probably be re mortgaging my house atm to pay my bill if i had attended hahaha

Did the OP see what they went for?? Wasnt overly interested int he BMW motorbike, but the rest i would have given a fair nudge if i was there....

Hehe yep, know from experience

Mind if i was there that dak dak and a couple of the motorbikes that were also in the auction would have got a fair nudge, i got excited just lookin at the picks of them yet alone being there at the time, i'd probably be re mortgaging my house atm to pay my bill if i had attended hahaha

Did the OP see what they went for?? Wasnt overly interested int he BMW motorbike, but the rest i would have given a fair nudge if i was there....

Bomber, you would have had to mortgage your house I reckon, Indian brought $10500.00, consisted of a very small pile of parts, no way could have all been there, Dak Dak, did not take a lot of notice but I think $5000.00, I went to have a crack at the Model A ( don't yell at me FORD) plenty of them around between $17000.00 to $20,000.00, at present this one $26750.00 and a recent resto but not of overly high standard, so kept my hands in my pockets.

[caterham2]

wow 29500 good money for an lc gtr im sure u have to ad the 15% buyers premium on top of 29500
usually the case in clearance sales,
the toranas hopefully are on the increase again,
regards aldo

Aldo, thankfully no buyers premium or GST at this auction, but no way an informed buyer would pay this sort of money, however there were over 1000 catalogues handed out at the auction so plenty of punters to work with, and he was a very good auctioneer

[darway43]

I too went to the auction, drove from Adelaide just got back home. I expected it to sell out of my price range but thought it was worth the trip up. I'm still happy i went, was kind of like the type of place you see on "American Pickers".

I thought it would have sold between 16-22k max, it was a nice car and would have been a great project. But 30k is a lot of money considering what you can get for just a little bit more.

I knew I was in trouble when I saw Todd Kelly having a gander at the car. Not sure if he actually bid, couldn't see as there were so many people in the shed.

Anyway congrats to the winner it was an entertaining 1 minute of bidding.

Cheers

[Ice]

no inner guard number, so its not full matching numbers,, i wonder if the buyer realized this??? anyways someone has over paid big time, the grill and headlight surrounds are not right for a un-restored car.
when i first seen this car i was thinking 12-16k tops knowing that it was only a two tag matching car.

cheers gong

If anybody knows the prices of these cars its you john they paid way to much imho
one born everyday
cheers gene

[caterham2]

no inner guard number, so its not full matching numbers,, i wonder if the buyer realized this??? anyways someone has over paid big time, the grill and headlight surrounds are not right for a un-restored car.
when i first seen this car i was thinking 12-16k tops knowing that it was only a two tag matching car.

cheers gong

Gong, my thoughts exactly on price, then again I am a cynical old bastard looking through a jaundiced eye at the world, so imj411 above has looked at it differently than me, thats fine, but the car is 40 years old, EVERYTHING is / was / could be the same age, needs more than T Cut to tart it up cosmetically, therefore I stand by my estimate of restore costs

[orangeLJ]

whats the old saying....

"its only worth what someone will pay"


we can sit around discussing what its worth in comparisson to other sales, but at the end of the day, there were obviously numerous people that thought it was worth 20k+ (bidding against each other)

I've got an LC GTR in the shed, accident damage and a police chassis number (matches the rego papers etc etc though)

Makes me wonder what it could/would be worth to the right person

[S pack]

Sounds like the bidders contracted Auction Fever.

Went to my first Auction many years ago, was interested in some business equipment but anyway there were 7 identical stainless steel single bowl laundry tubs (some had minor marks in the cabinets) that normally retailed at $208.00 each (no GST then).
I don't really understand how they worked it but the seven tubs were auctioned at the the same time and the maximum price reached was the purchase price for each tub.
Stupid women bidding against each other pushed the price beyond $220.00 for each tub. Yipee, what a bargain!!!

[yel327]

well if thats the case it makes the NZ car missing its ADR tag i sold for 35k a bargain for the buyer.

John, if it was a true NZ car then it wasn't "missing" any tags if the ADR tag was missing, as cars built for NZ sale had no ADR tag. hence it really was a bargain! Only cars sold new in NZ with an ADR tag were those built for the Aussie market and dealer swapped or wholesaled to a NZ dealer.

Sorta makes this one a bargain too depending upon what the reserve was:

http://www.ebay.com....&orig_cvip=true

Edited by yel327, 22 October 2012 - 11:51 AM.