High Prices? Stupid Prices?

[Kahrnut]

 

[Gingerbeard Man]

Are you going this year? I'm considering it (never been). I'd seriously need to not bring any cash.

Went to a Mecum auction in Monterey in 2013 and then hopped over to the Pebble Beach Concours d'Elegance. Even if you don't bid/buy anything, if you are a car but I'd recommend at least one trip to one of these. Tons of fun just being a spectator.


Watched this one sell for $3,750,000

LOT S134
1955 Porsche 550/1500 RS Spyder
Chassis No. 550-0077

https://www.mecum.com/lots/CA0813-161600/1955-porsche-5501500-rs-spyder/

I could never imagine having this much F*** You money to buy a car but man was it intense! My heart was racing the whole time. Different experience when you're there.

 

[lostchild]

View attachment 2932458

what was the winning bid on this one?

 

[Kahrnut]

what was the winning bid on this one?

tree fiddy

 

[Comanche]

Nobody buying these days.
Can’t find a buyer for my custom cuda so I’m trading it for a nice tractor with a bucket and backhoe.

 

[moosensquirrel]

$3500 for 50 years at 6%. $69,775. No maintenance, no storage, no insurance.

deduct from that $69,775, about $28,000 in inflation (purchasing power) losses, and then state and federal income taxes (varies of course) and a different picture will emerge. One may have more scoots (USD fiat) but may not have gained in purchasing power from the original currency.

 

[shotgun 01]

I too have been wanting to go to one of these auctions. Kissimmee seems like the best option.

 

[GA 1911]

I too have been wanting to go to one of these auctions. Kissimmee seems like the best option.

I say no to auctions are a good deal.

The commission is 10% (or 13% online).

You also have to trailer it down to the site (FS) or trailer it back to GA and pay taxes (10% + 6.6% ad val tax).

The real winner is the Auction People.

ODT could attack this with a 0% commission for members deal with a pre-arranged delivery. We trade guns this way.