I have a short list. ;)Quote:
Originally Posted by Biancaneve
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I have a short list. ;)Quote:
Originally Posted by Biancaneve
Clearly, not any more! :DQuote:
Originally Posted by Biancaneve
Not sure they all do it but I know the three major auction houses I have used bid the cars up to the reserve. I had a situation where I lowered reserve and my car sold. Only to have the auction house act like the winning bidder disappeared . What really happened is that their own bidder missed the reserve being lowered and the auction house was the winning bidder. Of course they did not pay for the car.
I think with all the action and commotion this happens from time to time.
yep, can believe that, and good to hear of first-hand experiences from auction sellers. If this did happen in this case, I can't understand why the auction house still showed it as 'Sold' in the post-auction online results. Other cars that didn't actually sell were being shown as 'for sale at £xxxxx' post-auction to confirm that they were still available if someone could make the reserve (and ensure the house still got commission I assume). Maybe they confused themselves, although at those fees I'm not sure that's the kind of service I'd want with my £200k car!Quote:
Originally Posted by VZ935
If an auction house is caught bidding up a vechicle it can spell trouble for them.
Depends what auction house believes it is worth the risk....
I have no history on the car being discussed but there have been cases where a car has been purchased and has been found to not be as represented and the auction houses have unwound the deal. An extreme example would be the Brumos RSR that sold at Monterey in 2007. After reviewing the restoration photos the buyer noticed somethings that made him question the car. The auction house took the car back. When I went to Daytona three months later for Rennsport to run one of my 935's I saw the same RSR there for sale .
Not saying this is the case with this particular car
I believe they disclose that they reserve (no pun intended) the right to bid to move the auction along. Most people who frequent the auctions know this and the term "real money" is often heard. Joe asks "Hey what happened with your 911S?" John responds , "It went to 200K but didn't sell" Joe asks, "was that real money?"
Quote:
Originally Posted by tcsracing1
1972 Porsche 2.4L 911S Targa
VIN: 9112310706
Engine: 6321924
Trans: 7327775
Color: Black/Black
Mileage: 104,000
Price: US$124,500
Attachment 402494
Attachment 402495
Attachment 402496
Attachment 402497
Attachment 402498
Seller's Description:
Selling my 1972 Porsche 911S Targa. This is a rare limited production model, only 975 made and less than 480 delivered to the U.S.
For 1972 the 911-S was the fastest production model Porsche built.
Factory Options Listed on COA
Air Conditioning (BEHR) .unit is not installed but I have the system.
Tinted Windows
Sport Seats
Round Fog Lights (missing)
Engine Compartment Light (missing)
Retractable Antenna (missing)
Rear Bumper with impact protection
Matching numbers listed on COA. Engine # 6321924
Car starts easily and runs very well. I spent over $8000.00 on the engine three years ago. The Bosch MFI pump was rebuilt professionally. New injectors, fuel pump, plugs and wires. Gas lines and gas tank cleaned. Rebuilt Bosch CDI and new Petronix electronic ignition. Many other parts were replaced and I have all of the receipts.
I drive the car often into town which is a twenty mile trip and it has never left me stranded.
Mechanically the car is in good shape. Oil lines to front of car are still there but cooler is missing. The car needs new windshield rubber, paint, carpet, seats need reupholstered, new door panels, dash panel has cracks. Engine needs to be dropped and oil leaks repaired. passenger side battery box needs to be replaced. Shocks and tires need to be replaced.
Engine is in very good running order and loves to be pushed when engine revs past 4000 rpms.
The body and engine have never been molested like so many early 911's were. Rust is minimal and the floor pans look original.
Can anyone explain this price?
Attachment 402800
117,600 Euro or $124,621. (Before Commissions)
Duemila Ruote - Lot 363 1971 #Porsche 911 S 2.2
Quote:
Originally Posted by Richardnew
Not bad for a FAKE 911S....what an auction!