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I like sucker posts............
I do not think this car will bring 7 figures. Sold for much less to Frank a knowledgable (though be it shrewd) collector. I would speculate he doubles his money but the car doesn't clear $650,000. His 930 sold inexpensively. I also think $650,000 is a very big chunk of cash.
To Raj's question I think the 69S would be more valuable because it was his DD. Now, the next question would be how do you measure value.
IF it were to go the way of Seinfeld it would be very simple to contact him directly with a price offering. A very dear friend who passed way in 2006 had his Spyder go to Seinfeld through my friends estate. Just contact Sam Cabiglio one of his Porsche buddies and make the offering. I'm not going to speculate on the price, I just know it's not going to be me to buy it!
Insofar as oldtimers not on the board, well, there is fewer and fewer of them as each season turns. I "don't" wonder why....
I guess I can hope that it might get purchased by one of our more "well healed" enthusiasts that actually drives their cars... would be kinda cool to see it show up at a function like it has in the past.
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I think Steve McQueen, the king of Cool and the Hollywood mega star, will contribute more added value to a Jaguar D-type, a Ferrari Lusso or a 911 than to a pick up truck. Because it's a more obvious association of "brands", and even more so if you take into account the profile of the audience targeted at a pebble beach car auction!
Hmmm, not what I heard from the seller's end of the deal 2 years ago. I'll stick with my 7-figure reserve (or maybe just under) guesstimate. Shocking, I know. :DQuote:
Originally Posted by Macroni
I'd like to buy that old Ford truck...
Watched "The Great Escape" again with my son the other night...they don't make 'em like Steve McQueen any more...
So that would calculate out to : $60,000 for the 1970 Porsche & $ 950,000 for his name ( not autograph) in the owners manuel....as far as Seinfeld purchase goes, he has more "sense" than $$. I wouldn't think SC would advise of this purchase. The CO overpaid when it was purchased from the PO, it just doesn't add up.Quote:
Originally Posted by CurtEgerer
what's the word i'm trying to think of here : provenance, it's ten times the "cost" of an identical item. will the fact that mr.midas' touch of 'provenance' in this case, having owned it for 6 months or 3 years, make any real difference to artistic/collectibility pricing of an item at auction ? if someone will pay $1mn, they will.
no mention previously that "this lusso was owned for 4.7 years" or "this picasso was kept by mrs.picasso for 48 years " as affecting price. compared to "this lusso was owned for 2.1 years"
i read steve mcQ's first wife's biography last year, great cultural icon, cool stylista, but his dark side was pretty dark too.
r.
Always difficult to "price" provenance from the outset into the published auction estimate. It is always much better to let the bidders decide amongst themselves what it adds or doesn't to the value of the car.
When you impose too much value from the outset, you can literally freeze (discourage) the room and miss quite a lot of bids. Remember the James Bond Aston Martin DB5? It carried so much pre-auction hype and such an inflated estimate, that it fell flat on its face and sold to a single bidder. That was just a few months ago, I hope the RM experts learned their lesson and will be able to maintain an encouraging estimate (of course it also depends on the seller).
I personally think that this car is the most famous "911S" in the world.
If I could afford it, I would purchase it and give it to the Porsche Museum.
Another way to look at this car is to think about the premium JS paid for 917 #20, driven by McQueen in the movie. I would suspect he paid a huge premium for that 917 over another 917 regardless of its racing history. So, I would suspect LeMans movie provenance will be huge in the same way; not only associated with McQueen but starred in the movie.