$ 950.000 low estimate for Steve McQueen's 911S?

to keep it in perspective (or maybe not) marilyn monroes subway dress sold for $5.6 milion.
and you can't drive it anywhere.
crazy times, good for frank.

Hey Bob,
Give me that Dress and I will get it drivable! Nicely written Raj-Miester.

Gumby1953

Frank bought this car (3-4 years ago?) at a private sale, not an auction. The seller severely undervalued the car and Frank got a great deal. Many 911 aficionados said it was insane money at the time and I'll bet the seller laughed all the way to the bank. But everybody except Frank missed one important point: it's not a 911. It's a $5 million Marilyn Monroe dress. It's a $60,000 pair of Persol sunglasses. What Frank paid for the car didn't represent market value at the time, it was simply an asking price.

If this car had been auctioned 3-4 years ago, it certainly would have brought all of $1.25 million - probably more since that was the height of the market and McQueen-mania was as strong as it is today. Yesterday's $1.25 million sale may actually represent a dip in its value!

I hate to regurgitate what most have already stated but how do you armchair socialists out there reconcile even owning a Porsche? Those who have the slightest problem with this sale are hypocrites (don't get excited- we ALL ARE on some level). I'd be willing to wager that 99%+ of the people on this board live in capitalistic cultures and because of that we all reap the benefits that capitalism and a free market provides.

Couldn't a person in a third world country who doesn't know where their next meal is going to come from accuse every one of us of being wastful and trivial? Of course. "You paid $20,000 for a car? And it barely carries 4 people and gets 19 miles per gallon?? That could have bought 2 school buses or fed 100 people in my village for an entire year!"

The reason you can spend $30 on a good steak without being condemed is the same reason that someone can buy a car for millions of dollars.

Here's another thought: Maybe people didn't like the fact that Frank made more on this car than they made in the last 5 years working their tails off?

This is the wrong venue for the "that's too much money" argument. Try the revleft.com site; they'll give you a sympathetic ear.
Just my opinion which thankfully I can freely express in this great country.

God Bless America..............ok, Germany too!

KJ

Skimming the thread, I read that the car went to Europe, then I read it wasn't a 'Western' buy. Just curious if anyone knows where it is going definitively--Europe, US, Asia, or specific buyer.

Since I didn't watch over the web, didn't know if the auctioneer gave some clues when the hammer went down

First: Congratulations to the seller. Buy low, sell high.

Second: I do not understand how this sale took place. I mean, in my brain, there are far more "exciting" and desirable (to me as well as to the masses) cars that, had I even a small percentage of the money playing in this transaction, I would rather have. 935 vs. 911? No question in my mind...

Third: The results of this auction clearly illustrate the pedestal upon which we place "famous" people in American culture. I see this result as a direct commentary on societal values and, seeing as how the bidder was from overseas, the impact that American pop culture had and still has on the rest of the world. It is less about the car and more about The Man. In a country with no monarchy or "royalty" we place our movie, television and radio personalities on pedestals in their place and the artifacts of their reign command fortunes. The results of this sale are not indicative of the market, they are indicative of societal values.

Third: The results of this auction clearly illustrate the pedestal upon which we place "famous" people in American culture. I see this result as a direct commentary on societal values and, seeing as how the bidder was from overseas, the impact that American pop culture had and still has on the rest of the world. It is less about the car and more about The Man. In a country with no monarchy or "royalty" we place our movie, television and radio personalities on pedestals in their place and the artifacts of their reign command fortunes. The results of this sale are not indicative of the market, they are indicative of societal values.[/QUOTE]


I will unilaterally disagree with this. Just a year and a half ago here in Hollywood, a city council member from Los Angeles dedicated the corner of Santa Monica Blvd & Highland to Mr McQueen. Not "one" , S reg member, Rgruppe member, or for that matter Pelican member was in attendance. OK, I was there ( I dont count).

If the posters' statement had validity, most of the SoCal Rgruppe members would have shown-up....after all , Mr McQueen is an honorary member and Chad is also an honorary member. There were lots of Bullitt Mustangs there, some 356's , and few 912's.

Point being, this sale is breath of fresh air to the winners, but the car is nothing more than sensationalised "hype". Actually, very well done to boot. I was impressed how the ex-owner and his team were able to pull this off.

Usually there are winners and losers: this sale represents a win for the seller and a win for the collective buyers.

I love that Raj... transactional analysis reduced to algebraic formula! Despite my own ambivalence towards hero worship, I'm equally unsure why anyone would be anything but astonished by the sale as a good thing. Likewise, not sure it pushes Porsche guys anywhere closer to Ferrari world... those fellahs can be kinda stuffy. :p

So, kudos to both seller and buyer! Competition and capitalism wins!

So Raj, using your formula, what should I pay for a limo seat cushion that Princess Diana farted on?
Confirmed by DNA evidence, definitely not a fake.