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

I've just read in the August issue of 911&Porsche World Magazine that an RM expert revealed that the low estimate for the slate gray 911S featured in the movie Le Mans and owned by Steve McQueen will be offered at
RM auction this August with a low estimate of $ 950.000.

It seems extremely high to me, leaving very little room for a bidding war. Seems a shame to jack up the estimate so high and not giving a real chance for the market to express itself freely. The Bond DB5 car auctioned earlier this year also carried a high estimate, and sold to a single bidder.....

incredible !!! :o

I wonder... What % of the cars value is due to each of these facts:
a.) it was McQueens (what would it be worth if it weren't a movie car?)
b.) it was in "LeMans" (what if it were a movie car but wasn't McQueens?)
c.) It's probably a damn nice S (no movie and no movie star owner)

I know, I know- too much time on my hands today.

i dont know.. sounds over priced. then again, there is no way to put a value on this. it is worth what someone is willing to pay for it.

Keep in mind at the Barrett Jackson OC auction a 1963 VW Samba Bus sold for $217k (including the buyers premium)
http://www.autoweek.com/article/2011...NEWS/110629870

Wonder what the purchase price was a couple of years ago when it went to a fellow registry member located in the northeast?

Purchase price a few years ago was reportedly less than half the estimate. The low estimate is negotiated with the consignor and is related to the reserve, so presumably, Frank will not take less than about $900k. As he is not what one would call a 'motivated seller'. RM is presumably reaping great PR from the advertising and attracting bidders who might not otherwise participate in the auction - it is something of a 'halo' car for Porsche types. On the other hand, McQueen's sunglasses sold for $60k! (but others of his cars sold for close to non-celebrity value)

Good for Frank. I bet is doing better than his IRA :)

Haven't seen the final auction catalog but, I know for sure there is at least one 73RS being sold the same evening as Steves....wanna bet there will be more?

If the "McQueen Husky" - the one with Solar Productions on the title but no McQueen signature anywhere on any of the documentation - that sold at the Quail is any indication, the car is going to sell for a healthy, healthy sum.

Time will tell....

Prices? . . .



Peace . . .

This will be interesting to watch. My personal estimate was that the final hammer price would be between $1.1 and $1.25 million. A very healthy sum for sure, but then again what do I know? Good luck to both seller and bidders.

If anyone ends up at the auction of this car tomorrow, please provide a report back to us on this thread!

Curious how this particular auction will do given the hype factor and general economic malaise of late.

RM is webcasting the auction, so you should be able to see it "live" as it were.

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Originally Posted by Jonesy78

RM is webcasting the auction, so you should be able to see it "live" as it were.

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Did not know that. Thanks for the heads up!

At last! the estimate has been published:

Estimate:$950,000-$1,350,000 US

We'll see tonite....

It will be interesting if the financial 'black hole' forming in Europe and it's effects on our markets, will in turn dampen the bidding in Monty this week.

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Originally Posted by Milou

Estimate:$950,000-$1,350,000 US....

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Good lord. A cult of personality will meet the reality of rapidly diminishing bank accounts.

Or not. :rolleyes:

.....I am on the other side of the boat or river , or whatever............all I want to wish is : good luck to a car to land in a good hands with heavy foot, so it sees road the way it was ment to............

Needs north of $550K to break even roflmao

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Originally Posted by CurtEgerer

Anybody want to put a 2-figure bet on a 7-figure Reserve?

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Damn it, I missed it by $50K! :)

From the original thread in Feb - Steve McQueen 911 to be Sold

Given today's financial market, I would venture that hard assets are a solid play for the savvy investor. Key word being savvy.

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Originally Posted by Jonesy78

RM is webcasting the auction, so you should be able to see it "live" as it were.

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The auction is on now live. What's the lot number of McQueen's car?

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Originally Posted by blue72s

The auction is on now live. What's the lot number of McQueen's car?

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Should be No. 148

At this rate, the car will be on the block at midnight Eastern. Can't stay up. Let us know how it goes

I just missed the lot #121 that sold for $775,000. What car was that?

1954 Dodge Firearrow III concept. http://www.rmauctions.com/FeatureCar...arID=r255&fc=0

Lot #120, the Ford GR1 display roller on functioning GT platform (no engine, drivetrain or interior) sold for $70K.
Whoever finishes it is gonna have something unique for pretty reasonable money.

Will be interesting to see the '70S, so far I'm seeing a lot of cars being short of the low estimate, including that Ferrari Daytona at $275k.

streaming it now , it will be interesting to see

Good question on concept cars... museum or high-zoot collection?

And watching this feed I'm struck by how many cars Shelby is bidding on.

Wonder if he's in for himself or a client?

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Originally Posted by Bullethead

And watching this feed I'm struck by how many cars Shelby is bidding on.

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I'm pretty sure that's the name of one of the auctioneer's spotters, not the bidder.

Thanks for the "streaming" heads up.... looking at the catalog and watching the stream, a lot more civilized then BJ....

e

The CSL encouragingly sold for a bit more than last year's sale, $145,000.

the bat bmw was interesting , raj were you bidding ?

Carrera GT for $335 K. What time is this auction going to tonight? All the way to lot 181? That will go until 3:00 am!

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Originally Posted by lkadams

Carrera GT for $335 K. What time is this auction going to tonight? All the way to lot 181? That will go until 3:00 am!

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steal for a brand new never used GT

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Originally Posted by sithot

Surely you jest...:D

Tom

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I said "civilized", I didn't say fun!

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Originally Posted by advtracing

steal for a brand new never used GT

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Indeed .

Whoa......

1.25MM Well done Frank.

Given that so many cars aren't meeting their low estimate, I'm surprised! There was a real buzz for this car when it entered the room. $1.25M

Agreed... $1,250,000 while several others so far have been well short. The cult prevails.

3 bidders, 2 in the room and a telephone bidder overseas. It went to the telephone bidder apparently so its heading to Europe ( factory museum, Prototyp Museum ??).

With the buyer's premium that's $ 1.375.000. I never thought it would fetch such a price.....A historic moment for the 911, a huge record price for a classic 911.....

Clearly it was the Slate Gray color that did it...

It was interesting to watch in persone, maybe the 911S will get more attention with the auction crowd. A woman was one of the bidders.

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Originally Posted by Jonesy78

Whoa......

1.25MM Well done Frank.

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I just admire how Frank did it, from purchase to sale and everything in between.

Frank well done.

Richard

Compliment to the seller.
BUT i'm sorry, the price is CRAZY.

I'm a Mcqueen fan, as everybody, BUT there is a LIMIT to all.

In this bad bad bad days for western economy i do not appreciate this arabian excess.... bah....

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Originally Posted by andrea70

Compliment to the seller.
BUT i'm sorry, the price is CRAZY.

I'm a Mcqueen fan, as everybody, BUT there is a LIMIT to all.

In this bad bad bad days for western economy i do not appreciate this arabian excess.... bah....

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Andrea apparently there were 3 bidders, IMHO the price is the market price (of at least last night ;-) ).

Richard

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Originally Posted by andrea70

Compliment to the seller.
BUT i'm sorry, the price is CRAZY.

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Indeed, that money will buy you a 904, Spyder or 3 nice 356 Carrera's. Don't even have to think about that one. I can see how the car would make an attractive piece for a museum etc. (lure in more visitors = more cash) In my eyes it is just a 911s nothing more, nothing less. However that is just in my eyes.

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Originally Posted by 304678

Andrea apparently there were 3 bidders, IMHO the price is the market price (of at least last night ;-) ).

Richard

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If one is arab, one russian and one chinese that's not THE market.

Wow...... Twice my guess.....

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Originally Posted by andrea70

If one is arab, one russian and one chinese that's not THE market.

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Yes it is if that is who bid.

So those of us with a 69S can claim we have the year model car that McQueen kept stateside during the filming and passed down to his son... Wonder what that does to the value :)

All kidding aside, it will be interesting to see if this incredible sale price reflects in all early S cars getting more attention or if the McQueen cult following was just that: buying one of the most recognizable pieces of his memorabilia, regardless of the item.

My own take on the sale is that the car, as a very nice
'70 S, accounted for around $80k of the $1.25M.
The McQueen movie car mystique pulled in the rest.
I don't think the sale raises the value of others' cars
anymore than the sale of his house would would raise
our own home values.

Insanity but WELL SOLD!

What does this make his 69S worth, $2,500,000?

Ironic that the Le Mans car is featured in this month's ESR calendar picture.

Hmmm, wonder what I could sell the calendar for now?

WOW The bidders must have been drunk

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Originally Posted by Macroni

Yes it is if that is who bid.

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Exactly.

3 different bidders that is 2 more than on most car sales at 'market price' where there is only one buyer.

Richard

Just one man's opinion, but to me this is a prime example of everything that is wrong with the current global economy. The sale of this car has nothing to do with market prices. I think that the real value of this car was realized during the 30-odd years of ownership by the lawyer in L.A. who bought it from McQueen. The last bit of significant worth was experienced by the Porsche enthusiast who bought it from him. RM's catalog photos of the car with the right-side wiper arm attached backwards looked (to me) like pennies on its dead eyes. Last night was simply about money. It reflected a meeting of arbitrage and piracy.

-- David

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Originally Posted by Macroni

Yes it is if that is who bid.

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Sorry, but i don't agree.
THE market is Europe and USA.

I repeat, this is my own opinion, and i don't want to offend anybody.
But in this trouble days this price hurt my sense of etic..

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Originally Posted by andrea70

i don't want to offend anybody...

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no offense taken.... But a market is made up of consumers, who are targeted, and will purchase the goods at the seller's requested price. A car with less cache might be targeted for the roads of the US and Europe but this was not sold to that audience..... This car is destined for a coffee table......

Sorry Jerry! Should have tried to keep it in the USA. It's on a Euro tour till the 'flip ' takes place.

It's so funny that just about a year ago at LRP Vintage Festival, Frank had the car on the show lawn/track and there was barely a soul looking at the car. Most people did not know it was the actual McQ, Le Mans car. It was dusty and had a damaged poster on the windshield. Oh yeah, Franks folding chair next to it also.



.

I think we should be thrilled! An example from our loved classic 911 has broken for the first time the million dollar mark last night!

Whether purchased by a Russian oligarch underbid by Qatar, or by a European or an american, it doesn't really matter, it only takes two bidders at auction to break a record, and it's all part of the market.

Prices will certainly continue to move up or down depending on the car, the condition, its provenance, its originality, etc.... but I think passing the million dollar barrier is a symbolic step for classic 911s which will certainly gain in terms of reputation and collectibility.

I'm certain my 2.2S hasn't gained a penny more in value since last night, but it is now considered a rare collectible classic car and that was certainly was not the case 15 years ago....


http://img641.imageshack.us/img641/683/img0027ta.jpg

It will be interesting to see RM Lot 255 get auctioned (Siata 208S , ex-Calif. MTY 906 / McQueen) today/tonight.

There happens to be another example of the 35 produced at Goodings in Pebble Beach also , which was 1st in Class at the 2008 PB Concours d'Elegance. It is Lot 121 which will go on Sun.


I don't anticipate the RM example bringing multiple times the amount of the Gooding car however. But one never knows.

I think this is worth another view (or 2 or 3) :

www.youtube.com/watch?v=Ytn7C9UJ5mo

I agree 100% with Milou's comments above!

Chris Johnson

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Originally Posted by Milou

I think we should be thrilled! An example from our loved classic 911 has broken for the first time the million dollar mark last night!

Whether purchased by a Russian oligarch underbid by Qatar, or by a European or an american, it doesn't really matter, it only takes two bidders at auction to break a record, and it's all part of the market.

Prices will certainly continue to move up or down depending on the car, the condition, its provenance, its originality, etc.... but I think passing the million dollar barrier is a symbolic step for classic 911s which will certainly gain in terms of reputation and collectibility.

I'm certain my 2.2S hasn't gained a penny more in value since last night, but it is now considered a rare collectible classic car and that was certainly was not the case 15 years ago....


http://img641.imageshack.us/img641/683/img0027ta.jpg

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I am right there with you brother!

Although I do think your car and other great early 911's might now be worth a few more pennies.

Is everyone here actually happy about what Frank (with many others) is doing with our hobby? I am not. It is perfectly legitimate to make and manipulate a market, as the auction houses have, but I would never confuse it with pride of ownership or enthusiasm for cars and driving.

Andrea, it is a basic rule that you never argue with the market. It is what it is. You (and I) just don't like it. But, don't sweat it.

As for understanding the craze to buy an ex-McQueen car, I would suggest that you watch Day of the Locust. I would like to own that slate gray Turbo, however! : )

it's not directly relevant to me, my kinda car gets pushed out of parade parking. But: this car sold for more than motoring landmark cars such as the R. So, it's "provenance" of having been part of a movie link, is all. That is taken very seriously by a segment of our community, and especially by art afficionados. So be it. How does it harm us? But bottom line is this price was for ermine and sequins, not for the aroma of engine oil.

i dont think its necessary to criticise any collector who finds a future buyer willing to pay more. Happens everyday.

Speechless in Seattle,

I am speechless about all the Dudes not thinking this is good for "EVERYBODY"!! There are only a few really valuable 911's that were born. Chad McQueen once said to me "I am in the lucky sperm club and not complaining about it"! Frank did what we all wish we could have (maybe a few of you wouldn't have bought the car....yea right) if we had the dough!

When Leo painted ol' Mona, do you think he thought it was going to be what it ended up? Who will write the first letter from the S Forum Boy's and ask that the owners of Mona to re think its value....... because when Leo Painted Mona it cost him an IOU on lunch the Tuesday he Painted it (he traded the oil and canvas for a cheese pizza). Give it a break! Let the new owner enjoy one of the coolest 911's (not even a race car).

O yea, you guys that have Porsche's, remember not to sell your cars for any more than you paid.....because that would be like Frank trying to make a "Buck" on a great purchase!

Nice job Don Franco! Maybe some day we will be just like the Ferrari Dudes.

Kevin

Here is a link to pictures of the car during the RM auction:
http://i.autoblog.com/photos/montere...-porsche-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.

Oscar Wilde wrote in Lady Windermere's Fan, "What is a cynic? A man who knows the price of everything and the value of nothing."

Air-sucker Porsches (and most of the people who drive them) are rarely about conspicuous consumption. Outside of the Porsche Parade crowd, we have cultivated an "outlaw" image for as long as I can remember. We drink beer and eat pizza in parking lots. We show off our road-rash and bug collections. Ferraris generally need restorations because they have been left sitting; Porsches generally need restorations because they have been driven into the ground. We are t-shirt and jeans people (even Gumby1953).

Are we hypocrites? Paying $1.25M plus commission for a movie car that doesn't even have the original seat leather or steering wheel caressed by the King of Cool is in a completely different league than paying $20K for a 911 (or $85K for a hot rod or even $225K for an RS). That is funny money. Even Warren Buffett (a man who is far from being a socialist) wrote in Monday's New York Times, "My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice."

I don't mind somebody making money on turning a car around; good for the seller and good for the buyer. However, engaging in arbitrage and having the profit taxed as a capital gain is more about money than enthusiasm. Driving around Quail Lodge and Carmel this week, I noticed that certain people no longer return a friendly Porsche headlight-flash. That's sad.

This is a great discussion and I truly appreciate the diversity of opinions expressed. Every post contains worthwhile food for thought about our hobby.

-- David

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Originally Posted by Bullethead

Likewise, not sure it pushes Porsche guys anywhere closer to Ferrari world...

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Speak for yourself! I just ordered my silk shirt and gold chains. :p

This link says an American lady. Others have said it went overseas.

http://gadgets.autoblog.com/2011/08/...million-at-rm/

BTW, what happened to the amber 169's ?

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Originally Posted by Mr9146

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.

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Well said..... sadly this trend is now also sweeping Europe

Hey David,

I re....re....re....resemble that statement!

I just found my Hairy chest w/ gold chain "T" shirt!

Gumby 1953 (alias KJ)

c ya @ Rennsport

http://blogs.wsj.com/drivers-seat/20...on-at-auction/

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Originally Posted by varunan123

Formula for Discounting

The standard formula for discounting is as follows:

PV = [1/(1+ r)t ] At

....

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Speaking of 'math'... Anyone have insight into how auction houses come up with these estimates to begin with? Is it simply around what the seller would like to get out of the item? I mean how do you estimate a one off car like this?

950 to 1.2M, 650 to 850, whatever... How fuzzy is this analysis/what's involved...

I guess I'm wondering if folks would have such strong opinions had it sold for, say, 650k or pick your number. Does it help or hurt that the collective lot has an idea of what seller had invested in it.

Lots of interesting psychology wrapped up in this 'math' as well...

I honestly believe that this giant sum of money could have been better spent to benefit the needy. How about throwing a little cash into the "Jens needs a new Twin-Plugged 2.5L for his '68" Fund. RatBastards.

I am really glad that It sold well, congrads.
Well I must say I am a little bit glad for me as well. If you have a car that was owned by some one famous this might add a bit to your car.People will see more use in paying for a Xfamous car. Whether is 2% more or 500% dont care but it sure makes it worth while investing in a good restoration.

Darn.. too bad the Epic film wasn't made a couple of years later and the opening scene featured a Lilac RS. 250GTO money?

Speaking of the film, rented it recently. Big fan of the Star and of course the autos. Sand Pebbles, Great Escape, Love with an Improper Stranger, etc. Didn't make it 30 minutes . It was like a 500 pack of Tylenol PM. Snore.
Anyway Grats to all parties and to all 911 afficionados.

Great perspective Frank... "1.25 MM in five years" I'm definitely out of my league here.

Perspective...... What does Elvis's estate bring in on an annual basis? $44,000,000 and he was number four on the dead artist list....... This sale hardly represents an epic moment in auction history. It is interesting, yes.

A question to the American registry members:

I own and drive a really nice signal-yellow 1973 Carrera RS (#813) that once belonged to Nicolas Cage. Over here in Switzerland/Europe Cage is very well known but there's no real "Nicolas Cage star cult". I know Cage doesn't play in the same league as Steve McQueen but he's done (apart from a few recent ones...) some cool movies too. Do you think it would be wise to put it on sale in the USA, especially after this amazing auction result? I like this Carrera RS very much, it runs and drives just excellent but as most of us, I'm always looking for the next classic Porsche, the next challenge.

Thanks for your appreciated opinions,
Mike

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Originally Posted by mike66

A question to the American registry members:

I own and drive a really nice signal-yellow 1973 Carrera RS (#813) that once belonged to Nicolas Cage. Over here in Switzerland/Europe Cage is very well known but there's no real "Nicolas Cage star cult". I know Cage doesn't play in the same league as Steve McQueen but he's done (apart from a few recent ones...) some cool movies too. Do you think it would be wise to put it on sale in the USA, especially after this amazing auction result? I like this Carrera RS very much, it runs and drives just excellent but as most of us, I'm always looking for the next classic Porsche, the next challenge.

Thanks for your appreciated opinions,
Mike

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all depends what happens to him between now and when he dies..... :)

or JFK Jr's car, versus something that belonged to JFK...

http://jalopnik.com/5816643/new-jers...-jrs-used-saab

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Originally Posted by sonett43

all depends what happens to him between now and when he dies..... :)

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Yes Mike, wait to see what Nick Cage's son does next. When that spoiled goofball breaks free from his straightjacket he's liable to do something reeeeally craaaazy.

One of the great equalizers in life: Eager shoppers are just waiting for celebrities to pass so they can buy their stuff! lol

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Originally Posted by mike66

A question to the American registry members:

I own and drive a really nice signal-yellow 1973 Carrera RS (#813) that once belonged to Nicolas Cage.

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Nicolas who?

The car will have a minor amount of cache attributed being owned by Nic Cage. The car is worth $350,000 +/- 50,000 depending on condition........ would it turn it into a $500,000 doubtful.....

IIRC Nick Cage's Espada languished for months unsold... always wondered if he modified the car as research for Leaving Las Vegas.

<iframe width="560" height="345" src="http://www.youtube.com/embed/Y1B0Xp1Svwc" frameborder="0" allowfullscreen></iframe>

This is not the 1st Espada I have heard of fitted with a Bar. I was offered a white example from some Hollywood type. But I think the bar was in the back for the passengers. This could be it referanced here (or maybe it was yet another):

"The fact is, the Espada predated the exotic car VIP trend by over 40 years. A Bertone-prepared VIP Espada appeared at the 1973 Paris Auto Show replete with transmission tunnel-mounted television set for the rear passengers, state-of-the-art compact cassette recorder and, of course, a fully stocked bar with glasses available at right or left arm's reach. The Espada is dead. Long live the Espada!".

Funny......My 55 Speedster went to Cage for 115 grand five years ago....he trashed it.....it recently sold for 150K......i think it would have sold for that or more if he had never owned it!

Okay, looks like the "Cage Factor" alone doesn't help much... But wait, there's more! He's really kissed Lisa Marie Presley in exactely this RS and I have the pics to proof it! Common guys, this exciting fact must add tremendous value to my car, right? Sorry, have to leave, must inform all auction houses right now :D

Cheers,
Mike

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Originally Posted by sithot

The Factory owns the car.

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So when they pay the price of $1,25 mil, I guess it really is worth all the money :rolleyes:

Richard

Quote:

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Originally Posted by sithot

The Factory owns the car.

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That makes me happy.


By the bye , king of the cool factor did not seem to affect the 208S. The example at Gooding brought substantially more than S.M.'s ex. Of course when he owned this car , he had not yet hit his stride. Plus it was not in a movie.

Quote:

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Originally Posted by t6dpilot

...My personal estimate was that the final hammer price would be between $1.1 and $1.25 million. A very healthy sum for sure, but then again what do I know?

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I'd say your powers of prognostication are excellent. Do you advise on stocks?

Quote:

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Originally Posted by sithot

The Factory owns the car.

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I wonder if that means it will get freshened up by Porsche Classic, using modern (read not period correct) parts... :D

Miller at large last Friday night just before it went on the block......... and just after the hammer dropped.

Ya'know, it'd be nice if they keep the club decal on the car........:cool:

Quote:

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Originally Posted by 304678

So when they pay the price of $1,25 mil, I guess it really is worth all the money :rolleyes:

Richard

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I guess that it is. I have to admit, I'm amazed by this sale. I don't like the atmosphere at auctions, but the people at the factory know what they're doing.

Quote:

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Originally Posted by sithot

Now the factory doesn't own it. The story changes daily. :p

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I have heard the factory passing on much more significant cars in the recent past so was very surprised at the rumor.

Could it have been purchased by the "other" Porsche Museum? The Prototyp Museum in Hamburg; they have deeper pocket and since privately owned, they can react extremely quickly without the need for any board approval....

Just received an email from Dieter Landenberger, the Museum Archives' Director, confirming they did NOT purchase the car.

I heard a unidentified Wienerschnitzel tycoon bought the car for HIS museum..

All I can say is . . . .

. . . well flipped!

Rick

Hardly flipped.