Auction for my 72 240z

[SteveJ]

4 hours ago, wheee! said:

It's all good, I brought them home with me....

That's one hell of a carry-on they allowed you for the trip home.

[wheee!]

That's one hell of a carry-on they allowed you for the trip home.

You’d be surprised what fits on a Globemaster....

[718Miata]

Auction is tomorrow!

 

[718Miata]

It sold. 15k plus commission. 

[Patcon]

I hope that made you whole

C

[Captain Obvious]

Question for the collective... So what was the deal with this car? He bought it at Mecum for 12.5K (plus buyers premium) in April and everyone went nuts for the car saying "He stole it at that price" and he could instantly flip it and make $$thousands$$:
https://www.classiczcars.com/forums/topic/62036-my-mecum-purchase-1972-240z/

He put about $4K into it:
https://www.classiczcars.com/forums/topic/62036-my-mecum-purchase-1972-240z/?do=findComment&comment=577203

And then started trying to sell it in July. Didn't sell for 25.5K:
https://www.classiczcars.com/forums/topic/62553-saturday-houston-auction-of-my-1972-240z/

Didn't sell for 23.9K and didn't sell for 19.9K:
https://www.classiczcars.com/forums/topic/62704-for-sale-1972-datsun-240z-23900-or-best-offer/

And then in the end, it finally sold for 15K plus commission:
https://www.classiczcars.com/forums/topic/63201-auction-for-my-72-240z/?do=findComment&comment=588925

So I've passed on a couple 240's because I wasn't sure I could get my money back and ended up kicking myself a little later because they sold later for a good profit. But then this example comes along and that does not happen.

Anyone have any insights as to why? Is it just a fickle market?

[dmorales-bello]

1 hour ago, Captain Obvious said:

Question for the collective... So what was the deal with this car? He bought it at Mecum for 12.5K (plus buyers premium) in April and everyone went nuts for the car saying "He stole it at that price" and he could instantly flip it and make $$thousands$$:
https://www.classiczcars.com/forums/topic/62036-my-mecum-purchase-1972-240z/

He put about $4K into it:
https://www.classiczcars.com/forums/topic/62036-my-mecum-purchase-1972-240z/?do=findComment&comment=577203

And then started trying to sell it in July. Didn't sell for 25.5K:
https://www.classiczcars.com/forums/topic/62553-saturday-houston-auction-of-my-1972-240z/

Didn't sell for 23.9K and didn't sell for 19.9K:
https://www.classiczcars.com/forums/topic/62704-for-sale-1972-datsun-240z-23900-or-best-offer/

And then in the end, it finally sold for 15K plus commission:
https://www.classiczcars.com/forums/topic/63201-auction-for-my-72-240z/?do=findComment&comment=588925

So I've passed on a couple 240's because I wasn't sure I could get my money back and ended up kicking myself a little later because they sold later for a good profit. But then this example comes along and that does not happen.

Anyone have any insights as to why? Is it just a fickle market?

As they say: "Enquiring Minds Want to Know..."

[718Miata]

My guess is that the market has cooled down after some 240 Guild cars reached crazy prices on BaT. Also, my car was not entirely original. It also wasn’t perfect, as I learned. 
 

SZR ultimately refunded $2000 due to my unhappiness with their work. So my total pre-tax baseline in the car was $15667.83. The buyer paid over $18,000 when one includes commission. So the car was still well-bought at Mecum after everything. 
 

That being said, I learned a lot about my limitations from the experience. And I’m still happy I got to experience the car for 8 months. 

[psdenno]

19 minutes ago, 718Miata said:

 

That being said, I learned a lot about my limitations from the experience. And I’m still happy I got to experience the car for 8 months. 

So, all good!  What's the next adventure?

Dennis

 

 

[Patcon]

I agree to. I think the market has cooled off some. Might pick up in the spring because of the 50 anniversary. Christmas can be a weak time of year to sell a car like this. Other priorities...

[Zed Head]

It only got 4 bids.  Fall and winter aren't the best times to sell a sports car, either.

[718Miata]

2 hours ago, psdenno said:

So, all good!  What's the next adventure?

Dennis

 

 

I got a new TTRS about a month ago, so enjoying that. If I buy another toy, its going to be a Miata (again).