Z's on BAT and other places collection

[Gav240z]

12 hours ago, Zed Head said:

If you guys want to show a sampling of Z432 prices over the years that would be more substantive than a Hagerty appraisal.  Estimates from afficianados don't really have much weight behind them.  It's like bench-racing. 

With all due respect, what does Hagerty know about the JDM cars? Until recently they didn't even know the Z432 existed. They also seem to be oblivious to the RHD market in general and the value variance(s).

A few Z432's for sale in Japan.

PS30-SB (432-R) $713,705 USD price tag.

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700060083430181010001/

Price not listed on this Z432 w/ replica Works Style Kobe Seiko Rally Mags.. wish I could get these Advan Tyres in Australia!

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700060083430240112001/

Early Safari Gold car. - No price listed also.

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700020288230220616004/

However another Safari Gold Z432 is going to auction. (PS30-00232)

https://bhauction.com/auction/tokyo-shin-kiba/lots/1971-nissan-fairlady-z432

ESTIMATE:

¥27,000,000 -
¥35,000,000

That's 182 - 236k in Freedom Dollars.

In my experience auction houses usually slightly underquote to draw the punters in, but this car is missing the Kobe Seiko mag wheels and has the wrong seats for it's year/trim.

The Kobe Seiko wheels are worth anywhere from 8-12k I'd say (if you can find them). Add on buyers fees etc.. and it's basically what the BAT car sold for.

But if you think otherwise, maybe you can advise the Japanese Auction house they are way off the mark? 🙂

[xs10shl]

18 hours ago, Zed Head said:

Maybe the buyer expected some competition.  Or maybe he believed what the internet says is the "correct value" of the car.  Whatever is going on, he probably could have saved 10's of thousands of dollars by bidding in a rational way.

I thought along these same lines as you when the bid came, and that it was a bit too strong.  Certainly possible the reserve was a bit lower, and he might have saved a few bucks if there were truly no other bidders lurking at lower levels.

[DC871F]

9 hours ago, xs10shl said:

 IMHO, the business objective of an auction house is to get the highest price achievable for an artifact, not necessarily a "market" price. Certain marques and models sold at auction fare worse than private market pricing, others do much better.  Everything about an auction is skewed in the seller's favor, not to mention the house itself.

In this case, the only thing we know is that the car met reserve, so two people agreed that the car would change hands at a price.  That said, we can all agree that the seller would have preferred a third interested party at the 250k+ level to help drive the price higher, but that bidder did not surface this week.

Hopefully he parks it in a parking space way out when he takes it to the grocery store to prevent door dings.

[Zed Head]

Somebody might have mentioned this above or in the auction comments, but it seems likely that the bidder knew what the reserve price was and decided that he wanted the car at that price.  Or higher.  So, kind of like eBay's "Buy it now" price.  The reserve price was too high for everyone interested except one.

One of the commenters mentioned a Ferrari auction.  It seemed more normal.

https://bringatrailer.com/listing/1998-ferrari-550-maranello-9-2/#comments-anchor

[zspert]

You park it way out but when you return there's almost always another car, usually a beater, parked next to you!!!

[siteunseen]

My grocery store puts sails on their buggies. I can park across the street and come out to find an empty one against my car.

 

[siteunseen]

9 hours ago, Gav240z said:

With all due respect, what does Hagerty know about the JDM cars? Until recently they didn't even know the Z432 existed. They also seem to be oblivious to the RHD market in general and the value variance(s).

A few Z432's for sale in Japan.

PS30-SB (432-R) $713,705 USD price tag.

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700060083430181010001/

Price not listed on this Z432 w/ replica Works Style Kobe Seiko Rally Mags.. wish I could get these Advan Tyres in Australia!

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700060083430240112001/

Early Safari Gold car. - No price listed also.

https://www.goo-net-exchange.com/usedcars/NISSAN/FAIRLADY_Z/700020288230220616004/

However another Safari Gold Z432 is going to auction. (PS30-00232)

https://bhauction.com/auction/tokyo-shin-kiba/lots/1971-nissan-fairlady-z432

ESTIMATE:

¥27,000,000 -
¥35,000,000

That's 182 - 236k in Freedom Dollars.

In my experience auction houses usually slightly underquote to draw the punters in, but this car is missing the Kobe Seiko mag wheels and has the wrong seats for it's year/trim.

The Kobe Seiko wheels are worth anywhere from 8-12k I'd say (if you can find them). Add on buyers fees etc.. and it's basically what the BAT car sold for.

But if you think otherwise, maybe you can advise the Japanese Auction house they are way off the mark? 🙂

I'd bet he's being sarcastic with the Hagerty value? but I don't even know what "aficionados" means. I've always thought that was someone that knows all about, say cars, but doesn't know a spark plug from an O2 sensor.

[Zed Head]

One of the commenters used the Hagerty Insurance Valuation Tool.

It was just a puzzle I wanted to solve.  I think the buyer contacted the seller, asked what the reserve was, and set his starting bid there.  Nobody else was interested at that level.  They had nine days to ponder.  The buyer's tastes seem undiscernible.  A 1934 Packard Sedan and a 1971 Nissan sports car don't have much in common.  I'll be following just to see what's next on his list.  BAT is good entertainment.

[HS30-H]

1 hour ago, Zed Head said:

I think the buyer contacted the seller, asked what the reserve was, and set his starting bid there.  Nobody else was interested at that level.  They had nine days to ponder. 

[Paulytunes]

4 hours ago, Zed Head said:

 BAT is good entertainment.

I think you hit the nail on the head.  That is what the site has evolved into since COVID and now that everyone knows about it.  I lost a bid on a 280Z on BaT a few years back, but I don't think I would bid on a car there now.  I would be curious to know the demographics of the winning bidders.  How many are car people who want a hobby car, serious car collectors, millionaires who like to burn money frivolously, and/or dealers hoping to make a profit?  We will probably never know, because BaT may not collect that information, or if they have it make it public.  Still, I do enjoy browsing and looking at the cars up for auction, for a car lover like me it is like automotive porn.      

[HS30-H]

6 hours ago, Paulytunes said:

I think you hit the nail on the head.  That is what the site has evolved into since COVID and now that everyone knows about it.  I lost a bid on a 280Z on BaT a few years back, but I don't think I would bid on a car there now.  I would be curious to know the demographics of the winning bidders.  How many are car people who want a hobby car, serious car collectors, millionaires who like to burn money frivolously, and/or dealers hoping to make a profit?  We will probably never know, because BaT may not collect that information, or if they have it make it public.  Still, I do enjoy browsing and looking at the cars up for auction, for a car lover like me it is like automotive porn.      

What a strange take. 

I just checked for a snapshot on how many auctions were active TODAY on bringatrailer.com and the number was 698. The lots range from fairly regular, accessible and low value to top-end rare and high value with everything between. Its a veritable microcosm of the automotive world. The demographics of the winning bidders will be pretty much the same demographic as that of the wider automotive world, as will the demographic of the sellers. I don't see anything particularly weird or suspicious about it. 

"Millionaires who like to burn money frivolously"? These are often the very same people who keep the artisan end of the classic car industry in business. If they are spending money in that sector, I'm happy.

"Dealers hoping to make a profit"? And what's wrong with that? Farmers hoping their crops are successful, Doctors hoping to cure their patients. Whatever next? 

Yes, just like in any market there will occasionally be shenanigans. It's the way of the world. Bringatrailer.com is no better or worse than any other portal in that respect. But a 1971 PS30 Fairlady Z432 selling for a price that's pretty much in line with its market value and location seems to have caused some consternation due to the nature of one hammer-blow bid.

I find the reaction to that bid more surprising than the bid itself.  

[Gav240z]

On 1/19/2024 at 3:00 PM, Paulytunes said:

We will probably never know, because BaT may not collect that information, or if they have it make it public. 

Oh they will collect that data, trust me. Anyone company like that, which isn't learning more about it's customer base would be naive. As to weather or not they will make it public... well.. maybe if you ask nicely?