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Z's on BAT and other places collection


Zed Head

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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? 🙂

Screenshot 2024-01-19 at 12.33.16 am.png

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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.

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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.

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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

image.png

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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? 🙂

Screenshot 2024-01-19 at 12.33.16 am.png

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.

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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.

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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. 

Quinn Martin.jpeg

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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.      

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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?

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