jjs 60 Report post Posted June 19, 2008 Link I wonder if they allow decent test drives?? Quote Share this post Link to post Share on other sites
camera doctor 25 Report post Posted June 19, 2008 Based on replacement of a 599 at $550k, it this sells for the guide price, the depreciation works out at about $15 per km !! Ouch ! Quote Share this post Link to post Share on other sites
jjs 60 Report post Posted June 19, 2008 From The Herald website As the credit crunch continues to hit, the first luxury to go is the big car, especially if it's financed. With petrol, food, mortgages and many other household costs rising, people are struggling to pay for the big, fat car. Auckland car auction firm Turners is holding one of its largest auctions of luxury cars with more than $1 million worth of top-range cars going under the hammer on Saturday from midday. Many of the cars are on sale after their original owners defaulted on repayments. A number of the cars have been repossessed from finance companies - it would appear that not all of the people driving cars at the luxury end of the market could afford them. Top makes at auction include Bentley, Aston Martin, Ferrari, Mercedes Benz, Porsche, Land Rover, Audi, BMW and Chrysler. One of the examples up for grabs on Saturday is a 2005 Bentley Continental GT. For the first time at a Turners prestige auction, bidders will have the choice of two of these grand touring machines. True luxury coupled with exhilarating performance makes the Bentley brand what it is today and there is a choice of a black or grey model. Aston Martin DB9 and a V12 Vanquish are also on offer. The sound of these cars is reason alone to own one. They are a great example of automotive excellence. Another top-end model is the Audi's flagship Q7 Quattro TDI. This 2007 model has only done 26,000 kilometres and won't depreciate as much as a new model. The car is black on black with anthracite leather upholstery. The engine is Audi's excellent 3.0 turbo diesel running the Quattro four-wheel drive system. There's even a 2007 Ranger Rover Sport. This example is supercharged and finished in black. It sits on 24-inch five-spoke chrome alloy wheels that have to be seen to be believed. The car comes with full leather upholstery and has only travelled 10,500 kilometres. It has the luxury of a Range Rover, the power of a sports car and too many options to mention. While modern cars are caught up in the issues around finance and rising fuel costs, there is little sign of these factors impacting on classic cars. These vehicles do relatively low kilometres, so the fuel issue is less of a concern. And the whole point of a classic is to enjoy luxury, high performance or both. Classic cars are from an earlier era and are hardly an inexpensive pastime. Consider a 1934 Rolls Royce. From the time when you bought a chassis from the manufacturer and then sent it to your preferred body builder who created coachwork in the style and manner of your dreams, it was a never-ending rollercoaster of expense. The Rolls Royce is a far cry from a 1960 Vauxhall Victor produced in England and styled to look as if it came from the United States. Most have long since gone to the great wrecking yard in the sky but now and then one turns up and provides an evocative touchstone to the early 60s when the Beatles were starting out and the Western world was changing rapidly. A little later, the US was still enjoying cheap petrol and its idea of a sports car was a 1981 Chevrolet Corvette with a glass T-top for open-air motoring when the weather allowed. The 21st century has produced cars with a twist - they look old but employ the latest motoring technology. The TD2000 is this type of car. Outwardly it looks like a well-restored 1950s MG. But don't be fooled. These cars are built using a 135bhp 2-litre Toyota engine with an automatic gearbox. The hand-crafted leather interior even has the benefit of air conditioning. * To check out more go to the Turners Auction website, or turn up on the day at the corner of Leonard and Penrose Rds, Penrose, Quote Share this post Link to post Share on other sites
greenday-rulz21 4 Report post Posted June 19, 2008 The estimate of $110k is bs Quote Share this post Link to post Share on other sites
Nic325i 0 Report post Posted June 19, 2008 The estimate of $110k is bs Going rate in UK seems to be 40-50k pounds, which is around that money - so maybe not. Quote Share this post Link to post Share on other sites
greenday-rulz21 4 Report post Posted June 19, 2008 Going rate in UK seems to be 40-50k pounds, which is around that money - so maybe not. 550 Maranello 1999 coupe with 23,395 miles/ Rosso Corso red exterior with black leather daytona seats. 5.5 litre v-12 air, power seats, am/fm stereo, heavy duty brakes with drilled rotors. This car was born in Europe and federalized in the U.S. I have all books and paperwork. Turner priced at $105,000. For more information, please call area code 1-(585)-924-3565, 1-(585-943-0867 anytime. (5/2008) Really?? Well IMO at least Quote Share this post Link to post Share on other sites
Braeden320 0 Report post Posted June 19, 2008 http://www.trademe.co.nz/Trade-Me-Motors/C...n-161398497.htm - Similar Car $190k Remembering that it IS an auction and $110k-130k is ONLY an estimate - Wouldnt say its BS. It will be interesting to see what it sells for (if thats possible) Quote Share this post Link to post Share on other sites
BMW Sila 0 Report post Posted June 19, 2008 This news was actually to day on close up! Quote Share this post Link to post Share on other sites
E30 325i Rag-Top 2915 Report post Posted June 20, 2008 [it will be interesting to see what it sells for (if thats possible)Register on the Turners web-site and you can watch and bid on-line. Quote Share this post Link to post Share on other sites
1rotty 40 Report post Posted June 20, 2008 Link I wonder if they allow decent test drives?? Maybe-if you take your banker & then you just have to hope it will start !!! Quote Share this post Link to post Share on other sites
Driftit 1956 Report post Posted June 24, 2008 My Dad went along to have a look. Said there was a massive croud. The first car up was the 550 Ferrari. He said it went for $145K. Which is about $20K more than the one sitting at Audi in Wellington I saw over the weekend. Must have been some rich idiots caught up in the moment. Dad left after that auction though. As he didn't think there would be any good deals. Quote Share this post Link to post Share on other sites
jjs 60 Report post Posted June 24, 2008 My Dad went along to have a look. Said there was a massive croud. The first car up was the 550 Ferrari. He said it went for $145K. Which is about $20K more than the one sitting at Audi in Wellington I saw over the weekend. Must have been some rich idiots caught up in the moment. Dad left after that auction though. As he didn't think there would be any good deals. The Ferrari at Armstrong Prestige Audi / Porsche in Wellington is a 1995 456, which is quite a different beast to a 550. The only 550 current listed at the moment is very similar and $45,000 more. Your daddy was wrong. There were some very good buys out there, I don't think anyone paid too much for any of the vehicles. You can see the results through the link here. You will find by comparing the sales to what comparable vehicles are listed on Trademe for shows the vendors at auction were very motivated. Quote Share this post Link to post Share on other sites
Nic325i 0 Report post Posted June 24, 2008 (edited) shows the vendors at auction were very motivated. The Aston Martin is pretty scary - $240/day depreciation from new Edit: the range rover is just about as bad [schadenfreude] Nothing like the bank selling your house from under you to get the toys moving [/schadenfreude] Edited June 24, 2008 by Nic325i Quote Share this post Link to post Share on other sites
E30 325i Rag-Top 2915 Report post Posted June 24, 2008 Quite a few not sold, but $47,500 for the M3 Convertible looks a good price, think it had a hard top and looked in pretty good nick in the photos, reasonable Kms too. Now makes me only about $45k short of what I need..... Quote Share this post Link to post Share on other sites
Driftit 1956 Report post Posted June 25, 2008 Your daddy was wrong. There were some very good buys out there, I don't think anyone paid too much for any of the vehicles. OMG!!! I got some Ferrari's mixed up. No need to be a smart ass cock about it. Quote Share this post Link to post Share on other sites
Apex 693 Report post Posted June 25, 2008 OMG!!! I got some Ferrari's mixed up. No need to be a smart ass cock about it. This is an F40... or quite a few rather. http://www10.plala.or.jp/club40/20ann/ very cool. The 456 and 550 do look similer. The 456 is a 4 seater. Quote Share this post Link to post Share on other sites
jjs 60 Report post Posted June 25, 2008 OMG!!! I got some Ferrari's mixed up. No need to be a smart ass cock about it. Must have been some rich idiots caught up in the moment. Well if you post stupid comments, what sort of reply do you expect? Quote Share this post Link to post Share on other sites
