Tag: Auction

By on June 2, 2016

1974 Volkswagen Beetle

If there was ever a hermetically sealed time capsule of a car, this is it. And we can thank an old, religious Italian man who hated driving for keeping it so fresh.

A beyond pristine 1974 Volkswagen Beetle, once a common sight on roadways everywhere, just sold at Silverstone Auctions in Denmark for a price that would make an original buyer choke on their Tab. Did they get a good deal? It depends on how much value you put on “perfect.” (Read More…)

By on January 8, 2016

auction1

I buy a lot of cars, which means I often find myself thinking about car sellers and buyers. These are two interesting groups of human beings. In many cases, they’re openly trying to screw you. In other cases, they have no idea they’re screwing you, and you don’t discover they have until four days later when you go to put your briefcase in the trunk and it’s full of rain water.

This got me thinking: What is the least trustworthy group of automotive sellers in existence?

I’ve bought cars from all of them. New car dealers. Used car dealers. Family members, friends, auctions, and strangers on the Internet, from Craigslist to Cars.com to Autotrader to web forums. Every transaction is a little different. And every time, I’m wonder to myself: Is this person going to screw me?

That’s why I’m soliciting your opinion on a topic that’s near and dear to my heart (and wallet). Which car seller can you count on to be the very worst?

(Read More…)

By on December 18, 2015

RM-NYC-2015-1955-Mercedes-Benz-300SL-Sportabteilung-Gullwing-15

During the last week, much has been written about the “Driven By Disruption” auction Dec. 10 by RM Auction/Sotheby’s.

Most of that reporting was about Janis Joplin’s Porsche, which sold for a mildly outrageous sum of $1.6 million (plus fees), which beat the estimate about 2.5 times. Other top-dollar cars were mentioned as well, especially the first Aston Martin DB4GT Zagato sold in almost a decade, or the Ferrari 290 MM that was driven by the famous Juan Manuel Fangio in the Mille Miglia. Both cars brought even more eye-watering amounts of money – $13 million for the Aston, $25.5 million for the Ferrari. The Aston even set a historical record for the most expensive British car ever sold at auction.

The message is clear: The collector car market is not only alive and well, it’s thriving. Cars sell for ever-higher sums and they are a marvelous investment value. After all, they aren’t making any more classic Ferraris and Astons, are they? So the value can only go up, right? (Read More…)

By on November 12, 2015

6

Babies are tough. Bosses can be tougher. But the indisputable boot camp of bare knuckled stress inducers has to be a young dog that hasn’t been given the care, love, and discipline it needs and deserves.

Not even the Volkswagen Passat W8 I bought last year can compare to the ball busting doled out by an 8-month-old female boxer named Luna, a hyper-cute animal that ruthlessly channeled all of my inner Cesar Millan this past weekend, and defecated it right on the carpet.

(Read More…)

By on October 23, 2015

2014 Golf TDI

According to Kelley Blue Book, auction prices for Volkswagen’s diesels cars are dropping faster than similar models that are powered by gasoline.

According to auction data gathered before and after news broke that Volkswagen had admitted to federal investigators that their cars illegally polluted, prices for Volkswagen diesel cars dropped 16 percent. Prices for Volkswagen gasoline cars only dipped 2.9 percent over the same period.

According to the car industry site, interest on the Volkswagen diesel models has only declined 2.4 percent.

(Read More…)

By on August 18, 2015

Porsche 930

Steve McQueen’s 1976 Porsche 911 Turbo Carrera fetched $1.95 million at auction, according to Hemmings Daily.

The specially ordered, air-cooled turbo Porsche had a few cool factory features including dual mirrors, limited-slip differential, black leather buckets and the original tag with McQueen’s custom-ordered slate gray color still riveted to the door jamb.

Considering a fine 1976 Porsche 930 with 64,000 miles on the clock went for nearly $300,000, I figured the auction for charity of McQueen’s car would fetch around the same.

I’m wrong. I can admit that to you now.

(Read More…)

By on July 21, 2015

Screen Shot 2015-07-21 at 8.42.08 AM

The last car the King of Cool custom-ordered will be up for sale next month in Monterey, California.

Mecum Auctions (via Autoblog) details the 1976 Porsche 930 Turbo Carrera (sold here with the internal type number — 930 — in its name) that McQueen ordered shortly before he died. The 3.0-liter, air-cooled turbo 911 will be sold for charity, with proceeds going to Boys Republic, a nonprofit school for at-risk teenagers in Chino Hills, California.

According to Mecum, the car was fitted with a switch to kill the rear lights if McQueen was being chased down Mulholland. That’s so cool.

(Read More…)

By on July 8, 2015

Dubbed the “most famous Ferrari known to exist” by Mecum Auctions, the white “Miami Vice” Testarossa will hit the auction block August 13-15 in Monterey, California.

The amazingly entertaining history behind the car includes details about the Testarossa, which was repainted white, and its life after the hit ’80s show.

With just over 16,000 miles on the clock and a recent $8,000 engine-out service, a piece of American television history can be yours (probably for a lot of money).

(Read More…)

By on February 2, 2015

Three ring binder. Shutterstock user Africa Studio

TTAC commentator dtremit writes:

Hey Sajeev —

Inspired by your recent Mazda3 Piston Slap, I thought I’d throw this question your way. Seems like something the B&B might have advice on.

I have a 2005 Mazda6 that is a rather desirable used car…on paper. It is in excellent condition mechanically, and has fairly low miles for its age (about 78k). Single owner, and I have maintained it well, though I am not sure the mess of receipts in the glovebox counts as excellent documentation. I have a good set of Nokian snow tires for it on steel wheels, which would go along with it. It would make a good car for someone for quite some time to come. (Read More…)

By on September 5, 2014

OLYMPUS DIGITAL CAMERA
Jack Baruth has a very thoughtful post on selling his green stick, apparently an Audi. (See No Fixed Above: Stick it to ’em.) Here I delve into his logic as a devil’s advocate.

A key observation throughout his post is that most (newish) used cars move through dealerships, and for many there is an auction through a Mannheim or Adesa in between the trade-in and the used car lot. The same is true in Japan: the graphic above is of a car auction in Osaka, though on-site buyers sit at computers with a huge display of the two virtual “lanes” with no audible action. (For more see my post on a June 2014 visit at Auto Auctions, Japanese Style.)

(Read More…)

By on June 30, 2014

keeler

Hi Steve,

I have been trying to find a Lexus GX470 for several months now. Either a 2012 or a 2013.

What I have found is that these vehicles simply don’t exist here in Tennessee.

I have gone through every Lexus dealer in the state, along with a few others that are out of state. I can’t find a GX anywhere.

So I thought that maybe I should try to look at a Toyota Sequoia, or maybe even a Toyota Tundra instead. I have found a few of these vehicles at the dealerships, but the prices are stupid high, and I just can’t justify paying what they want me to pay.

I am a cash customer, and I don’t think I’m too picky when it comes to cars. What I wanted to ask you is whether you can actually find a good deal on a late model GX at the auctions.

Steve Says:

No.

(Read More…)

By on June 11, 2014

TAAOnlineScreen

While we’re fortunate to be treated to a weekly look at American auto auctions courtesy of TTAC’s Steve Lang and his Hammer Time series, today we’re getting a glimpse of an auction on the other side of the world.

(Read More…)

By on November 22, 2013

mustangsplus

I admit it. Every once in a while I buy a vehicle that simply doesn’t work out.

Everything checks out at the auction. But then, I get a birthday surprise.

It could be a transmission that randomly goes out of overdrive after about 20 or 30 miles. Or an engine that has far too many aged wires for me to easily track down a stubborn check engine light.

Sometimes I buy a 4000-pound ATM machine that only allows you to put money into it; a rolling lemon, par excellence. Then I have to figure out how to make it into lemonade, lemon meringue pie, lemon tart, and even repair fodder for the other rides on the road that are still lemon-free.

Lemons are never fun… but every once in a while fate has a wonderful way of smiling on a pitiful set of circumstances. 

(Read More…)

By on September 11, 2013

Capture

Dan writes:

Hi Sajeev,

I enjoy your columns and thought I would get your input regarding what I should do with my current vehicle, a 2002 Acura TL 3.2. I purchased the vehicle new almost 12 years ago. The Acura has about 200,000 miles on it and is still on its third-transmission. As we all know, the transmission used on this vehicle was problematic but seems to be running okay. The car is very clean inside. (Read More…)

By on June 27, 2013

caddy, Picture courtesy Mecum.

There’s been all sorts of interesting stuff on the auction block lately, but surely the car above has the Seventies lovers in the audience all shook up.

(Read More…)

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