MkIV for Auction

[French Frie]

BTW, the car sold for £55,000, so about £82,500 with fees and taxes (€113,000), which doesn't seem bad to me, regarding the LHD  and belgian plates ...

[nikbj68]

So hammer price was £55,000... I`m still saying bargain!

[AC Ventura]

quote:Originally posted by nikbj68
   
So hammer price was £55,000... I`m still saying bargain!
   

   
    I know dealer asking prices are almost double this figure and lets not forget that the poor old vendor got a lot less than the £55,000 hammmer price. I think the disparity is a reflection of a difficult Mk IV Cobra marketplace, where nobody (barring most owners)is clear on how to categorise the cars.
    As in all rare objects of desire, find a motivated seller and you can pick one up for half what some might pay. Never been any different. On the other hand if you have £110,000 in your pocket you'll also soon find one for that.

[Hobo]

....exactly the point.
   
   A legally registered MkIV in Belgian (EU), LHD and than sold for £55.000 equal to €75.000 !!
   It needs some free advertisments in "mobile" or "autoscout" only and the car would have been sold in minutes with this price, even higher.
   
   Sorry, but if the vendor shows such a low profile in marketing of his beauty or does not want be bothered with potential buyers the result of sale via an auction is nothing but fair.

[ANF289]

quote:Originally posted by AC Ventura
   

quote:Originally posted by nikbj68
   
So hammer price was £55,000... I`m still saying bargain!
   

   
    I know dealer asking prices are almost double this figure...

   Dealer asking price is really irrelevant.  Hammer price is irrelevant also; the cost was £82,500 (or about $127,000).  This is significantly greater than the mean verifiable sale price (currently about $95,000 or £61,688) that I’ve seen.  The low is about $65K (~£42K back in 2006) and the high was the Dingman Mk IV at $170,500 (~£110K).  The latter may be higher since I don’t remember if that value included the buyer’s premium.  Thus, £82,500 in the current market doesn’t seem like a bargain to me.

[AC Ventura]

For goodness sake ! The car quite as clearly shown on the video was hammered down for £55,000. Add 10% buyers premium of £5500 plus 20% Vat on that (£1100) and it all adds up to £61,600 and that figure is exactly what's on the original posers link
   The car cost the new owner £61,600 not £82,500. As you say on par with LHD asking prices, so nothing remarkable  either way really.

[AK1161]

Thankyou for clarifying that for all.....the maths is not difficult and i have been following the thread wondering who is following which auction ...........lets us all hope the new owner is very pleased with what looks like a bargain..........anyone who needs the maths explained please send me a PM and let that be the end to a thread that has got out of control which is not the norm on this forum.

[AC Ventura]

Certainly does seem to have quickly found a new owner!!!
   
   http://www.ddclassics.com/car-sales/AC-Cobra-Mk-IV/11296.htm

[Spantik]

Quite expensive Mk IV in Switzerland: www.autoscout24.ch/3214364.
   228'000CHF is quite challenging a price.