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šŸ‘€ 2019 Beetle Final Edition Sets Surprising Record

PLUS: Why this 2005 Saleen S7 Twin Turbo Competition Package Didn't Sell

The Daily Vroom

Good morning, Vroomers!

The weekend auction lineup is bustling, but exceptional offerings are somewhat scarce this time around. However, there are still some noteworthy options ending today:

Ford GT enthusiasts: We've spotted a particularly impressive example up for grabs. You can check it out here.

For the Porsche 911 aficionados: We've found a few stunning specimens that are worth a look. You can view them here.

While the weekend selection may not be as stellar as usual, these picks should still pique the interest of discerning collectors.

Wishing you all a fantastic weekend,

Sam

MARKET LEADERBOARD

šŸ’° The figures shared below donā€™t count any other sales such as car seats, memorabilia etcā€¦ All online auction sites are analyzed to put this leaderboard together.

I only include websites that have sold 5+ cars in the chart below.

It was too good to be true that last few days sales numbers. Yesterday we were brought back to earth with a bump. Total sales were 6.2m

Below, you can see the breakdown of sales into their respective price segments. Notably, the higher price segments that were bulging yesterday are back to our ā€˜normalā€™ levels. No 10+% for the $100k+ sales.

YESTERDAYā€™S TOP 5 SALES

Yesterday was a first. BaT didnā€™t have any of the top 3 sales, in fact they only had 1 out of the top 5.

Top of the table goes to SOMO with the sale of the 2005 Ford GT. Followed by Collecting Cars who had 3 other sales in the top 5.

To view each listing, you can click on the cars.

2005 Ford GT $372,500

2023 Porsche 911 (992) GT3 RS $327,600

Last sale was in Europe

2014 Ferrari 458 Speciale $275,500

1963 Chevrolet Corvette 327/ L76 Split-Window Coupe $212,000

2000 Ferrari 550 Maranello - Fiorano Handling Pack $146,300

There are no comparable sales with the Fiorano Handling Pack

Insane Sale of the Day: The 2019 Volkswagen Beetle 2.0T SEL Final Edition Convertible

Who saw this price coming?

In the world of car auctions, you expect to see some high bids and jaw-dropping sales, but every now and then, something truly wild happens that leaves everyone scratching their heads. The 2019 Volkswagen Beetle 2.0T SEL Final Edition Convertible sold yesterday for an astonishing $67,000, and itā€™s safe to say that this sale fits squarely into the ā€œinsaneā€ category.

First off, let's talk about what makes this Beetle special. This isnā€™t your run-of-the-mill Beetle; itā€™s the Final Edition, the last hurrah for an iconic model. Finished in Pure White with a power-operated brown convertible top, this Beetle boasts diamond-stitched black leather upholstery, bi-xenon headlights, 18-inch wheels, heated sport seats, and a turbocharged 2.0-liter inline-four engine. With just 1,100 miles on the odometer, itā€™s practically brand new.

But even with all these features, $67,000 is a lot of money for a modern Beetle. The carā€™s window sticker price was $31,735 when it was new, which means this car sold for more than double its original value. So, what drove this price up so high?

The comments section offers some clues. Several enthusiasts pointed out that this Beetle is more than just a car; itā€™s a piece of automotive history. The fact that itā€™s a Final Edition model adds to its allure, marking the end of an era for the Beetle. Collectors often pay a premium for such milestone cars, especially ones in pristine condition with incredibly low mileage. As one commenter put it, "This was the perfect storm!! The players were all here, and the seller had an excellent presentation." (presentation always helps to a certain degree).

Thereā€™s also the undeniable nostalgia factor. Many people have fond memories of Beetles, whether itā€™s from their childhood or just an appreciation for its unique design and place in automotive history. This emotional connection can drive prices up significantly, as bidders get caught up in the moment, eager to own a piece of the past.

Another factor that might have contributed to the high price is the carā€™s rarity in such condition. One commenter noted, "There aren't many Beetles still around with these low miles." When you combine rarity with desirability, prices can skyrocket, especially in a no-reserve auction where the highest bidder takes it all.

Despite its impressive features and the emotional pull, some folks were left baffled by the final bid. One user humorously remarked, "Wow! I like the Beetles but $70k+ with fees for one of these is insane." Itā€™s a sentiment that was shared by many watching the auction unfold. The carā€™s price eclipsed those of other more traditionally ā€œvaluableā€ cars, sparking debates about market dynamics and collector behavior.

In the end, the 2019 Volkswagen Beetle 2.0T SEL Final Edition Convertible's sale for $67,000 showcases the unpredictable nature of car auctions. Whether it was nostalgia, rarity, or just the right combination of bidders, this Beetle's insane sale price will be talked about for a long time. For the new owner, itā€™s a dream car come true, and for the rest of us, itā€™s a reminder of just how wild the auction world can be.

Why the 2005 Saleen S7 Twin Turbo Competition Package Didn't Sell for $715,000

This gorgeous 2005 Saleen S7 Twin Turbo Competition Package, an iconic American supercar, failed to sell at auction yesterday for $715,000, despite its undeniable allure and rarity. Several factors likely played into this outcome.

One major issue was the engine. It's not the original, and thatā€™s a deal-breaker for many serious collectors. Originality holds significant value in the collector car world, and having a non-original engine can dramatically impact the perceived worth of a vehicle. This Saleen, despite its impressive specs, fell short in this crucial area.

Timing and the right crowd are also critical in auctions. Sometimes, it just isn't the right day with the right bidders. The last time a Twin Turbo Competition Package was up for auction in 2021, it reached a high bid of $655,000.

The broader economic context can't be ignored. Over the past two years, the market for some high-end vehicles might have weakened, impacting the sale. With many high-net-worth individuals potentially tightening their belts or focusing their investments elsewhere, this Saleen didnā€™t capture the needed attention.

Moreover, the carā€™s modifications, while improving performance and reliability, might have deterred purists. This Saleen is a beast with 1,000 horsepower and a stunning Lizstick Red paint job, but it wasnā€™t enough to overcome the purists' desire for untouched originality.

On the flip side, thereā€™s also a sense of timing within the Saleen brand. With the future of Saleen hanging in the balance, some might see better investment opportunities elsewhere, rather than than take a ā€˜riskā€™ with a company that might not be around tomorrow.

Ultimately, the auction comments reflect a mix of admiration and skepticism. While some were dreaming of this car since childhood, others were put off by the engine issue and the broader market context.

Despite the undeniable allure and rarity of the 2005 Saleen S7 Twin Turbo Competition Package, it wasnā€™t the right moment, or perhaps the right crowd, for this stunning car to find its new home. The love for the car is clear, but love alone doesnā€™t always seal the deal when substantial money is on the line.

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