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- Auction Mistakes Cost Lamborghini Diablo SV Sale!
Auction Mistakes Cost Lamborghini Diablo SV Sale!
PLUS: Why This Aston Martin $468,000 Sale is a Bargain
The Daily Vroom
Good morning, Vroomers!
What an incredible week of sales we've had! The excitement continues this weekend with the McLaren P1 up for grabs, the top bid already surpassing $1 million, and the seller is on fire with 3 sales out of 3. Will this be number 4?
See you on Monday for all the weekend’s analysis and more.
Sam
MARKET LEADERBOARD
💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc… All online auction sites are analyzed to put this leaderboard together.
I only include websites that have sold 5+ cars in the chart below.
Alright, Vroomers, we've got some juicy market stats to chew on!
The market leaderboard is looking beefier than a muscle car meet today, folks. We saw a tasty 7% uptick in cars sold compared to yesterday. That's right, more metal changed hands, and you know I love to see it!
Now, here's where it gets interesting. Despite more cars finding new homes, our total sales took a bit of a dip, landing at $7.1m. Don't get me wrong, that's still a number that'll make your wallet sweat, but it's down from yesterday's figures.
So what's the deal? Well, let's break it down. We're seeing fewer big-ticket items crossing the block. Those $100k+ sales? They made up less than 10% of the pie yesterday. That's brought our average sale price down to a cool $43k, compared to the previous day's $51k.
YESTERDAY’S TOP 5 SALES
Bring a Trailer came thundering back like a bat out of hell, reclaiming their top dog status with a jaw-dropping Aston Martin sale. We'll dive into that British beauty later, so hold onto your tea and crumpets!
Hot on BaT's heels was Collecting Cars, proving once again they're no one-hit wonder. They dropped the hammer on an Aventador that had wallets weeping and enthusiasts drooling.
And would you look at that - SOMO's becoming a regular in our top 5 faster than you can say "prancing horse." This time they're moving a classic Ferrari that'll make your heart race faster than its V12.
Want to feast your eyes on these beauties? Just click on the cars below. Fair warning: you might need a bib to catch the drool!
This, my friends, is why I love this gig. One day it's modern supercars, the next it's timeless classics. The auction world's more unpredictable than a drift car on a wet track, and I'm here for every tire-squealing moment of it!
There are not enough sales of the ‘65 Vallelunga to have comparable insights.
Sale of the Day
Let's talk about our Sale of the Day: the 2019 Aston Martin Vanquish Zagato Shooting Brake. This British beauty just commanded $468,000 on Bring a Trailer, and it's got enthusiasts buzzing for good reason.
We're dealing with serious exclusivity here. Only 99 of these masterpieces were crafted, with a mere 11 making it to U.S. shores. This particular example has barely stretched its legs with just 3,300 miles on the odometer. Finished in Scorching Black over Pure Black and Sahara Tan leather, it's a study in automotive elegance.
The Zagato's design is nothing short of breathtaking. That double-bubble carbon fiber roof and Z-patterned grille are pure automotive art. And let's not forget the heart of this beast - a 5.9-liter V12 pumping out 580 horsepower. It's a perfect blend of British muscle and Italian design flair.
Step inside, and you're enveloped in luxury. The "Z" quilted stitching, heated and ventilated seats, and Bang & Olufsen sound system create an environment that's as opulent as it is functional.
What's particularly interesting about this sale is its provenance. Originally sold to the owner of Aston Martin of New England, it comes with some delightful extras like a glass key fob and an Aston Martin umbrella.
From an investment perspective, I'd wager this Zagato has a bright future. Given its rarity and pedigree, we could be looking at significant appreciation in the coming years.
What's truly impressive is that this marks the buyer's first purchase on BaT after being a member of the community for seven years. Talk about making an entrance! And kudos to the seller for setting a reasonable reserve price, ensuring this automotive masterpiece found a new home.
To the new owner: Congratulations on acquiring a piece of automotive history. And to the rest of us? Well, we'll keep our eyes peeled for the next automotive gem to grace the auction block. Because in this world of classic and exotic cars, you never know what might show up next!
Nearly Sale of the Day
The 1998 Lamborghini Diablo SV auction on Cars & Bids ended yesterday with a high bid of $310,000, falling significantly short of the $450,000 achieved by a similar model in December 2023. This discrepancy in bids highlights a few critical lessons in the high-stakes world of online car auctions, especially for rare and valuable cars like this Diablo SV.
What Went Right
Firstly, Cars & Bids did well by leveraging the star power of Doug DeMuro. Doug's review of the car brought significant attention and credibility to the listing. The Diablo SV being featured in Doug's office added a layer of trust and thoroughness, likely driving more views and initial interest in the auction.
What Went Wrong
However, several missteps significantly hampered the auction's success. The seller was abroad during the auction, which severely limited their ability to engage with potential bidders. This lack of engagement is critical, especially for high-value vehicles where buyers often have specific and detailed questions that need immediate responses. When potential bidders requested further documentation and the seller was unable to provide it due to being out of the country, it undoubtedly put off serious buyers.
This situation underscores the importance of being fully prepared and present when listing a vehicle of such magnitude. Sellers must have all necessary documentation readily available and be prepared to answer any and all questions promptly. The absence of these elements can significantly detract from the perceived value and reliability of the listing.
A Lesson in Preparation
The failure to sell this Lamborghini Diablo SV for a more desirable price serves as a stark reminder of why some sellers are willing to pay power sellers up to $10,000 to manage their auctions. These professionals ensure that all aspects of the sale are handled meticulously, often resulting in higher final bids that more than justify their fees. It’s surprising more individual sellers don’t utilize these services for high-end cars, given the potential for a better outcome.
A Strategic Approach for Auction Platforms
From a platform perspective, this incident presents an opportunity. Auction sites should consider encouraging sellers of high-end vehicles to partner with local representatives or power sellers to manage their listings. This approach could ensure a more engaged and responsive seller presence, ultimately leading to higher bids and a win-win situation for all parties involved.
The Car Itself
Despite the outcome, this Diablo SV is the stuff of bedroom posters come to life. We're talking a 510-hp V12 engine, a gated 5-speed manual (because who doesn't love rowing their own gears in a Lambo?), and a mere 24,200 miles on the clock. It's got those iconic OZ Racing wheels, adjustable suspension, and Brembo brakes that'll stop you faster than your bank account empties when you fuel it up.
Conclusion
This Lamborghini Diablo SV auction isn't just a story - it's a full-blown masterclass in how not to sell a high-end exotic online. For anyone thinking of putting their prized ride on the virtual auction block, consider this your wake-up call.
To all you potential sellers out there: If you're sitting on a automotive gem like this Diablo, you've got to treat that auction like it's your job. Because for those few days, it absolutely is. Being present, responsive, and prepared isn't just nice-to-have - it's the difference between popping champagne and watching your dreams drive off into the sunset.
And hey, auction platforms, I'm looking at you too. Maybe it's time to start nudging these high-roller sellers towards some professional help. A local rep or a power seller could be the secret sauce that turns a no-sale into a bidding war.
Bottom line, Vroomers: In this wild world of online car auctions, engagement is king. Whether you're selling a million-dollar exotic or a beloved beater, being all-in is the only way to come out on top.
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