M3 Scores, Flachbau Flops!

PLUS: Flashicama Volvo, Gold Trans Am, and a low-mile AMG all close today

The Daily Vroom

Good morning Vroomers!

Yesterday we spotlighted some interesting cars that ended yesterday. The update to those auctions is that the 51-mile 1994 Porsche 964 Turbo S X85 Flachbau hit $1.125M before stalling out, and it’s now sitting with a $1.5M buy-it-now tag. No shock there, it traded close to that number all-in at the previous auction, so the seller’s looking to cover and squeeze a bit more.

Meanwhile, the one-owner 18k-mile 1988 BMW M3 landed at $163K. A strong result, and right about where we said it would shake out.

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+ vehicles in the chart below.

YESTERDAY’S TOP 5 SALES

Want to dive deeper into any of these listings? Just click on the car to take you directly to the listing.

2023 Lamborghini Urus Performante $261,000 (5k miles)

Paint to Sample Viola Purple Metallic 2024 Porsche 992 Targa 4 GTS $223k (1,418 miles)

1998 Porsche 911 Carrera S $215,000 (76k miles)

1988 BMW M3 $163,000 (18k miles)

2010 Porsche 911 GT3 $150,497 (69,600)

Your Feedback

Yesterday we had another massive response to our poll question around chandelier bidding.

“Should chandelier bidding be accepted as part of auctions, or should it be stopped?

As you can see, most of you want the platforms to scrap this practice altogether (and many already try).

That said, there are solid arguments for leaving it in play. Below is a selection of your takes. As always, this community’s knowledge and experience gives me plenty to chew on.

It's been part of the game since the first horse was sold at auction. At live auctions, one of the largest in particular, it's obvious and safe to say most bidders/sellers know it. I have bid three cars through Hagerty, on two I was the final bidder and didn't hit the reserve. They called; I bumped it 10% and the seller took it. The other one a lower six figure car, I ended up offering 30% more, which was their value guide figure, the guy was buried and opted not to sell. The third one, I was outbid, two days later they called, the guy that won couldn't get the money, I ended up with the car for less than my top bid, the other guy ended up paying the buyers fee and the difference in what I paid and his bid. Point being with Hagerty the little green men could have shown up but didn't, I trust them totally. Of course they've insured our cars for over 20 years.

We don’t want online auctions to turn into another Mecum auction

Nothing more to say, stop it please

At in person dealer auctions for used cars, Manheim for example, Fake Bidding is NOT accepted by most knowledgeable buying dealers. If the auctioneer is called on it, the auction can be made null and void. It does happen and some auctioneers get away with it, but not with savvy dealers. It should NEVER be allowed.

The T & C expressly state that the auction houses can "advance" a bid. But to have a "buyer" bid with only the intent to up the eventual winning bid is wrong

Lately there has been a lot of dare I say B/S. One comes to mind. At Mecum, Aug 2025. Closing a bid only to reopen for a higher bid. All of this Happening within "seconds" of the close of what everyone thought was the winning bid.

Live auctions put a disclaimer in that says they may”advance against the reserve”. I tell people bid what you want to pay and quit. Sometimes they come back to you.

I've always thought that caring too much about off-the-wall bidding is pointless. Just pay what you're happy to pay for the car - who cares if there's only one other person at your level or 30 others? If you're worried about it because you want to ensure there are enough people at the level to resell it to six months down the line, then you're not really an enthusiast; you're just a speculator.

In live auctions it is illegal for an auction company to run a bidder on a no-reserve car. Sometimes they have to back up into a bidder when they get caught. It is legal for an auction company to run a bidder on a reserve car if it is stated in their terms and conditions. It is nearly impossible to shut down in all scenarios especially online.

Vehicle is worth the money! Whether chill bid or not! Doesn’t matter how you get there! As long as you get there

I’m clearly in the minority here. First, who really cares. If you’re going to be bid up, that’s a you problem. If the car sells, great. If it doesn’t, the seller may be hurt even more as the car is then stigmatized. I see a number of no sales on BaT that are unsold with a reserve only to be listed days later with no reserve. By setting limits, a buyer is really in full control here.

As cars become more expensive "chandelier bidding' hurts the occasional, or one time buyers, potentially putting them off. Keep in mind that a collection of "one," can be best collection.

In a perfect world all bids would be real, this determines what the market at that point in time, values the item at.

While a few private sellers play these shenanigans, unfortunately the proliferation of dealers is the likely culprit of most of this activity, especially on sites that use end-of-auction time extensions.

It hurts everyone.

I don’t know how you stop it. Particularly when the “other” bidder is supposedly on the phone. It’s amazing how often Mecum and BJ have to adjust the high bid downward when a real bid shows up.

This is so “I’ve only been around for five minutes” energy.

Buying anything at an auction is a show. Regardless if its a car or a tea pot. The game is simple, find your comfort number and sit there. Watch the room to see if real hands go up and if you are bidding against someone you can shake hands with after its over. Auctions are not for the weak of heart nor for winners most of the time. If someone can't stand the smoke, get out of the lane.

Have experienced it, hate spending more than I needed. But it is good for the seller.

Shill bidding has its place-during an auction with a reserve car that will not sell unless it gets to the reserve number, whether disclosed or not. Shill bidding online or live, in a no reserve situation, is truly theft by deception and should not be tolerated by any platform.

It's not deceptive as it helps the bidders in the game get to the reserve. If the reserve is too high, the car does not sell. It's the same for live and online. I know of someone that has seven (he told me - I've not confirmed) BaT accounts that he uses strategically. Additionally, I've had friend that have asked me to bid on a car to get it closer to the reserve and ive done the same. Keep in mind, the biggest fraud is in price manipulation online. It' costs less to fake a sale on a million dollar car. Its only $7,500 and if you have three or four of the make/model you can impact the markets perception of the value of the assets by selling two to your own account and paying the $7,500. It's happening and it's real.

The core concept of any auction is "willing seller, willing buyer" -- in the absence of someone forcing a buyer to bid against his or her will, they're a willing bidder, acting voluntarily. Where's the coercion implied in critiques of chandelier bidding?

Auctions Ending Today To Keep An Eye On

Yet another wagon I am flat out drooling over. A 2004 Volvo V70R in Flash Green over Atacama. The infamous Flashicama. Fewer than a dozen were delivered to the U.S. in this spec which makes it rarer than a lot of the exotics we talk about.

Look inside and those Atacama seats are peak Volvo. Nothing more comfortable, nothing more supportive, nothing more outrageous ever left Gothenburg. Add in the turbo five cylinder, AWD, and the fact this car was part of the very first Overseas Delivery batch, and you start to see why people lose their minds over these.

It needs work, sure. Rust, tired electronics, Midwest scars. But it is a one owner car, mostly original apart from an iPd exhaust, and it is running at no reserve. C&B are putting their wagon A game front and center and I love it. These are disappearing fast as parts cars. This one is a survivor and it deserves an enthusiast who gets it.

Not every car needs to be bone-stock to be worth talking about. This 1978 Pontiac Firebird Trans Am Y88 started life as a Gold Special Edition, a half-year package with just 8,666 built. That already makes it a collectible in its own right, but this one has been reimagined as a Pro-Touring build. The recipe is serious: LS3 power, a six-speed manual, modern suspension, and big brakes, all wrapped in Solar Gold with the correct Y88 accents and Camel Tan interior.

The details make it. PHS documentation confirms the Y88 pedigree. Under the shaker hood is a 530-horse LS3 mated to a T-56 Magnum, managed by Holley electronics.

What I like here is that it has been driven, not parked. Over 14,000 miles have been logged on the drivetrain, including long trips where it returned highway mileage in the mid-20s.

This is not a fragile garage queen but a usable, proven build that keeps the iconic and rare Trans Am Special Edition style intact while making it genuinely fun and confidence-inspiring to drive today.

Here’s one that deserves attention. A 2000 Mercedes-Benz E55 AMG with just under 30k miles, Brilliant Silver over two-tone AMG Exclusive leather, unmodified, freshly serviced, and presented exactly the way you want to find one. It feels like stepping straight back into a Stuttgart showroom in 2000.

Yes, values on low-mile AMG sedans have been climbing,(previous sale of $30k back in 2022, with current bid already higher) and that matters to some. But what excites me is the drivability. The W210 E55 is a car you can actually use. It has the right mix of analog feel and modern comfort, powered by the bulletproof M113 V8 that delivers torque everywhere and does it without drama. No fragile air suspension, no screens to fail, no forced induction to worry about. Just a car you can jump in and drive.

Most of the survivors have high miles or rust, but this one is different. Tight, clean, everything working, with an interior that still looks fresh. The W210 E55 AMG is now a modern classic, but more importantly it remains one of the most enjoyable AMGs to live with and drive every day.

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