MECUM AUCTION 2021 MB AMG GT BLACK SERIES - NO SALE

May 21, 2022 | 02:44 PM

JSwan724

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MECUM AUCTION 2021 MB AMG GT BLACK SERIES - SOLD $550k

A 2021 MB AMG GT BLACK SERIES went across the auction block in Indianappolis.
The bidding stalled at $480k with a reserve on. ($528k with 10% Sales Commission)

Later the Black was sold in a “After Auction Sale” for $550k Nice!!

Jerry

Last edited by JSwan724; May 22, 2022 at 02:36 PM.

May 21, 2022 | 03:27 PM

LAsunset

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Fast and Really Fast Sports Cars

I wonder what's the reserve $700k?

Softening across the board. I was monitoring the new GT3 prices too. ADM not as aggressive. Recession fear getting very real. Shift, Carvana (lay offs), Vroom all bummed out.

May 21, 2022 | 03:29 PM

JSwan724

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Quote:

Originally Posted by LAsunset

I wonder what's the reserve $700k?

Softening across the board. I was monitoring the new GT3 prices too. ADM not as aggressive. Recession fear getting very real. Shift, Carvana (lay offs), Vroom all bummed out.

I’m guessing in the $550 range. That 10% buyers premium doesn’t help any.

May 21, 2022 | 03:31 PM

E55Greasemonkey

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This place is a joke.

A car with a limited audience and only useful on a track, without the pedigree of a Ferrari or Porsche supercar.

May 21, 2022 | 03:33 PM

JSwan724

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Quote:

Originally Posted by E55Greasemonkey

A car with a limited audience and only useful on a track, without the pedigree of a Ferrari or Porsche supercar.

In your opinion …..of course. 👍

What would be more fun to discuss/debate is the market for exotics in general .

I subscribe to the position that many buyers are diversifying their investment portfolios by buying these cars where the values will remain essentially flat in these hard times. When the investment and exotic car winds start to blow more favorible, prices will go up and there will be more money to spend

Last edited by JSwan724; May 21, 2022 at 03:43 PM.

May 21, 2022 | 04:11 PM

Orcbolg

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AMG

Quote:

Originally Posted by JSwan724

In your opinion …..of course. 👍

Of course, I didn't see them say otherwise anywhere in their post.

Quote:

Originally Posted by JSwan724

I subscribe to the position that many buyers are diversifying their investment portfolios by buying these cars where the values will remain essentially flat in these hard times. When the investment and exotic car winds start to blow more favorible, prices will go up and there will be more money to spend

I can't imagine people buying at these prices won't be losing money on these, especially as the market worsens. I think it's very wishful thinking to assume otherwise.

May 21, 2022 | 07:00 PM

JSwan724

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Quote:

Originally Posted by Orcbolg

Of course, I didn't see them say otherwise anywhere in their post. My response wasn’t addressed to you. Thanks though.

I can't imagine people buying at these prices won't be losing money on these, especially as the market worsens. I think it's very wishful thinking to assume otherwise.

Stay Tuned you are going to experience a teachable moment.

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May 21, 2022 | 07:21 PM

JSwan724

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You don’t lose anything unless you sell. The market like the ocean will go up and down over time. Timing on decisions is the key.

Last edited by JSwan724; May 22, 2022 at 08:42 AM.

May 22, 2022 | 07:57 AM

#10

Orcbolg

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AMG

Quote:

Originally Posted by JSwan724

You don’t lose anything unless you sell. The market like the oceanvwill go up and down over time. Timing on decisions is the key.

I was disagreeing with the claim that the prices would remain flat during economic downturn.

May 22, 2022 | 09:30 AM

#11

mathechr

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2023 G550, 2020 AMG GTR, 2014 S550, 2024 Denali 3500, 2023 Porsche GT3

Looks like it sold for $550k

https://www.mecum.com/lots/SC0522-51...-black-series/

May 22, 2022 | 12:26 PM

#12

JSwan724

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Quote:

Originally Posted by mathechr

Looks like it sold for $550k

https://www.mecum.com/lots/SC0522-51...-black-series/

Can you tell if the 10% sales commission is included in that price? If so, the bidding on the floor yesterday stopped at $480k and Mecum did an after auction sale and sold the car for possibly $500k plus the $50k commission. A nice upward trend.

May 22, 2022 | 08:20 PM

#13

mathechr

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2023 G550, 2020 AMG GTR, 2014 S550, 2024 Denali 3500, 2023 Porsche GT3

Quote:

Originally Posted by JSwan724

The $550k sold price does not include the 10% sellers fee. In addition, this was a "star" listing which probably added around $1k in additional sellers fees.

May 23, 2022 | 10:41 AM

#14

JSwan724

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Quote:

Originally Posted by mathechr

The $550k sold price does not include the 10% sellers fee. In addition, this was a "star" listing which probably added around $1k in additional sellers fees.

I didn’t know about the $1k star fee. I guess that’s where they share their extensive knowledge about the car. It was funny to hear one guy say that the Black came with a roll bar. He obviously didn’t know they are prohibited in the US. Also they didn’t seem to know that only 371 Blacks were imported into the US out of the 1,700 built.

I’m sure they will be more informed as time passes.