REAL ONE Posted April 27, 2014 Report Share Posted April 27, 2014 I was told that a '09 red KR was a no sale at Mecum today at $63,000.00. Seller refused to take reserve off. Anyone have more info? Link to comment Share on other sites More sharing options...
cobra567 Posted April 27, 2014 Report Share Posted April 27, 2014 A black one with 1600 miles sold for $55,000 Link to comment Share on other sites More sharing options...
Torch40 Posted April 27, 2014 Report Share Posted April 27, 2014 I was told that a '09 red KR was a no sale at Mecum today at $63,000.00. Seller refused to take reserve off. Anyone have more info? It was being sold by a dealer. Only had 150 miles on it. They tried to sell it originally for 120K. That would explain why it sat for so long. Link to comment Share on other sites More sharing options...
Torch40 Posted April 27, 2014 Report Share Posted April 27, 2014 A black one with 1600 miles sold for $55,000 Not at Mecum - Kansas City. Link to comment Share on other sites More sharing options...
REAL ONE Posted April 27, 2014 Author Report Share Posted April 27, 2014 Thanks. $63k was likely a little low for a red with only 150 miles but If he wanted $120k sounds like this dealer wants and expects too much right now. $120k was reality in 2007 and not likely again for a long time. If the number hit $65k that would have been the right number and if he took the reserve off it might have got there but agaain he likely wanted way more. Link to comment Share on other sites More sharing options...
ShelbyKR664 Posted April 27, 2014 Report Share Posted April 27, 2014 Either way, $55k and $63k is better than $45k. A 17 mile black KR just popped up on Ebay for $85k. The often listed Vista Blue one is the same price. I get a sense the delivery mile KR's are increasing slightly. Still along way from MSRP though. Link to comment Share on other sites More sharing options...
svttim Posted April 27, 2014 Report Share Posted April 27, 2014 55 was a dealer in Kansas, it was a Mecum auction. Link to comment Share on other sites More sharing options...
cobra567 Posted April 27, 2014 Report Share Posted April 27, 2014 Not at Mecum - Kansas City. All I know is that it was on the Mecum broadcast yesterday. Link to comment Share on other sites More sharing options...
Captain Beyond Posted April 28, 2014 Report Share Posted April 28, 2014 Either way, $55k and $63k is better than $45k. +1 If sellers would stop giving away their cars, maybe they would hold their value better. Link to comment Share on other sites More sharing options...
REAL ONE Posted April 28, 2014 Author Report Share Posted April 28, 2014 +1 If sellers would stop giving away their cars, maybe they would hold their value better. Amen. Sellers need to appreciate the fact there are only 1600 of these cars on the planet divided into just 4 color groups and one of 3 pre title Shelbys produced since the 60s and likely the LAST pre title Shelby that will come out of SAI. One of the nicest looking Mustangs to boot. These cars are under valued right now and should and will one day command more than Super Snakes. Mho. I also believe that Vista blue and Torch red KRs will command a premium based on there very low production numbers. Link to comment Share on other sites More sharing options...
Torch40 Posted April 28, 2014 Report Share Posted April 28, 2014 All I know is that it was on the Mecum broadcast yesterday. You may have been watching a replay of a past auction on Velocity. They ran the replay at the same time. Link to comment Share on other sites More sharing options...
SNKBITE Posted May 5, 2014 Report Share Posted May 5, 2014 +1 If sellers would stop giving away their cars, maybe they would hold their value better.I'll give you a second "Amen"! You should see how some of the 40th's have been given away lately, with a number even more limited than the KRs. Link to comment Share on other sites More sharing options...
Torch40 Posted May 5, 2014 Report Share Posted May 5, 2014 All I know is that it was on the Mecum broadcast yesterday. Okay this was bugging me so I looked it up. It was sold at the December 2013 Mecum, Kansas City. 55K plus 8% commission http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=KC1213-169834&entryRow=640 Link to comment Share on other sites More sharing options...
REAL ONE Posted May 6, 2014 Author Report Share Posted May 6, 2014 I'll give you a second "Amen"! You should see how some of the 40th's have been given away lately, with a number even more limited than the KRs. The 40th is a "nice" car but it's not even in the same orbit as the KR. Not even close. I do agree that prices are all over the place making it difficult to get what the car is worth. There are too many idiots throwing their Shelbys under the bus price wise and that guy dumping his 40th on the other thread is part of the problem. KRs should be bringing at least $20k more than 40ths all day long. The market is really really out of whack exactly because of guys like that. Link to comment Share on other sites More sharing options...
frank bullitt Posted May 7, 2014 Report Share Posted May 7, 2014 I imagine the same thing happened in the early 70's with the 67/68's. Link to comment Share on other sites More sharing options...
ShelbyKR664 Posted July 28, 2014 Report Share Posted July 28, 2014 This past Saturday at Mecum Harrisburg, a RED KR, 740 miles sold for $48k. Very low CSM# too. That is what I consider legal theft. Lot S83.1 // Harrisburg 2014 // July 24-27 2008 Shelby GT500KR5.4/540 HP, 6-Speed, 740 Miles $48,000 Link to comment Share on other sites More sharing options...
eagledriver Posted July 28, 2014 Report Share Posted July 28, 2014 That red KR at HBG mecum- 08KR0026 pristine! The new owner is a great guy and a real enthusiast- he found the perfect car at the perfect price! Link to comment Share on other sites More sharing options...
REAL ONE Posted July 28, 2014 Author Report Share Posted July 28, 2014 For owners this is a very very disappointing number. For the new owner of this car an unbelievably fantastic number. My sense from the history of Red KR's at Mecum (there have only been 4 since 2009 of which 3 were no sales, one at $50K and one of which was a no sale at $63K .This one sold in Harrisburg PA, not a big money venue for $48K. The seller was likely very motivated and wanted to dump the car. Another is scheduled in August out in California. I know the reserve on California KR is well above $48K. Clearly a better sellers venue. I would never put a car like that for sale in Harrisburg. There is no way I would EVER entertain selling my Torch Red KR for $48K and it has 2700 miles on it. I'd turn it into a potted plant holder first. Link to comment Share on other sites More sharing options...
NZ Shelby KR Posted July 28, 2014 Report Share Posted July 28, 2014 For the buyer, would the final price paid not be....48k plus 6% buyers premium = 50880.00 actually paid or have I got this wrong? Link to comment Share on other sites More sharing options...
ageishecker Posted July 28, 2014 Report Share Posted July 28, 2014 Buyer's premium at that auction was 8% so buyer actually paid $51840. The seller also gave the auction house 8% of the $48000. Link to comment Share on other sites More sharing options...
NZ Shelby KR Posted July 28, 2014 Report Share Posted July 28, 2014 $51850 is the real amount it owes the buyer? Link to comment Share on other sites More sharing options...
ageishecker Posted July 28, 2014 Report Share Posted July 28, 2014 This auction had an 8% buyer's fee and an 8% seller's fee. The hammer price was $48000. The buyer paid the auction house $48000 PLUS $3840 fee. The seller received from the auction $48000 MINUS $3840. So the buyer was willing to pay $51840 and the seller was willing to let the car go for $44160. The seller controlled the reserve and could have taken the car home if he wanted to. Link to comment Share on other sites More sharing options...
NZ Shelby KR Posted July 29, 2014 Report Share Posted July 29, 2014 Still confused here, 8% of 48000 is 3840. Then 48000 plus 3840 is 51840. Am I working this out wrong. Link to comment Share on other sites More sharing options...
ShelbyKR664 Posted July 29, 2014 Report Share Posted July 29, 2014 Either way Mecum made some easy money and the buyer made out. Seller was the big loser on this one. Glad the new owner is an enthusiast. He bought what appears to be a great rare car. Link to comment Share on other sites More sharing options...
REAL ONE Posted July 29, 2014 Author Report Share Posted July 29, 2014 A very very good buy for the buyer. Seller threw his car under the bus as far as I'm concerned. Link to comment Share on other sites More sharing options...
ageishecker Posted July 29, 2014 Report Share Posted July 29, 2014 Still confused here, 8% of 48000 is 3840. Then 48000 plus 3840 is 51840. Am I working this out wrong. My mistake. I corrected my post. Link to comment Share on other sites More sharing options...
Stalwart Posted July 29, 2014 Report Share Posted July 29, 2014 My red '09 KR just sold to Sam in New Zealand, from another KR Thread. People kept bugging me with stupid lowball offers like "Will you match the price of this silver one . . ." Sam will get a completely unmolested zero damage car with 3300 miles, plus a full set of NOS KR wheels & tires, spare KR CF splitter, spare stripes and a Shelby cover (never out of the bag) and a few other goodies. I'm not telling the price but he can if he wants, it gets loaded into the container this week. We'll miss it, especially my wife but we didn't drive it enough to warrant keeping it. Link to comment Share on other sites More sharing options...
twobjshelbys Posted July 29, 2014 Report Share Posted July 29, 2014 That Mecum Harrisburg car was well bought car. Link to comment Share on other sites More sharing options...
ShelbyKR664 Posted July 29, 2014 Report Share Posted July 29, 2014 If I ever see a Vista Blue KR up for auction at any Mecum event, I will attend. Seems like Mecum is a dumping ground for KR's. Link to comment Share on other sites More sharing options...
Cali_KR Posted July 29, 2014 Report Share Posted July 29, 2014 If I ever see a Vista Blue KR up for auction at any Mecum event, I will attend. Seems like Mecum is a dumping ground for KR's. I think that had more to do with a desperate seller and venue location....jmo Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.