Equipment
5,500 mile car owned by Ari Luyendyk. Euro car, Federalized by Amerispec. Clean and unblemished. First offered Saturday Prime Time as Lot 700.1 with an announcement that B J will be a sponsor of Luyendyks 2001 Indy 500 entry. Hammered sold then for $150,000. Re run at 3 PM Sunday with this result.
Market commentary
The first sale unwound when the buyer objected to the grey market origin, or perhaps had reservations about paying $10K over sticker (almost $11K with commission) for a used car and the grey market was a convenient excuse. Sundays bidding stalled at $138K with the buyer ultimately raising his own bid to $140K to do the deal. One might suspect the buyers commission eventually was something less than the full 8%. With new Modenas regularly bringing $20K over sticker and rarer than hens teeth this price fit the pattern but offers only prospects of rapid depreciation once supply equals demand.