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Cars We Drive! - Page 1422
In Cold War days there was a joke going around East Germany.
It seems that there was a rancher in Texas who had heard about how hard it was to buy a Trabant, with 8-year waiting lists, etc., that he insisted on getting one for his collection.
The East Germans were so thrilled to be on the other end of a hard-currency trade that they rushed him to the factory for a personal tour, and sent him home with a car after he wrote a check.
He never stopped bragging about it to his friends. He'd say that not only did they give him VIP treatment during his visit, but they even sent him home with a cardboard model to use until the real one came.
Not sure. I was at a very high end restoration shop with the Porsche club a few weeks ago, and they said they thought the market had plateaued for now with regard to anything other than ultra rare top quality cars.
However, there have been a some strong examples of sales of Porsches. Supposedly, a 5 speed 928GTS recently sold for $132K at Bonhams (and it had been in an accident at one point and the repair wasn't great). In addition, a 964 Turbo 3.6 S Flachbau (sort of a slant nose with 968/928 headlamps) sold for $1 million at Gooding this past weekend. Granted all it takes at an auction are two guys with more money than brains to bid well beyond what the car is worth.
With spring just around the corner it will be interesting to see what happens to the collector car market.
And most of the cars sold for below estimate, which I think was $24-28mm based on Gooding's numbers, compared to the $22mm achieved.
FWIW, several (nicer, lower mileage) Flachbaus have sold for more than the price of the Seinfeld car.