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There's so much "funny money" out there, looking for somewhere to "invest" it, that suddenly things that should have little value are very expensive.
Makes one wonder, is this an indication of the actual value of this 928, or an indication of the value of the dollar?
The beginning of the fall of German currency in 1923 (wheelbarrow full of DM to buy a loaf of bread) had things like this occurring, beforehand!
Makes one wonder, is this an indication of the actual value of this 928, or an indication of the value of the dollar?
I was having an interesting conversation with some movie fanatic friends of mine today, they watched the auction (these are folks who see cars as appliances, couldn't tell a 944 from a 928 if their life depended on it).
They thought the price was low for such an iconic and rare movie prop. To them this sale has nothing to do with 928's, Porsche, or cars in general. This was purchasing an actual character in a movie and after they started pointing out other record movie prop sales, I see where they are coming from.
$5.3 million for Robbie the Robot prop in 2017, $2.6 million for an R2D2 made from spare parts also in 2017. Marilyn Monroe's "subway dress" sold for $4.6 million back in 2011, Julie Andrews dress from Sound of Music sold for $1.3 million in 2013, and a dress from My Fair Lady sold for $4.5 million in 2011.
The piano from Casablanca went for $3.4 million in 2014 and $4 million for the Maltese Falcone prop used in the movie back in 2013.
Movie memorabilia collectors spend ridiculous amounts of money on this stuff. At least with this 928 you can take it to shows (and probably get paid to do so) versus some dress that you do what with?
People pay hundreds of thousands of dollars (a couple over a million) for comic books.
Poking around about this subject I was reminded about the Shelby Super Snake. Sold earlier this year for $5.5 million which was $400k more than the previous sale in 2015, but the same price it sold for in 2007. Adjusted for inflation it went down in value since 2007.
My Grandpa can ‚t finish university in Berlin because of hyperinflation. Must be interesting times.
Born 1899, died 1994.
the invention of the car
ww1
hyperinflation
worldrecession
*****
ww2
cold war
Marshall plan
New German democracy
businesswonder germany
flying to the moon
end of cold war and reunion of Germany
computers
I was having an interesting conversation with some movie fanatic friends of mine today, they watched the auction
<snip>
They thought the price was low for such an iconic and rare movie prop.
<snip>
Were they aware though that the 1979 928 being auctioned wasn't the main car in the movie (as was claimed) and in fact 'only' a fill car?
The main car used for the movie was a 1981 automatic that was sold and exported in 1984.
Scarface was released in 1983, so this 85 wasn't that car. But of course, you already knew that.
I would not sell a 928 at BJ. Not the right audience. Gooding, Bohnams, or RM is the best place for the traditional auctions, and BaT is an exceptional platform for 928's on the online forum. The Risky Biz car is a celebrity car - a data point of one. BJ has always been a great platform for those kinds of cars. The Risky Biz car is not reflective of 928 values, only star car values. It could have been a 944 driven in the movie, and the result likely would have been the same. For BJ auctions of 928's, look at the data - including from last week. Anemic, weak results for what looked like decent cars. The RB car didn't lift those boats at all. Derek Bell's special Club Sport that sold at Bohnams a couple of years back for $283,000 was a more accurate reflection of special configuration 928 values. I think 6 figure 928's are very much a fact, but for the special ones. Like the early 78 silver over pascha car that sold for very strong money at Gooding a couple of years ago.
No doubt 928 values are trending up. I know this first hand. And nobody wants to see that more than me. BJ auction isn't in the conversation though, other than as a quirky talking point. The benefit of it will be to bring a lot more attention to our cars.
It's actually OBJECTIVE;
BULLIT>> Produced on a $5.5 million budget, the film grossed $19,000,000 in 1968, Risky Business was a critical and commercial success, grossing more than $63 million against a $6.2 million budget.
I don't think inflation back then is going to get you there chief.
I liked Bullit as a kid when I bought into his bs image, but he is over rated. If you ever see a real recent documentary on the guy you will learn what an *** he was, beating the **** out of women mercilessly and a pain to fans. Cruise has his own issues, but he has made blockbuster after blockbuster. I have never watched Risky Biz just scenes.
a nice 928 beats the hell out of any mustang and I am a huge fan of BOSS mustangs
An example: Objective: Risky Business is on television. Subjective: I love the movie
Scarface was released in 1983, so this 85 wasn't that car. But of course, you already knew that.
...The Risky Biz car is not reflective of 928 values, only star car values. It could have been a 944 driven in the movie, and the result likely would have been the same.... .
Right here I got Jake Ryan's 944 from Sixteen Candles. I'll let it go for $100K
Yep that's exactly how it went down. All the kewl kids say YOLO now'a days.
Someone in their 40's who is successful and perhaps hit IPO/ BITCOIN / NFT lottery remembers watching that movie with a friend and it made and impression on them, just one of those moments in a young mans life. I bet that friend was the first call / txt / snap, and went something like this "Bro, remember when we watched Risky Business in my parents basement, guess what I just did"
Personally speaking, I've paid too much for Iconic things I've wanted to own but by the order of thousands, just did it again recently for something with 6 wheels but it was in my league so it wont change my lifestyle, YOLO. I
Last edited by icsamerica; 09-20-2021 at 03:19 PM.
Were they aware though that the 1979 928 being auctioned wasn't the main car in the movie (as was claimed) and in fact 'only' a fill car?
The main car used for the movie was a 1981 automatic that was sold and exported in 1984.
It's still from the movie and once that "fact" is established, it's cannon and the rest is history.
The General Lee that sold for $9.9 million in 2007 was never in the show, ever. It was a replica built years later being sold by John Schneider and was signed by the cast members.
You start down this rabbit hole you'll discover this kind of sale is nothing new, we're only talking about it since it's a 928. Had they used a Mercedes, Jaguar, BMW etc... coupe instead, probably would have sold for similar money and none of us would care.
Aside from movie props, the classic car market has had spikes before. The late 80's super-car boom was fun to ride, the market softened (some say crashed - especially Jaguar) and recovered a few years later, until the dot.com boom / bust....then housing crash. It's all doom and gloom until it isn't, then it is again..... Rinse / repeat.
The big difference from years past is the world is a much smaller place now. Buying / shipping a car from around the globe is significantly easier than it was even a few years ago and will keep getting easier / cheaper. The "25 year import rule" is a boom for overseas car collectors looking to cash in on Americans buying quirky foreign cars.
As for the Steve McQueen / Tom Cruise debate going on.
Steve was the highest paid actor by 1974
Tom Cruise actually raced with Steve's nemesis Paul Newman
Adjusted for inflation Bullitt / Risky grossed $150 million / $173 million respectively
Steve McQueen LeMans / Tom Cruise Days of Thunder (does James Garner get an honorable mention here?)
Steve was a target for the Manson Family while Tom Cruise jumped on Oprah's couch.
09-20-2021, 02:22 AM
(does James Garner get an honorable mention here?)