McLaren 675lt sold for £100k?

[ISLEOFSTAR]

Is this a bad day at the auction or is the market really that bad? I didn't hear if it has a reserve on it or not, just said sold at £100k. I'm watching this is live on YouTube.

[ATM]

Market is bad

Everyone and everything getting squeezed by higher rates

[Matt p]

Harry M did a quick piece on this 675LT while walking the floor. IIRC it was 30K+ miles but guided a lot higher than the sold price of £100k. Add in auction house fees etc and it does still seem a real bargain.

[Sway]

Mentioned on the Harry's Garage thread that it's an ex driving experience car.

Market is definitely dropping though.

[Matt p]

Still looks like people have very deep pockets for anything Ford related.

[ISLEOFSTAR]

Matt p said:

Still looks like people have very deep pockets for anything Ford related.

You're not kidding, this did better than the McLaren.

[andy ted]

Don’t think the McLaren sold at £100k did it? Surely would have had a reserve?

[andy ted]

ISLEOFSTAR said:

Matt p said:

Still looks like people have very deep pockets for anything Ford related.

You're not kidding, this did better than the McLaren.

Or a white escort cosworth (under 3k miles) went for £180k I think?

[robemcdonald]

ISLEOFSTAR said:

Matt p said:

Still looks like people have very deep pockets for anything Ford related.

You're not kidding, this did better than the McLaren.

It’s a rarer car with lower mileage and given the engines need to be rebuilt every 20k probably more reliable than the McLaren…..

[Glenn63]

andy ted said:

ISLEOFSTAR said:

Matt p said:

Still looks like people have very deep pockets for anything Ford related.

You're not kidding, this did better than the McLaren.

Or a white escort cosworth (under 3k miles) went for £180k I think?

I think the Escort went for £205! I thought they were a bit cool back in the day but over £200k is insanity to me.

[br d]

That's half the cheapest one on PH, must be a proper dog.

[FourWheelDrift]

Is it at the wrong auction? It's not what I would call a classic. So not in front of it's target buyers.

[MattsCar]

If it is a driving experience car, it has probably had 3,000 + backsides on the drivers seat.

I think this is what would concern most.

[ISLEOFSTAR]

MattsCar said:

If it is a driving experience car, it has probably had 3,000 + backsides on the drivers seat.

I think this is what would concern most.

Watched Harry's Garage again and checked the website.

1 owner from new, 37,000 miles

[Sway]

ISLEOFSTAR said:

MattsCar said:

If it is a driving experience car, it has probably had 3,000 + backsides on the drivers seat.

I think this is what would concern most.

Watched Harry's Garage again and checked the website.

1 owner from new, 37,000 miles

That doesn't suggest who that one owner was!

[andy ted]

Glenn63 said:

andy ted said:

ISLEOFSTAR said:

Matt p said:

Still looks like people have very deep pockets for anything Ford related.

You're not kidding, this did better than the McLaren.

Or a white escort cosworth (under 3k miles) went for £180k I think?

I think the Escort went for £205! I thought they were a bit cool back in the day but over £200k is insanity to me.

I forgot about the fees! Crazy money

[ContactName]

I don't think it sold. It's still on as buy it now at £161K

I think there was some discussion about it on one of the McLaren threads when it was on Autotrader (where it sat for a very long time) and there was talk about it needing a significant amount of work and having been rejected by some of the usual specialist sellers?

No idea if that's true but worth checking out.

You'd have to be brave/ desperate to buy a car like this except from a main dealer or one of the specialists like Alistair Bols etc.

[ISLEOFSTAR]

ContactName said:

I don't think it sold. It's still on as buy it now at £161K

I think there was some discussion about it on one of the McLaren threads when it was on Autotrader (where it sat for a very long time) and there was talk about it needing a significant amount of work and having been rejected by some of the usual specialist sellers?

No idea if that's true but worth checking out.

You'd have to be brave/ desperate to buy a car like this except from a main dealer or one of the specialists like Alistair Bols etc.

I found it on Exclusive Car Registry https://exclusivecarregistry.com/details/mclaren/6...

[ChocolateFrog]

MattsCar said:

If it is a driving experience car, it has probably had 3,000 + backsides on the drivers seat.

I think this is what would concern most.

Probably not a bad guess at 10 miles or 3 or 4 laps per punter.

That's assuming it was a track rental.

Edited by ChocolateFrog on Saturday 9th November 17:44

[samoht]

ContactName said:

I don't think it sold. It's still on as buy it now at £161K

Indeed https://www.iconicauctioneers.com/2016-mclaren-675...
so no big news, just another case of an auction car not making reserve, as happens to about half of them.