THis is great for us. My Dad actually called me and told me about it. lol, He said maybe all the money I sink in my car won't go to waste!
This '93 Red (one of a billion) single turbo, new paint, stock body, went for..................you sitting down?!

$43,000!!!!!!!

This isn't a joke. It was on Speed Wednesday night. This is good news indeed.

 

wow, that's awsome. sure beats $14,000 private seller price... how can one put their car in Barrett Jackson's auction to sell?? anyone??

 

I'm never going to sell my car, so I've never payed much attention to what they're selling for. It is pretty cool that it went for that much, nice to see an FD up there on Barrett Jackson with rare collectables

 

Red FDs always a good guess if you dont know the color beforehand

 

Was there anything special about the car otherwise? For instance, low mileage, built by a respectable shop, etc.? I think it's awesome, but definitely expensive if it's just any other clean single-turbo 7.

 

Wow thats alot of money.

I was thinking recently that we as a forum should make a long term plan to raise the value of our FDs. If we were to say no one should sell a running FD for less than $14k this year, $15k the next and so on.. Since together we own the majority of these cars we could control what they sell for.

 

wonder how much of that 43k actually goes to the owner...

 

In theory that's a great plan, but it just won't work. There will always be owners trying to get rid of problem cars or others strapped for cash looking for a quick sale. Plus, if the price did get raised it would take a lot of potential buyers off the market and make it harder for those selling to actually get rid of their cars. In the end, they'd probably lower the price to hasten the sale and you end up with the same problem.

 

Exactly

And plus our cars arent known to be "high value" cars. People dont wanna spend alot to get the car to spend alot when they get the car LOL.

 

That's really great. Cars at Barrett Jackson are usually flawless though, in terms of mileage, overall condition, quality of the build w/ a reputable shop, ALL paperwork--including original sticker's in most cases; not to sure how many ppl have cars like that.

If it was just a really clean FD with a new paint job and the single turbo then wow!

 

How many registered fd owners ' forum users' vs the 10,000 cars in the US? We would need alot to corner this market.

 

**** that...

for that amount of money i would rather buy a roller and have a turboed 20B put in it!

pull your heads outta your asses, this was just a single time thing where someone with a ton of money liked the lines and feel of the car. people like that are few and far between so don't expect people like this to come around every day.

 

There's two "stock" FD's both with about 70k miles on them selling for $22k & $24k here close to me.

 

Unfortunately your dad is wrong. Only 3 RX7s have sold at Barrett Jackson auctions, all of them at the Palm Beach location. Two 13Bs sold for in the $17,500 - 29,000 range, and the 20B Banzai sold for $48,500 ($53,000ish with commission).

You can search the BJ website for the results: http://www.barrett-jackson.com/aucti...ts/default.asp

 

Im not doubting you, just don't think My pop was wrong. I've had 3 FD's so he certainly knows what they are.

 

If it was this Wednesday, then he saw the repeat of the 2006 Palm Beach BJ auction. Cam Worth/Pettit sold his 20B FD at that event.

 

I think that a car is worth what people are willing to pay for it. A lot of these cars on Barret Jackson are nice but I personally would not spend the money that they go for on the auction block. Perfect example was that prototype that sold for $2 million dollars. I hope that the prices of our cars start to rise as the demand goes up (there is going to be a lot of kids turning 16-18 years old that want these cars) and keep just out of reach for them. That way they will resort to buying the jdm cars that are piles of crap btw, instead of destroying a beautiful car. The fd's in the states are way cheaper than they are up here in Canada. A stock fd goes for $19000-$25000 CDN. My car with all of the mods and money I have spent will not sell for anything under $40000 CDN. You guys may laugh at those prices but thats the way it goes up here.

R.K.

 

selling or sold?

big difference.

often times you get one person who has no clue of value make up an obscene amount, then you have someone who sees this obscene amount and thinks "hey, my car is worth that too then!". it doesn't mean the cars will sell anytime in the near future though but there is always the occasional eccentric person with too much money burning a hole in their pocket at that moment in time and who just won't be bothered to shop around for the same car that is $10k less and probably in even better shape.

ya won't see me getting all hyped up because an immaculate FC sells for $20k, because i know my car is worth probably $10k max to even the right buyer. point is, there is still plenty of FDs out there and only so many people with tons of money and interest. i see these threads in the third gen section weekly where you guys get all pumped that the prices of the car is moving up, it's like buying a home and the price will fluctuate but you really just don't know what the future holds.

what if Mazda does reintroduce the turboed 7 in a number of years? do you think the price of your car will appreciate then? you just never know.

sorry to burst your bubbles but KBB is pretty much spot on, even highly modded FDs rarely go for more than $20k, you can search that and prove it for yourself or you can only look for what you want to see and pick out only the ones that do sell for more than that. truth is stock FDs sell better than modded ones because of personal value and money invested, modded FDs are better put back to stock and the aftermarket parts sold seperately, you just don't get what you paid for when you modify a car that is why it is best to only modify it if you plan to keep it.

 

A car is worth whatever some one else is willing to pay for it at the time of sale. The is no bubble to burst.

 

that is absolutely true, just i see many people taking extreme examples such as this one to try and think of their value much higher than the reality will be when they actually do try to sell it.

take stans FC in the bay for example, it is an extraordinary example of a modded FC with tons of time and money invested and he is having a hell of a time getting just over $10k for it, even if you add in a base value of an FD at $10k over an FC you still come up with the same result- a nicely modded car for a fair price with little to no interest. you can ask for the moon and you may get it but you may be older than the moon by the time you do finally get it.

 

these people are ridiculous, they could of built a way better rx-7 than the one they bought, i just don't get it--nowadays people just want to buy power and not make it.

 

The Pettit car is Black though.....not red.

 

Yes, this is true. A red RX7 has never been sold via Barrett Jackson. Check it out at their site. On the Wednesday discussed in this thread, I swa the rerun of the auction also. Pettit's car sold then.

 

IIRC BJ makes 8% from both buyer and seller - so a 50K bid, buyer pays 54K, seller gets 46K.. Not a bad racket, especially when you add on price to attend and all the extras..