La rivista e il marketplace globale per gli appassionati di auto d’epoca, creati da appassionati.
La rivista e il marketplace globale per gli appassionati di auto d’epoca, creati da appassionati.
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Old Boys Chatwork
Prior to the November 21 sale RM Auctions and Sotheby's rolled out a massive pr-campaign for their first New York auction. Clever thought to jump in the timelapse between Pebbles and Amelia. Superb central Manhattan location, First class cars, High end valuations. And then pray and wait hoping the bidders won't sit on their hands. Well that's not the way they work at RM. They want full buyers attention and their hands high up in the sky.
So as a last brilliant set-up to have the buying collectors on their side, they invited six classic car celebs: Sam Mann, 'professional' Best of Show winner at Pebble Beach; Miles Collier, massive automobilia and car collector; Peter Mullin, collector of Bugattis and Museums; Moray Callum, car designer at Ford Motor Company; Michael Furman, car catalogue photographer; and finally Leslie Keno, american furniture (?) specialist of Sotheby's.
These guys had to explain to the crowd of 700 that some cars are not meant for transportation but should be pinned at the wall in a museum. Which is true to a certain degree and this assumption also will help high end auction prizes get nearer to the prices of commonly accepted for high end contemporary art. In terms of weight/price ratio the Art of the Automobile is still very cheap compared to that of paintings. But instead of bantering for ever on this expert symposium, we think that it is a great idea to have a meet & greet and chat with independent experts prior of any car auction. It will help prevent buyer remorse and help true collector gems to get more into the light.
(Photo courtesy RM Auctions - Sotheby's, pre sales Symposium and New York Sales Results)
Pubblicato:
sabato novembre 23rd, 2013
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Commenti
Sconosciuto
24 Novembre 2013, 15:06
Well done. A nice meeting with the clear intention to get more out of us. That's how passion should be....
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Sconosciuto
24 Novembre 2013, 12:17
By 'prizes', I presume you mean 'prices'... And as far as cars as art pinned to walls instead of able to be seen close up, what better example than in the new Riverside Museum in Glasgow, home to the previously well housed Glasgow Transport Museum.
This contains a fabulous collection of transport objects but for some reason best known to the new museum's desigers, the cars and motorcycles are mainly exhibited on shelves mounted high the walls and hence out of reach to all but visiting giraffes or circus clowns on stilts.
The building on the other hand is a '£74million masterpiece by Zaha Hadid' (the museum's own words naturally) which in this day and age is frankly an indulgence we can ill afford, although maybe the museum attracts more visitors to see the building than the contents.
Silly of me to think that a museum building should be constructed to show the contents not the building!!
Per saperne di più
This contains a fabulous collection of transport objects but for some reason best known to the new museum's desigers, the cars and motorcycles are mainly exhibited on shelves mounted high the walls and hence out of reach to all but visiting giraffes or circus clowns on stilts.
The building on the other hand is a '£74million masterpiece by Zaha Hadid' (the museum's own words naturally) which in this day and age is frankly an indulgence we can ill afford, although maybe the museum attracts more visitors to see the building than the contents.
Silly of me to think that a museum building should be constructed to show the contents not the building!!
Sconosciuto
24 Novembre 2013, 09:13
Not once in this article, not a single time, do I read the word "passion".
These people aren't old *boys*! An old boy would be a 70-year-old who's smiling as a child on Christmas morning when driving his Austin 7 through the mud on a rainy Sunday.
These people are proper boring grown-ups, one might even call them old gits, who only care about one thing: money.
And money and passion don't mix well.
Every single detail about an old car is relevant and interesting, *except* for one detail: its price. Why? Because the price has more to do with the buyer than with the car itself. The price is what one person is crazy enough to pay for the car -- which sometimes isn't worth that price. And these old gits are turning this whole world upside-down, by making the price the most important detail. For those who don't believe me, just read the mainstream newspaper headlines after a big auction: "New auction record: $... million". Most newspapers will mention the car's brand, some will mention the type (thumbs up on the research, mister journalist!). But what does that article actually say about that car? That some git was crazy enough to pay that sum.
What these old gits were explicitly doing during this "brilliant set-up" (ahem...), was promoting their hobby: collecting money. Pushing auction results to the highest possible limit to increase the value of their own collection. A vicious circle if you ask me.
But what they were *implicitly* doing, was destroying young people's hobby: driving old cars.
Some might say that these high prices only apply to the "Art of the Automobile", and that low-end cars aren't affected by this.
Wrong.
When the expensive cars become even more expensive, the ones just below those become more attractive... and so become more expensive. It all trickles down, yet another vicious circle.
Also, high value always attracts counterfeit. If it's cheaper to build it than to buy it, people will build it. And counterfeits boost the price of the original. Which attracts more counterfeit. Did I already mention the words "vicious" and "circle"?
People who are passionate about old cars don't care about their price. They'll try to buy them at the lowest price possible. The less they pay for them, the more they'll enjoy driving them (you have to admit you'll be less scared about crashing your car if it's worth less than your house, right?). If by any chance they do have to pay a lot for them, they'll keep it quiet, because the price just tells that they're crazy. And when they sell their car, they don't try to make money, they just try not to lose any.
So what will I do? Pray and wait hoping the bidders WILL sit on their hands.
PS: By the way, if any of these old gits wants to prove me wrong, and prove that they're actually an old boy instead of an old git, they can always invite me to come and drive one of their "artworks". Doesn't even have to be on a rainy day. This only applies to the first five, I really have no interest whatsoever in furniture without wheels.
Per saperne di più
These people aren't old *boys*! An old boy would be a 70-year-old who's smiling as a child on Christmas morning when driving his Austin 7 through the mud on a rainy Sunday.
These people are proper boring grown-ups, one might even call them old gits, who only care about one thing: money.
And money and passion don't mix well.
Every single detail about an old car is relevant and interesting, *except* for one detail: its price. Why? Because the price has more to do with the buyer than with the car itself. The price is what one person is crazy enough to pay for the car -- which sometimes isn't worth that price. And these old gits are turning this whole world upside-down, by making the price the most important detail. For those who don't believe me, just read the mainstream newspaper headlines after a big auction: "New auction record: $... million". Most newspapers will mention the car's brand, some will mention the type (thumbs up on the research, mister journalist!). But what does that article actually say about that car? That some git was crazy enough to pay that sum.
What these old gits were explicitly doing during this "brilliant set-up" (ahem...), was promoting their hobby: collecting money. Pushing auction results to the highest possible limit to increase the value of their own collection. A vicious circle if you ask me.
But what they were *implicitly* doing, was destroying young people's hobby: driving old cars.
Some might say that these high prices only apply to the "Art of the Automobile", and that low-end cars aren't affected by this.
Wrong.
When the expensive cars become even more expensive, the ones just below those become more attractive... and so become more expensive. It all trickles down, yet another vicious circle.
Also, high value always attracts counterfeit. If it's cheaper to build it than to buy it, people will build it. And counterfeits boost the price of the original. Which attracts more counterfeit. Did I already mention the words "vicious" and "circle"?
People who are passionate about old cars don't care about their price. They'll try to buy them at the lowest price possible. The less they pay for them, the more they'll enjoy driving them (you have to admit you'll be less scared about crashing your car if it's worth less than your house, right?). If by any chance they do have to pay a lot for them, they'll keep it quiet, because the price just tells that they're crazy. And when they sell their car, they don't try to make money, they just try not to lose any.
So what will I do? Pray and wait hoping the bidders WILL sit on their hands.
PS: By the way, if any of these old gits wants to prove me wrong, and prove that they're actually an old boy instead of an old git, they can always invite me to come and drive one of their "artworks". Doesn't even have to be on a rainy day. This only applies to the first five, I really have no interest whatsoever in furniture without wheels.