Market Intelligence
What to learn from Auctions. Useful and enjoyable
Before wrapping up 2023, Cliff Goodall unearthed a range of intriguing and enlightening scenarios from this year’s auctions, tailored for those keen on the occasional “dream” purchase.
Cliff Goodall’s view
Although we methodically followed all the major auctions in 2023, before diving into 2024 (with Kissimmee already underway...), we want to revisit some notable highlights from the less-publicised auctions of 2023.
First up, during an online auction held between 26th April and 8th May, the hero car from Fast and Furious 4, modified by Kaizo Industries and driven in the film by the late Paul Walker, shattered every record for the Nissan Skyline R34 GT-R. The car was located in Belgium but was offered in dollars (hinting at its intended audience). While a standard model might cost around $150,000-$180,000, this one’s staggering $1,357,000 sale price was off the charts. We now know that great classics – from James Bond to Bullitt – have about a 9x multiplier, so further price surges for this vehicle won’t be surprising.
