Where are all the negative Nellies that poo-poo'd me as if I was crazy when I said $42k? If I recall, only 1 person saw what I was seeing and wished it does more.
Well..... It did!
(And YES..... It will have an effect on future pricing of Fieros)
Where are all the negative Nellies that poo-poo'd me as if I was crazy when I said $42k? If I recall, only 1 person saw what I was seeing and wished it does more.
Well..... It did!
(And YES..... It will have an effect on future pricing of Fieros)
To be honest, I know you have a few rare Fiero's as well and I was wondering if you were going to bid on this car. I'm amazed and actually happy I was WAY off in that other thread. I believe I thought this car would only bring 20k but like you have said before, it's worth whatever someone pays.
I don't even remember the amount I said I'd bid on it but it was way more than what many people said. It being the last Pontiac built Pontiac is historically significant.
To be honest, I know you have a few rare Fiero's as well and I was wondering if you were going to bid on this car. I'm amazed and actually happy I was WAY off in that other thread. I believe I thought this car would only bring 20k but like you have said before, it's worth whatever someone pays.
No, this one was not in my wheelhouse. I was after Earl's Pearl. I knew this GT was going to go for quite a bit but never figured $90k. My number of $42k was based on current affairs due to Covid and it's effect on the economy. It is a great day for Pontiac and Fiero collectors.
I don't even remember the amount I said I'd bid on it but it was way more than what many people said. It being the last Pontiac built Pontiac is historically significant.
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Originally posted by sourmash:
In the right auction 30Kish would be well bought. It's the number that came to mind in this lesser economic situation. $31,200 would be my bid in this auction. In a bigger presentation it would go for more.
I know nothing of the advertising of this auction house to be able to portend an outcome, but it would be worth a 30k bid to me if I were in.
Yes, I was the one who sought out and bumped the thread, and was one countering those dogging it as only a 20K car. Thanks for ignoring that fact. You should've included the context instead of alienating one who supported a higher price for the car of historical importance. No good deed goes unpunished.
Since someone is distorting the context, let's revisit the actual discussion. /rolleyes NOBODY got close to the actual hammer price. Fieros and dogs are fine. It's the owners that can be sketchy.
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Originally posted by IMSA GT: 20K if they're lucky.
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Originally posted by andreww: Well, I think the highest sale price I've seen was a little over $20K if I'm not mistaken. So the question is, how much does being "the last Fiero" add to the price? In my opinion, very little.
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Originally posted by Dennis LaGrua: What this final Fiero will sell for is a very big question. The 88 model year has appeal but the auto setup may not. From sitting so long the car cannot be considered a driver but would make a good museum/collector piece. As for value; this is not that rare a car, but it does hold historical significance. I'll take a wild guess and say that if the right buyer is in, it will sell in the area of $18K-$23K but it would not surprise me if the bidding goes to $25K.
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Originally posted by sourmash:
If it sells for 30k or 42k no other Fiero is worth that much just for being a similar condition 88GT in the identical condition. Let's grenade that idea for anyone reading who might want to inflate their car's value to a one of kind situation that they will not have. The last Garand is worth more than the previous ones in the same block. The last Gibson Les Paul will be worth more than any other similar Les Paul made in the year when they stop making them.
Jay Leno, or a Jerry Seinfield are the players in this field, not just Joe Sixpack. Jay and Jerry are using your money to buy.
Since one of these has never been sold before you can't directly compare. But I guess you can look at those and add the premium of the following: it's really the last Pontiac off the Pontiac line and also happens to be the last Fiero (a GT too), so it completes the legacy of the performance era for Pontiac with a pretty 'neat' additional detail of being a desirable GT Fiero of the last made in perfectly original condition. In the right auction 30Kish would be well bought. It's the number that came to mind in this lesser economic situation. $31,200 would be my bid in this auction. In a bigger presentation it would go for more.[/b]
I know nothing of the advertising of this auction house to be able to portend an outcome, but it would be worth a 30k bid to me if I were in.
[This message has been edited by sourmash (edited 11-07-2020).]
Along with many I was also way off on my estimate. I am a driver rather than just an owner so my interests overshadowed my thoughts on what true collectors would pay. Congratulations to Mr Fred Bartemeyer and to Mike Kelly who reaped a very good reward for his time at the Fiero plant. Now for the final trivia questions. Two end of line Fieros were raffled off and given away when the Fiero plant shuttered. The one in the auction (now Freds) was the very last one produced Who has the other with one serial number lower given to Louis Manley?
Interesting. I haven't really been following this, as I'm really not interested in anything that I couldn't drive - or would be afraid to drive. (As if I could ever afford such a car.) I never would have expected it to go as high as it did. I wouldn't have been surprised at $35-45K, however.
But I offer my congratulations to Fred. He ought to open a museum.
And yeah... This has likely placed the Fiero "front and center" in the eyes of future collectors. (Grab 'em before the prices go nuts.)
Auctions are a fickled thing You seldom can predict them as depending on how shows up to bid makes all the difference.
If two strong bidders show up you get a high result like this. Next week if the winner should put the same car to auction he may only have one bidder with much different results.
They had marketed this auction well and it worked as the auction house had hoped.
I recall a Chevelle SS drag car that went for well over a million that sold two years later for much less.
I know with Fred he is buying here not for profit but for preservation. He will be ok here thought I am sure he wish it had sold for less.
Well if anything now it is not only the last Fiero but the highest price ever paid Fiero too. The important thing is it is in good hands and will be seen vs just put away in some a Obscure collection never to be seen again.
Fred the black Porsche Eater is in Europe still in the 1985 trim. It is in a museum. Time for it to come home! Just saying if you need a new target! Lol!
Honestly that is the one inspired my build and I was thrilled to know it survived with the 2.9. I hope it comes back to America some day.
$90K is simply a ridiculous price to pay in my opinion. Does this reflect on the overall value of our cars? Definitely not. This car fetched $90K because it was the last off the line and has been well preserved, not simply because its a Fiero. Without that tag, its still a $20K car. I think the new owner may have a hard time getting his money back out of this thing, but I guess if you've got the money, that may not matter to him. Its a great car with a great story and I'm glad it went to a member of the Fiero community.
$90K is simply a ridiculous price to pay in my opinion. Does this reflect on the overall value of our cars? Definitely not. This car fetched $90K because it was the last off the line and has been well preserved, not simply because its a Fiero. Without that tag, its still a $20K car. I think the new owner may have a hard time getting his money back out of this thing, but I guess if you've got the money, that may not matter to him. Its a great car with a great story and I'm glad it went to a member of the Fiero community.
The one thing it did accomplish is that it placed the Fiero "front and center" in the vision of a bunch of collectors. Most Fieros are still relatively inexpensive. But at least some of those collectors must be thinking, "Hmmmm..."
Me? I couldn't care less. I'll likely never buy a car that I would be afraid to drive on the street. And I don't plan on selling either of mine, anytime soon. Unless it's to buy something else to play with.
Here is what Cheri Alexander, had to say on Linked in in response to the post I made there about the last Fiero selling for $90k. "Best car, best plant ever! My plant!!!" Cheri was Executive Director Global Human Resources for General Motors from 2004-2007 and is a mentor to Mary Barra. Cheri is a link of mine on Linked in. She used to own a Fiero and even had it on her Facebook page. She emailed me recently and mentioned she is looking to buy another Fiero. For what it's worth, Mary Barra even owned a Fiero at one point.
[This message has been edited by gtjeff (edited 11-10-2020).]
