{"id":203176,"date":"2017-10-07T12:00:23","date_gmt":"2017-10-07T10:00:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=203176"},"modified":"2017-10-06T15:42:53","modified_gmt":"2017-10-06T13:42:53","slug":"ferrari-mclaren-and-audi-r8-sell-for-millions-at-sa-auction","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/203176\/ferrari-mclaren-and-audi-r8-sell-for-millions-at-sa-auction\/","title":{"rendered":"Ferrari, McLaren and Audi R8 sell for millions at SA auction"},"content":{"rendered":"

A bidder at\u00a0Park Village Auctions<\/a><\/strong>‘ latest\u00a0bank repossessed vehicle auction shaved hundreds of thousands of rands off the price of a 2013 Ferrari 458 Italia, when the super car was grabbed for R3.3 million.<\/p>\n

The Ferrari, which is usually sold second-hand for between R3.5 million and R4.2 million in South Africa, was one of seven luxury vehicles that went under the hammer – with other supercars like the\u00a0McLaren MP4-12C, Audi R8 and even the BMW i8 also featuring.<\/p>\n

“While more buyers turn to car auctions as a means to pick up quality used vehicles at good rates, there is no exception for supercars and classics either,” said Park Village Auctions’ Clive Lazarus.<\/p>\n

Apart from the Ferrari 458 Italia, the next biggest sale was a\u00a02012 McLaren MP4-12C, which sold for just under R2 million, and a 2014 Audi R8, which sold for just over R850,000.<\/p>\n

This is how the repossessed vehicles sold at the auction, compared to their typical sale value (via Autotrader and Cars.co.za):<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
Car<\/th>\nKMs<\/th>\nSecond-hand sale price<\/th>\nAuction price<\/th>\nDifference<\/th>\n<\/tr>\n
2013 Ferrari 458 Italia<\/td>\n14 319<\/td>\nR3 850 000<\/td>\nR3 300 000<\/td>\n-R550 000<\/span><\/strong><\/td>\n<\/tr>\n
2012 McLaren MP4-12C<\/td>\n18 072<\/td>\nR2 700 000<\/td>\nR1 950 000<\/td>\n-R750 000<\/span><\/strong><\/td>\n<\/tr>\n
2014 Audi R8 V8<\/td>\n8 860<\/td>\nR1 350 000<\/td>\nR855 000<\/td>\n-R495 000<\/span><\/strong><\/td>\n<\/tr>\n
2015 BMW M6<\/td>\n27 103<\/td>\nR1 150 000<\/td>\nR800 000<\/td>\n-R350 000<\/span><\/strong><\/td>\n<\/tr>\n
2014 Jaguar F-Type 5.0<\/td>\n21 498<\/td>\nR850 000<\/td>\nR720 000<\/td>\n-R130 000<\/span><\/strong><\/td>\n<\/tr>\n
2015 BMW i8 Coup\u00e9<\/td>\n102 148<\/td>\nR1 300 000<\/td>\nR700 000<\/td>\n-R600 000<\/span><\/strong><\/td>\n<\/tr>\n
2014 BMW M4<\/td>\n38 324<\/td>\nR800 000<\/td>\nR640 000<\/td>\n-R160 000<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

“The prices realised (at the auction) were above expectation and we are pleased with the results given our current economic climate. I believe that these results are indicative of how astute buyers recognise our auctions as a reliable place to invest in clean, low kilometre vehicles,” Lazarus said.<\/p>\n

Ferrari 458 Italia<\/strong><\/p>\n

\"\"<\/a><\/p>\n

McLaren MP4-12C<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Audi R8 V8<\/strong><\/p>\n

\"\"<\/a><\/p>\n

BMW M6<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Jaguar F-Type 5.0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

BMW i8 Coup\u00e9<\/strong><\/p>\n

\"\"<\/a><\/p>\n

BMW M4<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Read:\u00a0The best and worst cars for part prices in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A bidder at\u00a0Park Village Auctions’ latest\u00a0bank repossessed vehicle auction shaved hundreds of thousands of rands off the price of a 2013 Ferrari 458 Italia, when the super car was grabbed for R3.3 million.<\/p>\n","protected":false},"author":10,"featured_media":203192,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[],"class_list":["post-203176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/203176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=203176"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/203176\/revisions"}],"predecessor-version":[{"id":203516,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/203176\/revisions\/203516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/203192"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=203176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=203176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=203176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}