Wall Street Motorsports launches auction site with Ken Block's 2002 Subaru STi
New auction site quietly kicks off with a bang...
I'm going to be the first to admit that I was completely oblivious to today's launch of Wall Street Motorsport, a new auction site dedicated to fun and obtainable dream cars. They look to be yet another auction site that takes a bite out of the market share dominated by Bring a Trailer and Cars & Bids. I was casually scrolling through my Twitter feed when suddenly: Ken Block tweeted that one of his former rally cars was up for bid on this new site. It's not just any old Ken Block rally car either, it's this one:
This is his 2002 Subaru STi that he raced to his very first victory at the 2006 100 Acre Woods rally. This is the car that jumped for a record setting 171 feet. This is the car that launched Ken Block into super-stardom. This is an opportunity of a lifetime for any modern-rally fan or collector.
Yes, it wears the face of a 2006 'Hawk Eye' Subaru STi, but it is most certainly a 2002 model. It's packing a 304hp Group N-spec 2.0 L boxer. The car was fully prepped by Vermont SportsCar, complete with full FIA rollcage, Group N turbo upgrade, brakes, suspension, skid plates, and gravel tires. Wall Street Motorsports will also be donating the buyer's fee from the auction to Make-a-Wish Foundation, by request of Mr. Block.
So how does Wall Street Motorsports hope to set themselves apart from other auction sites? Their inaugural blog post indicates that they're more than happy to take a smaller piece of the pie with selling fees. They're going to charge a 3% buyer's fee, as opposed to BaT's 5%, with a cap of $3,000. Sellers can also list their car for free, but can opt for a "rush auction" for a 2% fee based on the final selling price. I'm very excited to add yet another site to my daily auction browsing, and with RAD4sale around the corner, I'm not going to have any choice but to buy something!
Watch this auction on Wall Street Motorsports.
Top bid is $49,000 with well over 8 days left in the auction