quote:Originally posted by PanteraDoug:
What does it matter who buys them? Five cars well over $200,000, sold is five cars well over $200,000, sold? Where is the argument?
Doug,
Not so much an argument as a discussion around setting a market value. If I went out and paid $500K for a GT5-S is that the new market value? Probably not, but if I bought 5 at that price it may very well be, however I have set that price, not the market.
It's the same if I buy stock 3% (5 of 187) of all available stock in a company which will likely influence the stock price. That in itself creates attention and other investors will buy, but typically once the frenzy is over that stock drops back to a market dictated value. Of course that is the stock market, but investors are getting out of that because of volatility and investing in collector cars. Collector cars have as such become a traded commodity.
We will have to wait and see if the GT5-S commodity is the same, but if you keep buying then you can keep the price high and will own a higher percentage of the available 'stock'!
Wall Street comes to Main Street USA!