quote:
Originally posted by Joules5:
Oh, surprise it bid all the way up to just under $400K and now it's finished all bids have cancelled....
Well, if I had a car of that caliber and want to find the
real current market value, meaning not a number listed in a guide but what a buyer would be ready to pay, I might do the same thing.
At the same time, if I was a guy wanting to sell in a bad market. A preliminary "auction" where the price is artificially inflated and publicized at 400K may look like a "deal" a month later for only 350K to the gotta-have-it-now more-money-than-brains crowd. Seriously, these guys are out there. 250K for a customized '58 Vette? Sometimes love clouds the big picture. I have a friend that is a die-hard Mopar guy, with a hardon for 'Cudas. Currently he has 4, 2 AAR's, a '70 440-6, and an every-option (sans hemi) dealer demo '71 convertible. In his mind these cars will never depriciate, I think he bought at the peak of the market.
But who am I to talk. They say the car hobby is for two types, the rich and the foolish.........and I sure ain't rich.