Not being all that conversant in the auction culture, I heard one of the
Speed announcers say something that might help explain it.
It seems that on the auction floor there are something like 4,000 bidders,
(all previously approved and with an insane amount of money in their
pockets) vying for about 1,100 cars. Nearly 3/4s of the approved bidders
will be "disappointed".
I don't think that type of an atmosphere is conducive to any serious
objective consideration of the true value of the object purchased. I doubt
if the prices we are seeing for this event are really representative of the
true market. You may be able to replicate the prices we are seeing, but it
will probably have to be in the same venue.
I doubt if that 69 Z-28 Camero sitting on the lemon lot down the block is
suddenly going to be bringing $205,000.
Just another opinion.
Bill Lawrence
>Maybe it is that some people just "have" to have a Healey. He/she loves
>it---has wanted one for years--can afford it----doesn't want to spend the
>resto $$$---etc
>
>and this probably applies to lots of people out there. How many times has
>someone walked up to you and said--"God I love this car--I would give
>anything to have one--how long have you had it--------------------etc--etc.
>
>
>
>
> > [Original Message]
> > From: Dave & M <rusd@velocitus.net>
> > To: <Editorgary@aol.com>
> > Cc: <healeys@autox.team.net>
> > Date: 1/19/06 2:18:11 AM
> > Subject: Re: Value insanity?
> >
> > Hi Gary,
> >
> > So what do you think the "something else" is?
> >
> > Dave Russell
> > BN2
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