Don,
IMHO These auction prices have a small influence on our cars. They merely
indicate a trend in the value. That is, they are appreciating. For example,
if a BJ8 sells at such an auction for say $60000, then you cannot add a whole
lot to the $20000 value of your own car. It does not all of a sudden become
worth $30000 or $40000 - maybe 1k or 2k at the most.
Keith Pennell
>
> With all of these high asking prices what are the lists thoughts about
> the insured value. When I insured my car 5 years ago thru Hagerty I had
> my 57 100-6 valued at $17,000, seems to me that the last two years of
> auctions have brought this value a lot higher. Are auction prices used
> in an insurer's equation?
> Don
> 57' BN4
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