Bill Sohl wrote:
Auctions are an unusual
>sales venue for cars because they have so many
>"unknowns" for any given auction. If a car sells
>at a low price was it because the seller really needed
>the $$$ and there just wasn't anyone else in the
>audience interested? Who knows. The converse can
>be when two people are after the same car and it gets
>bid up to what anyone would consider an outrageous price.
Good point, Bill. I was talking to a guy only today who is something of an
expert on Stags
and values many of them for insurance companies. Just before Christmas, he
attended a
leading auction in the UK where a truly mint, genuine 25,000 miles from new
Stag went
under the hammer. Wearing his valuation hat, he felt the selling price would
inevitably be
somewhere between GBP9000 to 12000 (US$14400 to 19,200) because the car was
that good. By
all accounts, the auction wasn't well attended - it was just before Christmas.
The Stag
went to the highest bidder at GBP3950 (US$6300) Someone got a snip - at UK
prices, anyway!
Jonmac
|