Quote:
Originally Posted by Cobalt
Considering a MBZ 300SLR sold for $142M and the price of a regular 300SL is all over the map, I don't see how we can make any judgement based off one car selling for more than expected on BaT. Heck most of the Porsche's I see sell on BaT sell for far more than IMO they are worth. So many dogs and in some cases turds with fleas selling for way too much there. Although the buyer has become more savvy over the years and some of these cars are not moving and rightfully so.
I am selling my 100k mile 13 Ford raptor. 12 years ago I paid a little less than double of what I am being offered today and sites like carvana and carmax are increasing there offers weekly. I am up $1000 in 4 weeks from their initial offer. Which I consider quite fair. I am still seeing people IMO overpay for 964RS's with recent sales ranging from $290-$400k. We recently saw a 964 tip break new records at $114,500 and I don't see the market slowing. People are bing a bit more selective however I think it is just because the buyer has become more educated. The economic uncertainty has some impact but for the most part i see it as minimal currently. My friends are still seeing big $$ projects come into their shops and those that have the $$ aren't being so cagey about spending as some seem to claim from what I am seeing.
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True, the media is trying to convince the public that the economy is in the crapper, yet, stores are still crowded, roads are still crowded, hell, even the gas stations have crowded lots.
I too have noticed that when it comes to high end projects, people are still spending money, I have noticed locally, in the local high dollar zip code, lots that had been sitting, for years, are now being built on , and we are not talking cookie cutter houses, but large, prime riverfront , high dollar custom builds.