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Yep. The only faith that auction proves is that there are fools with too much money. You could after all try to take advantage of that when you want to sell, but you’ll still have quite a bit of risk on BaT, because the reserve will be set realistically. I doubt the reserve on that 930 was anything over 60k. The seller got super lucky.
I closed on a 930 last year the very same day another 930 was ending on BaT. What I bought was/is probably worth at minimum 50k more, and I paid about 15k less. The BaT auction ending on the same day made my purchase look like a foreclosure get me the f..k out fire sale, that’s how distorted some of those auctions get with so many people interested in the same car, and with a clock ticking down to zero. That’s definitely not the best way to buy a car. It could be the worst.
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