Quote:
Originally Posted by Rick Brooklyn
Totally anecdotal, but I think over the past few days I noticed a lot of RNMs among the auctions I follow on BaT. Which would make sense as all assets have been repricing for weeks (Stocks, Bonds, Crypto). Still anecdotally, that seems to be the case more for the 5 figure cars than for the bigger tickets, which would also make sense - Joe Schmoe who's been YOLOing stocks is going to pull back long before the multimillionaire.
But I was wondering if anyone here might be systematically tracking the results of all BaT auctions and might be able to confirm whether this intuition of increasing RNMs might be correct.
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Stock market has been horrendous. Certainly enough to make people nervous. Billions of paper gains and values have been eliminated from peoples portfolios. RE has slowed down and balance sheets adjusted. It only makes sense big ticket purchases will follow.