Ive been watching a certain wheel set for sale in the FS\WTB section because of a particular ploy being used - now there is a second one, so this may get even more interesting - and I wanted to see what the alleged BAT valuation - used as the hook - looked like in comparison to the price being asked.
So, I sorted through all the same size wheel sets sold on the platform and plotted their sold price along the time line (8 Jan 18 to 8 Aug 22). For interest, and to see of there was any pattern, I also kept data on seller, buyer, refinisher / unrestored original / used status, and any uniqueness such as originally GP white, or chromed. Unfortunately, the total data set appears to be too small for a statistical significance to be seen in any of the particular data. If, say, all the wheels were original, refinished by Weidman, or Nguyen only, then there may be some correlations to look to, but those didn't appear to be an influencing variable. I did, however, look to see what the Dow was doing for the same period - an unrealistic model of the market I know, but it does influence how people think of their wealth status, and thus their willingness to spend.
Given the charts I wouldn't say the ask for the wheels are out of line with the BAT market place, but the question to be asked is, what is the value on the PP market? Seeing that they haven't sold (and this is not, nor is it intended to be a dig at the seller), and that there has been a softening of the BAT price since the initial ask, it seems that asking BAT prices on PP is not a viable option, at least for this specific product.
BTW, there is no particular point to this exercise, it was just something to do at the end of the day.