[trader220]

Originally Posted by GregoryF

$80-100K for an '87 Targa?!? Seriously? In Guards Red no less. What, did Steve McQueen lean on it once? I have a hard time believing that car will break $50K, but I don't know the car or the story so maybe I'm missing something. What I have come to learn after attending several auctions is this: The laws of supply and demand don't apply. Just because a car will normally sell for, say $20K in a normal private party transaction, do not expect to pay anywhere near that price at auction. Add 50%. Public auctions are designed to extract as much money as possible from the bidder. For some guys it is very hard to drop out of the bidding even when the price has gone to crazy levels after investing the time to get that far. Pride, or whatever you want to call it, keeps them in the bidding. A year ago at Russo and Steele Scottsdale I watched a 2002 Boxster S with 3500 miles (not a good thing in my opinion) that had been stored in a barn bring over $35K! This car had very low miles, but it was not perfect. It had a few dings on the fenders due probably to garden tools leaning against it and the plastic convertible top window was yellowed. This was a $15K car all day long. Auctions are fun, just not the place to find great deals.

I was being sarcastic. I dont think my car is even a 50k or a 40k car and no one famous touched it as far as I know. Now my new Lindsey 17's will be here soon and I am working with FabSpeed on a GT3 Style twin center exhaust and I have a few other goodies lined up along the way but still its not a 40k car... at least not now.