Quote:
Originally Posted by RarlyL8
Really really nice '78 930 just sold on eBay for $72,800.
Yes prices have risen for nice cars, but not nearly as much as the flippers would have you believe.
A G50 '89 Cab is not desirable? COMPLETE BS. Collectors don't drive cars, they could care less if they have race history. They are after whatever brings the money.
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We expected a little more for the car. Was expecting in the 75-80k range, but 73k I think was still correct. A good buy and a fair sell. I think a car similar to that should expect 70-85k depending on miles etc. We were hoping for closer to 80k after the back and forth, but alas, not in the cards.
That said, Ebay is one of the best ways to get an idea of true market value. There is WAY too much traffic especially for Porsche, Ferrari, etc that the market will not allow cars to sell under true market value. In a no reserve auction THAT IS market value. So as much as people can ask $140k for the same car, the market dictates that is not what it is worth, otherwise you would see bidding rise. There are car specific issues or seasonality issues etc that can influence that, but if you want the best sense for the value of a car, check out Ebay sold listings particularly with No Reserve.
Could we have gotten 80 or 90 for the car? Maybe if we sat on it, but then you are playing the market game and 10 years in investment banking in my prior life told me quite clearly that money in pocket now is worth much more than future cash flows, especially when we are playing around with only a few thousand or so in either direction.
93097004 - I think your bracket for the pricing on the first page isnt quite right. You can't put 76/77 in the same grouping as 78/79. Drastically different.