Quote:
Originally Posted by ficke
I think you have it backwards, reality, "the real world" is what it will actually , really sell for. Not what you think it should sell for or what you think it should be worth, but what you can actually get for it. Anything else is fantasy, dreaming, your own minds idea of value and worth.
I can not tell you how many times I have heard people tell me they need to get "X" for some thing because that is what they have in it, just does not matter how much you spent on it, what it will sell for is what it is worth.
Other side of value, you might think some painting you have is worth $200.00, if some one else is willing to pay $20,000,000.00 for it you would be a very big fool for selling it for what you feel it is worth.
The market, what some one is willing to pay, dictates the price and worth of something not your are my feelings or ideas.
That is reality.
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What's your take on a car that bids up to $110,000 at an auction but doesn't meet reserve, it's a no sale and then goes on 4-6 months later and either sells no reserve for $75,000 or goes for $140,000? I've seen both scenarios quite often. One auction on Bring a Trailer cannot be the measure of the market nor can a single live auction price. It's like world records in racing, they need to be backed up with several other supporting times before its considered bonafide