Quote:
Originally Posted by nathanbs
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
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My take is one car or one sell is never the measure of a market trend. Just as you concluded.
It is important to step back and try to see the "forest" and not get caught up on a individual sell/buys when evaluating market trends.