one auction does not set current market value. the auction venue is also a factor in sale prices. It could have sold for more at another auction or different venue. in modern car wholesale auctions, they send cars all over the country based on car models and colors. They keep stats on sales, and send them to auctions they feel will bring the highest sale based on pure stats.

Well said. When a car sells for half its perceived value it's considered the true market because of aging baby boomers . When a car sells for twice what it supposedly is worth,everyone attributes alcohol and stupidity for the high price and wont accept the high price being the market

And there lies the problem that my post a few pages ago addressed: Estimated Market Value which is done by the auction house who is selling the car. A lot of those premium cars are one of ones (like the famous Elite Marti Report) :naughty:

Who benefits from the EMV?

https://i.postimg.cc/XYjX7V9x/ee.jpg

This may be the future collector car . . . Electro-Mod. No gas engine.

Then 30 years from now people will be looking for the old "green new deal "race car.

Guess I better develop an external speaker system to emulate the engine and camshaft sounds for future collector cars. Perhaps people can then hear them coming. Maybe develop a shaker to mount within the cars chassis so it shakes it at the lights when it rolls to a stop?

Sorry Lee....I had to :haha:

You Luddites can laugh all you want. Let me tell you the specs on that Mustang: 546 HP and, are you ready for this? 5,225 pound feet of torque! 4 electric motors, one for each wheel.

What I won't tell you is the cost of the car because as they say . . . "if you have to ask you can't afford it."

All right, you twisted my arm . . . . $381,000

OK...one more because I'm still laughing from Tenney's post.

Funny how that works isn't it.