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Old 08-29-2005, 05:20 AM
mrriggsohara mrriggsohara is offline
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Default Re: $5 Million Dollar HEMI CUDA Convertible!!

There is wisdom in your words.

"We know from eBay and B-J that auctions don't determine a car's worth; all it determines is what a buyer is willing to pay. A 4-door Hemi is not worth more than a ragtop or even a Coronet 500 hardtop in the general market. This car will be attractive to those who like something unusual. If it goes for something high (and you must be joking when you talk about "2 million") it'll be an anomoly and not its fair market value."

You hit the nail on the head: 1) Sales determine only what a buyer is willing to pay; 2) the car will be attractive to those who like something unusual; 3) an anomoly exists when any hemi car goes for more than $1 million, let alone an ugly 4-door car most apparently wouldn't want to be caught dead in.

I know for a fact that the woner of the 4 door car was offered $1 million dollars for the same car almost 10 years ago. Like many who own what they cannot replace, inmost cases, hold the objects more dear than the almighty dollar. The guy who owns the 4-door car now owns two of the 4. According to what I have read, that is the only reason he is willing to part with 1. When he was offered $1 million for his car, not a single 1971 hemi cuda had yet sold for such an amount.

Look. I remeber when Mark McGuire was getting close to breaking the home run record. He was quoted as saying he, "wouldn't pay $10 for the ball that breaks the record. The ball isn't worth 10 dollars." Of course I felt he was out of line to make such a statement in light of all the baseball memorabilia in today's market. But we let him live. And when the ball or balls were hit over the fence and gathered up, eventually they sold for millions.

Not everyone can understand what's in the minds of collectors. But I still hope the 71 hewmi cuda guy and the 4-door guy get all of the money they hope to get. Obviously someone out there has the money to spend at the blink of an eye, and if that money helps a guy do better things for himself and his family, I think it makes the world a better place. Spread the wealth a little bit.
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