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We could guess and speculate all day, but this situation won't happen again so why bother.
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Jeff:
YOu may be right, but I remember thinking this market peaked out when John Berry's 5,000 mile white Z/28 sold for $29,500 a few years ago. Car is featured in Jerry's book.
Then it showed up for sale a few months later in Hemmings with an asking price of $39,000, and I thought, well surely this is the peak, assuming the seller got something close to that.
Now look. Also must consider that if bidding reached $205k, there had to be at least one other individual willing to pay about $200k, or the bidding wouldn't have gotten where it is.
Charley makes a good point. Hard to hit a home run without taking the risk of striking out.
Lynn