Baldwin Motion - Mecum Harrisburg

[resto4u]

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.

[the427king]

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

[Lee Stewart]

Originally Posted by the427king

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)

Who benefits from the EMV?

[SBR]

Originally Posted by the427king

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

Funny how that works isn't it.