Mecum Auction....nothing sold???

[99ss]

LOL... in the end a car is only worth what someone will pay is plain and simple and the truth. This auction didnt sell a lot as the people there didnt think the value was where the owners were putting the reserves at. So in the end the cars arent worth to the buyers what the seller thought they were worth and guess who has the power? SO really its appropriate in this discussion I think. Its a discussion about the auction not an individual asking for a value on his car. So your speach although I would agree with in another context means doodley squat in this discusion.
But yes if someone has posted whats my car worth and I had answered what someone is willing to pay it would have qualified for your retort

 

[Budnicks]

yep to one person it maybe worth only $10K, to someone else that really wants one, it maybe $15k, it is what it is, it's worth what "Whom ever is looking, is willing to pay" or "Whom ever is selling, is willing to let it go for", it's so arbitrary & so subjective the WIW is usually a worthless question, there are so many variables & market changes, likes & dislikes, it's nothing more than a guideline/suggestion, nothing more or less, if you like Mopars you will think they are worth more than a typical Chevy or Ford guy might think they are worth, & visa versa....

 

[Bruzilla]

back in the 80's the internet and auction sites and TV coverage and cable and directv and all the media we have now didnt exist.

Back in the 70s through the early 90s, car magazines were our internet and cable programming. If you go back and read through the magazines from back then, especially in the late 80s and early 90s, you'll find just about every one of them would either have an article or editorial piece about how auction prices were rising as that was an extremely hot topic back then.

- - - Updated - - -

There actualy was a dip in values and prices in the early 90's. I distinctly remember several discussions about investors getting out and the "hobby" returning to affodability for the "common man".

We had two events in the 90s that impacted car prices. The first was the revelation that market prices were being manipulated through the use of reserves and shills, which happened around 1990/1991. The second dip happened as the internet bubble was starting to blossom around 1995, and investment dollars were briefly shifted away to new internet businesses, but the handwriting was on the wall for those businesses by 1997 and the bubble burst.

 

[YY1]

Well, I wasn't pointing any fingers, but the "what someone is willing..." statement's only coreelation to cars is the word "car". You could substitue the word "tomato" and it would be just as valuable a contribution to a discussion about cars.


An item for sale is worth what someone is willing to pay.

It is what it is.

No matter where you go, there you are.

(Ensign Checkov)- Captain. The ship!- It's floating through space!


Tom-ay-to/tom-ah-to....they all say the same thing.

 

[68 Sport Satellite]

Haha no insult intended when I myself made that "Worth what someone will pay" comment. Not to keep this part of the thread going but my particular intent was pointing out that although a car may have a certain average or minimal assessed value agreed on by the majority, when put up for sale at auction or eBay or Craigslist, the time window the car is being offered and how fast the seller wants to sell it is a huge factor. Can the seller sell it for his fair asking price? Probably. Can the seller sell it for that fair asking price on a specific single day? Maybe or maybe not. Got to have a willing and interested buyer there on that day as we all know, and also hope that a competing car in the same time window or auction didnt grab up the money first. Not so with tomatoes, haha, food and such are goods that we constantly need, while cars are luxuries, especially the classics in question.

 

[YY1]

Scope creep alert!

Not so fast to dismiss the tomato analogy...

Are you aware of the raging debate about the "penny a pound" price increase proposal requested by the friut pickers and the staunch resistance put up by supermatket chains?

 

[74roadrunner440]

the sad part is what it take to bring these cars to origial state of resoring these cars. not just the money its the sweat n n time. n a few cuss words along the way. and u always run in to a headace but the prices even for the parts are getting rediculusly pricy. also i can rember my first mopar as it was yeserday. my dad had cosighned for a loan for my 74 dodge dart 225 slant six with 3 on the tree. i was in heaven as i got older. i bought my own car 70 dodge challenger 318 car. n god i still love that body style today cruing with the guys doing burn outs drag races or just hanging out with the guys n gals with a few beers lol. memorys of the good old days n u actualy saw muscle cars on the road now in my town my cars are the only ones u see. u might see 1 from time to time but i acualy drive mine in the summer not just let sit and colect dust cuz ur to afraid to get a scratch or a ding in it these cars should be driven also . but then again i live in the freezing cold state of noth dakota lol brrr - 60 below at time in winter with the wind chill or colder

 

[Sonny Black]

I recall working under the car on a saturday (in the snow) putting headers on my '68 RoadRunner. OR We would lay on carboard drop the tranny on someones' tummy and pull them out by the legs..(replace a clutch)! ......& now I can hardly stand without a boost, after laying under the '63 for some time...........I'm getting too old for this shi!