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Old 05-22-2023, 05:28 AM
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Tommy Tommy is offline
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Join Date: Feb 2002
Location: Dadeville, AL
Cobra Make, Engine: Sold my EM.
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I'm reminded of the auction when the first of the Mustang Eleanor's (by the company that was later shut down for illegal activities) sold for something like $450K. I was stunned that anyone would pay that much for a replica of a movie car that was going to be replicated many additional times. Then it hit me. Commissions from the buyer and seller totaled 20% or $90K. The seller only needed to have a shill bidder run it up until they bought the car back from themselves. If they did that they'd have at least $90k of advertising and they could tell every other prospective buyer that the market value of their replicas was set at auction at $450K, or about $300K more than I thought the car was worth at that time. . . I don't know if that is what happened, but it sure sounds reasonable to me. . . . Some of these sales are about more than egos and who has the most money.
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Tommy
Cheetah tribute completed 2021 (TommysCars.Weebly.com)
Previously owned EM Cobra
"Never attribute to malice that which is adequately explained by stupidity." - Hanlon's Razor
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