If you just want to drive the price up on something, all you need is an open bar and a chandelier. What do you think pays the bills at Carmel?
On Mar 25, 2021, at 3:23 PM, Anthony Bauco <tbauco [at] gmail.com> wrote:
Think of it as a self fulfilling prophecy. They made it rare so it would be desirable and it is desirable because it is rare. The key is the rarity. The vast majority of the population agrees with you but there are enough people that value rarity to make rare expensive. I never understood the fascination with rarity among specially optioned mass produced cars. They made tens of thousands of Corvettes every year so yes, special option especially L88 big blocks should be more valuable, but you can effectively duplicate the vehicle with parts purchased at a Chevy dealer parts Dept. I get that is was not assembled by GM employees, but the parts are easily obtainable and mass produced. It’s still a corvette, so why is it exponentially more valuable? Similarly COPO or dealer specialty cars like Yenko or Baldwin Motion (in my neck of the woods) cars are understandably valuable, but I just can’t see six figures for a Nova or Camaro regardless of what engine a dealer installed. Sent from my iPhone- Please excuse brevity or typographical errors. It isn't just a fast car. Your argument could be made about a Renoir. I can have a house with a nice painting by a local artist for the same price as a Renoir but it wouldn't be a Renoir. Supply and demand. There are a lot of people that want a Renoir and not a lot of Renoirs. Same with this Corvette. You don't need everyone to want one. Just enough to swamp the extremely rare supply. For $400k, you can have a fast car AND a house/garage to put it in...
But even at $400K - Reserve Not Met.
It may be a great engine, it may be one of the all-time great muscle cars, it may be very limited production and rare, and it may be really great looking..... But I'm kinda with Clyde on this one, for $400K+, there are A LOT of cars I'd rather have in my garage....
FWIW, YMMV, yadda yadda.....
gp
$400k final I believe.
Not bad for that much car...
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