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Another L88 crosses the auction block

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Old Feb 3, 2013 | 08:51 AM
  #61  
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Well, when it didn't sell, I guess the seller and the high bidder got together and "haggled" it out. I'm sure the auction house still got their cut.

When you get up in these "clouds", the real cream rises to the top. The 'wannabes' {almost real} end up playing second fiddle. I'd say the restoration firm got the most out of it they could. Probably about what they envisioned when they brought it in on that flatbed.
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Old Feb 3, 2013 | 09:10 AM
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Originally Posted by 7T1vette
I'd say the restoration firm got the most out of it they could. Probably about what they envisioned when they brought it in on that flatbed.
Cost does not necessarily equal value. Evidently the level of restoration and correctness was quite high...which means they put in many hours and bought the best parts they could find. Being red and a convertible evidently factored into the equation. Just a few years ago, $550k would have been the high water mark.
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Old Feb 3, 2013 | 10:27 AM
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550k? Ck post #31. I nailed it.
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Old Feb 3, 2013 | 10:48 AM
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Originally Posted by Sunstroked
550k? Ck post #31. I nailed it.
Congratulations...you are THE MAN. Your comment in that post was well taken by me and hopefully others. I spent 15 years appraising real estate and was legally prohibited from rendering an opinion of value without performing due diligence. That is the big reason why all of these "What's it worth?" threads are quite amusing. All the facts need to be discovered, which requires close inspection.
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