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I was just going through the recent (August 5 - 8) results of the BJ auction at Reno. As usual, some of the first lots looked like bargains and there were a few that seemed super high, but it's hard to judge without seeing the car - maybe it was extra nice... perfect perhaps.
But this one really has me scratching my head.. (in a good way! )
A base engine, 1972 coupe... with automatic transmission.. $42,900 ?
Seems a touch high, but maybe it was super low mileage original (they don't say in the description). I don't think a fresh restoration would go for that.
From: Graceland in a Not Correctly Restored Stingray
Yeah, I saw that one roll across the block and thought it somewhat high, but it looked really good and there were definitely a couple of highly motivated bidders. There were also a few classic cars that went for thousands less than they should have brought IMHO (wish I could have phoned in a bid for a couple of them myself). Such is an auction...
Always felt cars going through BJ tend to sell higher than I would expect. Mecum on the other hand seems to get more realistic sales. Just to be able to sit in a seat at a BJ auction, you have to meet a bunch of high criteria.
If only us smart poor guys could get these foolish BJ rich guys to stop overpaying for the really good cars...then maybe we all could get our hands on them for the price that we want, right? For one thing, wealthy people...for the most part...are neither foolish nor stupid. I also would bet that BJ handles higher quality cars...that correspondingly command higher prices. If someone wants a very desirable car, then I suggest they hurry up and find a way to make the money to pay for it and stop wasting their time whining...or envying what others have. More buyers worldwide + fewer authentic cars + inflation = higher prices. Get used to it.
Just checked the Mecum info net and this 72 was a no sale for 30k at the Seattle Mecum in June. The ad on Mecum says it has 5k original miles,If that is true than maybe that would explain the high price.