. Hey, if the car makes him happy who cares what he paid for it. As mentioned it only helps the value of the rest of ours.
[Z06] 2017 Barrett-Jackson Phoenix
Safety Car
Joined: Jan 2000
Posts: 3,905
Likes: 250
From: Orlando FL
Neither of us can understand the money others spend and what it means to them. I have been to those sales and watched the people who buy there. Some of them are incredibly wealthy individuals and the money at that level may well mean nothing. The majority are buying a single car that represents a life long dream and represents a good portion of their net worth. The reality of people bidding to show off for the camera is rare. Most of the participants know exactly what they are doing and have done their homework. Generally they didn't get that money by being foolish.
If one spends the time to look at the major auction results over the last year, you can clearly see the trend of what is happening to the C5 value. Thus the articles written and the prognostications by those who are in the field for a living. I simply don't understand why people would not see the correlation between the auction market and the street value. As the old saying goes "A rising sea lifts all boats". There are a large number of dealers who when they see the values being reflected on the auction block are going to start buying the vehicles off the street as long as the spread is there.
If one spends the time to look at the major auction results over the last year, you can clearly see the trend of what is happening to the C5 value. Thus the articles written and the prognostications by those who are in the field for a living. I simply don't understand why people would not see the correlation between the auction market and the street value. As the old saying goes "A rising sea lifts all boats". There are a large number of dealers who when they see the values being reflected on the auction block are going to start buying the vehicles off the street as long as the spread is there.
Melting Slicks
Joined: Aug 2013
Posts: 2,491
Likes: 315
St. Jude Donor '15-'16-'17-'18-'19-'20-'21-'22
It would be useless to try to guess what is in the mind of a bidder, especially one with lots of money. Auctions are a totally different animal than regular buy-sell.
Could be a childhood memory, could be the first car he kissed a girl in, could be... The reasons are endless (and mostly have nothing to do with common sense)
Could be a childhood memory, could be the first car he kissed a girl in, could be... The reasons are endless (and mostly have nothing to do with common sense)
Advanced
Joined: May 2015
Posts: 94
Likes: 12
It looks like stock C5 Z06 is really holding values now. I have CE 1963 with 7500 miles on it. I am not looking to sell but if I did I would look to get more than I paid for it.
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