redzg

I despise the televised auctions. They have ruined the car world. Every numnuts with a inoperable rust bucket sits on his or her unrealistic dream price because one 'just like it' sold on the auction for $30K. I know of a '78 L82 that keeps sitting in the outdoors, rusting away (door tips have fallen off!) and the owner thinks it's worth $10K.

imgn tht

I guess I can't argue with that. Now if only money wasn't a factor for me...

JR-01

A lot of people think their junk is worth a fortune. A guy I know put a 69 Judge with 30K miles on it up on blocks in the early 70s. Now it needs a total restoration. He thinks it's worth $100K and the most he has been offered is $15K. He will own it till he dies.

Shakeydeal

Not sure why the seller should be happy. He bought a car for ~50K and the only enjoyment he got from it was walking by it in the garage. Fast forward 14 years later and he has the privilege of selling it for a 5K loss. Doesn't sound like a very smart individual to me.


Shakey

FirstC4

For the low price of about $350/year, the seller had the privilege of staring at it in their garage for 14 years. I don't have that kind of coin, but I get it

Jeff T.

I guess I'm more surprised at some of the restomod Corvettes that were selling for north of $300k, one I saw was $400k... That's crazy $$$.

OlyC6

I wouldn't assume the "seller" paid "Retail." With only 14 original miles, makes me wonder if a dealer or "collector" (with connections) got it at a discount. That said, selling at auction w/o a Reserve is always a roll-of-the-dice. If I'm the buyer, I'm looking at the $45K plus the Buyer's Premium of 10% (or less if Auction House OKs discount).


And, a buyer has the discretionary cash to buy something, more power to him/her. (People buy stocks and lose money too... right?)

JR-01

People with a lot of money buy what they want no matter the price. The guy that bought this car obviously wanted it and does not care about the money. Is that being stupid? No. It's part of being rich. Getting the things you want.

Corvette#2

I guessed it would go for 50k, so 45k doesn't surprise me at all. For that amount of money, I'd much rather have a new Stingray but the people at these auctions aren't your typical man on the street car buyers. 14 miles is a big deal to a collector. Whoever bought it new must have driven it home from the dealer and polished it with a diaper until it was finally trailer'd to the auction. It's possible the original owner kicked the bucket and his heirs put it up at BJ.

Corvette#2

Wow 400 is insane. I saw a restomod C2 for sale on the forum last month. Super nice car, the seller was asking like 175k. Thought that was crazy, but I guess that's the market value.

Chris Draper

There was a 96 Grand Sport that sold for over $50k too.

Phanni

Maybe, maybe not.
45K is pocket change for many.
Storage fees will eat up a bunch more $$$$
These people are not simply millionaires, they have much more than that, and he who owns the rarest "toy" when they die, will win.

FWIW, being a millionaire isn't what it used to be.
The "rich people" lines begin at $10+ million.

Randyman2002

Hey... if the buyer is happy does it really matter to anyone else?

bikeriderga

Doubt it.. He lost money.

Bought it and basically never drove it.

If he bought it around 52-55K, he basically took it home, stored it, never got any enjoyment out of it, and in the end, lost money, suffered depreciation, and never got any more than gawk use out of it.

Never understand people who buy a non limited production car and basically put it up.

I’m Z one

He was probably was mesmerized by the #soldsrickergirl and just kept upping the bid until he realized he won. 😆

JR-01

A lot of car collectors get their enjoyment just by having the cars. They don't drive them and they don't buy them to make money. A lot like people that buy art. They just like to look at them. They already have the money so they don't need to make more on their collections.

I’m Z one

He was probably was mesmerized by the #soldstickergirl and just kept upping the bid and didn’t realized he’s the one who bought the Z16
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2_hotty

Saturdays bids were ridiculously high this year. A couple of Sunday cars too. But saturday was packed and people got real stupid with their money.

2_hotty

Oh, and also that car was in a Chevy dealers private collection. It was just off MSO for the auction, so no one bought it and brought it home to let it sit. No one bought it at all.

laurent_zo6

Sometimes when you see the price someone is willing to pay, you start to wonder about his sanity. Most likely, if that person is rich it's because he/she has some intelligence. There is always the odd one who inherited money and may or may not be smart.

Spending one's money is subjective, what is expensive to you may not be to the next person. In addition, you do not know the motivation of that person. Perhaps the car reminds him/her of nice memories and is willing to pay more than he/she should. You probably could find as many reasons as there are buyers why they want the car.