"Where Did THe $9 million Cars Go"

Started by James Landi, February 11, 2020, 03:23:43 PM

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Eric DeVirgilis CLC# 8621

#1
Cars selling for $1M or more represent only a small portion
of transactions in collector/special interest car market and it
only takes a relatively small number of vehicle entries +/- to change
the average sale price for a given auction.

There were other factors cited resulting in non-sales
(ie, mechanical failure on sale day) and other anomalies
that can dramatically alter the picture.

I have grave questions about the use of the ultra-high end
as a means for forecasting the state of the classic car market generally.
And when I see '65 Calais Sedan selling for mid $30K,
'89 Jeep Grand Wagoneer for $100K, a plain-Jane '84 CdV
with obvious paintwork in ho-him colors for $15K, the
news certainly isn't bad everywhere.

Sometimes I think articles like this are written by people in
order to publicly think out loud, while having little or no
real intimate knowledge of the big picture.
A Cadillac Motorcar is a Possession for which there is no Acceptable Substitute

walt chomosh #23510

Eric,
  Vintage Cadillac and vintage Harley Davidson collector here. I don't follow the vintage car auctions/market but have been wondering what the trend might be for 2020. I've been waiting to hear some comments here but none so far....walt...tulsa,ok