Pony fever
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Sold last week at auction for $80,000 with buyers premium made it $88,000.
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Well, as long as their are financially ignorant, just plan stupid people buying stuff without a clue to what it is worth, it will continue. Classic Example: Pet Rocks. When people are willing to pay $5 for a Worthless rock you got from the side of the road just because you called it "BOB", this crazy spending will continue.Damn. A brand new ‘21 for roughly $25k over msrp!
Usually as you noted, the non-Dealer prep is what collectors seek, a vehicle with all the assembly line plastics, decals/stickers, labels and paper docs left in the car for the receiving Dealership (or owner). The thought process is - it's only in a "wrapper" once, and most of that stuff is always tossed by the Dealerships.I looked the lot up at Mecums: it's never been dealer prepped. I can think of at least two possible outcomes: 1) it's going to be pushed into storage for the next several years, 2) someone is going to attempt to flip it.
I'm interested to see the outcome of this car and several others posted throughout the forums. The premiums paid are often excessive to say the least. This example is already $25K in the hole.
I went back and re-read it. Nope. Other than a non-dealer prep, nothing special. Is a non-prep car special? Yes. Is it worth it? Gosh, I don't think so. If the car had some other special features or history, the non-prep along with everything else might have value. Everyone is different though.Usually as you noted, the non-Dealer prep is what collectors seek, a vehicle with all the assembly line plastics, decals/stickers, labels and paper docs left in the car for the receiving Dealership (or owner). The thought process is - it's only in a "wrapper" once, and most of that stuff is always tossed by the Dealerships.
Did it have every possible option package available? What was its Chassis #, was it a lower sequence #? Usually that has bearing too on the purchase IF it was low (or in some cases high towards the last few built).
$88k is high, but most of those auctions are fueled on emotions... "gotta have it"... at any cost... Sometimes that mindset ends up in an upside down situation, because that owner may never get what they paid for it when it comes time to sell it in the future... or it takes 20-30 years just to break even.... LOL.