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Old 06-30-2009, 07:00 AM
divotandtralee divotandtralee is offline
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Join Date: Nov 2005
Location: Cape Cod
Posts: 298
Quote:
Originally Posted by jmn View Post
I think the reserve was gone at 24.9k. In response to the comment above, I guess only time will tell if the deal actually happens, but I really don't think the price was too far off the current market. I am a cash buyer, and I can tell you that I would have bought it at the reserve price with no hesitation. I was waiting with my finger on the button in the hour before the end of the auction, but when I saw it shoot up I decided it was too rich for me. Guess I'll have to make do with what I've got. Congrats to Bob on a nice car and a well attended auction!
Let me do the math 33.1 minus 24.9 = 8.2 divided by 24.9= 33%. If you still consider the price to be "not far" from the market and we have real past owners that have owned over 100 of them helping set the reserve .....well I think it was out of your market and mine too obviously. This exercise just helped me established my sell price on my '57 Spider Veloce at $65,000...NO RESERVE. Show me the money, anyone! I have now successfully established the market according to me.
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