Auction price to market value
 

In this day in age, does the auction house pricing sorta set the tone for the market value of cars? I know there is that good deal every once in a while, but if say the auction pricing stays somewhat consistent, does it reflect the market value of these cars?

Case in point. Sorta looking for a classic pick-up for a summer driver. 1960-1972 Chevy are going up and up. So thought of a Lil Red Express. Seen that one went for $18,150.00 @ Mecum
https://www.mecum.com/lots/FL0120-39...xpress-pickup/
and now one a Barrett Jackson $16,500.00
https://www.barrett-jackson.com/Even...EXPRESS-235914

YES there might always be that special one or 2 with no mile of some other thing. But with 2 different auction house in 2 different states, getting the pricing well under what is typical on the web, does that put more of a realistic value of say and average truck should be???

Someone I know is into Lil Red trucks and he said that one that sold was a basket case of parts and had issues. That's why it sold as low as it did.

If you shop at the auction houses, then yes. If you shop elsewhere, considerably less.