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#1
01-17-2020, 07:22 PM
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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???
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'58 Apache pick up restomodding with twin turbo 522 '78 Z28 4sp being restored '78 Z28 32,000 survivor, Og Yellow paint, AC. '70 W30 convert TRIBUTE '70 CANADIAN Nova SS396 L78 Pro Street '69 CANADIAN Nova SS 396/350 hp '67 CANADIAN Nova SS 427 10 sec. driver '66 CANADIAN Nova SS Race Car '69 FIREBIRD Tubbed Racecar '61 CANADIAN Pontiac Bubble top 409+/4sp (SOLD) '31 ALL STEEL Chevy P.U. GONE (EX-WIFES NOW) 
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#2
01-17-2020, 08:01 PM
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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.
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I like solid lifter cars, big cams and cars w/ 3 pedals in them. 
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#3
01-18-2020, 12:16 AM
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If you shop at the auction houses, then yes. If you shop elsewhere, considerably less.
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