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Old 01-17-2020, 07:22 PM
EZ Nova EZ Nova is offline
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Default 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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Old 01-17-2020, 08:01 PM
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NorCam NorCam is offline
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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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Old 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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