Like most car journalists, and car enthusiasts in general, I have three ways to trick online with a car. One is reading a site like this. The second is the manufacturer’s consumer configurator, which builds and prices cars from mild to wild, from affordable to lottery only. The third is to browse the auction site Bring a Trailer (BAT) to see what’s on sale that day. Someday Just right Fox-body Mustang is now available and stays within my budget. Someday.
As anyone spending time on competing sites like BAT, Cars and Bids knows, the vehicle combinations are incredible and far more diverse than those found on Mecum and Barrett Jackson. While these auctions tend to feature muscle cars and antiques, BAT gives you more chances to find diamonds in the rough. You may be able to find something special in the deal.
Of course, if you spend enough time on BAT, you will find that some, if not most, of the selling price is small.
To Wit: This auction ends today $ 250,000 1995 Nissan GT-R V-Spec.. Its price is higher than the average home price in some parts of the country.
Yes, cars are rare. Yes, auctions tend to push up prices due to simple principles. A buyer who really really wants something will pay whatever it takes to own it, even if it means overpayment. I understand it all, so I won’t cover much about BAT. This is obvious and has been covered before.
But when you started looking at the GT-R or perhaps the first $ 250,000 price $ 250,000 Toyota Supra (So far, there is no Supra Clear $ 150,000 In BAT wild speed Supra Get over 500,000 in another auction), You start wondering when the price increase will end. Especially during a pandemic that has hurt many people financially. Yes, there are still buyers with obvious means. Still, madness makes the eyes pop.
To be clear, this is not one of those rants against the rich. If you have the means to pay more than $ 250,000 for a 26-year-old car, especially one that has a good reputation for performance, you can use it as you like, as long as it’s legal. I also understand that BAT can rarely do anything to prevent certain bidders from raising the price of more affordable iron until the average Joe / Jane is out of play.
Yes, it’s annoying if the latter scenario takes place at an auction that includes cars that shouldn’t be too expensive. It’s one thing to see the unusual GT-R’s super highs, but it’s easy for a normal Fox body or Camaro to go from “well, I was able to shake it” to “don’t care”. It’s a different period to see.
That said, I know that BAT will not change immediately. This means that it’s likely that rare 90’s supercars will actually be seen to grow to more than a quarter mil.
The GT-R is just the tip of the crazy iceberg, or just the good old market, depending on your point of view. Of course, these two perspectives are not mutually exclusive. At the same time you understand and evaluate the auction market, you can believe that the market is not rational.
That is, if The market is unreasonable — some say that the price paid is absolutely reasonable given the rarity of some of these old cars and their desirability.
I think that’s why my brain is a bit broken here — seeing a car auctioned at five times the new price (no inflation adjustment) and this is how the auction site is about to come. It is a combination of knowledge about whether it will be operated. It makes sense for a rare and desirable garbage truck to get a lot of money at auction. In particular, understand how an auction works and how it differs from a dealer or individual seller putting a car up for auction. Set prices on sites like Autotrader.
Still, it bothers me that everyone will pay that’s all In the case of the 1995 GT-R, no matter how rare it is (especially Midnight purple paint), Or well-maintained, or how much GT-R is loved.
A part of my brain that says “rareness + demand + auction = $$ $, which is natural” and other parts that I can’t imagine giving up so much money for the car at this time. There is a disconnection between and. Also, other car auctions that I might actually buy can be heavily influenced by a few wealthy bidders, making cars out of reach in most markets. I’m particularly disappointed.
Again, one is when the car is rare and desirable, and the other is when unreasonable bids push up the price of common metals.
That’s a difficult truth, but the 6-digit Supra stays here unless something changes in the collectibles / enthusiast used car market.
BAT's madness finally broke me
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