I've been following some other collector car markets (Porsche for example) and scratch my head at the realization that consignment and specialty collector/auction sales seem to trend higher than market.
Perhaps this is because of some perceived "pedigree" with regards to where folks with lots of money buy their cars. Someone who has $80K to drop on a coyote fox just isn't going to shop on FB marketplace for a car. They don't want to do the legwork or don't have the time to travel around looking for a clean 93 Cobra, so they throw money at the problem.
We see this with BAT sales and other consignment shops getting $25K or more for a clean LX with basic mods when that car would barely sell over $15K on FB marketplace.
The problem I have though is when folks claim these inflated prices are "what market value is". I'm not talking specifically about fox cars either, but other cars too. I do think for every 1 of this high dollar consignment sales you see, there are 10-20 private sales done at more reasonable costs that just aren't visible.
Perhaps this is because of some perceived "pedigree" with regards to where folks with lots of money buy their cars. Someone who has $80K to drop on a coyote fox just isn't going to shop on FB marketplace for a car. They don't want to do the legwork or don't have the time to travel around looking for a clean 93 Cobra, so they throw money at the problem.
We see this with BAT sales and other consignment shops getting $25K or more for a clean LX with basic mods when that car would barely sell over $15K on FB marketplace.
The problem I have though is when folks claim these inflated prices are "what market value is". I'm not talking specifically about fox cars either, but other cars too. I do think for every 1 of this high dollar consignment sales you see, there are 10-20 private sales done at more reasonable costs that just aren't visible.