[urq] Automobile magazine - other misinfo

[Drew Boyd]

well I can go check it out, its waaay local... like 20 mins away, cant
believe i didnt know it was around...

hell if had had 10k disposable income...


-Drew
NER SCCA RallyCross #05
1987 Audi 4000csq

On 5/16/05, Brandon Rogers <brogers at terrix.com> wrote:
> Baloney.
> 
> Value is specifically defined as what a willing buyer is willing to pay and
> what a seller under no duress will sell for.
> 
> If you were talking about a Ford Taurus that may be true - but we're talking
> about rare cars (only 65 imported into the US in 1984) - each one is
> different by now.  By your logic if 5 ur-quattros all sell for $10,000 on
> ebay then each buyer paid over-market value.  On something this rare (where
> you have very few choices to buy from, and a very small buyer pool)- that
> _defines_ the market price.  You can't just go down to the used car lot and
> pick up an ur-quattro.  Just like I can't put a for-sale sign in the window
> of my car and expect to sell it.
> 
> Brandon
> 
> 
> ----- Original Message -----
> From: "Brett Dikeman" <brett at cloud9.net>
> To: "Ingo Rautenberg" <i.rautenberg at waratap.com>
> Cc: "Brandon Rogers" <brogers at terrix.com>; "Pasqualoni, James E"
> <james.pasqualoni at gs.com>; <quattro at audifans.com>; <urq at audifans.com>
> Sent: Friday, May 13, 2005 12:19 PM
> Subject: Re: [urq] Automobile magazine - other misinfo
> 
> 
> >
> > On May 13, 2005, at 1:38 PM, Ingo Rautenberg wrote:
> >
> >> I feel better.
> >>
> >> That makes at least two '84 Urqs that have (apparently) sold for  over
> >> 10k on
> >> Ebay in the last month :-)
> >>
> >> Maybe Dennis should talk to his Ins. Co again ;-)
> >>
> >
> > I posted about this in March when someone said something about A6 4.2
> > values, and ebay was mentioned.  Any economics professor will tell  you
> > that auctions don't represent market value.  Google for "winner's  curse",
> > or read: http://slate.msn.com/id/21810/
> >
> > Basically, if you won the auction, you paid more than anyone else was
> > willing to pay- and hence you didn't pay fair market value for the  item
> > in question.
> >
> > Brett
> > --
> > "They that give up essential liberty to obtain temporary
> > safety deserve neither liberty nor safety." - Ben Franklin
> > http://www.users.cloud9.net/~brett/
> 
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