[urq] Automobile magazine - other misinfo

[Brett Dikeman]

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
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