[urq] Automobile magazine - other misinfo

[Pasqualoni, James E]

But in this case, since so few of these cars actually sell, that translates
into the market price.  Let us not forget about the supply part of the
equation!

-----Original Message-----
From: Brett Dikeman [mailto:brett at cloud9.net] 
Sent: Friday, May 13, 2005 2:20 PM
To: Ingo Rautenberg
Cc: Brandon Rogers; Pasqualoni, James E; quattro at audifans.com;
urq at audifans.com
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
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