10.6k is no problem : [urq] Automobile magazine - other misinfo

[steven j]

I think there are a lot of people who would pay more
than $10.6 for a nice 84 urq - a 7 day auction, a few
digital pics  and a guy selling his brother's car
isn't something they can respond to in a serious way. 
If someone has a nice car - is willing to be patient
with picky buyers (i.e. show the car more than once to
the same shopper), then 12k is more like it.  
steve    
--- Brett Dikeman <brett at cloud9.net> wrote:
> 
> 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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