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

[Andrew B]

Would an insurance company know the difference between an 83 and an 84
or 5?  I mean, if they can't tell the value of your 83, how would they
know there's a difference between that and the 84?  I'm sure they
would do some research, but I would imagine it would somewhat hard to
see a pattern- there isn't much order to the way Urs are priced even
if you know the ins and outs.

-A

On 5/13/05, steven j <michellepfeiffersx at yahoo.com> wrote:
> 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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