I thought this was interesting. This car, which looks pretty good, was bid to $6,000 at Mecum in Chicago today, but it did not sell as the reserve was not met ("the bid goes on"). https://www.mecum.com/lots/CH1017-296532/1976-oldsmobile-toronado/ If you're not registered at the Mecum site, you can't see the auction results, only the cars themselves. I wonder what the seller wants for the car as $6K is really not a bad price.
He's nuts. As much as I'd like to think these cars can bring that kind of money, he's nuts. These cars, in tip-top condition, might get to $10,000. Might.
I checked the Mecum site just now (Monday morning), and the car is still sitting at $6,000 with "the bid goes on." The bid hasn't gone any higher than what it was when it finished crossing the block. I can see the seller wanting a grand or two more than the $6K, and that's not terribly unreasonable. It is a beautiful car, no doubt. But with 77,000 miles on it, it is no spring chicken. $7,000 to $8,000 would be quite reasonable for it.
