I guess it's not unlike the RX7 elsewhere on this site that sold for $63k. It seems unimaginable to me that someone would pay that type of money for a Mazda RX7. But clearly there are folks out there that want this stuff and are willing to pay for it. If that's what the market will bear, then that's pretty much all there is to it. I'd be willing to bet that things are going to level off, maybe even regress a little in the near future.
This 1980 Chevy caught my eye recently. It seems to have undergone an extensive restoration, but the price being asked for it - $CDN 37.5k (approx. $US 29k depending on the exchange rate you get) seems more reasonable. If I had the time and inclination, I'd buy it and try to flip it on BAT to see if I could turn a $US 100k profit. And pics from Kijiji still not working for me. https://www.kijiji.ca/v-view-details.html?adId=1588963196
1965 Buick Riviera Gran Sport for sale on BaT Auctions - sold for $121,007 on October 23, 2021 (Lot #57,970) | Bring a Trailer 1965 Buick Riviera Gran Sport sold for $121,007
$21k for a 40k mile 1992 Honda Accord? Either there's something very, very special about this Honda Accord, or this is just crazy. https://bringatrailer.com/listing/1992-honda-accord-11/
According to Autotrader, the MSRP for a 4-door Honda Accord EX sedan with a 5-speed in 1992 was $18,520. With 6% sales tax in PA and - taking a wild guess - $750 for freight and PDI, total cost to the original purchaser would have been $20,381.20. There may be other costs to purchasing a new car in PA that I'm not aware of - let's exclude licensing, because it wasn't attributable to the cost of the car itself - but this is still amazing.
If it were a sub-1000-mile car, and accounting for inflation, I could say maybe; but it would've had to be started and run over all this time, and all preventive maintenance would've required all Honda parts, for that price to be truly worthy.
Those are great cars. If I wanted one, I'd be looking for the best one I could find, with good ownership records, for around $6,000 or less. THEN, I would spend maybe another $3,000 making it as perfect as possible.
I'm finding these sale prices on BAT (assuming the buyer actually follows through with the purchase) pretty interesting lately. Here's a 1994 Honda Civic Si Hatchback with 100k miles, sold on BAT for $17,250. MSRP for the Civic Si Hatchback was $12,412. No sales tax where it was originally sold in Oregon, where it remained until 2021. So let's guess the original buyer paid $12,412 MSRP + $750 Freight/PDI = $13,162. https://bringatrailer.com/listing/1994-honda-civic-25/
not quit up there with the F250 that sold for $130k, but Modified 1969 Ford F-100 Ranger for sale on BaT Auctions - sold for $80,000 on December 2, 2021 (Lot #60,677) | Bring a Trailer SOLD FOR $80,000 ON 12/2/21 But I'd guess they have $80k wrapped up in it
I love that color combo. When you think about what a brand new 4X4 truck costs from the factory these days, a person wanting to own a truck but yearning for some character and classic styling might look at this as a very viable option.
8k-Mile 2014 Mercedes-Benz G63 AMG 6x6 Brabus B63S-700 for sale on BaT Auctions - closed on December 23, 2021 (Lot #61,868) | Bring a Trailer Bid to $1,350,000 , no sale