Re: [Chrysler300] B-J Auction 300G

["Michael Reed" <mrreed@xxxxxxxxxxxxxx>]

  I do believe B-J prices have a "nudge" effect on the many ordinary (i.e. non-BJ), everyday asking prices for collector cars, if not indeed some selling prices. 

  Mike in snowy, cold Lake Odessa, Michigan (the "F" was shivering all weekend in the garage)

  ----- Original Message ----- 
  From: Ron Waters 
  To: Chrysler300@xxxxxxxxxxxxxxx 
  Sent: Monday, January 22, 2007 13:30
  Subject: Re: [Chrysler300] B-J Auction 300G


  Why is B-J perceived as the barometer for the hobby ? Every price paid this
  weekend, low or high, is just a blip. Rich folk show up at this auction
  because it's become the 'place to be seen', there are a lot of rare cars
  being offered for sale in one place (these guys don't have a lot of time to
  go running all over the country looking at cars) and it gives them a chance
  to 'show what they've got', so to speak.

  Just because one or two guys that fancied Desotos decided to show up with
  their $1 million bonus checks doesn't mean that every Desoto is now going to
  be worth 10 times what it was worth a month ago. It also doesn't mean that
  letter cars are going to drop in value. The problem is that if enough
  people interpret B-J as the direction that the market is going, then
  perception becomes reality.

  OTOH, it's nice that Desotos are finally getting some recognition.

  Ron



   

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