jmackro
Well-Known Member
Well yes, but the economics of car restoration work that way. It is easy to exceed the market value when restoring a car. The fact that the seller was willing to put his reserve at slightly above half of his investment in the car (which is about where Hagerty puts its market value) suggests that he understood this. He was fortunate that bidders took the price closer to his investment, rather than only to the car's market value, but it doesn't always work that way.
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