Quote:
Originally Posted by philipswanson
FYI. NADA book value for that car is: Average Retail= $40,400. Based on auction results and classified ads.
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There are many factors that influence collector car prices, including banter on Forums. Auction results and classifieds may be best used as starting points for new offerings, but ultimately, each sale is unique in how it is offered, and luck of the draw in who sees and acts on the offerings. Even Professional Appraisers have to use guesswork, although an Appraisers guess itself is an important factor in determining a final price.
Mike Jr has presented his Father's car in as good a place as any to obtain opinions of value, and has set his price based on his feedback. If he gets that price in short order, he's liable to think he asked too little, but ultimately, when both buyer and seller shake hands on a deal, that price is exactly what the car is worth to those two gentlemen at that particular moment.