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Originally Posted by DSLPWR
Well, the highest bidder was $18,100.00. There'd be no shame in letting it go for that price. Regardless of miles, the simple fact remains that it's a late 70's W116 turbodiesel sedan. This cars historical and preservation value -- an appropriate valuation aspect given its condition -- didn't warrant the asking price. There's not that much rare metal and irreproducable quality parts to sum up to $37,800.00.
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The market "spoke" some, but as outside observers of the auction, I don't think we can rightly say that we got to hear the "final word" from that market!
The seller ended the auction early - less than 24 hours into it - and the reserve price had not yet been met. That doesn't cause me to think it sold for $18,100. The seller could have pulled it for whatever reason - including the possibility that someone closed the deal outside of the auction for a much higher price (but still substantially less than his BIN price).
I don't claim to have inside knowledge here; I'm just pointing out one of several possible scenarios that I find credible.
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Originally Posted by DSLPWR
Again, personal opinion. It's all about who's willing to pay what at the point of sale.
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Well put, and a point that seems to be lost on many people. If the buyer and the seller can agree upon it, that's the price - regardless of what anyone in the peanut gallery thinks!