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Reply to "L @ @ K Greg at Vintage Motorcars selling his personal Speedster"

@Troy Sloan posted:

As I said previously, this is the one that will shatter the $100,000 mark!

OK. Troy's got the over/under at $100K on this one. A month ago, I'd have taken "under" and put money on it. At this point, I'm not sure what to think. Troy understands the market better than I do for sure.

One thing is crystal clear - BaT loves VMC cars. This one has pretty much everything the BaT market likes (including the weird plaid inserts). I'm not sure the Subaru will help it, but the hardtop surely will. I'd sell without the Coddington wheels, as there's $5000 there that probably isn't coming back in increased value, but again - what do I know?

Regarding the glee with the very, very high auction values - I'd be careful what you hope for.

If I were Greg, I'd be thinking pretty hard about shutting off customer orders and just building cars to be sold to the highest bidder on BaT or similar. Cloud 9 is ordering cars to resell - and from the low-mileage offerings popping up, it looks to me like other people are starting to get in on the same game. Why wouldn't they - they're making long money with minimal/no work.

Troy just sold a car for $75.5K that would cost $65K to build - most likely because the buyer didn't want the 2 year wait. If the supply of new custom cars completely dried up - Greg would control the supply and reap the extra $10K- $20K that resellers have been getting for new/nearly new VMC cars.

I'm not saying it will happen. I'm saying that if I were Greg, I'd be thinking really, really hard about a way to simplify life for a lot more money.

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