Speedster A on BAT

It closed at $299k.

I watched the last 5 min, from $245-ish on up. For the last minute, I kept waiting for someone to bounce it up to $350k or so, but time just ran out at a really weird price.

It’s hard to call something without a street address “well bought” at $300,000, but in this market… maybe it was.

You're all right, of course-- on my phone in a mechanical room, I didn't notice that the reserve wasn't met.

I’m not sure how "soft" a market can be considered when a 60 y/o steel car with a itty-bitty little engine gets bid up to the price of a nice lakefront cabin in the north woods (with a dock and a ski-boat) or a 4 BR new-construction home on the gulf coast. I know the market has felt these cars to be worth more, but I'm starting to question the wisdom of the market.

They're cool, to be sure, and they get in your bones (so does leukemia, so there's that)-- but if a car is going to bid to unreasonable valuations, it'd be more understandable if it was less deeply flawed to start with. Any one of our plastic fantastics are objectively better than a rust-prone, underpowered, skinny-tired original.

Mid-'80s 911s are vastly superior (and yet still analog) cars, which can be purchased and made to look like a pre-'74 example for about 1/3- 1/2 of the cost of a nice speedster (1/5, if impct bumpers don’t bug you). Used boxsters are being given away as prizes in Happy Meals. Heck, you can buy 3 Panteras or 50 Heritage Softails for the price of an original speedster. A GT2RS? A couple GT4s?

At some point this bubble will deflate, but I'm not seeing it going back to $5000 cars in my lifetime.

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