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Clarion Builds sells for $ 125,009.99

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The opening bid was $ 40,000

and went to $100,000 pretty fast

Nice to see an 02 get this much recognition

Clarion is to be congratulated on beautiful car and a brilliant marketing move

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That is amazing.  As nice as this build is, there is no way it can be worth over $125k !!!  But nice bit of promo for the little 02.

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The buyer actually paid more

purchase amount.  $ 125K

Auction Fee 10%.   $ 12K

Fl sale tax 6%.        $.  7K

aprox total.              $ 144k

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(edited)

So the obvious question here is: How much of that dizzying number can be attributed to the actual car and how much to the charity cause affiliation? Without knowing at all what I'm talking about, I would surmise it's about a clean, 50/50 split here.

 

In many of these instances (an extreme is when the first, new, top-spec Shelby Mustang or Corvette off the production line with an MSRP of $80K sells for a million bucks), the hammer price essentially represents a theatrical charity donation in the guise of an auction.

 

If that is the case here, it seems foolish for any of us to make "02 value statements" on either extreme as to how ridiculous or wonderful it is that this '02 sold for $125K...because again, the winner didn't buy a car; he/she made a public, tax-deductible, charity donation...and by the way, also got a really nice 2002 in the bargain.

 

One important question that remains: Will this impressive figure paid for a charity donation and accompanying car nonetheless have an effect on 2002 values? In other words, will future buyers' and sellers' memories be distorted enough so that they'll only hone in on "the car part" of this transaction? 

 

COOP

Edited by COOP

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the "value" of the car must be deducted from the charity contribution,, hmmm, car is only worth $15,000, charity contribution is the rest.

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