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Road trip, April 9, 2016
loosing the bid by 10.00 ..........c'mon man
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
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.
Can you imagine how much it could have sold for if they just filled the seam between the nose and fenders ....
The buyer actually paid more
purchase amount. $ 125K
Auction Fee 10%. $ 12K
Fl sale tax 6%. $. 7K
aprox total. $ 144k
I'll sell mine for half that. Smooth front seam, Xpel protected, brand new rims and tires, !!
Well shit.... 02's are about to jump up in price again. At this rate I won't be able to afford mine!
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?
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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