The seller lost about $10K at least since he purchased the car in 2020 for $21,500. And, that doesn't include the shipping from Europe, where the car was located, to Las Vegas. Some people have been really trying to capitalize on the high prices, but now things are coming down. And, the "Flippers" will move on to something else, which is a good thing in my opinion. Take your snake oil and move on out of this town. You're no longer welcome here.
Recently a clean "Retro Rod" 1600-2 bid on BAT to $32,500, but didn't meet reserve. The seller didn't know much about these cars while presenting it with the typical sales pitch; "Only the highest quality parts etc". And, then all hell broke loose when one of the responders confronted the seller, noting the chrome tape fix on the door panels and the use of a later E21 or E30 cast vs. original forged crank in the engine build. The builder chimed in, grudgingly acknowledging these observations, but also turned on the respondent even though the respondent thought the car was still worth $30K-$40K. Evidently the builder and seller were expecting to get well in excess of the highest bid for the car, which, in my opinion, didn't really meet the "Retro Rod" criteria all that well either.
Some builders, mechanics and flippers were getting spoiled. So what now ? They may move onto the 3.0 Coupe market where partially restored cars are fetching in excess of $100K. It's a no-brainer as the prices of parts for coupes and 02s are about equal. And, maybe this is for the better, as the 3.0 coupes always attracted the higher income earners and Hollywood Patricians etc. But, please leave the 2.0 coupes alone so some of us poorer folks can tinker with a coupe of our own.
And, a slump in the prices may attract more people here, although things will never be the same as they were 20 - 30 years ago when these cars cost almost nothing and parts and supply were abundant.