Supercar pricing... How do you know what something is worth?
Discussion
Afternoon all,
People often talk with great authority how much a supercar's worth (eg Mr Harris talking about how you can 'hear the 296 depreciating'), and there are often similar statements in the forums of this parish. Clearly there isn't the liquidity in the small-volume market for Glass's to be representative, so how are mortals supposed to have an idea of what the dealer is _thinking_ the right price is for, say, an SF90? Most people who are willing to give you an opinion will have a conflict of interest to a certain extent (either one they will need to sell one day or the aim to buy one cheaper)... Do you genuinely just have to bid low and see if you get lucky?
Thanks all
TH
People often talk with great authority how much a supercar's worth (eg Mr Harris talking about how you can 'hear the 296 depreciating'), and there are often similar statements in the forums of this parish. Clearly there isn't the liquidity in the small-volume market for Glass's to be representative, so how are mortals supposed to have an idea of what the dealer is _thinking_ the right price is for, say, an SF90? Most people who are willing to give you an opinion will have a conflict of interest to a certain extent (either one they will need to sell one day or the aim to buy one cheaper)... Do you genuinely just have to bid low and see if you get lucky?
Thanks all
TH
Track the cars on the market, see which ads are withdrawn, the majority of these will be sold. I would generally expect sale price to be at least 90% of last asking.
The Price Tracker plugin for AT can give you a clearer idea, eg if a car comes down 350, 330, 320, 300 and then disappears.
CollectingCars and other similar auction sites give you actual transaction prices (after adding on their seller fees). Generally auction value will be lower as they're riskier for the buyer and cars may be less good examples, but it gives a strong indication where the market is going. Again tracking live sales and seeing where the bidding stops for no-sales gives extra information.
Asking prices on AT give a value ceiling, highest bids on CC give a floor.
Example of when I was looking for a McLaren https://www.pistonheads.com/gassing/topic.asp?h=0&...
The Price Tracker plugin for AT can give you a clearer idea, eg if a car comes down 350, 330, 320, 300 and then disappears.
CollectingCars and other similar auction sites give you actual transaction prices (after adding on their seller fees). Generally auction value will be lower as they're riskier for the buyer and cars may be less good examples, but it gives a strong indication where the market is going. Again tracking live sales and seeing where the bidding stops for no-sales gives extra information.
Asking prices on AT give a value ceiling, highest bids on CC give a floor.
Example of when I was looking for a McLaren https://www.pistonheads.com/gassing/topic.asp?h=0&...
samoht said:
Track the cars on the market, see which ads are withdrawn, the majority of these will be sold. I would generally expect sale price to be at least 90% of last asking.
The Price Tracker plugin for AT can give you a clearer idea, eg if a car comes down 350, 330, 320, 300 and then disappears.
CollectingCars and other similar auction sites give you actual transaction prices (after adding on their seller fees). Generally auction value will be lower as they're riskier for the buyer and cars may be less good examples, but it gives a strong indication where the market is going. Again tracking live sales and seeing where the bidding stops for no-sales gives extra information.
Asking prices on AT give a value ceiling, highest bids on CC give a floor.
Example of when I was looking for a McLaren https://www.pistonheads.com/gassing/topic.asp?h=0&...
Thoughtful answer - many thanksThe Price Tracker plugin for AT can give you a clearer idea, eg if a car comes down 350, 330, 320, 300 and then disappears.
CollectingCars and other similar auction sites give you actual transaction prices (after adding on their seller fees). Generally auction value will be lower as they're riskier for the buyer and cars may be less good examples, but it gives a strong indication where the market is going. Again tracking live sales and seeing where the bidding stops for no-sales gives extra information.
Asking prices on AT give a value ceiling, highest bids on CC give a floor.
Example of when I was looking for a McLaren https://www.pistonheads.com/gassing/topic.asp?h=0&...
TH
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