1/2 Million $$$ Chevelle
70RAIII
41 - 49 of 49 Posts
Spot on Claude.
Value is determined at the moment of sale and remains set until the moment that particular deal is closed. After that moment the value immediately becomes totally negotiable until the next moment at which the car is sold. Then the process repeats itself.
Same with a house sale or a stock transaction or the sale of a diamond. They are worth exactly what someone will pay at the moment of a sale. If something sells for $1m it is worthless until someone else decides to buy it. If the only buyer who shows up for the $1m item offers $20K and the seller accepts $20K then that is the value at that moment. And then, as they say..... the band played on. If no one offers anything then that is what the item is worth at that moment. What a current owner has previously paid has no locked in relationship to what future sale prices (value?) might be.
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1,365 Posts
For me the value of my car is the experiences that it offers. From just setting in the garage looking like a piece of art, to having the gas pedal floored, hearing the engine roar and the tires scream. I also value a calm ride on a nice day with the top down and my beautiful wife next to me, just cruising.
It is not worthless in between transactions either. Even if someone bought it without enjoying it for the same reasons I value it. Someone could enjoy it for the potential profit it could make on its next transaction.
It is not worthless in between transactions either. Even if someone bought it without enjoying it for the same reasons I value it. Someone could enjoy it for the potential profit it could make on its next transaction.
1966 Chevelle Malibu Sport Coupe w/ custom LSx swap, DSE suspension
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876 Posts
I think maybe "worth" and "value" could have different meanings! Something is "worth" whatever someone is willing to pay for it. That doesn't mean it has the same value. I think the custom LS in my '66 enhances its worth -- but only to someone who values it ;-)
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4,059 Posts
My wife and I had a similar "discussion" to this once.
We were in the mall. American Eagle sells T-shirts for $60. And they are nothing fancy, just go buy a set of Hanes or Fruit of the Looms for $7.99 for a 3 pack and you essentially get the same thing. And yet these things were flying off the shelves at $60 a pop.
The conversation was around her saying how American Eagle was crazy and stupid for selling them for that much. I pointed out how many people were buying them. I said we should open a shop and sell shirts like that for those prices, think of how much money we could get from the crazy and stupid people buying them. She said that was a great idea. Then immediately realized what I had done and we had a quiet evening after that. >
It's not the sellers - it's the buyers. If there were no buyers of stuff at stupid prices, there would be no point in trying to sell stuff at stupid prices. But, there are buyers, so there are sellers.
This car may be extreme and will probably never sell for half a mil - but in this world there is a chance it could sell to someone with more money than they know what to do with, which is why it's posted.
We were in the mall. American Eagle sells T-shirts for $60. And they are nothing fancy, just go buy a set of Hanes or Fruit of the Looms for $7.99 for a 3 pack and you essentially get the same thing. And yet these things were flying off the shelves at $60 a pop.
The conversation was around her saying how American Eagle was crazy and stupid for selling them for that much. I pointed out how many people were buying them. I said we should open a shop and sell shirts like that for those prices, think of how much money we could get from the crazy and stupid people buying them. She said that was a great idea. Then immediately realized what I had done and we had a quiet evening after that. >
It's not the sellers - it's the buyers. If there were no buyers of stuff at stupid prices, there would be no point in trying to sell stuff at stupid prices. But, there are buyers, so there are sellers.
This car may be extreme and will probably never sell for half a mil - but in this world there is a chance it could sell to someone with more money than they know what to do with, which is why it's posted.
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8,274 Posts
starbucks and other coffee shops have this down to a scienceMy wife and I had a similar "discussion" to this once.
We were in the mall. American Eagle sells T-shirts for $60. And they are nothing fancy, just go buy a set of Hanes or Fruit of the Looms for $7.99 for a 3 pack and you essentially get the same thing. And yet these things were flying off the shelves at $60 a pop.
The conversation was around her saying how American Eagle was crazy and stupid for selling them for that much. I pointed out how many people were buying them. I said we should open a shop and sell shirts like that for those prices, think of how much money we could get from the crazy and stupid people buying them. She said that was a great idea. Then immediately realized what I had done and we had a quiet evening after that. >
It's not the sellers - it's the buyers. If there were no buyers of stuff at stupid prices, there would be no point in trying to sell stuff at stupid prices. But, there are buyers, so there are sellers.
This car may be extreme and will probably never sell for half a mil - but in this world there is a chance it could sell to someone with more money than they know what to do with, which is why it's posted.
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1,235 Posts
Why are you selling? I saw that you stopped by hot rod magazine to get a photo shoot.
My wife and I are under construction and currently don’t have a garage for it. Had a moment of weakness! I can’t sell it, got a storage unit for it in the meantime. Btw I live in a part of the country where people get paid stupid amounts of money for, well I’m not quite sure what someone at Facebook or Apple does, but the idea behind the price was what it cost me, and they wouldn’t have to wait two years.
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1,235 Posts
Very cool, I really like the look of the car, personally. Appreciate you joining the forum hopefully you stick around and post the build! I’d like to see it.
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