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Topic starter
12/02/2022 7:12 pm
12/02/2022 7:54 pm
Me too, but I would never pay that price for one.
Topic starter
12/02/2022 11:40 pm
@carsman1958 Yes John, at least its showing that the quality of WCPD models is being appreciated in the secondary marketplace.
John Napoli and John Napoli reacted
13/02/2022 2:18 am
@carsman1958 Yes John, at least its showing that the quality of WCPD models is being appreciated in the secondary marketplace.
I only kind of agree. The price is hefty, but it only shows that someone paid what someone was asking for it. It's the case with any transaction. A seller has to find that ONE person that will pay his price. But in my opinion, that doesn't mean the car is really worth that. Finding someone to pay that price isn't easy.
George Schire
Oakdale, Minnesota
13/02/2022 2:21 am
That is insane! George, you are absolutely right.
Topic starter
13/02/2022 3:18 am
@georgeschire I'm still inclined to say its a market price George, there were 38 bidders, so obviously more than 1 person drove it up to that price. However I will add it is only a market price for that day, or that auction even, but (assuming) that is the last recorded sale, then that is the current market price as determined by 38 bidders who wanted to buy the product. $1203 is the current market price until the next sale for the same model. In this case also I'd suggest it was pretty easy for the seller to find a buyer, all they had to do was list it on ebay. IMHO of course!
13/02/2022 9:48 am
@georgeschire I'm still inclined to say its a market price George, there were 38 bidders, so obviously more than 1 person drove it up to that price. However I will add it is only a market price for that day, or that auction even, but (assuming) that is the last recorded sale, then that is the current market price as determined by 38 bidders who wanted to buy the product. $1203 is the current market price until the next sale for the same model. In this case also I'd suggest it was pretty easy for the seller to find a buyer, all they had to do was list it on ebay. IMHO of course!
Your points are well taken. However, I'm going to share with you that I have two friends who over the years have played "bidding war" game on many transactions they've been involved in. What they do is create fake bids to drive up the price of something on eBay, and I've heard of others doing this too. If someone bids, then one of them will go in and place a "fake" bid, thus driving up the price. I personally have never purchased anything on eBay, so I don't know for sure if there were really 38 bidders for that car, but knowing that people do this type of "fake" bidding is enough for me to stay away from eBay. This said, over the years I've purchased several cars from the Diecast Zone Auction site (before it left us last year...sure hope it returns), and I've done so, because I feel I can trust our fellow collectors here on the Forums. And this is IMHO of course as well. 
George Schire
Oakdale, Minnesota
13/02/2022 10:28 am
I agree George. This was the first thing that came to mind when I saw the ridiculous price this Chevy panel apparently went for. I am sure it does happen occasionally; such is the auction process.
Topic starter
13/02/2022 4:24 pm
@georgeschire yep and your points are well made George. In the cases you describe the market was distorted by unscrupulous individuals/buyers. Some years ago here in Melbourne we used to have property auctioneers take bids from "cats in trees", where the market was distorted by rogue sellers agents.
13/02/2022 4:42 pm
@georgeschire yep and your points are well made George. In the cases you describe the market was distorted by unscrupulous individuals/buyers. Some years ago here in Melbourne we used to have property auctioneers take bids from "cats in trees", where the market was distorted by rogue sellers agents.
And sadly, since I know this can happen, I will never get in to a bidding war on a model.
George Schire
Oakdale, Minnesota