A few days ago, many of us expressed how excited and/or anxious we become when spiking and/or winning eBay auctions. It's EASY to get caught up in the moment/excitement, etc., etc..
To that end, classic car auctions are 100 times worse, often we've seen buyers OVERPAY - they get swept up in the frenzy, or they're showing off, or they get pressured/manipulated, they can't let the other guys win, etc., etc...
Here is a PERFECT example:
Yesterday, this 8,000-mile original 1994 Cadillac Fleetwood gaveled for - ARE YOU READY - $93,000 😮 😯 😲 I'm a Cadillac guy who also loves these last TRUE Cadillacs but $93K is just lunacy!
It's got the low mileage going for it. It looks to be in great shape. Could be the guy has a special attraction to that specific car, either the year, color, options or family history of one. OR, he's a gang banger, knows the car and realizes there are millions stashed in the trunk floorboards!!
Depending on where you live in the country, pick ups are high in price. We southerners LOVE our trucks and the dealers know it.
Some of Ford's newer F150's with the lifted Black Widow features, are real high.
Here's one based on the lowly xlt
....what am I missing? 🤔 🤔 🤔 What does six-figure prices of late model pick-up trucks have to do with some joker overpaying for a 1994 Cadillac Fleetwood Brougham Sedan?
Six-figure pick-ups sell, period.
I suppose one could argue that consumers are overpaying but that's the ONLY way to get one; if THEY don't pay that, someone else will. Whereas, in the case of this '94 Cadillac, hundreds could be had for MUCH less - maybe not with 8,000 miles but certainly below 20,000.
Is a difference of, say, 12,000 miles worth an increase in price of $78,000 on a '94 Cadillac? 😳 🤪 😵 🤪 I think not.
Wow, that is insane.😲
Trucks are very popular here in Ohio too, I’ve owned several in my lifetime. They are unquestionably very, very useful for everyday needs, and fun to drive. I was in the minority in that I would actually use the bed to haul mulch, gravel, and the occasional home appliance or lawn tool. I stopped considering owning a pickup when they started reaching the size of a semi tractor and costing the price of my first home. To me they are rolling road blocks that slow down for every painted line on the road for fear that their 12 inch lift kit might be damaged. And when you think about all the myriad options they offer, why don’t they include turn indicators? The best part for me is seeing one of these monsters parked in two spots and seeing the 5’-5” wannabe cowboy climbing (or falling) out.
@chris I think what I was trying to convey is that I don’t think it’s any worse for someone to spend what I personally think is a ridiculous amount of money for an old Caddy, than people willing to pay an enormous amount of money for an overpriced cash cow glorified pickup truck. I was using pickups as an example. I don’t feel that either of them are worth the cost, but like the old adage go’s, an item is worth any amount a person is willing to pay.
@kevins That's what I thought.... but as I noted, this is different.
- Six figure trucks sell: that's the OEM MSRP. Those who want one must and do pay that price despite your belief that it's an obscene waste of money.
- However, this same '94 Cadillac can be acquired- more or less - for a FRACTION of what it gaveled for.
- Spending $93,000 for this '94 Cadillac is analogous with someone looking at an endcap of bread, on sale for $5.99 a loaf, but then pays $86 for theirs.
- True enough, EVERYONE has the right to spend their money however they deem appropriate, but to overpay for a '94 Cadillac by $78,000 (roughly ) is, well, you know.... 🤪 😳 😲 🤪 😳 😲 🤪
If the buyer is happy that is all that counts.
My (late) parents had this ‘94…We sold it in 2025, about 4-6 months before they passed…it had 68k miles on it. Great car!
Zeeky Banutski
The People’s Republic of Maryland
As nice as it is, if I wanted to spend, or could afford to spend that kind of money on a Caddy. It'd be a vintage model. Probably a '62, or a '58, even mint, low mileage examples general sell well below that. Barring exceptions. That's just me though. 😁
The free enterprise system at work.






