Hi everyone. Was looking through my March issue of Hemmings Muscle Machines. In the back they profiled a late 2018 Bonhams and Worldwide Auction sales. A total of 15 cars were shown, out of how many, I don't know. (Yes I do. 109 of 135 sold). Not a one sold for the average selling price. Some considerably less. For instance, a 1957 Corvette in #1 condition, sold for $106,400.00. Average selling price for that car is $190,000.00. In the narrative it was claimed that they gave it a $161,000.00 restoration. WOW . Someone took it on the chin. Seven had an undisclosed reserve and 8 had no reserve at all. Two of the undisclosed reserve did sell, but again, for less then the average selling price. So, what's ur spin on this?? Car prices coming down?? Maybe a bad day at the auction?? Tough time of the year?? They collectively sold abut 38 million dollars in cars, so they can't be that small. I don't know what to make of it myself, Carmine.
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