I got the Condition right, why is the asking or selling price so much higher than the Value Guides?
1. AUCTION PRICE: Sometimes differs significantly from the values reported here. But that’s what auctions are for, to get two determined and flush bidders wanting the same car. The results can be way over the auction house or value guide estimates. 2. ASKING PRICES:Especially from dealers will usually be higher. Asking prices are not selling prices. Hemmings and the local paper are full of ads that sometimes run for months, with hopelessly optimistic asking prices. Many of these high prices are based on what the person has “invested” in the car and its restoration. These costs have little bearing on market value. 3. CELEBRITY OWNERSHIP: Sometimes it strikes a cord with buyers and huge amounts are paid because of past ownership. Clearly ownership by well known or historically important people add more value, than ownership by an obscure English Lord. Well known provenance can also add value. 4. ORIGINALITY: Completely original and well-documented cars have sometimes found a market well
