Is it really sold? The seller has an auction for a documented small block car on right now with bids around $10K. However, here is the auction for the same car that ended on May16/09. No mention of it being relisted due to a deadbeat bidder or other problems?
http://cgi.ebay.com/ebaymotors/Chevrolet...%3A1|240%3A1308
http://cgi.ebay.com/ebaymotors/Chevrolet...%3A1|240%3A1308
I could be wrong, maybe he has a matched set.
The only thing that I believe about E Bay car auctions is the "completed listings" section. Nothing but a sea of red ink for unsold vehicles.And in this case maybe even the completed listings section is not believable.
I still use E Bay, just as an inexpensive way to give a car exposure that may lead to a sale.But as an indicator of prices?
In the stock market paying too much for a given stock because someone else is ready to overpay is called "The greater fool theory". If the next person is willing to pay $60K for a car then I can't be too far off in paying $65K. But what if the $60K bid is not real?