$140,000 is a LOT of money for a 1979 Lincoln...even a collector series version.
I have been participating with BaT basically since its inception and there are a few things I keep in mind to help me unravel some of the mysteries.
1) Any agreed upon deal between a buyer and seller is a good deal... to them. Nothing else really matters because they made the deal and they figured things out for themselves.
2) Any time I get to thinking I understand the value and market for vehicles something happens to blow a big hole in that theory.
3) Sometimes the "reserve not met" auction ending, of a very high price offered, is just as astonishing as a very high selling price. It also makes me wonder what the reserve was and why BaT authorized the auction in the first place. I have been involved with the potential sale of a few vehicles that were refused because the reserve was too high and BaT said no because of that... Even though the reserve was not even close to the high prices paid for similar vehicles in similar condition. It makes me wonder.
4) When I see a very high price paid for a vehicle like the 1979 Lincoln (I really like that era Continental by the way so no hate here) it also makes me wonder if a percentage of the high vehicle sales is really money laundering... When I see modified early Broncos selling for $300,000 - $500,000 I just have to wonder why... same with seeing a 1979 Lincoln (even if perfect) selling for $140,000.
It IS a very nice car, and you will likely never ever find another in similar condition, but still... $140,000?
Then I revert back to answer #1 and go about my day because the buyer/seller agreed to the $140,000 (plus fees and taxes which will be in the $22,000 range... which is what a really nice 1979 Lincoln usually gets when auctioned as the selling price)
Bring a Trailer is an unusual auction site that offers a lot to take in if you are so inclined.
