[CR]Re: Values

(Example: Production Builders:Peugeot)

From: "David Fryer" <maximalist@bigpond.com>
To: <Classicrendezvous@bikelist.org>
Date: Sun, 10 Apr 2005 09:14:03 +1000
Subject: [CR]Re: Values

There are 3 main values. Well, 4 really:

Insured Value - the amount required to buy a replacement - often at top dollar, plus costs involved in replacement. The latter can exceed

the actual purchase price.

True Value - The marketplace decides. Auctions usually set the bench-mark. Ignore major aberations such as top end blow-outs and bottom end flops.

Scrap Value - Whatever you can get for it at the recyclers.

Nostalgic Value - Sometimes priceless.

With regard to second-chance offers on Ebay. Someone bidding to $4,400, but only willing to pay $3,000........ Really? Beware of scam bidders. It is common practice for some vendors who get friends to bid on their behalf. This bumps the price up. I have encountered several sellers who have an active network for this very purpose.

David Fryer, thrice burnt in sunny Queensland...