New BaT record? 2K mile 2005 already at $280K, still a week remaining

$307k, 15 minutes to go.

When I sold my 16k mile 2005 on BaT for $176, I thought I did pretty good. There was one potential bidder who just HAD to have under 10k miles. He ended up finding a 3400 mile car on BaT and paid over $100K extra for that low mileage.

To me, the thing about a very-low mile car is that you really can't drive it without plummetting the value.

It will be interesting to see if there are two guys that really want this car, and just how high they will go!
 
$307k, 15 minutes to go.

When I sold my 16k mile 2005 on BaT for $176, I thought I did pretty good. There was one potential bidder who just HAD to have under 10k miles. He ended up finding a 3400 mile car on BaT and paid over $100K extra for that low mileage.

To me, the thing about a very-low mile car is that you really can't drive it without plummetting the value.

It will be interesting to see if there are two guys that really want this car, and just how high they will go!

These cars will likely never be driven and will just sit in someone's collection. The premiums are reserved for one-owner cars with extremely low mileage.

Any NSX with decent mileage tends to sell for less because buyers are looking for those to drive, not to store in their garages.
 
I think I am going to go out and put some miles on my '05 today... because they are so much more than an art piece!
 
To me low mileage cars are not "healthy", just think of how long it sat inbetween drives, the bad fuel that went into the engine over all those years...

And this is a 90s-2000 era car, I still remember the OD roll backs ppl do in those days, and nowadays its the mileage stoppers...
 
Of course, given my last NSX purchase (3400 mile garage queen) I’m bound to have lots of opinions on the matter.

First, I chose a low mileage car simply because I planned to put a ton of miles on it and wanted to start with a solid, known foundation. As some of you may recall from a previous post, I promptly took the car on a 700 mile tour of New England the day I bought it. Thus, not all of us who buy low mileage cars intend to treat them as investments or as precious collectibles. As a matter fact, I now have about 11,000 miles on my car and will be driving it repeatedly in the canyon for the entire Christmas holiday if I have my way :-). I have considered the consequences of putting mileage on my car exactly 0 times during my ownership.

As to a car being damaged by long-term storage, I think this requires a case-by-case analysis. I spent about $7000 at SOS getting the car roadworthy after it’s 30 years sleep. However, having now wrenched on the car myself in various and sundry ways, I can tell you that I am thrilled that the car only had 3400 miles on it as opposed to 340,000. I don’t like other people‘s cooties and I don’t trust other mechanics to touch my car unless it’s a specialist. Low miles means less opportunity for the local grease monkey to have their evil way molesting the car.

I figure I probably paid a $50,000 premium for the freakish low miles on my car. Best money I ever spent.
 
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