I really don't think anything else needs to be said here, but riddle me this: a (historically) low-mileage Porsche 968 sits on the Hemmings classifieds for a few weeks at $75,000. No one buys it.
It goes onto Bring A Trailer, and sells for $164,000. For a 968. You know, the car no one wanted. A front-engine, water-cooled Porsche that is basically a 944 with a revised front end. A car you could have had for nearly $100,000 less if you just scrolled through the Hemmings classifieds. I'd love to know if the buyer actually did see it listed beforehand and somehow came to the conclusion it was a smarter / safer buy on BaT for $100,000 more.
But surely, no one is that stupid - right? And certainly not some titan of industry, who bought the 968 with zero photos of records or any documentation that established it as being the car it was represented to be. The words of the listing indicated a timing belt change was performed, but we don't get a shot of even a parts receipt? I'd welcome an explanation that isn't based in BaT marketing hyperbole as to why you'd pay more for less, which is exactly what buyers on BaT are getting in cases like these.
Of course, this is ignoring the fact that the 968, objectively, does not deliver $164,000 worth of driving pleasure. And even I said this publicly, someone would be right there shouting that "The market has spoken!" And that I should shut up and earn more.
OK - but what if the market is wrong? That's never happened, right?