1971 xy phase 3 auction

[Metdevil]

Originally Posted by Dr Smith

I won't call you skeptical because of fairly good sourced rumours that these buyers and sellers are often very well known to each other or through the selling agents. One conspiracy theory is the more expensive cars of late have been "traded" between a group to keep interest high and valuations higher.

If I have 1-1.5Mill to burn I'd be getting flying lessons and a very light jet or a DA62 at least

This is exactly what I'm getting at, it's what caused the Collectible Coin bubble in the 80's and it's what's causing the vintage games bubble now. The buyers are just a group amongst themselves selling back and forth in order to drum up a media response.
It also doesn't help their case that Lloyds are the only classic car auction house in Australia who do not disclose their purchase history. Can't carry out your due diligence if there's no purchase history to confirm the legitimacy of the purchases they're basing the valuations on. Legitimate buyers have no choice but to trust the media reports that Lloyds are pushing out to journalists.