I was doom-scrooling through BAT and saw a Land Rover D3/LR3 that went for 50k a few months ago. Wasn’t even a hard to find configuration, by any means, and it had high five digit miles. This doesn’t seem to be an anomaly either. There was an STi that went for well into six figures as well, although that was much rarer and much cleaner.
Who the duck is paying those kind of prices???
The BaT user base is absolutely massive. It’s simply a function of competition.
In some cases you’re competing against people like Jerry Seinfeld, for whom spending $200k on a Porsche 912 is nothing. In fact, it’s more than that, in some cases you ARE bidding against Jerry Seinfeld.