For something like this, you have a limited number of potential buyers (someone who owns a GNX but does not have the jacket). You may have to wait for the right buyer to come along.
My point is....for someone seriously in the market for a jacket, they would not bat an eye at $1,850.
Don't forget, you may also have some people that own them that bought used and aren't even aware the jacket exists. I know that may be hard to believe, but just because you have disposable income doesn't mean you're knowledgeable about what you buy and own. I've ran into several people that had an 84
H/O and didn't know they only made 3500 of them. And I've run into people with tons of $$ and were clueless about lots of things you wouldn't think they would be (kind way of saying they were a rich dumbazz).
Going by your point, then nobody is that serious then since it didn't get purchased right away, or even as yet, depending on whether it sold or not. Which if not, it means the price is still too high. Supply and demand rules the day on every sale. Someone seriously looking for one would have found it by now because I'm sure everyone in the GN world has at least looked at TB.com and they would have had to find out where they were. Or was able to find one at a better price. I'm not wholly convinced of your analysis, although it has plausible merit. People that have money usually know how to make it. But I'm not convinced it will "easily" sell for the asking price. AFAIK, it hasn't.
I could see that price if the jacket was somehow linked closer with the car, such as the car number was embroidered in as well (I wish they would have been because that would be pretty cool). Or an actual unobtanium part for the car. But it's not. It's a piece of swag. A rare one, but for $1850, I could probably get someone to make me a NEW clone of it. Folks with tons of $$ usually have a tailor anyway who can make this happen. And if I'm wearing it, likely nobody would know it was a clone. I don't have a dog in this hunt, because I don't need that jacket, or I'd have already tried to negotiate a sale price a long while back. And of course, emotions have absolutely no place in my pricing evaluation. I don't always look at TB.com, but when I do, I'm looking for cross over parts that fits Cutlass too...
🙂
I see the price tag as still too high based on the data available. But I also see the
value due to rarity needing to elevate the price tag as well. And something like this jacket is kind of tough to get the right value since there's a very limited supply and sales data to come to a relateable price point. Since demand is largely dependent on price, the seller may not be motivated enough to sell, since $2500, or even "slashed" to $1850 seems to be the asking price and it still hasn't moved to my knowledge. And if they don't need the money, then whether is actually sells or not is of no consequence. The buyer will always be the one to determine the actual sale price, because this is the direction from which the money flows. If they wanted to pay $2500 for it, which someone with a lot of money easily could, it would have been gone already. The fact the price was lowered after a year exhibits, to me, the original tag price suppressed demand.
There's always a butt for every seat, or a back for every jacket, so at this price, someone may stumble into it and buy it for the asking price. There's always that ONE guy...and all it takes is one.
