It’s easy to make jokes about the auction prices paid on Bring-A-Trailer. Low-hanging fruit, really. But this one feels particularly extra bonkers. What you see above is an absolutely wonderful example of the Buick GNX. Per the listing, Buick cranked out just 547 examples and this one is #255. On top of that, it’s in perfect shape and has just 1,200 miles on the odometer. And that’s enough for someone to plunk down $215,000 for it, apparently.
According to Hagerty’s valuation tool, a Concours-ready car is worth $200,000. But that’s literally accounting for the one here that just sold and destroyed the market for these. Especially seeing as this car is overvalued by $80k-$100k. Still, a car is worth whatever someone is willing to pay for it. And to this buyer, that means this GNX is worth a ton.
You can make arguments for and against this sales price. I’ll nod along to all you have to say too. But in no universe is this a “good buy” at this price. This vehicle has set a new market top point. And I will print out this article and eat it if this number is ever bested by another GNX.
Now… if the buyer is actually going to drive the thing then rock on. But as an investment, this GNX is like buying Dogecoin at $0.68 and clapping and cheering about your new investment.