There is a song by Pearl Jam called “Soon Forget” that opens with these lines: “Sorry is the fool who trades his soul for a corvette. Thinks he’ll get the girl he’ll only get the mechanic.” I was immediately reminded of those lyrics when I came across this 1958 Corvette barn car that was sold at a Canadian auction over the weekend.
The Corvette was part of an estate sale in Milton, Ontario. Sitting for over 30 years, the Corvette looks complete, but no where near driving condition. But that didn’t stop two enthusiastic bidders from driving up the price. The Corvette sold for $37,500 but when you factor the hidden costs, 10% sales commission ($3,750) and a 13% sales tax ($4,875), the total selling price jumps to $46,125 Canadian.
What do you think? Is this Corvette worth the selling price or did the buyer overpay?