087: The Math Behind a New $3,000,000 Corvette

Posted on: September 24th, 2020 by

Would you pay $3,000,000 for a new $75,000 Corvette? Yeah, me neither. But Rick Hendrick of NASCAR fame recently did just that! Listen in as CPA Scott Ellsworth walks us through the math behind Hendrick’s $3M Corvette whose proceeds benefited the Detroit Children’s Fund.

Learn more about the purchase here: https://www.forbes.com/sites/christeague/2020/01/19/corvette-c8-vin-001-sells-for-3-million/#153c523a5824

Learn more about Scott Ellsworth here: https://www.ellsworthcpa.com/about.html

The Car Collector Podcast is the home for the True Auto Enthusiast. Join RM Sotheby’s Consultant Greg Stanley as he applies over 25 years of insight and analytical experience to the collector car market. Greg interviews the experts, reviews market trends and even has some fun. Podcasts are posted every Thursday and available on Apple Podcast, GooglePlay, Spotify and wherever podcasts are found. See more at www.TheCollectorCarPodcast.com or contact Greg directly at Greg@TheCollectorCarPodcast.com. Are you looking to consign at one of RM Sotheby’s auctions? Email Greg at GStanley@RMSothebys.com.

Greg uses the Sports Car Market and Hagerty Valuation Guide for sourcing automotive insights, trends and data points.

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