Why do rod owners "over-estimate" the value of their rods?
On craigslist, a feller here in town has a fiberglass 29 Roadster rat rod with a 350/350 combo for sale and is asking around $6600 for it. I emailed him to see if he was interested in trades, after a few emails he tells me he'll take my 1974 2dr Nova (I value it around $5200), a 4-71 blower (had a $500 rebuild and conversion done a year ago, hasnt been run since conversion), offenhauser 6-71 manifold, 4x Brand new 29x15.5x15 Mickey Thompson sportsman pros, 2x brand new 15x12 Weld Draglites, t5 tranny, complete 68' Vette 327sbc /w 64' vette fuelie heads, totally complete 142 weiand supercharger, and $1200 cash for the 29' rat.
I told him no thanks, he's asking way too much for it, he says "Thats Fine, It'll be up on ebay in a week for $10,000"....
Heres the link to the listing..
http://lasvegas.craigslist.org/car/246819825.html
I love ratrods, im currently on my 3rd one, but I cannot grasp the idea of throwing $3000 or $4000 worth of parts together and selling it for 3 times that much (face it, unless your job title is "rod builder", the time spent on the rod means next to nothing to the buyer). This same guy was selling another roadster pickup on ebay and was asking $13,500 for a $7000 rat.
My questions...
Are idiots like these very common in rodding? Am I an idiot? Why is it that if something is primer black with some red somewhere on it they call it a "rat rod"?