"Oh yeah – I get being aversive to risk after spending that kind of money – but then why buy it if you're that worried?" I argue. "To be fair, if you spent that much, you would wisely insure it for that amount if the cost actually reflects the value – so you would be covered there. The reality is that these auctions are playgrounds for rich people who are either speculating that their purchase is going to continue increasing in value, or their own personal ego boost to say they have such and such a car that's really rare. If they go anywhere, it's almost always in a trailer."