Just because someone pays a high asking price doesn't mean the product wasn't overpriced to begin with. People are weird and if they have lots of money will often spend it on stupid chit just because they want it.
I'm pretty convinced that if I wanted to buy a nicely finished musclecar for a reasonable price I should attend a Barrett Jackson auction. I always see cars that have probably $60k+ spent on them selling for half that at those auctions.
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'72 Formula 400 Lucerne Blue, Blue Deluxe interior - My first car!
'73 Firebird 350/4-speed Black on Black, mix & match.
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