I'm demoralized when I see stuff get flipped like this. This post was just lamenting the current state of price gouging. Everyone thinks their junk is worth 60-90% more than it really is, thus artificially pricing things out of reach for the common buyer. Am I naive? Maybe.
I've sold 5 cars over the last 4 years and took a hit on all of them. I did in fact set initial pricing at the higher end (but not an unreasonable 60-90% higher). Accordingly, there were only lowball offers and/or little to no interest. I held on to some of the cars for over a year. Eventually I relented and sold all at a loss. That's obviously how it works.
Like has been said before, this used to be a somewhat cheaper hobby but now you need to take a second mortgage out to enjoy it. Again, my belief is that the initial buy in for a clean but lower level car is out of proportion to what the cars are actually worth.
But in the end, worth is determined by someone who pays too much, not the seller fishing for a profit.