The long version

The dealer-markup crowd treated allocation letters like scalped tickets, changing hands for a profit before anyone had driven the LT6 in anger — an engine that revs to 8,600 rpm and deserved better than idling at a meet. That speculation has already round-tripped: values sit below where they opened, the rare case of markup money losing instead of printing. The buyers who kept theirs and actually use the redline are propping the score up past where a badge this diluted usually lands; everyone who bought the letter instead of the car is currently underwater.