I'm not trying to defend Vref. but my understanding is that Vref reflects the price paid, not the price asked. Also, when one modifies the base price given in Vref for items such as condition, radios, engine time the prices don't seem out of line. When I bought my airplane last Sept. after negotiations I paid just about the Vref price, and I think I got a really nice airplane. Sorting through TAP I found some outlandish asking prices that were so far out in left field that I didn't even enquire.
I guess it's all in the eye of the beholder.
George
