Price is Right
If you haven’t checked in on CBS’ The Price Is Right in a while, you may be in for a shock. The stakes on the daytime game show have been raised considerably. On Monday, the show gave away its most valuable prize ever — a $157,300 sports supercar, according to CBS.
Can you sell a car you win on a game show?
You’re allowed by IRS rules to use the fair market value of any prize you win instead of what the game show says it’s worth. Game shows notoriously inflate a prize’s value, so I spent a good week or two looking around for those same (or similar) items in stores and catalogs.
Can you take cash instead of prizes on The Price Is Right?
So why don’t The Price Is Right contestants just take the cash value instead of the prizes? Simple: the game doesn’t offer cash value. “There is no cash value option,” explains Aurora’s Blog. “They make it super clear in all of the paperwork – you take exactly what you won, or you take nothing.”
What was the value of the car on the game show?
The car itself was valued by the game show people at around $7,800, which was close to the full MSRP for that model in 1986, believe it or not. So what about the process was a pain? Very little, other than dealing with the taxes. This is how it went for me:
What kind of car did I win on Jeopardy?
I solved the phrase “Even-Tempered” and won a 1986 Mazda SE-5 pickup. The above photo is a grainy screenshot from the old VHS tape of when I was on the show. Vanna is directing me to the driver’s seat, and Pat Sajak is quietly setting my lav mic down on the floor. My then-girlfriend, and now wife of 33 years, is on the other side of the car.
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