1973 3.0CS on BaT... again (earlier sold in Jan 2022)

[rsporsche]

this car sold for 75k in 2022. i haven't looked that closely at this car, but i don't think we are seeing signs of a total market comeback ... i think we are seeing a few bits of refreshment. when we see a car that is worthy, we are seeing reasonable numbers. Charlie's 2002 turbo was a very good result that @HB Chris was able to bring home. the point is, we aren't seeing that many great cars at the moment.

 

[teahead]

$80k USD is prety good for a #2 or high #3.

 

[HB Chris]

Not a #2

 

[teahead]

Not a #2

You think that was a #1 condition car?

 

[rsporsche]

you need to go the other way - condition 3

 

[HB Chris]

#3 minus

 

[CSteve]

3 minus on a really good day.

 

[Dick Steinkamp]

Hagerty's Price Guide is not the last word in market pricing for various conditions but we all probably use it to some extent when pricing a car we are interested in.

Here's a description of Hagerty's condition definitions...

Classic Car, Truck and Motorcycle Values | Hagerty Valuation Tool®

What’s your classic cars value? The Hagerty classic car valuation tool® is designed to help you learn how to value your classic car and assess the current state of the classic car market. We also offer classic motorcycle values and classic truck values.

www.hagerty.com

Here's how Hagerty prices the various conditions for a 73 3.0cs

This car sold for $80k recently, and $75k 3 years ago. Both sales put it between a 2 and a 3. If it's condition is actually between a 3 and a 4, what should Hagerty be showing as price points for a 1, 2, 3, and 4 for this car?

 

[rsporsche]

remember, Hagerty sells insurance ... a condition 1 car is pretty rare, they exist but not as many as people think there are. a condition 2 car is a great car.
on BaT, some buyers don't know what they don't know ... see a pretty car and think its better than it actually is. i don't think this car was anywhere close to a condition 2 car.

 

[teahead]

man, if that car is a 3-, my POS is probably a 6.

 

[Minivansomeren]

man, if that car is a 3-, my POS is probably a 6.

I know… I respect the expertise of those valuing this a 3- but I guess it just underscores how this valuation system is really only there for those buying/selling top-dollar concours contenders.

The differences between a 1 and 2 are so minuscule, and then there is such a huge range of cars between a 3- like this and a 5+ with incorrect parts and broken stuff and rust… maybe we need to keep the 1-3 as they are and just extend the range all the way up to 10