Agreed Value

Gernstetter said:
self vandalism is not a reason for a car company to cover a loss in of itself. However, my restoration shop ran a vent cable cover (metal) in the wrong place on my 55 Tbird and it caused the entire engine compartment to go up in flames...as it came free and touched the positive battery terminal....moral to story is the following....if you have an electrical problem which causes a loss beyond the wiring, it should be covered, the other hint is to always put something around the positive battery terminal so that it can't be touched by the wrong grounded metal. At least once a year with 40 year old cars, everyone should get several ****tails and a very good flashlight and peek just about everywhere there are wires....it is a pain to replace the wiring in a car and most folks, including me, did not replace the wiring harness in my car, just checked it all very carefully and replaced a couple of single wires that looked a bit tired...in this specific case, any wiring in the circuit, including any relay for what happened behind the dash or wherever is now compromised, and should be carefully inspected or replaced....
Click to expand...

By the way, Hagerty paid for the loss without question on the Tbird....and I am amazed that adult beverages with the first four letters that refer to anatomical parts are blocked by this website....I have always thought that BMW owners also enjoy adult beverages that begin with four letters that, well, you know....or should know. Cheers.
 
Gernstetter said:
By the way, Hagerty paid for the loss without question on the Tbird....and I am amazed that adult beverages with the first four letters that refer to anatomical parts are blocked by this website....I have always thought that BMW owners also enjoy adult beverages that begin with four letters that, well, you know....or should know. Cheers.
Click to expand...

Oh, and the Chicago police gave me a ticket when I pulled the Tbird over when it caught fire and I parked it in front of a fire hydrant.
 
Anybody use a carrier that would take an appraisal done by folks that actually know what they are talking about like La Jolla Independent or Coupe King ?
 
TodB said:
Call me the curmudgeon, but:

I am having a hard time reconciling that each time you invest maintenance money in your car (and to me a paint job is longer term maintenance), you expect the value to go up by the same amount. There is no doubt the value of these cars is increasing, bu I think we've got some owner bias going on here also.

Of the coupes I have seen on the east coast, albeit most in the northeast, and in my unexpert opinion, only two, maybe three, warrant valuations above $50K and I think that's a stretch. Those would include Mike Balaban's because it is stunning throughout and Duane Swords because of its Alpina pieces and tribute.

The rest I have seen are nice or really cars but I would but them in the $40-55K range. I do not consider myself a collector expert by any means so I could be totally wrong (and hope that I am). These are my impressions and opinions only with no offense intended.

In the end, the market will decide.
Click to expand...

Tod,

The market really has changed in the last two years, it's even hard for me to believe sometimes but it's a fact. Very nice coupes are now commanding $70K or more and a repaint enables owners to realize these amounts, it's not a maintenance thing. I used to say spend at least $20-25K to start but now it is $30-35K after which you will still invest a tidy sum. Private sales have been up there for a while from well know restorers, we just don't hear about them often.

Chris
 
TodB said:
Call me the curmudgeon, but:

I am having a hard time reconciling that each time you invest maintenance money in your car (and to me a paint job is longer term maintenance), you expect the value to go up by the same amount. There is no doubt the value of these cars is increasing, bu I think we've got some owner bias going on here also.

Of the coupes I have seen on the east coast, albeit most in the northeast, and in my unexpert opinion, only two, maybe three, warrant valuations above $50K and I think that's a stretch. Those would include Mike Balaban's because it is stunning throughout and Duane Swords because of its Alpina pieces and tribute.

The rest I have seen are nice or really cars but I would but them in the $40-55K range. I do not consider myself a collector expert by any means so I could be totally wrong (and hope that I am). These are my impressions and opinions only with no offense intended.

In the end, the market will decide.
Click to expand...

A couple data points:

Recent sale in SoCal for $65k.
http://www.e9coupe.com/forum/showthread.php?t=15775

Chassis no. 4310374 built by La Jolla Independent went for $110k at RM ('74 Black and Tan CS with 3.5, 265, etc.)
 
I am with TodB on this. As a further data point, hunting ridge motors has several coupes on its site in the 50-70k range and they are not exactly flying off the lot. I hope to travel there this June and check them put for myself and see what kind of condition they are in. The white one that was on BAT a while back for low 30s intrigues me.
Scott
 
22405XX listed for $79.5k. 72 CS (US Vasek Polak import) 67k miles, window stickers, tools, etc. Not sure what it sold for. Sounds like it had lots of interest.

IIRC, Bluemax sold north of $50k. Maybe the buyer can let us know, but for some reason folks here dont always want to divulge sale prices.

I think Carl has a CSI listed at +$90k.

I can't explain the bifurcated sales prices but there are plenty of examples of non-Bats selling well north of $50k.
 
David said:
22405XX listed for $79.5k. 72 CS (US Vasek Polak import) 67k miles, window stickers, tools, etc. Not sure what it sold for. Sounds like it had lots of interest.

IIRC, Bluemax sold north of $50k. Maybe the buyer can let us know, but for some reason folks here dont always want to divulge sale prices.

I think Carl has a CSI listed at +$90k.

I can't explain the bifurcated sales prices but there are plenty of examples of non-Bats selling well north of $50k.
Click to expand...

unfortunately, the only way to know what your car is really worth is to sell it.
 
The market really has changed in the last two years, it's even hard for me to believe sometimes but it's a fact. Very nice coupes are now commanding $70K or more and a repaint enables owners to realize these amounts, it's not a maintenance thing. I used to say spend at least $20-25K to start but now it is $30-35K after which you will still invest a tidy sum. Private sales have been up there for a while from well know restorers, we just don't hear about them often.
Click to expand...
Believe me, I hope the values are going up and agree that they are (about time!). Like I said, I can see the $40-$55K range for really good ones, but I have trouble going beyond that except for certain, very unique examples with CSLs obviously well above that. And there seems to be more $ out west then here in the east.

I didn't buy my coupe as an investment. I bought it to drive it, flog it, enjoy it. If it goes up in value, that's a bonus. Chris, I know that you are closer to this stuff than me and I am certainly not complaining especially if the values are really as high as you say. Some of disbelief is me as well. My price point for literally everything stopped around 1979 :).
 
You must log in or register to reply here.
Back
Top