The value of the coupe

CookeD

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Re: Why a Coupe--and what is its worth?

tripower said:
There is a buyer for that fine Coupe at or near its asking price of $43.5

JMT

Nice stories but he still isn't getting 43.5 for that coupe.

Say what you will about this post, but this "nice stories" comment is still my favorite.
 

racerxx

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Alright Boys

You both (G and TripPower), make good points. As far as $43.5 for an exceptionally clean and restored coupe; not a lot of money.

As far as these buyer's guides and price guides, they're mainly in the business to sell buyer guides, I wish I could buy some of the cars they say you can purchase for x amount of money.

For collectors, an original unmolested, unrestored car is invaluable.

For a guy that wants the best restored, rebuilt, beautifully repainted car to drive to the country club, he'll take the latter every time.

And lastly, as far as G's, "entire post...simply does not know what he's talking about...” He did say, "CNN is B.S.", so at the very least he's right there.

Maybe we could settle this on Pinks!


John Raho - Westport, Connecticut
 

ccr2002

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i'm glad i got mine already

I don't know what i would have had to pay the daughter/widow of the original owner if she'd seen this thread prior to my purchase last Sept. I have now rebuilt the carburetors (thanks Murray for the lead) and put on Alpinas, new brake lines and did the 30K major service. It runs beautifully. I wouldn't have paid 43K for it...but now wouldn't sell it for that...which is illogical.

http://www.e9coupe.com/forum/viewtopic.php?t=719
 

blumax

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Price for Coupes

The price that pristine examples do command seems to surprise those who have seemingly:

1) never had a fine example in hand.
2) may have never seen one.
3) be unwilling to accept there are enthusiasts--apart from collectors who will pay top $'s for top cars
4) haven't as yet come to the realization that a complete, correct restoration to factory standards will exceed $40K today--when starting with a solid example.

FYI-over two years ago I placed a 3.0CS with 33K documented original miles--perhaps the best original CS that I have seen since they were new--and nicer than the 3.0CSi discussed ad nauseum above--with a major collection for $45 K with no quibbling over price!! Other fine ones I have placed have gone for as high as $35K and are worth it. Further--I would be unwilling to offer the BLUMAX with 407 K miles for sale for $40 K as I know it would sell quickly!!

ABOVE MY EXPERIENCES--NOT CONJECTURE
 

Malc

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Well people
This has been an entertaining thread and I can see merits in all the arguements. I haven't a clue what the bucket is worth, well I do, scrap steel prices are pretty good at the moment... so about 50quid (~100 US dollars)
but to me it's priceless... why?
1... My welding seems to get better and better
2... My panel and repair section manufacturing skills are improving.
3... My Shed, cups of tea, and friends popping by to help or just for the banter.
4... The challenge of taking a piece of sh*t back to some form of glory.
5... It keeps me sane....working on it after a day at "work".

Yes I have spent a shed load of money on it and I still have a long way to go. Yes I am really slow! Some may think I am nuts for taking such a hopeless case on, but to me there is a certain satisfaction in being able to resurrect this car.
Malc
 

iconoclast6

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About Value:

Early on in my search (a little more than nearly 2 years ago) for a coupe worth having, I was directed from the owner of one of most exacting 2002 restorations (www.my2002tii.com) I've ever seen to someone who owned a coupe named Blumax....

A little snooping around had me in e-mail conversation with
Murray. After initially being flamed by Murray for expresing a desire for a Hunter Green coupe, or re-painting a coupe that color....I then understood that Agave was the same color I was envisioning. After about a dozen or so e-mails with Murray, I was convinced that the $15K to $20k coupes for sales was a risky proposition unless I was prepared to undertake or continue a restoration myself. While a decent coupe can be happened upon at that price range, it wlll likely need major $$ in some area or another.

Murray, true to his posts, indicated that he does come across coupes for consignment, but well above the $15 to 20k range. I never saw one of his consignment coupes. But as it happens while I was in Long Beach checking on the restoration of the coupe I ultimately purchased, who showed at CoupeKing to pick up a part, but Murray, albeit without Bluemax. Without reservation, I can report that Murray is as curmudgeonly consistent and committed to the value of coupes in person, as he is online. The point though is the insular nature of owners, cars, suppliers, reputable restorers, etc.

Along with Murray, I think many of us who report that we would not sell our coupes for what we paid, helps the appreciation. As we have seen, the circle of owners is smaller than we may realize, and most of us know something about other owners and their cars that contribute to value. Though we may differences here and there, most of us agree on a car worth having.
 

Vroomer

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I know how much I paid for mine and how much you can pick one up at one of the Cali vintage BMW parts places and have seen these things at Bimmer Fest and the Bay Area 02's Palo Alto Swap and Show... and I know I got a steal. 8)

Right G-Man? :wink:

Oh, and everytime I talk to my folks, my mom says that my CS is the car of mine she wants. :wink:

iconoclast6, I've met Keith from my2002tii.com. He's a swell guy. :)
 

iconoclast6

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Well there you go Vroomer. I think we affirm the point. Based on what the community knows of Keith and Stella,..many of us would buy the flaming Tii in a heartbeat..and it would be worth what it would take to buy.

I think the same is starting to occur with coupes...
 

perspex

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I am new here and this thread caught my attention. I would like to share a couple of things more regarding coupe values.
I just want to report factual elements.

Last week, I visited the highly interesting Techno Classica Classic car exhibition. This event, which takes place every year in Essen
- Germany- probably is the most significant European vintage car exhibition.

A BMW 30 CSL lightweight (inka orange and not really 100% original anymore) was offered for sale by a Classic Car dealer.
The car sold during the second day of the exhibition. It changed hands for 85k euros (around 112k USD).

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Same family but different car, a BMW 30 CSi (colorado orange and nice condition) sold last week on the German eBay for 30k euros
(around 40k USD).

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Same brand but definitely different world, two BMW 507 roadsters were also offered for sale in Essen. First car (dark red with rudge wheels and excellent condition) was at 485k euros (around 645k USD). Second car (white and stock wheels, excellent condition) was at 460k euros (610k USD).
 

ccr2002

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colorado car

i meant to post about that car that sold on german ebay...certainly a nice car but not beyond the condition of many we see on this forum. I think what is happening is that there are a few people who want these cars and are willing to pay a lot more than was recognized for the past many years. The car has to be well sorted or original and not need to have tens of thousands and literally years spent in restoration. 50K or less for a car is very little money to many people and especially to get a classic that is recognized as a special car by an ever growing audience.

A guy stopped me in SLC UT just this week and wanted to ask about my car...he had a friend in san diego who once was restoring a coupe and knew that he had spent 20-30K on it and it still wasn't as nice as mine. He joked that he just spent 50K on an SUV for his daughter and that he'd gladly pay that or more for a car like mine so that he didn't have to worry about finding someone with the expertise to restore a CS and wait until it was done.

The werkshop quoted me a price of anywhere between 60-100K to restore one there...paying for a nice car makes a lot more sense...and it seems to be true in Germany also.
 

marc

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The thing in the middle is I believe a Hela Trip Master distance recorder, and the other bits are timers. Normally used for timed rally stages. The steering wheel also looks like it has an extended boss on it which is quite common in stage rally driving as it brings the wheel closer to the chest.
marc
 

Ed G

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Coupe value

Probably of no consequence but..... my european contacts indicate that THE hot color now is orange. Watch for it to happen here in the US....... Don't shoot the messenger.
 

perspex

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Please excuse my ignorance, but what are all those things on the dash?

The strange thing on the dash is, as Marc says, a Trip Master (Hardware used to record time and distance in Rally stages). This was confirmed by the dealer who told me the car was sometimes used for French historic Rally. BTW, the origin of the car is France which is obvious for people who know that old French cars have yellow lights.

Looks like a nice car regardless

I am not a CSL specialist but I am not sure the car was that good. I had a discussion with a person who seemed to be a CSL expert - quite ironically he was a French guy - and he drew my attention on several wrong and missing elements on the car.

As well, sorry if it is a bit off topic, there was a very rare Tuerkis Green Metallic 30 CSL to be seen at the German CSL Owners Club. This CSL might be probably known by some of you as its origin is North America.

As a matter of fact, I was told the car was imported a while back from the USA. Although I do not know exactly how much this CSL sold for, I however can tell you the new German owner had, on top of the purchaing price, to put significant $$$ in it. The car was nice but apparently not nice enough for the new owner. He first replaced both aluminium doors. As he could not get the perfect matching colour on the new doors, he had the car totally resprayed. He also obviously had to buy new side CSL stripes and various minor things have also been fixed during the whole operation.

Unfortunately, I did not shoot pictures of this car in Essen (too many people around the car and… I forgot) but a friend of mine living in Switzerland sent me four pictures of the car as it was for sale in Switzerland some months ago??? Quite surprising but it seems the car left the USA for a private collection in Switzerland where it only stayed for a short period. It now belongs to a German collector.

Do some of you know the car?

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tripower

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I am new here and this thread caught my attention. I would like to share a couple of things more regarding coupe values.
I just want to report factual elements.

Last week, I visited the highly interesting Techno Classica Classic car exhibition. This event, which takes place every year in Essen
- Germany- probably is the most significant European vintage car exhibition.

A BMW 30 CSL lightweight (inka orange and not really 100% original anymore) was offered for sale by a Classic Car dealer.
The car sold during the second day of the exhibition. It changed hands for 85k euros (around 112k USD).


[Broken External Image]:http://img160.imageshack.us/img160/6895/img2136yy1.jpg

[Broken External Image]:http://img380.imageshack.us/img380/9179/img2137fy3.jpg

That does not look like a $112,000 car to me, no way. You would think they would at least take that rally timer crap off of the dash before sale, clean the interior and tuck the carpet in the kick panel. Oh and "nice re-spray".
 

kasbatts

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I'm sitting here shaking my head in disbelief, Tri why are you so down on the increasing value of the coupe?
Surely as an owner your happy that the value of your car is increasing?
I think it's great, not from the point that I'm going to make loads of money on the car, but that I can spend some money on it knowing that I'm not pouring money down the drain.

Quote "That does not look like a $112,000 car to me, no way."

Well I might even agree with you a little here, but the fact is someone has paid $112k for it like it or not.
 

tripower

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Well I might even agree with you a little here, but the fact is someone has paid $112k for it like it or not.

What can I say, there's one born every minute.
 

Knickerbocker

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tripower said:
Well I might even agree with you a little here, but the fact is someone has paid $112k for it like it or not.

What can I say, there's one born every minute.

You're a strange bird, Tripower. On the one hand, you say that the market is the only thing that matters when it comes to establishing proper values.

Then, when a price comes along that YOU feel is not what it should be, you either accuse the source of lying or say the buyer is a sucker.

So exactly what constitutes the "market" -- your opinion or the prices that are actually being paid?
 

G

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Unfortunately, I did not shoot pictures of this car in Essen (too many people around the car and… I forgot) but a friend of mine living in Switzerland sent me four pictures of the car as it was for sale in Switzerland some months ago??? Quite surprising but it seems the car left the USA for a private collection in Switzerland where it only stayed for a short period. It now belongs to a German collector.

Do some of you know the car?

The Turkis CSL..if this is the same car it was featured in Bimmer Mag April 2005...Owned by Toby Baly and sold through Fantasy Jucnction to A gentleman From Switzerland who is the President of the Swiss Ferrari Club .
Sounds like this is the same car indeed..The article states that this same car won many concours events here in the states and underwent a pretty thorough restoration.
I'll try to post some pics of the article...
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G

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Sorry Pics turned out really bad..If someone wants pics of the article I'll email them or try to repost.

Cheers
Giorgio
 
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