Year-end market value data from BaT

[HB Chris]

Mike, I agree with you. In my personal evaluation I didn’t penalize things like a stainless exhaust, five speed or 16” Alpinas. And I don’t know that I have ever seen a Condition #1 Coupe although I am sure they are out there. I would rate my own coupe as a 3 and my Malaga coupe a 2- maybe, the more it got driven the lower it would tend to be rated.

 

[Minivansomeren]

(1) It is nearly impossible for me to give an accurate valuation from my living room on my computer.

Yeah I think you’re right that a true valuation requires an in person inspection, and very few BaT buyers do that. But that’s exactly why it could be possible to analyze condition if an expert would give their best guess based on photos. They have the same amount of info that the rest of us (including bidders) have.

guys i have to say that we cannot be publishing / sharing perceived ratings of multiple cars put on the market for sale - before or after the sale. i will tell you that Chris' sales data + his original VIN data was the beginnings of the coupe ancestry project. a lot of the data is within the project - not including the ratings of cars sold. that information is mostly shared on an individual car basis.

RS I think I understand why you wouldn’t want to publish condition ratings. But with that said, I think if we had a couple years’ worth of data where the same person (like Chris) rated every single BaT car, we could do a very interesting multivariate analysis. Not only accounting for condition but also analyzing color, engine, euro vs US, studio photos, well known seller, etc

 

[ScottAndrews]

RS I think I understand why you wouldn’t want to publish condition ratings. But with that said, I think if we had a couple years’ worth of data where the same person (like Chris) rated every single BaT car, we could do a very interesting multivariate analysis. Not only accounting for condition but also analyzing color, engine, euro vs US, studio photos, well known seller, etc

Great idea! Maybe work out a radar diagram assessment tool, or possibly a set of them addressing specific elements of the car. The trick to that is developing the metrics or rubric for assessing other cars. Seems like a bit of an AI type training exercise. Train on BAT examples, and then apply to other cars

 

[lip277]

While every square inch of my car was gone through by @sfdon , I would consider my car a #2 (maybe 2+?) because some of the interior bits are OE and not perfect (while it looks great at first blush, I know where the warts are).

At a Hagerty event here in Seattle a couple of years back, one of the hosts was their "BMW Value Specialist" - he is/was the fella that set the $$ values in their tool for all our cars. I had a good talk with him about a couple of questions I had for him.....

1 - The disparity in value between the 2.8L and 3.0L cars (2800CS and 3.0CS) - when these cars are very much the same except for some - relatively - minor items....
2- The value of a car that has been modified (like my car with the M90 or later M30, upgraded brakes, auto to manual and so on)....

While he agreed that in the real world, the 2.8L cars are every bit what the 3.0L's are - he did say that the market sets the value and all he can do is reflect it. He said (back then) that he did find the difference between the two narrowing as he thinks folks are recognizing the 'less expensive' 2800CS's being worth what the 3.0CS's are and that is bringing some parity to the market. Since our talk - I seem to have noticed the gap is not quiet as large as it used to be (but it is still there). Will be interesting to see how these values move on into the future as the calendar clicks away and allows the differences between the cars to lessen over time.

For the modified cars, I used my example (1970 2800CS that now has an M90 CSi 'look' Megasquirt motor with 5 speed, later brakes, modernized A/C, completely restored body and so on).....
He said that their ground rule is that no matter how good a 'restomod' is - that car can never be more valuable than a 100% stock, 100 point perfect version of that car. There may be some extreme examples out there that break that rule (think of Paul Cain's car) - but the regular, very nice restomod value should never be above a 'regular' car.

YMMV as always - but I found the discussion interesting....

Cheers!

 

[rsporsche]

i really think condition 2 is what most of us strive for. Chris is right about a condition 1 car, it is never really driven anywhere, except in a closed trailer. the front axle pic that i posted is from a restored condition 1 car - never driven. that being said, a condition 2 car is basically a near perfect car that is driven and enjoyed. i actually believe that a great condition 2 original and a great restomod, can be worth the same value - sometimes more (one way or the other) ... this is where the variables come in - BBS RS or Alpina wheels, 38 leather Petri, a high HP engine, a 5 speed, a better interior ... if the car is in a really cool color, it might be worth more than a very original car. might not ... it depends on who the buyer is that day. it is so rare that we can compare 2 cars in the same condition, same color, same variables ... might be possible with a popular color like polaris, fjord ... still difficult to accomplish