NEW HAGGERTY VALUATIONS OUT... Holy Krap...

Thanks, I was looking forward to the next data point. Man, look at that exponential rise.

Edit:
I wouldn't look at the actual values, since we know a condition 1 goes for way more, but rather the % appreciation. Looks like we saw approximately 50% in 3 months. Crazy stuff but I'll take it.
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I knew it was going to be going North, but didnt see it going Nuclear. Well, happy birthday to me.

 

and about a half year ago a friend of mine sold a testarossa, year 88 for only 44k euro in condition 3
I told him to keep the car a while. he is a car dealer but he told me better now ( and that time ) to sell it and make a little money that waiting and make later no money ( perhaps ). typical short thinking from people earning money with trading.

 

The fact that he sold it for $44K EU is irrelevant to what the market dictates at the moment, if the market tanked, and he'd blown it out today for $30K, you'd be calling him names, so it goes both ways...

I turned down a pristine 300SL Roadster for $400,000 in 2012, am I an idiot? No, that was retail at the time, and that's life.

Ps. Glad to see Red Heads go up tho, they're great cars.

 

Holy-frkn-cow!! WOW! I'm stunned!

I need to have my insurance coverage revisited ASAP.

Thanks for posting!

 

Sell, Sell, Sell

 

Whoa, and surprisingly, the single mirrors are showing lower than the '87s:

https://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vbe=118225

GOOOOOOO '87s!!! Not that I'm biased...

 

I don't know where they get these values from. I am not saying your cars are not appreciating but I have 1978 Corvette L82 that Hagerty values at nearly $30k which is nowhere near reality. They value 1978 Corvette pace cars at between $40 and $70k for condition 2 and 1 respectively. Absurd, especially when you look at the comp sales they have listed.

 

I pay no attention to Haggerty.....

 

Look at Ferrari Of New England website, they have a few TR's - they also had a 512 TR 92 with 9k on it that they had been asking 349K on and its off the website, did they sell it in a week?

 

Yes I think so. It was mint! My goodness it was a looker. Give me a sec I will post pics.

 

Gone is a week I think. There was a 512BB with chunky US bumpers and extra paint last week. It's gone now too but there is a mid-engined show tomorrow so I don't know if it sold yet. Just picked up my car after an alignment. Lower, riding well and good to go. I should be there tomorrow.
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I bought a 308 QV from Ferrari of San Diego late last year -- they don't handle these often, but it was on the showroom floor, which would have been unthinkable a few years back. (And the car was getting all kinds of attention in the window in La Jolla...)

Buyers are getting into older cars. I love it, actually. So much more interesting than seeing rows of used 458s.

I think the single-mirror fetish is more of an FChat thing. (Kind of like concave wheels on 328s, for some of us.) I wouldn't expect them to be priced differently out in the real world.

But, I would take the older car to avoid the awful motorized seat belts in later US-spec cars...

 

Incredible it sold in a week with a mid 300K ask.

They also have 2 TR's for sale.

 

Still fairly new to this realm so I'm wondering about the veracity of Haggerty's estimates? It showed an 89 328 GTS at $97k and a 95 355 in the 40k range. Is that accurate?

 

No LOL, they are all over the map and some are right on and some are WAY off. Just as someone posted above.

 

An "average" (condition 4, maybe 3) is getting well over $70k so in this case, Haggerty are under valuing or about right at best. Condition 1 (delivery miles/mickey mouse) however are fetching $250k easy so they're definitely under valuing there (discerning buyers = deep pockets)

 

You know the end is near when insurance companies start selling subscription services for Classic Car Indexes and functions to track your classic car "portfolio" against stock market indexes.

 

I think Hargerty is right on the money. I just sold my 86' in 6 days for full asking ($130K), and it wasn't even a #1 condition, more like a #2.

 

how many miles?color?serviced?

 

42K miles, red/tan, fresh out of major service.

 

Wow, where was it advertised?

 

People are nuts to pay that kind of money for these things. The 512 tr is for sure a step above a testa, but 300k more? A fool and his money...