Are These Prices La La Land?...

Asking prices can be comical because that's all they are - ASKING prices.
Lot's of people put cars on the block based on "I'll sell it if I can get X dollars; if I can't, I won't sell it." I have known people whose cars were "for sale" for 10 years….for a price no one cared to pay.

 

Hot rod features are not related so much to price. Mellow cams don't make a difference. Style/carbs/rarity unique original colors. They are being valued on nostalgia not drivability or reliability or performance. The recent auction prices confirm 40s for solid carved cars.

 

Drive a 250gto and let me know if it's worth in excess of 50m with a 0-60 time of almost 7 seconds ....let me know if a 57 Testarossa is worth north 20m ...or better still, a split window 67 corvette at 6 figures. None of it makes any sense. Someone I know here has a bandit trans am
And even those are in the 20k range, and I wouldn't give anyone $2 for a pristine 77trans am...but ...it is ...what it is.
You should have kept your 308gtb, you sold to early!

 

For the naysayers

Check out the rise this quarter in Hagerty's valuation of a 78 GTB compared to the previous 5 years.
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^^What Mike and Big Red said. The value isn't in performance. Is an Isetta or a Messerschmitt worth north of thirty grand? You can't even take those cars on a highway, let alone tour with them unless you want to squashed, yet nice ones command respect when they change hands.

I don't think these escalating 308 prices are absurd as long as there are buyers willing to pay them. Demand for 308s is growing. And that's a good thing, as it makes these cars worth owning and maintaining.

 

Easy. 3x8's or basically anything is worth what someone is willing to pay for it. I didn't buy my QV as an investment, I bought it just for fun. And it is fun.

 

Let the charts proclaim it!

 

Why begrudge the 308 its day in the sun? It comes across as sour grapes.

 

A coupe of weeks ago a Fiat Jolly sold at auction for $99k. A frickin' clown car!

I still think they're cool, but... c'mon.

 

x2! Hate to say this but I thought he could get more $ for his car...

 

I can't even imagine any car owner *****ing about rising values of their cars. What a bunch of Morons.

 

I guess I have trouble understanding how you could be so enthusiastic about your euro carb car, but also so negative on current prices.

They're great cars, we all like them, why beat down the prices? No point in trying to pump them up either. I actually agree that the current market is fairly frothy (for 308's and most everything else), but I'm not going to complain about it. Let's just enjoy them for what they are (neat old cars) and let the speculators worry about prices.

 

In a world where 911T Porsches are now commanding in excess of 65K(and a bog slow 914-6 just sold for nearly 70K!), how can a nice 308 not be on the upswing? I'll grant you that they don't accelerate from a standstill with any particular vigor, but to claim they don't handle or stop isn't true. My GTB handles quite well with modern rubber and it stops much better than most other classics(with proper brake fluid and pads). Their so-called wallet busting services are overblown as well for anyone that shops around(or DIY) a bit.
Nice 308s are beautiful cars with a pretty cool interior-what's not to like, even at 50K?
Lets not compare them to modern iron either, that's just silly. Heck, my modded C6 Z06 will show its tail lights to nearly any modern sportscar-yet I don't see Italia owners rushing to trade for Corvettes.

 

Not true. They are worth what someone is willing to pay, not what you proclaim the price should be.

 

Corvairs are up drastically per Haggertys. Had one, well it got me around, sometimes.

A 356 coupe Porsche prices higher (than a 3 x 8) and I wouldn't get excited about its performance, sound or looks. I owned three Porsches, good cars but now that I own a 328 I find a world of difference.

Looks, sound, and feel are hard to match. The 3 x 8's have it all.

I purchased my car in 2012 and didn't blink at the price, I knew I was going to own it, period.

Its all up to the buyer.

 

Well the camps for this fight are still the same.

So when do we stop arguing about 308 prices and get back to arguing which oil to use?
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Have's vs Have not's

If your going to get back in, you guys should quit pizzing and moaning and get your check book out, because there not going to get cheaper next year!

This thread reminds me of people who complain about how they used to by a carton of milk for .60 cents

 

If performance is what matters, a Porsche 356, Merc 300SL, or even a vintage Ferrari is always going to disappoint compared to stuff that came 20-30 years later. People buy them for other reasons.

 

My checkbook is ready.

 

How? We all are owners.

 

I'll bet you $50 that by this time next year you can't count on one hand the number of driver grade 308's that sell for $50,000 and up. I mean "typical" 308's, not the glass or odd ball with 6,000 miles showing. Just your good average 3-4 owner with the usual 30-50k on the odometer. Run of the mill...

SELLING price, not asking price.

 

Or when to change the belts

 

seems that some can't appreciate these cars...wonder why they take time to post here.