bronto

There's a difference between wishing they were valuable, and realizing that they are not particularly valuable.

hacker-pschorr

+1
Take your "average" 78 that is normally posted for sale on here. 3/4 are declared parts cars and the rest $5k on the high side.

Take one of those $5k cars and:
1. Pay someone to completely re-do the paint. Which includes pulling off every panel, windows, trim etc... $8k would be a good starting point.
2. Visit Paul Champagne's website and price out an all new interior
3. Pop the hood, assuming the CIS system is on it's last leg (most are) don't sneeze at $5k-$7k before the car runs perfect and looks like that.
4. Think the transmission is going to shift good in your average 78? Ever price out a rebuild? Call Greg Brown, it's not going to be cheap and don't forget $1k - $1.5 for clutch parts.
5. Keep laying hundred dollar bills on the table....

$26k sounds like a bargain and it's all original, which means $$$$ in most car circles.

Herman K

+2

Your so right... Buying some thing on the cheap side always cost you more if you want to turn your project into a quality machine, been there done that!

fbarnhill

Well, I bought my 79 in 2004 with 37k miles on it and paid $6k. I still did 2 years of maintenance on it. Now it is a great car. I intended to drive it for the next 20 years but I fell in love with another.... Never thought I would fall for an s4

Merry Christmas everyone,

linderpat

+3 Hacker. Yuo can get them inexpensively, but not too often will you get a good one.

pcar928fan

So, since this car is so market correct then, who is sending me $50k for BLUE82?! I'll start the bidding there! Since it only has 3699 miles and is FULLY FUNCTIONAL in every way and ready to go (or put in a museum) it MUST be worth 2X this car AT LEAST! So, who wants to start the bidding at $50K?

hacker-pschorr

If we knew what you paid for it that would give us a base line.....

I'm not saying it's worth $26k, $50k, or $10k. I'm simply stating my opinion that the knee jerk "it's overpriced" reaction to a car like this I simply find surprising and frustrating from a 928 community

Would I pay high teens for this car? If it checks out, absolutely.
Over $20k? Maybe.......

What did Chuck Z sell Kermit for?

What else does $26k buy you? A nice high mileage GTS? I would rather have this car.

Herman K

If you've the staying power that car will bring a lot more than 50K one day. I sold my XK 150S roadster in 1978 for 3K to a friend and he sold it 2 years ago for 78K - I sold my 1959 Speedster for 8k in 1970 and it has been resold twice for over 100K plus. Like other people keep their money in the bank you're keeping it in your Garage.

Jadz928

James,
I'd like to think you could get $50K plus for Blue82... just not yet. Give it 5-10 years for the recession to subside, and the 928 to hit collector car status. It will happen.

Not sure what Chuck sold Kermit for, but I remember for some time he wouldn't take less than $50K.

Re this $26K Kermit... I don't think so. 35K is not low miles for a 33 year old car. It been driven.
I'll reference a 20K mile '69 912, stored out of sight, out of sun, for over two decades. Now there was a car that looked new - and is over 40 years old! That's something special.

My point is a car will command coin if it meets one of these 3 criteria:
- all original, low mile (under 10K), any model/year
- all original, semi-low mile (under 30K), any model/year, over 40 years old
-all original, any miles, first or last of marque, over 40 years (restored or unrestored)
....and I guess I'll add a 4th....
-same as last, but with provenance (race winner, pebble beach winner, etc)

cold_beer839

BLUE82 for $50k damn if I wasn't dead broke.

I think $26k for this car is a good 'asking' price, if it is really as nice as claimed. Surely he'll take a few k less from a serious buyer.

danglerb

Nothing really wrong with a kneejerk rejection of $26k on this car, nothing so far is known about it that would support the price, and ALL of the ducks would have to be in a row for it worth even half as much.

It could well be that we are the LAST generation of car collectors, and over the next few decades one by one the big collections will all be sold off cheaper and cheaper.

One nationwide "whack" by the EPA unexempting early cars and we could see most of them losing 90% of current value.

pcar928fan

Herman, I am not looking to sell BLUE82 by ANY means! Just saying if this car we are talking about here is worth $26k, then today BLUE82 is worth well over $50k.

Few know what I paid for BLUE82 and I would prefer to keep it that way. I don't know what Kermit sold for either. I think I could have (and if I had been working at a better paying job I would have) talked Chuck out of it for around $45k because he knew it would have been going to the best home ANY 928 could ever hope to have...alas that didn't pan out, but I sure would have loved it if it had. So, I am guessing probably $50k-ish for Kermit.

As Jim noted, this is NOT a low mile example of a 928.

Jim I hope you are right about BLUE82, I'd love to hang on to that car for another couple of decades and watch its value climb WELL ABOVE $50k...maybe even close on to $100k as a TRUE collector car! Which, IMHO, is what these cars really are!

hopwood

Not a low mile example of a 928? You guys are all on crack! its done barely 1000 miles per year! Just because there are ULTRA low miles cars like the blue one and kermit doesnt mean this one isnt a low miler.

Cant believe how much disrespect this car is getting. Good luck to the seller.

Joel

danglerb

Two lines for mileage to cross; 10k+ and collector value is pretty much gone, 30k and the serious dollar bump for low miles is gone. That last one must have some SERIOUS wallop since people who buy and sell go to extremes not to pass it.

30k to 75k is normal low mileage driver range, and it doesn't seem from what I have seen to matter a whole lot between say 40k miles and 60k miles, or at least its linear, not steps.

This one might make a nice driver for somebody that wants an early car in unknown mechanical state, but the price is pretty much silly. Not saying it won't happen, but it would take a very special person to pay that kind of price, and suspect the unknowns about the car would have to be top grade even then.

**Caveat is that I doubt I would ever consider a CIS car, so non floating of my boat tends to reduce value in my eyes.

hacker-pschorr

AFAIK, there has never been an EPA regulation in any state requiring a car to pass emissions beyond what it was capable of doing when new.

Also, more and more states are dropping emissions requirements for older cars because they simply cannot afford to do it anymore.

If something like you suggest happens, cars like this could actually go up in value as all the "drivers" are crushed. Leaving only the showroom garage queens left.
+1
In the Corvette world this looks like it could pass the Benchmark test:
http://www.bloomingtongold.com/inc.php?link=benchmark

More and more of these somewhat low mileage cars are gaining popularity and value in the collector car world.
Why?
You have a car that can win any award put forth by their respected clubs and a car that's not so perfect it cannot be driven.

What's really funny about this thread is, if this were any GTS (short of a clapped out POS) and a couple people suggested it shouldn't be worth much more than a GT or S4, all hell breaks loose.