safulop

In Hemming's Motor News I found the following:

88 S4 auto with 117K miles in "excellent condition" "some minor issues" in Pasadena going for $6,900. This seems nuts to me unless they are kidding about the condition. I paid $14K for mine, which I would describe similarly although without any minor issues, and mine appraised for $15,200 using local comps.

Meanwhile we also find a 1994 GTS 5 speed, 35K miles, going for $84,900.

And entering the stratosphere, we see a 1995 GTS 5-speed, 13K miles, going for $109,900.

Huh????

These three cars are really very similar when you get down to business. I do not understand this huge variance in value.

-Sean

Jadz928

This conversation is a big "can of worms"... not in a bad way, just somewhat complex.

To start, I'd review Hagerty's valuation tool re the 928. This will help you get a sense for what happens WRT condition, miles, and rarity

http://apps.hagerty.com/hvt-widget/m...154d&welcome=1

SeanR

Oh, this is going to be good.

Early cars with low miles are going to be worth a lot if well kept.

Late models with low miles are going to be worth a lot if well kept.

Mid year models might be worth something if they are something special.

safulop

My point is this: in other markets like the 911, while superb low-milers may be worth over $100K, basic plain-janers will still be worth at least $25K if well-sorted. The idea that a "regular" 928, even if it's a decent S4 with 316 hp, is only worth $6000 in the company of similar cars over $100K?? That's kind of nuts.

IcemanG17

the market comes down to one seller and one buyer agreeing on a price......the more motivated one party is, the higher or LOWER the price becomes.....

I sold my pristine 88 S4 for $14k in 2009.....but I think the market has dropped since then & its been offered back to me for much less than that.....

safulop

Yes, and I've never understood the thinking of car collectors. I could buy that S4 for $6900, fix it up perfect so it would win car shows for about $20,000. So what is the extra $80K for in that GTS? I don't see where the value comes from. I'm just too pragmatic, I guess. I don't give a crap if a car has 1 original mile or was the first to ever be kissed by Rebecca de Mornay or WTF. That stuff is not worth a can of beans to me.

SeanR

The market is going to be determined entirely by the buyer at this point. The market is good for our cars and there are enough people out here who can wade thought the bull**** (read here Ali) and will go for goo d cars.

I'm not Wilhoit. But I can say that in the last few months that the cars I have put my wrenches to have gone for a nice price. I'm proud of that. Didn't put the wrench to them for this but it just happened to happen and when I put my name to one bet your *** it will be as advertised.

safulop

Good news Sean!!

Mark Anderson

Bla bla bla. All I see is ur avatar

tv

I agree but that kinda stuff is what matters to rich blowhards. It's a game that justifies the BS they do to acquire their wealth and display it.


Anyway I was looking at cars the other week, it's what I like to do and am fortunate to have some of the nicer dealerships I have ever seen close by. Here in this pic you can see all the new entire line of Aston martins, the new Vanquish ($320K), the Rapide S, the DBS conv., the virage, the DB9, and 3 different V8V's. In the background you can see 17 Ferrari's including a black 458 and a black scud. They also have a porsche showroom and maserati. Just about everything.

Anyways if you put my 85 euro in this showroom with a new factory level paintjob equal to all these cars paintjobs and had a martian walk into the showroom who had no clue about brands or prices or preconceived ideas, and asked him to pick the best looking car, if he had any taste he would choose the 928. The 928 shape is just nicer, more pleasing, lower in front, (probably due to new euro pedestrian laws) better curves ................

same on the interior, the 928 has the best ergonomics and layout I know of and I have the experience to compare it to. I have sat in all these cars at one time or another and took my time examining them, carpet quality, leather quality, stitching, layout, wheel position, pedals.................... 928 wins

I can't believe that ferrari still has the pedals offset on the V8 model, not as pronounced as the 308 but still irratatingly so.

Jadz928

I'd like to see the collector car market develop further for the 928.
Would make me feel better about dumping $100K into the #1 restoration.

Don't get me wrong, I thoroughly enjoy where it is as a hobbyist car. And it's not like that aspect of the market will disappear by involving collectors.

This car was produced in relatively large numbers. Plenty of good cars for all types... rich blowhards as well.

What's important to keep in mind, there's a delineation in the market that separates the two camps; collectors and hobbyists.
For the collectors, they're looking for significant 928's
For hobbyists, they're looking for good drivers that appeal to them.

I have a bit of both.
I believe my #1 and #6 cars are significant. Their value is graded differently that the average 928 of similar ilk. These are the cars collectors go for.

I believe my pearl S4 is a very nice car. It's a driver and used as such. It may have rare color paint, and sought-after options, but it's not significant. It's value falls in line with an above average 928 of similar ilk. This is the type of 928 hobbyists go for.

Like I said, room for both.

inactiveuser1

Thanks to the link on Hagerty.
When I had the car appraised awhile back it was for $28,000
which is between value 1 & 2.Doesn't mean someones going to want to pay
that area but they won't be driving it unless the offer is right.If I was looking
for a classic car it sure wouldn't be one with alot of mods,rolled or flared wheel wells.

SMTCapeCod

+1...


This theme should be a part of the other thread that delved into "what else can you get for the money that has better (insert characteristic)...


The shark tamer market spans the economic spectrum, and there are clearly some out there that will pay a great deal for cars they don't drive and/or for bragging rights. Which is not to say that the vanity-priced cars are selling quickly.

curt_928

I love these pricing threads.. I does seem that the average asking price is increasing, but the buyer still determines price. How long have the six figure or near six figure cars been on the market waiting for an owner?

worf928

It doesn't matter. If the seller is patient and has a firm grasp of what they are selling, the cars will sell. If the seller is not patient or doesn't know what they have then they get bid down or re-listed.

The 90+k$ GTSs do sell. The low mileage $35k GTs sell. IF they are as advertised and if the seller is patient. TurboBoost, ChuckZ, MarineBlue are patient, know what they have/had, know how to prepare them, know how to present them and get/got what they ask for them.

They may be listed for 6 or more months but they sell.