Dream Cars

[rexus31]

http://cgi.ebay.com/ebaymotors/Fram...5796729?pt=US_Cars_Trucks&hash=item1c3277ce79

http://cgi.ebay.com/ebaymotors/1958...rs_Trucks&hash=item5af0daf630#ht_40541wt_1182

 

[bluefury361]

http://cgi.ebay.com/ebaymotors/1958...rs_Trucks&hash=item5af0daf630#ht_40541wt_1182[/QUOTE]

I love that Dodge....... What a great car.

Their ad states......

"retain and likely prove to be an attractively performing investment. According to Knight Frank's Wealth Report, classic cars were the top-performing collectible asset with prices surging 23-percent in the 12-months ending in the third quarter of 2012."

The state the car recently sold for $220.000...... but is for sale at $150.000....?

We must have gone to different schools......

 

[1978 NYB]

Very nice cars.....way above my price range......

 

[tbm3fan]

This is a valuation of that Dodge. Hagerty insures a hell of a lot of cars, knows what is what, follows the market to keep track of everything that is going on so they can be pretty much on track like any stock broker valuing stocks. Form your own opinions whether Hagerty is way off or the seller is way off.

 

[tbm3fan]

Next up is the 300C. Makes you wonder why the difference in opening bids since Hagerty considers the 300C to be far more valuable. Note their #1 price at around $200,000.

 

[tbm3fan]

"retain and likely prove to be an attractively performing investment. According to Knight Frank's Wealth Report, classic cars were the top-performing collectible asset with prices surging 23-percent in the 12-months ending in the third quarter of 2012."

Yes and no, since he gives a general statement and not a specific one as to which cars are rising, which are just stable and which may be falling. Here is the market trend for 50's Classics with 1 falling, 8 stable and the other 12 rising. The biggest jump is the 1958 Studebaker Golden Hawk at 17% since January and 44% better than 5 years ago. Oh, the 1958 Dodge Coronet isn't in this group of 21 cars being watched.

 

[bluefury361]

Hagerty insurance is one of the best collector car insurance co's out there.... But their market tracking system and especially their vehicle value guide is somewhat inaccurate.

Generally the values they put on any paticular vehicle is for insurance replacement value which takes into account other factors beyond the vehicle itself in the event of a total loss.

Divide their number by half and you enter the world of reality in actual values.

 

[bluefury361]

"retain and likely prove to be an attractively performing investment. According to Knight Frank's Wealth Report, classic cars were the top-performing collectible asset with prices surging 23-percent in the 12-months ending in the third quarter of 2012."

They state the car recently sold for $220.000...... but is for sale at $150.000....?

We must have gone to different schools......

I quoted from their ad....... And it was meant to question their marketing techniques, not to be taken as fact.
They obviously counterdict themselves in their own ad.....

I hate it when I have to explane it......:gah:

 

[tbm3fan]

I quoted from their ad....... And it was meant to question their marketing techniques, not to be taken as fact.
They obviously counterdict themselves in their own ad.....

I hate it when I have to explane it......:gah:

I put up what I did to show exactly that and the fact that they were probably telling little white lies since that Dodge model most likely never sold at that price. I'm sure Hagerty, and other sources, knows what everything sells at the auctions and if this was 1 of 11 a car like this would be damn obvious. Besides who said it was fact as I didn't.

As to how Hagerty values cars I don't find them off all that much depending on the car. I see that their value of a 428 Cobra Jet Cougar is pretty much on the money since almost all out there sell at auction or some other high visibility location. The same with the 427 GTE. Those cars change hands out in the open and the Registry knows immediately who did what and for what.