Lots of Bargains at French Auction - Page 2 - PeachParts Mercedes-Benz Forum

t walgamuth · #16 02-11-2015, 10:18 AM

Quote:

Originally Posted by DieselPaul

In some cases single digit production!

That's what has always surprised me about Mercedes 300SLs, they are relatively speaking, a very high production car.

There were entire decades where Ferrari didn't make 3,300 cars.

Yes, but they are pretty rare for a mb. gullwings, maybe few thousand, and similar numbers for the convertible. They're over a mil now. I remember back in 74 when I saw a gullwing driving on the street in the Detroit area (I lived there for a year) and telling a friend that some brave soul was driving a 35,000 dollar mb on telegraph road! I don't think I have seen one on the road since.

panZZer · #17 02-11-2015, 04:36 PM

Quote:

Originally Posted by DieselPaul

So go pick them up for 30,000 euro and take them to auction, with the fees you'd still be well ahead.

Also old ≠ valuable. Some of those 75 year old American cars will continue to be worth nothing. While their current value may be higher than their original sale price, once you look at inflation they are still huge losers.

My sentiments exactly --except about 70's 80's Mercedes.

panZZer · #18 02-11-2015, 04:38 PM

Quote:

Originally Posted by t walgamuth

Yes, but they are pretty rare for a mb. gullwings, maybe few thousand, and similar numbers for the convertible. They're over a mil now. I remember back in 74 when I saw a gullwing driving on the street in the Detroit area (I lived there for a year) and telling a friend that some brave soul was driving a 35,000 dollar mb on telegraph road! I don't think I have seen one on the road since.

a forum member had a early 60's project convertible sl for sale here 5 yrs back. for around $7500 .

No takers.

MTI · #19 02-11-2015, 04:55 PM

70 and 80's Mercedes, including the SLs will have a difficult time in the marketplace due to volume. Limited editions and low production pieces, like the Silver Arrows (particularly the V12) may stand a chance if pristine and low mileage.

The real problem with finding and buying a low mileage collectable . . . you really can't drive it.

It's like those "NIB" Star Trek toys.

Since66 · #20 02-11-2015, 06:21 PM

French army rifle. Never fired. Dropped only once.

t walgamuth · #21 11-24-2015, 07:07 PM

Quote:

Originally Posted by panZZer

that's frikkin ridiculous, most of those cars wouldn't have gone for 30.000 euros if the story hadn't been hyped, pro promoted.

This Ferrari California Spyder sold for about $16,000,000. The current owner decided not to restore or do anything at all to it cosmetically. He got it running and kept even all the dust. the trunk is caved in from the magazines stacked on it. It even has the factory hose clamps in all their rusted glory.

In the new Octane magazine they were allowed to drive it. His arm resting on the sill swirled the dust around and someone commented on it.

MTI · #22 11-24-2015, 07:25 PM

Driven by Disruption Auction

These Forgotten Exotics Were Driven by Disruption - Petrolicious

You Should Sell Everything And Buy Fangio

Upcoming Auctions 2015 | Classic Car Auctions | RM Sotheby's

Hatterasguy · #23 11-24-2015, 08:25 PM

Quote:

Originally Posted by panZZer

If there any envious americans viewing the results, they should get serious about collecting, there's still lots of great deals on 75 yr old stuff out there in less dilapidated shape, and almost as rare- even if it was made by henry's factories.

1987 BUICK GRAND NATIONAL GNX - Barrett-Jackson Auction Company - World's Greatest Collector Car Auctions

Low production American cars go for a lot of money. Mustangs and Corvettes unless they are a super special model like a Shelby are a dime a dozen and worthless.

I saw a GNX just like this with plastic on the seats and a thick layer of dust on it when I was a kid, I wonder what happened to it. At the time it was a 12 year old interesting Buick, worth what maybe $15K? Maybe.

Normal stuff is never very valuable, they simply made to many. Even a $100k C7 Corvette today will be $10k in a decade or less, unlike Ferrari GM doesn't limit production.

Enzo Ferrari always made less cars than the market could absorb, if the market was 500 he built 499.

t walgamuth · #24 11-24-2015, 10:18 PM

Quote:

Originally Posted by Hatterasguy

1987 BUICK GRAND NATIONAL GNX - Barrett-Jackson Auction Company - World's Greatest Collector Car Auctions

Low production American cars go for a lot of money. Mustangs and Corvettes unless they are a super special model like a Shelby are a dime a dozen and worthless.

I saw a GNX just like this with plastic on the seats and a thick layer of dust on it when I was a kid, I wonder what happened to it. At the time it was a 12 year old interesting Buick, worth what maybe $15K? Maybe.

Normal stuff is never very valuable, they simply made to many. Even a $100k C7 Corvette today will be $10k in a decade or less, unlike Ferrari GM doesn't limit production.

Enzo Ferrari always made less cars than the market could absorb, if the market was 500 he built 499.

A friend of mine has a GNX. He is an Architect, younger than I, used to work for me as an intern then again after he graduated. He liked this music which sounded to me like building demolition and had a license plate on the car that said Death.

One day he was meeting his ex significant other to pick up his daughter at a small church in the middle of nowhere and a constable came up and thought he must be a terrorist or something and detained him until he was convinced that he was just an eccentric Architect.

AFIK he still has the car. He always kept it immaculate and always had a beater to drive daily so I doubt it has very many miles on it.

sunedog · #25 11-25-2015, 09:48 AM

I see the auction house says the price for that cherry GNX with only 362 miles is $165K. Sounds like a ton of money and it made me wonder if the original owner made out on his investment from 1987.

Looks like the original list price was about $29,000.

Before closing the book on this generation of Regal, Buick’s Chief Engineer, Dave Sharp, approached ASC/McLaren about building the ultimate GN. McLaren agreed and the heart of the car, named the GNX, became the 276-hp, blueprinted turbo V-6. The Garrett intercooled turbo was governed by a new chip and a sequential fuel injection system was built. The chassis was significantly tweaked and the whole package added $10,995 to the base Grand National for a total of $29,900.

https://www.hagerty.com/price-guide/1987-Buick-Regal

I found a calculator that told me (I think) what $29,000 invested in 1987 with an average rate of return of 7% over time would be. The answer is nearly $193K.

Future Value Calculator: What will my investment be worth in the future?

So if the owner had bought stock instead of sinking $29K into the car and sitting on it, he would have more money today. Probably a lot more if you include the costs of owning that car for 28 years (insurance, storage, upkeep).

t walgamuth · #26 11-25-2015, 10:22 AM

Yeah but you can't drive stock or make out with a lovely lady in it.

sunedog · #27 11-25-2015, 01:55 PM

Quote:

Originally Posted by t walgamuth

Yeah but you can't drive stock or make out with a lovely lady in it.

No argument, but he didn't drive it very much. 362 miles in 28 years.

But he kept the plastic on the seats so maybe he took advantage of it regularly for your second purpose.

Hatterasguy · #28 11-27-2015, 11:01 AM

Cars are not investments.

$29k in the 80's could easily be $300k+ in my area if you bought a rental house and had the tenants pay off the mortgage over the last 30 years.

t walgamuth · #29 11-27-2015, 02:30 PM

Cars are not Usually investments.

The old Ferrari I had worked out better than any of my real estate investments, and would have beaten most stock too for the same time period.

Skid Row Joe · #30 11-27-2015, 08:47 PM

Quote:

Originally Posted by t walgamuth

Cars are not Usually investments.

The old Ferrari I had worked out better than any of my real estate investments, and would have beaten most stock too for the same time period.

Over precisely what timeline? -Dates?
So, what were your Ferrari buy/sell numbers, for the above timeline?