RE: Undervalued Italians: Under the hammer

[menoy]

I'd say the SZs have already set off on the hike. Look at the ads - 20k for the cheapest example. Prices in Europe start at about 35k EUR or 25-6k GBP. And it only only goes up from there (sometimes - way up).

[carinaman]

Hasn't that Sargassi GTV been listed on eBay twice near Bristol?

[jamies30]

hufggfg said:

That SZ has had an engine swap, that's the reason it seems so cheap.

A "decent" is going to be more like £35k.

Yep - Alex will have done a great job, but I think it'll always be worth a bit less than an all-original one.

[Some Gump]

pH reporting at it's finest.

Advertising the merc at 10k auction is like when estate agents advertise a do-er upper 25% below its market rate to spur interest. I have no idea how it is news.

[daytona365]

Nearly every one of these 'undervalued Italians' has the potential to absorb the same repair/maintenance costs as the purchase price.

[renorti]

the rover 75 is a £500 car tops, but you would really have to want one to pay that.

[405dogvan]

Tuvra said:

405dogvan said:

Tuvra said:

I think that CL65 would be an excellent buy as a long term investment.

We're at what pretty-much EVERYONE things is the peak of a classic car bubble and you say that why?

I think it will be looked upon as one of the last of a dying breed, I also think it is a handsome car which will look more favourable than the C216, that and it is a pillarless Mercedes Coupe with a Twin Turbo V12

I think the C215 in general will be a future classic as it will age well, the CL65, through rarity alone will be worth a small fortune in 10-20 years, all IMO of course

But it's already over £10k and will cost you at least a couple-of-grand a year 'standing still' (insurance, basic maintenance, storage) and more if you use-it - so it's going to have to appreciate a LOT to be anything like a 'long term investment'.

It's a nice car but I don't see it magically outstripping it's costs in value anytime soon - if ever. Cars have to do crazy things like treble in value over relatively short periods to do that and there's no suggestion that will happen really.

It's a nice car for sure but that's not QUITE enough on it's own - and AMGs of that era are 'mass produced' cars, not like the Hammers and other older cars which are now gaining value...

Edited by 405dogvan on Thursday 27th August 23:21

[daytona365]

renorti said:

the rover 75 is a £500 car tops, but you would really have to want one to pay that.

You do realise it's a 4.6 V8 version ?

[405dogvan]

Animala said:

P4ROT said:

Saw this and thought it was a stunning example:

http://www.rmsothebys.com/lf15/london/lots/1966-bi...

Holy Christ......I've never even heard of that car before (or manufacturer for that matter) but it's now firmly in my top 10 cars to buy when I win the Euromillions.

Check out the Revival Videos from last year - one bombed around like a low level warplane!!

[DJRC]

405dogvan said:

Tuvra said:

405dogvan said:

Tuvra said:

I think that CL65 would be an excellent buy as a long term investment.

We're at what pretty-much EVERYONE things is the peak of a classic car bubble and you say that why?

I think it will be looked upon as one of the last of a dying breed, I also think it is a handsome car which will look more favourable than the C216, that and it is a pillarless Mercedes Coupe with a Twin Turbo V12

I think the C215 in general will be a future classic as it will age well, the CL65, through rarity alone will be worth a small fortune in 10-20 years, all IMO of course

But it's already over £10k and will cost you at least a couple-of-grand a year 'standing still' (insurance, basic maintenance, storage) and more if you use-it - so it's going to have to appreciate a LOT to be anything like a 'long term investment'.

It's a nice car but I don't see it magically outstripping it's costs in value anytime soon - if ever. Cars have to do crazy things like treble in value over relatively short periods to do that and there's no suggestion that will happen really.

It's a nice car for sure but that's not QUITE enough on it's own - and AMGs of that era are 'mass produced' cars, not like the Hammers and other older cars which are now gaining value...

Edited by 405dogvan on Thursday 27th August 23:21

I don't think anyone has ever described a V12 Merc as mass produced
It also qualifies for the post 2004 quality uplift and quite frankly the damn engine alone costs more than £10k.

[Strawman]

405dogvan said:

Animala said:

P4ROT said:

Saw this and thought it was a stunning example:

http://www.rmsothebys.com/lf15/london/lots/1966-bi...

Holy Christ......I've never even heard of that car before (or manufacturer for that matter) but it's now firmly in my top 10 cars to buy when I win the Euromillions.

Check out the Revival Videos from last year - one bombed around like a low level warplane!!

Also there is one in the opening garage scene of Bullitt, it was owned by a stuntman who worked on the film

Edited by Strawman on Friday 28th August 08:12

[MikeT66]

Animala said:

P4ROT said:

Saw this and thought it was a stunning example:

http://www.rmsothebys.com/lf15/london/lots/1966-bi...

Holy Christ......I've never even heard of that car before (or manufacturer for that matter) but it's now firmly in my top 10 cars to buy when I win the Euromillions.

Lots of these compete in historic racing (Goodwood Revival, etc), Animala. Lovely looking things. I'm sure it was an ex-Ferrari chap who set up the company - someone will know on here!

[Strawman]

MikeT66 said:

Lots of these compete in historic racing (Goodwood Revival, etc), Animala. Lovely looking things. I'm sure it was an ex-Ferrari chap who set up the company - someone will know on here!

Yes Giotto Bizzarini

https://en.wikipedia.org/wiki/Giotto_Bizzarrini

[Tuvra]

405dogvan said:

But it's already over £10k and will cost you at least a couple-of-grand a year 'standing still' (insurance, basic maintenance, storage) and more if you use-it - so it's going to have to appreciate a LOT to be anything like a 'long term investment'.

It's a nice car but I don't see it magically outstripping it's costs in value anytime soon - if ever. Cars have to do crazy things like treble in value over relatively short periods to do that and there's no suggestion that will happen really.

It's a nice car for sure but that's not QUITE enough on it's own - and AMGs of that era are 'mass produced' cars, not like the Hammers and other older cars which are now gaining value...

Edited by 405dogvan on Thursday 27th August 23:21

Mass produced? Do some research!

The sheds are being sold for pennies and chavved up / broken, prestige examples of these will get rarer and rarer. The CL65 is the M3 e30 equivalent to the 318, it was probably over double the price of a basic 500, hell it was probably double the price of the 55 and that will determine the values.

Calling the CL65 or any AMG CL mass produced is like saying Porsche 911 GT3's are mass produced because of the number of 911's made.

I may be wrong, however, nothing you have said has even budged my opinion on the future value of the 215 CL65.

[rohrl]

Tuvra said:

Mass produced? Do some research!

The sheds are being sold for pennies and chavved up / broken, prestige examples of these will get rarer and rarer. The CL65 is the M3 e30 equivalent to the 318, it was probably over double the price of a basic 500, hell it was probably double the price of the 55 and that will determine the values.

Calling the CL65 or any AMG CL mass produced is like saying Porsche 911 GT3's are mass produced because of the number of 911's made.

I may be wrong, however, nothing you have said has even budged my opinion on the future value of the 215 CL65.

Calling a car "mass-produced" isn't necessarily a criticism is it? Mass-produced cars are generally better cars than handbuilt low-production ones.

I would describe the CL65 as mass-produced, as is the McLaren P1 or LaFerrari. If a car is line-built and parts are interchangeable between cars without fettling then it's mass-produced.

The Porsche GT3 is definitely a mass-produced car. They've sold over 3000 991 GT3s alone.

[Strawman]

AMG engines are hand built, they put a plaque on each one with the engine builders name, at least they did so back then anyway AFAIK.

[Nikolai Petroff]

I think anything rare but mechanically simple/under stressed will be a good investment. So the SZ deffo falls in this category.

[P4ROT]

Strawman said:

405dogvan said:

Animala said:

P4ROT said:

Saw this and thought it was a stunning example:

http://www.rmsothebys.com/lf15/london/lots/1966-bi...

Holy Christ......I've never even heard of that car before (or manufacturer for that matter) but it's now firmly in my top 10 cars to buy when I win the Euromillions.

Check out the Revival Videos from last year - one bombed around like a low level warplane!!

Also there is one in the opening garage scene of Bullitt, it was owned by a stuntman who worked on the film

Edited by Strawman on Friday 28th August 08:12

Cheers for that Strawman - had never noticed this before!

[carinaman]

P4ROT said:

Cheers for that Strawman - had never noticed this before!

Nor me, thanks.

[eddiesheanon]

Is it that these cars are undervalued,
or that alot of other classic's out there are overvalued.