1970 2800CS on BaT
- Thread starter Drew Gregg
- Start date
that's the range i was thinking it should fall in. sorry you took a hit for a very pretty coupe.
I estimated the same. I just moved in to a new house and haven't sold the old one, otherwise I would have bid on this car.
Pinstripe inc.
Well-Known Member
Yikes! Has the bottom fallen out of the e9 market?I can’t believe what it sold for.3.4L engine and 5-speed and 225/60R14 tires.
3.4L-Powered 1970 BMW 2800CS 5-Speed
Bid for the chance to own a 3.4L-Powered 1970 BMW 2800CS 5-Speed at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #125,887.bringatrailer.com
Pinstripe inc.
Well-Known Member
Bargain!? I must be really out of touch, I thought it was a complete steal.Total bargain on a solid car. Wish I had jumped on this one. Happy for the winning bidder, sad for me.
I wonder if our insurance cost will start going down? Ha! Fat chance.
jmackro
Well-Known Member
Well, that's the auction game. While some cars just get ignored, others get competitive bidders and their prices go stratospheric. There is a large luck element in any auction.
Maybe green wasn't this week's favorite color. Maybe needs like "The seller reports that the car pulls to the right and there is a leak from the left-front caliper" or "The heater works fine but the air conditioner does not" were just too much for the BaT crowd. BaT folks seem to be more about collecting and less about repairing; they will decline to bid if they can't get 100% perfection.
Maybe green wasn't this week's favorite color. Maybe needs like "The seller reports that the car pulls to the right and there is a leak from the left-front caliper" or "The heater works fine but the air conditioner does not" were just too much for the BaT crowd. BaT folks seem to be more about collecting and less about repairing; they will decline to bid if they can't get 100% perfection.
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They'll go down if you reduce the 'agreed' or 'stated' value of the car is... If not, they won't....
If you want reduce that amount though... then the premium will (more or less in a linear fashion). When I have been making adjustments to the values of my three cars with Hagerty - the premium changes have been pretty consistent that way.
On a side note - There have been a decent amount E9's and E3's that have crossed BaT recently - at least compared to earlier times.
So - IMO a couple of different factors are at work on the recent lower hammer prices...
1- Supply and demand. Many folks that have wanted one of these have one now....
2 - Nice (but not exceptional) cars were - IMO - have been over valued recently.
The recent sales have been a correction to more of the $$ these cars should have been. granted, maybe an over-correction - but still a correction.
3 - Top Tier cars - As in the air-cooled 911 market, I think exceptional cars will still demand a decently high price IMO. The seller's job is to have the car in as good a shape as can be had (and how far that goes is entirely up to the seller). I think that if / when a truly exceptional car were to cross BaT now, the ending result would be more in line with recent higher values than we have been seeing recently on these (lesser?) cars. Case in point is the CSL that was represented on BaT recently. If the seller had its superficial shortcomings addressed and if he had been MUCH more humble and truthful in what the car is and was (and how it got there) - the results would be much better than where that one ended up at.
My nickel anyway.....