iconoclast6
Well-Known Member
Guess I have to throw my .02 cents in.
As Andrew has suggested, yes Chris, I can't imagine your Malaga not being a #1. And no, your performance upgrade can't possibly make its worth...less.
Based on what I've seen and know, Paul Cain's 3.5, Duane Sword's Alpina tribute, the '74 Don Davis' sale at RM Auctions, HB Chris’s Malaga and others, easily illustrate the conundrum many of us face. Even a tidy sale price of $100k could still be less than the sum we have in the car.
For the most part, I have to agree with Mario's thought:
"a car is worth exactly what someone is willing to pay for it! If it is not for sale, it is priceless to it's owner."
I hasten to add that I love my Agave, but I've often said that while "I came with the one I love, I could easily leave with someone else's girlfriend". I've been fortunate to see fantastic drool worthy e9's from Mario's VSR1, Peter's CoupeKing Shop, and Don Detlefson's The WerkShop and other lesser known craftsmen. Bottom line: great work takes time, resources and expertise. That being said, everyone has somewhat differing philosophies on how to apply their expertise.
As such, I have yet to see an owner with a newly restored car, not want to tinker with some aspect of performance or a cosmetic element. That such changes could further enhance or diminish the value, becomes part of the public and personal narrative of relative worth beyond the cost of restoration.
I've had my car take best of show at Limerock, judged by Wayne Carini if that means anything, among an amazing group of e9's, Ferrari's, etc.. But on the other hand, be passed over by judges at other shows who deemed my e9 inappropriately modified. I'm sure many of us have had similar experiences. I'm convinced that another core part of the value of our e9's, as Mario alludes to, is only partially related to the price paid for, it or how it's judged.
IMHO, a significant aspect if one were to consider selling their e9, is the character and intention of the potential buyer.
I was recently at Charlemagne Motorsports getting my e9 ready for its winter storage sleep, and a fellow made a comment-question about my car, or similar e9's being worth from $75 to $90K. I offered no response. A couple hours later, it turns out that I'd need a ride back to NYC via Metro North, and the same fellow offered me ride if we could make a quick stop. The stop we made was to his compound that housed nearly 20-25 classic BMW's. Apparently, the fellow is warehousing cars that he buys and sells. There is nothing wrong with that. But, unless I absolutely need the $$, I'd prefer to sell my car to someone who would prize and drive the car, rather than to a someone who would hold it to then flip it.
That would be the value, beyond price, that would be satisfying
Nuff said...
Chuck
As Andrew has suggested, yes Chris, I can't imagine your Malaga not being a #1. And no, your performance upgrade can't possibly make its worth...less.
Based on what I've seen and know, Paul Cain's 3.5, Duane Sword's Alpina tribute, the '74 Don Davis' sale at RM Auctions, HB Chris’s Malaga and others, easily illustrate the conundrum many of us face. Even a tidy sale price of $100k could still be less than the sum we have in the car.
For the most part, I have to agree with Mario's thought:
"a car is worth exactly what someone is willing to pay for it! If it is not for sale, it is priceless to it's owner."
I hasten to add that I love my Agave, but I've often said that while "I came with the one I love, I could easily leave with someone else's girlfriend". I've been fortunate to see fantastic drool worthy e9's from Mario's VSR1, Peter's CoupeKing Shop, and Don Detlefson's The WerkShop and other lesser known craftsmen. Bottom line: great work takes time, resources and expertise. That being said, everyone has somewhat differing philosophies on how to apply their expertise.
As such, I have yet to see an owner with a newly restored car, not want to tinker with some aspect of performance or a cosmetic element. That such changes could further enhance or diminish the value, becomes part of the public and personal narrative of relative worth beyond the cost of restoration.
I've had my car take best of show at Limerock, judged by Wayne Carini if that means anything, among an amazing group of e9's, Ferrari's, etc.. But on the other hand, be passed over by judges at other shows who deemed my e9 inappropriately modified. I'm sure many of us have had similar experiences. I'm convinced that another core part of the value of our e9's, as Mario alludes to, is only partially related to the price paid for, it or how it's judged.
IMHO, a significant aspect if one were to consider selling their e9, is the character and intention of the potential buyer.
I was recently at Charlemagne Motorsports getting my e9 ready for its winter storage sleep, and a fellow made a comment-question about my car, or similar e9's being worth from $75 to $90K. I offered no response. A couple hours later, it turns out that I'd need a ride back to NYC via Metro North, and the same fellow offered me ride if we could make a quick stop. The stop we made was to his compound that housed nearly 20-25 classic BMW's. Apparently, the fellow is warehousing cars that he buys and sells. There is nothing wrong with that. But, unless I absolutely need the $$, I'd prefer to sell my car to someone who would prize and drive the car, rather than to a someone who would hold it to then flip it.
That would be the value, beyond price, that would be satisfying
Nuff said...
Chuck
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