Soaring Market for Classic Cars - NY Times

[mdsalemi]

 http://nyti.ms/1B1vozA

Article on the "Classic Car Market" from the Saturday New York Times…note the second to last sentence of the article...

[Rolf-Dieter ✝︎]

So very true Mike, I think I may have mentioned to you last time we meet ... When I purchased mine my daughter said "Dad, this is the first car you ever purchased that actually will gain in value, compared to all the other cars you purchased that lost money" she added "Don't you ever sell this car"

Below a screen shot of the second last paragraph of the NY Times article.

[Jkalplus1]

It's all about the 280 though... I think 230s will lag for a long time.

[mdsalemi]

Not so fast, Jkal. The prices of all the Pagodas have been rising. Yes, the 280 is, to the market, more desirable and thus is priced as such. Despite the rarity (and opine of thelews) the comparative rarity of the 250SL doesn't translate to the marketplace. Just a few years ago, the record price for a Pagoda was a 230SL...

One thing is pretty certain, and this is for all cars in the collectible or classic category. Unrestored and original examples are commanding higher prices than ever; well done restorations behind that. What isn't appreciated (as evidenced in the value category) are cars that have been toyed with and we all know what that means.