Quote:
Originally Posted by Ronnie's.930
Rey, I can only speak for myself, butt I don't think anyone is saying Hagerty's ridiculous value scale hurts us, butt that it is deserving of derision considering the scale is absurd and not based on reality.
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The absurdity is happening across all brands. Ferrari is probably king of absurdity when it comes to values. Are they really worth their asking price? As of late I'm getting a lot more interested in an Alfa GTV stepnose and their values as of late have been ridiculous. E30 M3 prices are ridiculous. Now I say the prices are absurd because those are the cars on my bucket list. Truth is I may be wrong, the prices are what they are...and I need to accept that.
Usually reality and insurance don't go hand in hand. The Classic car insurance companies beat to their own drums, so it's not surprising to see high valuations. Example: I called my insurance company to find out the top coverage on a 67 Alfa Stepnose...they said as long as I prove what I paid for it, they would insure me for the amount paid...even if it exceeds their posted limit.