Quote:
Originally Posted by voitureltd
My point is Hagerty valuation is a broad brush approach that some take literately.
Still original #1 #2 or #3, big value difference vs restored to original #1 and excellent aging original vs aging older restored in #2 or #3 categories. Restored cars are worth less than originals mainly because they are not truly original anymore. Sympathetically freshened up originals that go from #3 to #2 or from #2 to #1 just are better cars to many knowledgeable buyers as they are preserved and did not need to be completely refinished. Hagerty does not clarify that difference, which I believe causes some of the problems when people try to place a value with buying or selling. I do not do appraisals anymore ( I'm retired ) but these situations are why professional appraisers that are conversant in a particular model (lets say a 930 ) can be helpful if deciding to buy or sell.
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Makes sense, I agree and feel the same.
Hagerty's is a lagging valuation on something as broad as the condition and selection of cars. It has many holes in it and has many flaws.
But Hagerty is very clear on the wording right or wrong of their view of condition, it is clearly written out. So when using a source, use all of it, as the source intended and not pick and choose what suits your fancy.
There is no all encompassing source for values on emotional buys like used toy cars.
No source should be used as the 'gospel'
An original survivor cars will be 'off the charts' they fall under special treatment and should be handled individually
The problem I have with pricing modified cars is the huge variation in modifications. Many are great and can hugely improve the car, turbo, exhaust, etc. but I have seen an equal amount of stuff that at best is a sideways move and alot that made the car worse.
Some people think they car was improved by removing the AC other see that as a minus. A heavy grabby clutch is considered another improvement by some. Roll cages in street cars, improvement? In extreme case removing the Porsche engine and installing a SBC and thinking your car is still a #2 by Hagerty valuation and you should be able to get $160,000 for it??
So having a base line and consistent meanings is important in conversation about chaotic values.