Did haggerty value go up again?

[bpu699]

#1 300k
#2 233
#3 180

For a 1987...

Anyone want to buy my driver for $180k?

1987 testarossa... #3 87k

Is this a recent update? Seems higher then the summer...

[kenikh]

Thise numbers are not aligned with reality. You can buy #2s all day for $125K.

[boosted79]

It is in Hagerty's best interest to inflate the values.

[speednme1]

Originally Posted by boosted79

It is in Hagerty's best interest to inflate the values.

Also the owners. Just because the values are that high, one does not have to insure them for that much. It is nice to know if one chooses to insure them for top dollar, one can. Hagerty as well as any other carrier cannot force you to insure for top dollar. I don't see the negative drawback to all this.

[Ronnie's.930]

Originally Posted by kenikh

Thise numbers are not aligned with reality. You can buy #2s all day for $125K.

Originally Posted by boosted79

It is in Hagerty's best interest to inflate the values.

Agreed - the Hagerty valuation guide has been a complete joke for the past year or so and makes it seem like the peeps working in that department don't know Richard about what's going on.

Originally Posted by speednme1

Also the owners. Just because the values are that high, one does not have to insure them for that much. It is nice to know if one chooses to insure them for top dollar, one can. Hagerty as well as any other carrier cannot force you to insure for top dollar. I don't see the negative drawback to all this.

Good point, Rey.

[zakira]

Is it just me? When I'm over at Ferrarichat, the guys over there high five each other when the values of their cars go up, say the Testarossa or the 308, but over here when they're told the values of their cars went up, they get bent out of shape and fights break out.

[Edelweiss]

Dear fellow Pelicanites,

it is my impression that in reality prices are coming down again - you find a good 86 930 offered at 70 k and sold around 55 k or less.

Tuning projects - also high quality ones - are going even cheaper.

Since I own these cars I would like it an other way but it was sort of a bubble wherein some cars where sold and bought in a speculation manner.

I bought very good cars for about 25 k to 35 k since 2013 and now it is plus 10 to 20 k.

Porsches are always more realistic and stable - which is good.

Cars now are offered at 100 k or more but they are not moving.

It seems the speculation zone is saturized now and the market starts to relax again.

Best reg.

Dirk

[MichaelB]

I dont see it that way Dirk. I watch the market, and see different indicators than you.

And with the mainstream media producing perks like this:

http://finance.yahoo.com/news/vintage-porsches-rising-next-blue-161833896.html

I see a brighter side.

[93097004xx]

Originally Posted by Edelweiss

Dear fellow Pelicanites,



it is my impression that in reality prices are coming down again - you find a good 86 930 offered at 70 k and sold around 55 k or less.



Tuning projects - also high quality ones - are going even cheaper.



Since I own these cars I would like it an other way but it was sort of a bubble wherein some cars where sold and bought in a speculation manner.



I bought very good cars for about 25 k to 35 k since 2013 and now it is plus 10 to 20 k.



Porsches are always more realistic and stable - which is good.



Cars now are offered at 100 k or more but they are not moving.



It seems the speculation zone is saturized now and the market starts to relax again.



Best reg.



Dirk

There will be no nice 87 930s selling for $55,000 or even $75,000. You can spend $55,000 on 87 Carrera.

You can buy a track dog 930 for $55,000.

A nice 930 is now $100,000

A nice 1978/79 930 is now $150,000

A nice 1976 930 is now $250,000

The air cooled market is just at the beginning of a long process of increasing values.


Sent from my iPhone using Tapatalk

[cover]

Originally Posted by Ronnie's.930

Agreed - the Hagerty valuation guide has been a complete joke for the past year or so and makes it seem like the peeps working in that department don't know Richard about what's going on.

OR..... maybe they do know exactly what's going on.

On which data do you base your opinion?

[bpu699]

Originally Posted by zakira

Is it just me? When I'm over at Ferrarichat, the guys over there high five each other when the values of their cars go up, say the Testarossa or the 308, but over here when they're told the values of their cars went up, they get bent out of shape and fights break out.

Try to find a testarossa for 87,000$... They are listed and selling for 120-300k..

On the flip side, I can find 930s for below 80k pretty easily...

I hope they both skyrocket, as I own both...

I want to believe haggerty, but there numbers are just silly. It almost seems like a typo?

[ficke]

Originally Posted by zakira

Is it just me? When I'm over at Ferrarichat, the guys over there high five each other when the values of their cars go up, say the Testarossa or the 308, but over here when they're told the values of their cars went up, they get bent out of shape and fights break out.

I have noticed that also.
I have thought about this and believe the Ferrarichat site is heavily populated with people who made there money investing and this site has more of the trade your time for money group.

Maybe we are more passionate about our cars since we work on them more? here we tend to have only one or two?, some bought a used Porsche in the hope of moving up?
Drive Porsches more?

I think the investor mentality over at Ferrarichat is the best explanation I came up with.

[cover]

If we are talking about cars which have been modified more than just a little bit, it is a whole different market and not straight forward.
You may still find sub 100k $ 930s in that segment.

But stock or stock'ish for less than 100k. ......I don't think so.

[Tippy]

Originally Posted by cover

OR..... maybe they do know exactly what's going on.

On which data do you base your opinion?

Based on the eBay 100k cars that never sell, I believe is what Ronnie is referring to.

[cover]

Originally Posted by Tippy

Based on the eBay 100k cars that never sell, I believe is what Ronnie is referring to.

I don't think you can substract any solid information from eBay.

First of all, 930s are generally not eBay material anymore.
An nice 930 offered on an eBay auction will appear "fishy" by definition now.

Furthermore, there is so much going on behind the scenes that it distorts the appearance of things.

[boosted79]

I suspect it's a good business to be in. As the valuations increase the insured tends to take less risk with the vehicle meaning fewer claims but higher premiums for the insurance company. If you have a $650k 365 BB sitting along side your $100k 930 which one are you going to be more likely to run down to pick up a six pack with? Increasing valuations are good, just take the Hagerty valuations with a grain of salt.

[RarlyL8]

Here we go again.
Driver 930's don't SELL for $100K.
Flippers want the prices to advertise as high as possible.
Insurance companies base premiums on value and prey on the egos of "collector" car owners and market hype. Hagerty can come buy my 930 for $180K all day long. I'll even wash it for them.

eBay is a joke. Think your 930 is worth $100K? Put it on the market for that and listen to the crickets chirp. I just bought an SC and a G50 Carrera for 1/3 the price they ask for on eBay.

[cover]

Originally Posted by RarlyL8

Here we go again.
Driver 930's don't SELL for $100K.

Oh yes they do.
My friend sold his, reasonably close to stock, 76 driver for 145k $ to a German dealer who immediately sold it to another guy in Denmark (with a profit I presume)
And that was 7-8 month ago.

If by "Driver 930", you mean " Modified 930" ...... Then you are probably right.
But close to stock drivers are definitely pretty strong money now.

[RarlyL8]

'78-'88 are the years I am talking about. By "driver" I mean a driver; cars with miles and wear, no matter if stock or modified. Cars between #3 and #2 on the insurance scale.
The early 930 and '89 G50 are wild cards having prices all over the place.

[zakira]

If Hagerty is jacking up the valuation to collect higher premiums, then why don't they do it to all collector cars across the board? They'll surely make more money that way. But they don't. Some go down.

But whenever I post this, it gets ignored like it doesn't exist. But it is a legitimate point. Too tough to answer?