Join Date: Apr 2013
Location: Clearwater, Florida USA
Vehicle: 1999 SLK 230 "Sport"
Other Toys: 1972 & 1973 Datsun 240Z
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Over the past 10 years or so - there has been a growing interest in and appreciation of - Classic, Collectable and Special Interest cars in Perfect Original condition. In these cases "Original" absolutely means "as it left the factory". Most often these are extremely low mileage examples that have been properly cared for and stored.
New Judging Classes have been added to many of the top Concours Events around the USA, so these perfect original examples can be judged on their own unique merits. As such the competition in these classes has grown as more people get interested - and is now driving the values of these examples higher and ever higher.
At $14K - it would seem that the added value to this model is around $6K to $7K or 100% at this point. On cars 25 years old that premium can easily be 400%. Added to some Collectors private collection, kept in top condition and 7 years from now - it could be an easy $60K.
The buyer remarked that he was going to give it to his daughter to drive. Put 20K miles on this car over the next two years, get a few door dings, a couple of scratches in the paint and add a few aftermarket parts, get the undercarriage and engine bay a little grimy. It will be worth $6K.