Atlantik tii just sold on the bay

[auggiemize]

Does anyone remember any 2002 that sold for more than 19K on ebay? Seems like I remember a car in the 17K range....I know that few of us with this bavarian disease do this for the big pfennings, but that's a pretty impressive price.

Dave V. in NC

[Rastadog]

price makes sense to me

[Guest Anonymous]

M2 out of Ca sold for 20k then was turned for 22k a couple of years ago.

[02jake]

it's about time. everthing else has gone up in value. Looks like alot of effort went into the car

'72 tii

'59 356 D

'71 t100c

'39 m20

'31 flying squirell

[Craig74tii]

I know because I have the same car. I dropped it off at Coupeking yesterday for all bodywork and paint, so I was following this pretty closely.

End of last year, there was an Inka squarie tii that went for 20K. I think that's the highest so far. Someone correct me if I'm wrong.

I make a new folder and copy all pictures and the final price for all high dollar tii's. Future reference.

[danjrusdug]

I bought my '73tii Atlantik the same week I took a severance package from a Fortune 500 company. My wife was livid. At the time, the PO put over $12k into the car and the engine seized. I got it cheap & had the engine rebuilt. I have a total of $4k into the car.

I had a hard time convincing the wife that I needed another '02 but I told her if I did not find a job, or finances got REALLY tough, I would sell it.

Fortunately, I got a job halfway through my severance $$$$ and kept the car. She was still not convinced that I should keep the tii. Again, as good fortune would have it, my son posted a picture of the tii on his blog with the tag "My future car".

OK, now I can keep it since we are adding another driver next year! And news of this ebay sale will support the theory that I was not wasting $$$.

Cheers,

Doug

'73tii Atlantik

'72 Ceylon - waiting for me to open the boxes with Canadian shipping that holds the balance of a new interior from SeamsPerfect!

[f1reverb]

buy your '02 to keep forever or you just want to make money off an '02 and really have no interest in ownership and enjoyment over the long haul of life. Did Mr. Ebay Atlantik loose a bundle at his sale price or make a profit? It seems to me that the high price '02s result in losses for the sellers if they built the car themselves. Even on Barrett's auction last month the only '02, fully restored, sold for 17280. Of course you couldn't duplicate it for that kind of money, so at that price it's a good buy. Does the purchaser of this type of '02 plan to keep it for life or hope to turn it for a few grand in the near future? As a buyer of an '02 you don't want to spend that kind of money unless it saves you money in the long-term. Why do you guys want to see high prices for an '02? Profit seems the only answer.

[danjrusdug]

Instead, I like to see the prices go up as I plan to keep my 02's and appreciate their increased value. I don't like to see anything I own lose value.

Doug

'73tii Atlantik

'72 Ceylon

[f1reverb]

for your car? That's not losing money then at all. Now if one paid an inflated price or put 30k into the car, you'd pray for it to go up. I paid 4k for mine in 1990, and I don't care what it's worth today as it's not going anywhere, even if it were my only car and I drove it into the ground. Aside from normal maintenance (I do all repairs myself), I haven't put 750 bucks into it.

[Craig74tii]

I'm about to spend a lot of money on a complete restoration. I don't plan on selling the car ever, but, if I had to it's nice knowing that the money I spent didn't go down the drain.

Who in their right mind would spend a ton of $$ on a car that will still be worthless when you're finished?

I think most everyone would agree that you won't make money on these cars, but it's nice to know that our hard work and money didn't go to waste.

Craig74tii

[BarryA]

exception - valuation for those of us who have the misfortune to get whacked by some idiot who's drunk / asleep at the wheel / preoccupied with a cell phone conversation / distracted by shrieking kids / in too big a hurry to bother stopping for a red light or stop sign (pick any that apply).

From past experiences trying to save cars that were hit by some dimwit, I've found that I've had more success getting insurance companies to pay up when a vehicle's market value is higher, and the repair cost is a smaller percentage of the total value. Of course, increases in value cut two ways - if you've had your car for a while and bought it at a price that's much lower than current value, you may come out ok on getting it repaired; if the car's a total, replacing it for reasonable money gets much more difficult

[_z_]

I'm about to spend a lot of money on a complete restoration. I don't plan on selling the car ever, but, if I had to it's nice knowing that the money I spent didn't go down the drain.

Who in their right mind would spend a ton of $$ on a car that will still be worthless when you're finished?

I think most everyone would agree that you won't make money on these cars, but it's nice to know that our hard work and money didn't go to waste.

Craig74tii

Well it wouldn't be worthless if you personally valued the car so much!!!

What it does do, however, is give you a good benchmark to use with insurance IF the car you just dropped a shedload of $$$ gets totaled.

This way you can go and say, look .. this car and that car sold for over 15k so give me the true value of my car if you need to make a settlement.

So even if you are never going to sell your baby it should make any claims reflect the true value of the car

which is groovy

[Craig74tii]

about the Jeep Grand Wagoneer sitting in my driveway. I've mentioned it before.

Before the gas spike these were going for near 30K. I have a rare color, one of the last ones ever produced, and with a moonroof, also rare. Now the market has turned south and I don't know if I should restore this Jeep. I love it and would like to keep it forever, but it doesn't seem smart to bring it back to new.

Craig74tii

[f1reverb]

value decided up-front before a crash, with a stated value policy, which is easier with classic/historic insurance than a regular ACV/FMV policy where it's tough to squeeze the proper value. As a daily driver though, most '02s aren't worth the big bucks as they aren't the best examples in the '02 world, and getting stated value on a daily driver is harder. I think a restoration will put one into a category of being happy just to get their money back, as most restorations, at least the ones I've seen using Barrett as an example and some on this list, are money losers except in the event of an insurance loss with stated value. If I were going to spend up to 20k on a BMW I'd get an E30 M3 and 325is, and just keep my 4k '02. If I didn't have mine, a decent '02 and an E30 M3 could still be had for the 20k, say an 8k/12k split. Collectors just don't care about BMWs other than pre-war and 507s, and that's what really drives the market value up.