I sold my Baikal (originally Sahara)/Saddle ‘72 tii (sunroof car with 54K documented miles and reams of records going back to 1972) at Concours on the Avenue in Carmel this past August (an hour after it had won Best in Class) for a price that makes this result look positively tame. I had no plans of selling it and had never even mentioned to a single soul that I’d entertain a sale...but the price was an opportunity that I would have been stupid to pass on. Yes, I still miss her.
I never saw this BaT car in person but it looked like a gorgeous car. My friend and OCD body-man, Roger Elle, who knew my tii intimately, saw this car at Legends and texted me “it’s a pretty straight car but not even in the same class as yours.” When I pressed him for further details, he said “the paint looks dead compared to your car, the interior isn’t nearly as nice, there’s no sunroof and it doesn’t have even close the provenance of your car.” That’s Roger, it sure looked sweet to me!
Respectfully, I think that there are a few things that the “A-Fool-Is-Born-Every-Minute” contingent is missing.
First, I think that some people are not grasping the enormous scale of wealth that we’re talking about with buyers who pay the top dollar prices. For the most part, they are not you and I, dear fellow FAQers. They are people to whom another $100K or so means NOTHING if they really want something badly enough. The European gentleman who bought my car recently spent a million dollars on the restoration of a 1953 Italian exotic, including nearly $100K to recreate a missing transmission (case, gears, synchros, everything). His attitude was that he might never encounter a tii as nice as mine and he wasn’t getting on a plane home without having secured it. By the way, he was/is no fool. He is a self-made success story worth hundreds of millions who builds global companies, not to mention an MBA who speaks 5 languages. He was 100% aware of the past precedents and “market value” (whatever that means) for tiis...and couldn’t care less, as long as my car was relocated ASAP from my garage in Oakland to his in Belgium.
Another crucial consideration here is simple demographics. In general, the people paying the really big prices for these cars (and other cars of the late 60’s/early 70’s) were in college or grad school and broke when they were new. They lusted after these cars in their youth but couldn’t afford to buy them, not even close. Now, 40-50 years later, they’re hugely wealthy and can purchase whatever they want, in this case not only a car but an object that brings them instantly back to a nostalgic, romantic, magical reference point in their lives. That feeling is really what they’re paying for: They can’t be 20 again, but a showroom-time-warp tii can make them feel 20...and how do you put a price on that?!
By the way, an interesting point about the factory, 2002 Turbo. Yes, they’re rare and cool...but some people don’t covet them nearly as much as they do a nice tii. First, they’re nowhere near as sweet of a pure, “driver’s car” and few people disagree about that. Second, their style is quite polarizing, with some finding them “period-awesome” while others view their riveted flares and loud graphics to be too flashy.
COOP
PS: A couple shots of my car below, the day that it sold. Sigh...