Ferrari Mailing List: Re: Hagerty 328 Valuation

[Charles Perry (charles]

I don’t think you’re far off from what evidence I’ve been gathering. Hagerty’s own info has show strong climbs for my TR and F355 over the last year:

 

                http://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vc=913036

                http://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vc=870683

 

I was in Atlanta last week and got to visit a shop whose owner is very tightly integrated to Ferrari values. He has his own 79 308 GTB for sale at $60k now and a very nice but not Concours 512BBi for sale at $250k (mind blown!). And this is not a dealer, per se.

 

As always, selling prices and asking prices can be very different animals, but it is clear that 80’s era cars are on an upswing.

 

 

 

From: Ferrari [mailto:ferrari-bounces+charles=carolina-sound.com [at] ferrarilist.com] On Behalf Of Bob Ochsman
Sent: Tuesday, September 30, 2014 8:11 AM
To: Charles Perry
Cc: The FerrariList
Subject: [Ferrari] Hagerty 328 Valuation

 

Hagerty refused yesterday to place a declared value of $70,000 on my '88 328 GTS - 30,000 miles.  Their position

is that is too high a valuation.  Their rep by phone said they would study the matter further and get back to me.

Now, before you guys get on my case that that's not a Clyde value, that is true.  But to my mind, the declared value for insurance purposes should be the full retail value.  In any case, I'm a customer who is willing to pay the insurance tab for this valuation.

I was motivated to raise the declared value on my car by both the valuation data in Cavallino and the values posted in the latest issue of Forza.  While they may not be fully accurate, many potential buyers and sellers will baseline their negotiations against those numbers.

In any case, the situation is pending and the Hagerty rep said they'd come back to me with their final determination in a day or two.

Thoughts?