The quote “Price is what you pay, value is what you get” is attributed to Warren Buffet/Benjamin Graham. Price is arbitrary, value is fundamental. Determining the value of a stock is difficult and complicated, however getting a reasonably accurate result is possible. Finding stocks that were priced below their value made Mr Buffet a wealthy man.
Determining the value of a 60 year old vehicle may be as difficult as determining the value of a publicly traded company. Each of the ~4500, ‘63-‘64 Avanti's would need to be evaluated on an individual basis. At this point in their lives, no 2 cars are going to be in the same condition. This makes it unreasonable to state a value for, say all ‘63 R1’s. Some are projects, both big and small, some will be DIY jobs others will be farmed out at current shop rates. Some will be nice drivers, others may win a ribbon at a local car show, a few will be trailer queens.
True or not, it is often said in the classic car collector world, that you’re better off buying a car that someone else fixed or restored. Not everyone wants a project. They want a car that can be driven for fun and shown simply for the sake of showing it to others. They are frequently bought with disposable income and little to no intent of ever being sold.
What we end up with are broad strokes of ratings from 1-4, when it should probably be 1-100. Then we get an average for each group. It’s the best we can do unless we have each car appraised and then add that information to the registry.