Avanti Values?

[aardvark]

So, we have the Original '63-64's, Following that comes a slew of '65-85?'s , then the 2001-2007's.

The question is what are the average sell prices in all 3 categories? Please if possible break to down into those 3 segments.

Lets use a 1-10 category and yes a 7 as a focus point..Not a perfect method by any means but an educated guess is desired.

[mfg]

Tough question, as lately it seems like collector car selling prices in general are down.

Of course, there’s always exceptions!

[64StudebakerAvanti]

Why not use Hagerty's valuation tool as a guide?

[Hogtrough]

I'll take a stab at 63 and 64.

R1 needing everything 8K, driveable but needing TLC 12K, nice drivers needing little or no work 20-25K. 

R2 needing everything 12K, driveable but needing TLC 16K, nice driver needing little or no work 25-30K.  

 

I don't know much about the later models. Here is what Hagerty says abouut R1...: 

Edited Sunday at 02:50 AM by Hogtrough

[Hogtrough]

1 minute ago, Hogtrough said:

I'll take a stab at 63 and 64.

R1 needing everything 8K, driveable but needing TLC 12K, nice drivers needing little work 20-25K. 

R2 needing everything 12K, driveable but needing TLC 16K, nice driver needing little work 25-30K.  

 

I don't know much about the later models. Here is what Hagerty says abouut R1...: 

....and here are the R2 prices:

[Hogtrough]

Hagerty  prices look unrealistic at first, at least to me. However, a big factor is that nearly all sellers would pick a condition number one larger than their car would really deserve. A number two car is driven, but otherwise virtually flawless in every way, and a number one car never leaves the trailer. My Avanti recently experienced a condition downgrade when a body shop I left it with parked it outside with the windows down for 2 months, pretty much reversing everything I had done to the interior and ruining what was left of the paint by sanding it. When I'm done redoing it, with new paint and refurbished interior,  the car will be a strong number three  R1 with air conditioning, putting it at $27,600. Sounds about right.

Edited Sunday at 02:52 AM by Hogtrough

[aardvark]

Haggerty and Bring a Trailer have pricing data.   They basically follow the sales trends.

I'll buy that for the R-1 and R-2.. but there are other models. 

[64StudebakerAvanti]

They do list Avanti with R3 engine with and without 4spd

 

 

[aardvark]

Yeah, it's due to rarity. And other issues enter into the mix.

So then.. I have a '02' model.. 1 of 33 made. 1 of 15 in Convertible... I bought it at the right price (quite low) and in the 2 years I've watched it escalate to over 3X what I paid. They seem to be averaging $50k+. One recently sold for well over $100k (a fluke).

So I'm in a quandary as to sell or not. Will it keep escalating in price? My suspicion is YES!..Mainly due to low miles and rarity.

[Footer]

Do all nine original R3 cars still exist, and I wonder if there are still any 3 speed cars that haven’t been converted?

[64StudebakerAvanti]

If you can get $50k, you should sell:

[aardvark]

That is not the pricing I have seen.   By the way, what year car are those numbers representing?

Edited Tuesday at 09:22 PM by aardvark

[aardvark]

footer.

Seems like there are more out there than were actually produced.

 

[Avanti1963!]

aardvark, please tell us about the one that sold for over $100K.  Even over $50k is hard to believe these days. 

[64StudebakerAvanti]

The posted prices are for 2002 Avanti convertible. 

[aardvark]

I believe there was just recently an R2  that sold for $150 and the one newer model that was in storage overseas went very high as well.

For the R2, look in the For Sale section here.

It kinda shows there are possibilities to bring the cars into unexpected profits.

So currently I have an '02'. I wouldn't let it go for less than $60k.Understand I don't want to sell right now but if offered that, it would be gone.  Will it bring that price today? Maybe but not likely.. All said, they will be bringing that in the future if the current price rises I've been watching continue. The price of mine has near tripled since I bought it just 2 years ago.

[ronmanfredi]

It's pretty irrelevant what any of the websites say about the value of the cars.  They are only worth what someone is willing to pay for them at the time.  

[aardvark]

Amen Ron.

Considering the rarity, It leaves us room to ask what We want.

I'm in conversation with a guy right now who is searching hard for a '02' or newer, He's hitting a wall and can't accurately find any Comps on the vehicles.

Imagine no real Comps... when only about 35 a year were even produced.

[ronmanfredi]

19 hours ago, aardvark said:

Amen Ron.

Considering the rarity, It leaves us room to ask what We want.

I'm in conversation with a guy right now who is searching hard for a '02' or newer, He's hitting a wall and can't accurately find any Comps on the vehicles.

Imagine no real Comps... when only about 35 a year were even produced.

2001 with 40K, two owners (father/son) sat outside for a couple of years with fiberglass repair needed, sun damage= top needed, seat covers, full paint.  Sold for $15K 2 months ago California

2007 with 38K, one owner from Florida, excellent shape, sold for $38K 4 months ago 

2007 with 99K, two owners (father/son) from Missouri, good shape for mileage, sold for 22K last month.

[mfg]

Resale value of my four Avantis and two other Studes means very little to me… I purchased these cars for several different reasons……How much profit I might make ‘down the road’ wasn’t one of them.

[aardvark]

Profit for me is a necessity or I can't afford the hobby. I'm not made of Money ... I make Money...  So I buy right and always shoot for a 50% profit, or I don't do the deal. Thus far I have 4 Sports Cars. ALL have a large built in Profit Margin. If they need sold I won't suffer a loss. So I'll be selling and searching for the next vehicle..

Don't get me wrong, I LOVE me some Horsepower and Shine, but I don't get attached to them over the Love.. It must profit or I'm out.

[mfg]

Nothing wrong with that!!

[aardvark]

Well, Mfg... I just don't have a choice. I need to watch where my pennies go.

I'm also at the age where working on them much is out of the question,

[mfg]

10 hours ago, aardvark said:

Well, Mfg... I just don't have a choice. I need to watch where my pennies go.

I'm also at the age where working on them much is out of the question,

Something which I’ve seen as a ‘positive’ over the years is that Studebaker/Avanti prices have never taken off ‘through the roof’ as prices of other collector cars have. (Corvettes, some Mopars & Fords)

This fact has allowed me to buy and sell Studes at prices which I (and others) can afford…..Some may see Studebaker/Avanti financial values lower than comparable vehicles as a negative, however, I’ve always felt their more attractive pricing was a good thing! (IMHO)

 

Edited 3 hours ago by mfg
Spell

[aardvark]

I can see that from a Buyers point of view... and agree it's like a good thing. 

For me.. ALL Collectibles are still surging and it suits me that what I've bought (4 differing Sports cars) have escalated to 2X the value that I spent. So the Avanti's haven't surged to (say) the value of a Camaro or Stang, That's good since the entry level is still available.

But to me, the Avanti's are on the rise.