Insurance valuations etc. for unrestored classics ?

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Marcus
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Joined: 2012-10-23

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Hi

Re the quote below by Bonhams (taken from the link) and the
C&SC Price Guide, any progress or thoughts on how to approach future valuations for
unrestored classics for insurance purposes etc….?

Thanks

“Good original, unrestored cars are now highly sought after,
with the values of preserved cars escalating every year,” Rupert Banner,
director of Bonhams’s car department at www.bonhams.com, said in a news release. “In the last two or three years, auction prices for preserved cars in their original condition
have exceeded those for cars that have been restored.”

http://www.examiner.com/article/restore-or-preserve-that-barn-find

 

James Elliott
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Joined: 2011-03-11

It may seem simplistic, but try ringing an insurance company and asking them.

Failing that, get in touch with the marque/model club and see if they can give you a written valuation. 

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Marcus
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Joined: 2012-10-23

Thank you James I'd tried both options but the couple of insurance companies I tried weren't interested and the club said get what you can.

Nothing exciting at all but I've still got an old unrestored 1982 Audi 100 saloon series I bought in 1987 whch were I think the basis for the new Quattro. The problem with them was, from memory, being the last of the steel bodied cars they soon suffered very badly from rust, however the cost of restoring it nowadays with new parts probably from Germany is just too excessive.

I guess the million dollar question is how far this developing taste for originality is likely to catch on generally, especially at the lower end of the market as distinct from the top end as there must be many others like myself who'd much prefer to sell to preservation conscious younger enthusiasts rather than the old soul destroying scrapyard....?

jimmyjjohn
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Joined: 2014-02-04

It's bad enough my insurance company knows where I live as far as I'm concerned...

Thanks

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