Author Topic: W113 auction sales - market comps  (Read 1702 times)

classicdotcom

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W113 auction sales - market comps
« on: June 07, 2019, 16:51:49 »
Hello everyone,

My name is Juan and I am one of the guys behind CLASSIC.COM — we recently added the W113 to our classic car market analytics platform, and I thought that this would be the perfect place to get feedback on it.

I’d be honored if you take a look and let me know what you think of it — all feedback welcome!  And if you want updates when we find new W113's for sale, or new price alerts, feel free to "follow" the market.

https://www.classic.com/m/mercedes-benz/sl/w113/

- Juan Calle

PS> My brother used to own this 1965 230SL and we miss it
« Last Edit: June 07, 2019, 19:15:54 by classicdotcom »

Norm

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Re: W113 auction sales - market comps
« Reply #1 on: June 07, 2019, 18:50:08 »
Hi Juan,

Welcome to the site.  I like the format for your data.  It is easy to navigate and interesting supporting data.

You may want to revisit your production numbers for all three models, 230, 250 and 280.  It would appear you have listed car volumes exported to the US, not total production.

Total production numbers can be found in the technical section under data cards, etc.

Thanks for posting the link. :)

Norm
Norm
1966 230SL 162H Blue-Grey
1994 Acura NSX Formula Red
2016 Acura RDX Slate Silver
2011 SL550 Diamond White
2011 Harley Davidson Super Glide

classicdotcom

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Re: W113 auction sales - market comps
« Reply #2 on: June 07, 2019, 19:18:17 »
Thanks Norm - we're looking into it!

classicdotcom

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Re: W113 auction sales - market comps
« Reply #3 on: June 07, 2019, 20:07:41 »
Hey Norm - those charts were a bit confusing for us, but we took our best shot at updating the info. Let us know if we got it completely wrong?  :-\

Hi Juan,

Welcome to the site.  I like the format for your data.  It is easy to navigate and interesting supporting data.

You may want to revisit your production numbers for all three models, 230, 250 and 280.  It would appear you have listed car volumes exported to the US, not total production.

Total production numbers can be found in the technical section under data cards, etc.

Thanks for posting the link. :)

Norm

Norm

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Re: W113 auction sales - market comps
« Reply #4 on: June 07, 2019, 20:32:16 »
Much better!

I believe the reference in the technical manual is to Engelen, whose book, Mercedes-Benz 190 SL - 280 SL is a pretty good source.

Norm
Norm
1966 230SL 162H Blue-Grey
1994 Acura NSX Formula Red
2016 Acura RDX Slate Silver
2011 SL550 Diamond White
2011 Harley Davidson Super Glide

Dave H

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Re: W113 auction sales - market comps
« Reply #5 on: June 09, 2019, 10:54:46 »
Good format, like it a lot.

Interesting looking at the average prices paid.

230SL 16 sales average $47.69K
250SL 06 sales average $82.32K
280SL 28 sales average $78.36K

The 250 is top dog based on these figures, interesting.
Mercedes 250SL    1967
Mercedes 250SLK  2014
Alfa Romeo 166 3.2 Ti
Fiat 500

Peter

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Re: W113 auction sales - market comps
« Reply #6 on: June 09, 2019, 15:01:09 »
Concerning market prices, is this site a good source?

Die Preisentwicklung der Pagode (Quelle & Copyright: Koellner SL-Service)      
   
http://www.pagodenteile.de/info/17.htm


teahead

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Re: W113 auction sales - market comps
« Reply #7 on: August 27, 2019, 17:43:19 »
Man, this sale sure blew up the average:

https://www.classic.com/veh/1971-mercedes-benz-280-sl-pagoda-11304412018997-WbBkqaW/

Anyone want to gather why it sold so high?
1970 280SL auto, AC - aka "Edelweiss"

Cees Klumper

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Re: W113 auction sales - market comps
« Reply #8 on: August 27, 2019, 20:22:56 »
I can't figure out how to see any photos of this champion but from the one cover shot it appears the rear is sagging. Surely not at that price. Seems like the seller got lucky as there were bidders that "just had to have this baby".
Cees Klumper
1969 Mercedes 280 SL automatic white
1990 Ford Bronco II 2WD Colonial White

Garry

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Re: W113 auction sales - market comps
« Reply #9 on: August 27, 2019, 20:42:03 »
I like the format of the site.


Having just done a visit to the RM Restoration workshop and seen what they do to restore their cars, and if this car below  had been through their workshop, then the owner will be making a loss on that sale.  I will also note that my past own 280sl 5 speed rhd sold again earlier this year for more than that price.
Garry Marks
Melbourne/ Kyneton, Australia
1965 MB 230SL Auto RHD Lt Blue 334G, Top 350H, 213 Leather, Tourist Delivery
2005 MB A200
2008 MB SLK 55 AMG
2016 VW T6 4x4 pop top Camper

neelyrc

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Re: W113 auction sales - market comps
« Reply #10 on: August 27, 2019, 20:54:00 »
The posted link to the Sotheby’s auction on this car in a parallel thread opened but could not be navigated on my device to see individual pictures.  I opened the Sotheby’s site in another window and could see the thumbnails but could still not open them individually.  It would appear that this car is similar to the ones restored and advertised for sale in this price range by the Classic Center.  A ton of money and effort has been expended but the end result is still not 100% as original.

Seems like the seller got lucky as there were bidders that "just had to have this baby".

I agree Cees!
Ralph
USA
1969 280SL, 4 Speed Manual, Dark Olive (291H), Parchment Leather (256), Dark Green Soft Top (747)
2007 BMW 328xi (E90)
1995 Jaguar XJS Convertible
1988 Mercedes-Benz 560SL
Italy
2004 Toyota HiLux D4D Pickup
2008 BMW 330xd Futura Coupe' (E92)

louie2

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Re: W113 auction sales - market comps
« Reply #11 on: August 28, 2019, 01:19:36 »
great info on market values

Shvegel

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Re: W113 auction sales - market comps
« Reply #12 on: August 28, 2019, 02:15:00 »
Teahead,
The 71 280 sold so high because there were 2 people in the room willing to pay 60K more than it was worth.  Good restoration but not perfect by any stretch.  Wrong valve cover etc etc.

66andBlue

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Re: W113 auction sales - market comps
« Reply #13 on: September 07, 2019, 17:48:15 »
Prices for high end oldtimers are going down fast:
"The 2019 Monterey Classic Car Auctions wrapped up Saturday evening with total preliminary sales of only $245.5 million, a reduction of 34 percent compared with the 2018 overall results."
The only up market was for cars in the +/-$60K range.
https://journal.classiccars.com/2019/08/18/monterey-auction-sales-suffer-embarrassment/
Alfred
1964 230SL manual 4-speed 568H signal red
1966 230SL automatic 334G light blue (sold)
1968 280SL automatic (now 904G midnight blue)

Shvegel

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Re: W113 auction sales - market comps
« Reply #14 on: September 07, 2019, 22:05:25 »
Prices seem to retract right before a recession and seem to peek a little after the drop.  Well chosen collectible cars are known to be a better investment than treasuries in a sluggish economy.