New record sale price for 2.5-16 Evo 2

190E 2.3-16, 190E 2.5-16, 190E Evolution 1 & 2 models
16v specific information.
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Greg in Oz
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New record sale price for 2.5-16 Evo 2

Post by Greg in Oz » Sun 03 Apr, 2016 10:53 pm

Many will be well aware that I enjoy my classic Mercedes-Benz cars, especially rare and performance models. I have long admired the 190E 2.3-16 "Cosworth" and am now fortunate to own one purchased new by Australia's last F1 world champion, Alan Jones. The 2.3-16 went on to become the 2.5-16 and ultimately the "Evolution" and "Evolution 2" (of which just 502 of each were manufactured for motor racing homologation).

On the occasions when I have visited the Fox Car Collection in Melbourne, I have admired the Evo 2 displayed there (with just 2723km on the odometer when I last saw it in 2008) and wondered how much it would be worth. That was answered with the recent auction of an Evo 2 with 2772km on the odometer expected to sell for between £140,000 and £160,000 (http://www.autoevolution.com/news/extre ... 04927.html). It sold for a record £292,500 or well over half a million Australian dollars (http://www.classicandperformancecar.com ... rd-292-500). Another auctioned recently (with 48,000km on the odometer) sold for €143,750 or around $213,000 AUD (see https://www.bonhams.com/auctions/23590/lot/108/).

Just goes to show the value of rarity, especially with low kilometres.
107023 - 350SLC: 1973, 3sp auto, icon gold, parchment MBtex (sold July 2012 after 29 years ownership)
107026 - 500SLC: 1981, 4sp auto, thistle green, green velour
124090 - 300TE: 1990, 4sp auto, arctic white, cream-beige MBtex
124090 - 300TE: 1992, 4sp auto, malachite (spruce green), black MBtex
201024 - 190E-2.0: 1985, 5sp manual, black, black MBtex
201028 - 190E-2.3 Sportline: 1990, 5sp manual, arctic white, blue leather
201028 - 190E-2.3: 1992, 4sp auto, blueblack, grey MBtex
201028 - 190E-2.3 Sportline: 1990, 4sp auto, signal red, black cloth (parts car)
201034 - 190E-2.3-16 Cosworth: 1985, 5sp manual, blueblack, black leather
YG2S8 - Mini Clubman GT: 1972, 4sp manual, blue, parchment vinyl (my first car which I still own)

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T-Modell
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Re: New record sale price for 2.5-16 Evo 2

Post by T-Modell » Mon 04 Apr, 2016 12:20 am

Greg in Oz wrote:...
Just goes to show the value of rarity, especially with low kilometres.
To me it shows the huge bubble in classic cars that's building up. A lot of people with zero knowledge but lots of money are entering the market. Low interest policy (EU, US) does its own. Talked to a luxerious jewellery / watches dealer recently. He saId, that once or twice a month somebody comes in and ask, which watch to buy for 100-200 kEUR. These people just don't know where to put their money.

I could sell my W111 with a serious profit now, but two questions remain: What do I do with the money and what gives me as much pleasure as to drive around in a W111 with my wife (just came back from this year's first tour with softtop down)?

Thomas
---------------------------------------------------------------
1967 W111 250SE Cabriolet, horizon blue
1973 W115 220D 5.0 Pick-Up Argentina, work in progress 2017/18/19
1986 R107 500SL, arctic white, the midlife crisis viagra replacement
2007 R171 SLK350, calcit white
2008 S211 E63T, calcit white, sleeper

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Greg in Oz
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Joined: Tue 01 Aug, 2006 11:08 pm
Model you own: I own multiple different models
Location: Sydney, Australia

Re: New record sale price for 2.5-16 Evo 2

Post by Greg in Oz » Mon 04 Apr, 2016 12:32 am

T-Modell wrote:
Greg in Oz wrote:...
Just goes to show the value of rarity, especially with low kilometres.
To me it shows the huge bubble in classic cars that's building up. A lot of people with zero knowledge but lots of money are entering the market. Low interest policy (EU, US) does its own. Talked to a luxerious jewellery / watches dealer recently. He saId, that once or twice a month somebody comes in and ask, which watch to buy for 100-200 kEUR. These people just don't know where to put their money.

I could sell my W111 with a serious profit now, but two questions remain: What do I do with the money and what gives me as much pleasure as to drive around in a W111 with my wife (just came back from this year's first tour with softtop down)?

Thomas
It's a similar situation here in Oz, Thomas. With cash investments offering poor returns due to low interest rates, cashed-up baby boomers are buying classic cars that they admired or possibly just remembered from their childhood or youth, possibly because their parents or other relatives owned one. We are seeing silly prices being paid for cars that often weren't anything special. I can understand high prices being paid for cars that were exceptionally good, very expensive or rare in their day but I don't understand lots of money being paid for inexpensive, mediocre cars which sold in large numbers.
107023 - 350SLC: 1973, 3sp auto, icon gold, parchment MBtex (sold July 2012 after 29 years ownership)
107026 - 500SLC: 1981, 4sp auto, thistle green, green velour
124090 - 300TE: 1990, 4sp auto, arctic white, cream-beige MBtex
124090 - 300TE: 1992, 4sp auto, malachite (spruce green), black MBtex
201024 - 190E-2.0: 1985, 5sp manual, black, black MBtex
201028 - 190E-2.3 Sportline: 1990, 5sp manual, arctic white, blue leather
201028 - 190E-2.3: 1992, 4sp auto, blueblack, grey MBtex
201028 - 190E-2.3 Sportline: 1990, 4sp auto, signal red, black cloth (parts car)
201034 - 190E-2.3-16 Cosworth: 1985, 5sp manual, blueblack, black leather
YG2S8 - Mini Clubman GT: 1972, 4sp manual, blue, parchment vinyl (my first car which I still own)

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