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300SL Gullwing, fair price?

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Old Jun 18, 2008 | 10:57 PM
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300SL Gullwing, fair price?

Hi, I'm looking for a 300SL (1957ish) for a restoration proyect. I came across this, which is in actually good condition (not mint by any means), but decent.

I doesn't require that much work, but its second owner is asking, through an intermediary, with matching numbers, clean title and 29k miles, $625,000.

I've also found mint condition cars not far from that price, which makes me think this option is a bit overpriced. .

Any opinions?
 
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Old Jun 19, 2008 | 12:36 AM
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It's in a good condition.
 
Old Jun 19, 2008 | 06:31 AM
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I would go for it regardless of the cost, the car is very iconic and has value. It could possibly appreciate over time.
 
Old Jun 19, 2008 | 08:51 AM
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For an unrestored car it seems way too pricey. I recall seeing real nice restored examples sold at R&M auctions for around $450K- $550K range. Good luck.
 
Old Jun 19, 2008 | 06:30 PM
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Originally Posted by Reve1
For an unrestored car it seems way too pricey. I recall seeing real nice restored examples sold at R&M auctions for around $450K- $550K range. Good luck.
+1.
Anyway... IMHO the Gullwing is really at its peak right now and will not see any big increases in value over the next 5-10 yrs.
 
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