quote:
Originally posted by linklaw
Has anyone been following recent auctions for MK IV cars that have sold? I want to increase the insurance on mine and the agent said that I need to come up with some indication that the value has increased, such as recent auction results. If anyone has this info, please post it. USA auction results would be best as the company, American Collectors, is in the US. Thanks.
John
John,
Just went through the process with my Mk IV. In addition to the Hagarty values by condition: Fair ($66,500), Good ($84,000), Excellent ($97,000), and Concours ($119,000); I added a spread sheet summarizing the asking price and confirmed sale prices for 10 MK IVs. Between 2011 and 2013 asking prices for Mk IV’s averaged $99,670 (N=10) and sale prices averaged $94,095 (N=8). Of those sold in 2012-2013 the average asking price was $105,749 (N=8) and sale price averaged $97,400 (N=5). PM me if you would like the table containing all the info (dates, description, website/seller info, etc.). I’d post it here but people tend to hold their cards close to their chest when they start talking about money. If the group is interested I would be happy to add any additional data sent to me and post the whole thing here. The cars are identifiable, as are some of the previous owners, but the latter can be removed.
Art
