Classic VW market overheating?

Looks a good project but three and half grand for a MOT-less, non-running Golf with dents;

http://www.ebay.co.uk/itm/1983-MK1-VOLKSWAGEN-GOLF-GTI-BLACK-Good-honest-car-/172000111569?hash=item280c016bd1:g:XLUAAOSwcdBWSPBQ
 

The way things are at the moment he'll most likely get the money for it!

Clearly it's an export from Germany (Bergen) and if anyone interested in seeing it I think the guy is down in the Guildford area of Hampshire.

Bet the sunroof has gone with all that damp inside, had a respray and only an 83 car, would have expected it to be a much earlier one in that condition/price.

But as you say, in today's market who knows?  I can't quite see bubble bursting for original cars anytime soon, they are getting rarer by the month - look at the prices of RS Fords, crazy high prices still for standard un-touched cars.

We saw first hand at the NEC the money that dealers and collectors are willing to offer for golf. They are becoming a lot more desirable in that world.

But this is only for top quality cars tho

This guy's a dreamer but someone might pay it

There are bubbles and then there are bubbles….

My view is that it is the top-end of the classic market which is becoming overheated. A result of higher-end classics being viewed as an 'investable' asset class (eugh!), similar to art and wine etc.
I was at the NEC yesterday and was shocked by some of the very average cars some dealers were offering at top-money.
eg ropey looking, high mileage, LHD 911 Turbo for nearly £70k…??
Any old rubbish with a Ferrari badge getting on for £100k or more
These are the fingers which will be burned when the market realises the king is in fact, naked.
I don't think a £5-12k Golf is likely to be a big drop waiting to happen
I do agree that you only have to see what has happened to RS and Mexico Escort prices to see that a great Golf is radically undervalued (or at least underpriced…)

These bubbles happen everytime interest rates are low! 
Art, paintings, cars etc…

It not a new phenomenon and occasionally it can go the other way when the rates climb high again! 

Golf Cabrio said

These bubbles happen everytime interest rates are low! 
Art, paintings, cars etc…

It not a new phenomenon and occasionally it can go the other way when the rates climb high again! 

This looks nice but "all the money"….

1983 Volkswagen Golf MK1 GTI SOLD

You would think £10-12k?

I thought that one looked familiar, UK Sports Cars sold it previously. Looks like the new owner is selling it on using the dealer's photos!

http://www.uksportscars.com/view/vw-golf-mk1-gti/

I think the person who bought if off UKSC surfaced on here briefly, I remember seeing it on its way to being delivered!!



I'm not sure when this was, but guessing around 2010-2012

If you want a decent one and don't have the skills or time to make a decent one yourself you'd spend more than what he's asking to have one restored to that condition.

The key to pricing is how many people want a decent original one and how many out of those people actually have the funds to buy one?
Spending the best part of two days at the NEC on our stand this weekend, I'd say there are lots of people who want a nice one and lots of people with the money to buy one! We had a similar one on the stand and it sold with in half an hour of the show opening and there seemed to be a constant stream of people offering to buy it if the sale fell through.

Hairyarse said

I thought that one looked familiar, UK Sports Cars sold it previously. Looks like the new owner is selling it on using the dealer's photos!

http://www.uksportscars.com/view/vw-golf-mk1-gti/

I think the person who bought if off UKSC surfaced on here briefly, I remember seeing it on its way to being delivered!!



I'm not sure when this was, but guessing around 2010-2012

http://www.uksportscars.com/view/vw-golf-mk1-gti/

Here she is!  Does look very nice…..51,454 miles when sold previously - looks not to have been used since…

Think its just me not keeping up, for donkeys three and half grand £ would buy a minty GTI, suddenly its doubled and tripled…..

Would be nice for us owners if they went the same way as the E30 M3!

kevbrm said

Would be nice for us owners if they went the same way as the E30 M3!

MK1 Golfs are too common to reach that money. At least in the near future.

I don't know the exact number of MK1's that were sold but it ran into millions.

Look at the cabby, I believe there were around 350,000 built in its time.

How many E30 M3?
Just on sheer numbers ours will never reach those sort of prices.

Or will they!    

Over here in Austria where Mk1's are hard to find I'm seeing the prices of nice MK2's go through the roof at the moment.

Most likely because of, for one the MK1 situation and two you get more for your money if your young!

Hi all, I for one hope prices keep on the up.. my collection is building as it's better than the bank interest rates lol 

I just found a sportline on ebay for £12,000.. I was so shocked that I even started a thread about it, only to find this one is quite similar. I agree to a degree with the numbers sold of our beloved golfs being high being a factor which is keeping prices low, but the same could be said for the Raleigh chopper and they are worth as much as a car now.. This is because everyone wanted one and it was within most peoples reach. So most people either had one, wanted one or knew someone with one. Not many people will be re living their youth with an M3.. its is the Raleigh chopper's and mk1 golf's that people hold dear to their heart and although we all wanted an M3, its the nostalgia of actually going back to something you either had or always wanted which is the precious thing about modern classic ownership. For this reason, I disagree that because of numbers that our cars will never reach that high a value in terms of hard cash. Instead, I think it will just take a little longer to get there. Rarity is not always the key to value. Take the camper vans for example. The best ones command really high prices now and there are still plenty out there. So in the VW world it is a little different.

Another point worth mentioning is just how well our golfs are standing the test of time. ok so this makes them less rare, but surely also makes them more viable as an investment because it won't just rot away. Swings and roundabouts I guess..

The problem in valuing comes when an awesome car takes top money. All of a sudden anyone and everyone thinks that theirs is worth that much too. similarly in the camper van world, a few years ago the T25 Westfalia became a £10,000 camper van almost overnight (doubling in price), granted this was more of a result in rising T2 and splitty prices, but now nobody will drop their price to sell. The same vans can stay up for sale for years as a result (the odd one priced up to as much as £16,000). If this sportline on ebay hits £12,000 then we will all be rubbing our hands together but also all have cars we can't sell for this new assumed value. So if that sportline sells for that price, I think it will only increase our expectations rather than increase the value of our cars. The relationship between our expectation and sale prices will have an overall effect on market value I'm sure. Who knows what that will be..

But personally, I think we are 10 years away from the price of our cars rocketing in value and I say that because when people retire and get their lump sum from their pension or whatever financial arrangements they have made for their retirement, people will look to re live their youth and the Mk1 golf in whatever guise will be the one they all go for and there will be fewer good ones left. If you can wait that long, I think you will be laughing all the way to the bank.. Until then, I reckon a steady increase in price overall with the odd special car surprising us all..

Some people are asking £1500 for campaign shells, ur not likely to get a golf that doesn't need much work, £3500 is a lot to start from.

It's so different here in Australia.

I know of a couple of 2 door Swallowtails local to me that are complete, have very little rust but need lots of work for $1500 each.