I guess it's the same in every collecting "sphere", whether it's comic books, baseball cards, coins, or cars, almost no one is capable of being objective regarding their own stuff. The advantage with most of those hobbies is that there are 3rd party services that can grade an item so that when it comes time to determine its value it's a fairly painless process. With comics there's a scale between 0.5 - 10, the grader starts with a perfect 10 and then detracts for defects according to a grading standard, and the graders belong to a certification union, of sorts, that stands behind their grading based on that grader's experience. It has its drawbacks, but overall it's a very positive thing within the comic collecting community.
With collector cars, not so much. Actually, there's nothing like that at all. Sure, there's the Haggerty 1-4 scale (which is too limited) and the NAAA ratings (which aren't any better), but there's really no official standard detailing how cars reach a grade. There are concours grading systems, rating on 1000, 200, or 100 point scales, but outside of the concours event itself it's essentially meaningless because they all have different grading methods. With comics it's easy, they're locked in airtight holders and only need to be reevaluated if the seal is broken. The issue with cars is that they're driven, most of the time, and they accumulate wear and tear through normal use, so a rating system would have to be very sensitive to the date and mileage at the time the score is determined. A theoretical "perfect 100 point car" wouldn't stay that way for long, in fact, taking it out for an afternoon drive will likely take off 1-2 points, right off the bat.
- Any value scale would need to be weighted towards the middle with the vast majority of cars, so as not to strongly penalize those who actually like to drive their cars.
- Very specific details of any defects found would have noted by the person grading the car.
- The car would need to be re-graded each time the vehicle potentially changes owners, so that the buyer knows exactly what he's getting.
No, it wouldn't be cheap, but then the vast majority of collectible cars aren't "cheap" either. It would be like a much more involved PPI (private party inspection), but it's necessary at this point, because right now all we have is complete chaos.
Which brings me to the A-M V8 Vantage I went and looked it. I randomly met a fellow at the car auction, he noticed my messenger bag was embossed with the Aston Martin logo on it and he asked where I'd gotten it (it was in the trunk of my Vanquish when I bought it). Then after talking a little while about Astons he mentioned that he had an `87 V8 Vantage coupe he was looking to sell or trade. Since that's a car that's on my shopping list, I asked him for specifics about the car; color, mileage, history, options, and most importantly, condition. Well, he said it's deep indigo with a camel interior (great combo), has 45k miles (eh), he's the second owner, it's European spec (but LHD), is a 5-speed (awesome), and he claimed it was in "Excellent condition, easily a 2+" (based on the Haggerty scale). Okay.
Given all that he said, I was interested and wanted to see it. So I did. 2+ condition? Not even close. It might be able to eke out a 3, after a comprehensive detailing, but as it sits it's a 4, with all its; chipped paint, pitted brightwork, numerous small dings, dirty engine bay, bald tires, bad shocks, loose shifter, torn driver's seat, musty carpets, and missing (!) trunk release handle. I just kept thinking, "you want $170k for this?" :blink: I tried to temper his expectations but he was adamant, "It just needs a little TLC, nothing a good wash can't cure, and the trim can be re-chromed". I'm not sure if he was ignorant or trying to play me (probably a little of both) but I informed him that it wasn't chrome, it was nickel plating. He replied, "same thing". Geez. At that I point I thanked him for showing me the car but we probably wouldn't be able to meet on a price, since we wouldn't come close to agreeing on its condition. I actually feel sorry for it, it's far too awesome of a car to be treated that way.
It did give me a bug for a Vantage V8, though, I'm earnestly shopping for one now, and it made me appreciate the honesty of the guy selling the Lamborghinis, he was very forthright about what they are and what they aren't. So I did contact him and I'm working out a deal for them, can't wait to get started restoring those.