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post #1 of 6 (permalink) Old 12-27-2015, 06:22 PM Thread Starter
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Read it, then Weep

From Star magazine, classified ad. Mar./April 1979 issue
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post #2 of 6 (permalink) Old 12-27-2015, 06:54 PM
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From Star magazine, classified ad. Mar./April 1979 issue
Back then the Gullwing was just a used car! About 10 years before that, I was looking to buy a replacement for my Corvair. This was in Montreal. One was an MGBGT (they didn't do well in the Canadian winter), a 2 yr old Mustang and a Gullwing. I was a single engineer, but the Gullwing asking price of $5000 was just a bit of a stretch (maybe 1/2 my annual salary!), so I bought the Mustang. Probably a wise move considering my circumstances. In 1979, that $20k would be less than 1/2 my salary, so quite a steal

Thinking back, Gullwing prices soon surpassed my salary! By the time I retired, they were something like 5X-10X a senior engineers annual salary!

1972 350SL 4.5L - MBGraham, near Kingston, Ontario

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post #3 of 6 (permalink) Old 12-27-2015, 07:03 PM Thread Starter
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In the same issue, there are a bunch of models that would have been "home runs" (230SL for $9K for example), but there are plenty that haven't done so well (1975 450SLC for $21,500 or a 1978 280CE for $17,900 for example).

When I run into Mercedes old timers, I like to ask them if they have any regrets, cars they could have bought "back in the day". Most of the time, they say something like "THEY WERE NEVER CHEAP!".
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post #4 of 6 (permalink) Old 12-28-2015, 01:51 AM
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Originally Posted by LostInTime View Post
From Star magazine, classified ad. Mar./April 1979 issue
The same sort of thing happened in California (and other) real estate. In general, a car is not a good investment. There are exceptions.

Currently: 1967 250 SL, 1963 220Sb, 1965 300SE Lang, 1971 280SE parts car, 1972 Alfa GTV, 1965 Alfa Duetto, 1993 BMW R100R
Past: 1971 250 C, 1985 300 TD, 1967 250 S, 1968 280 S,1981 300 D, 1982 280CE, 3 Facel Vegas, Borgward Isabella Coupe, Alfa 2600 Sprint, Volvo P1900 (yes), numerous less interesting Volvos, ...
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post #5 of 6 (permalink) Old 12-28-2015, 05:06 AM
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Yeah, that's about $65k in today's money, with inflation taken into account. Incredible
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post #6 of 6 (permalink) Old 12-30-2015, 05:35 PM
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But like with anything you have to find a buyer, that can be hard. My collection here in Australia, 72 BMW 2002, 83 500,sec,1955 Ponton. All running and on club plates. Total spend on cars ,$9000aud. Total spend on resto so far $12700aud on all three but looking ahead to $20k to finish all three. I do my own paint and panel plus some mechanicals. Investment, probably not, but a lot of fun.

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Goldi 83/500sec in resto on historic club plates, pretty much finished. Loving the power.
Polly,1955 220a Ponton,so old and cool, light resto.
Snowy 72/BMW 2002 Soon to be painted then sold.
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