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    Adam Towler
    Adam Towler joined the group Citroen CX owners and fan Club
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    DAVE KINNEY’S CAR OF THE MONTH

    1971-Mercedes-Benz-280-SL Gooding & Co, Amelia Island, USA 9 March / #1971-Mercedes-Benz-280SL-W113 / #1971 / #Mercedes-Benz-280SL / #Mercedes-Benz-280SL-W113 / #Mercedes-Benz-W113 / #Mercedes-Benz-SL / #Mercedes-Benz /

    It’s dark red with Cognac MB-Tex vinyl, a hardtop and a new soft top. It has the desirable four-speed manual ’box and Becker Mexico radio. The body was restored ten years ago, the interior was refreshed more recently. It looks to be a solid example and a good driver. So, what is it worth? We’ve seen this phenomenon before, the sudden price spike followed by a settling-down in value, and it’s been happening a lot with the W113 ‘ #Mercedes-Benz-Pagoda ’ SLs built from 1963 to 1971. The spike usually happens at a high-profile auction, where lots of potential bidders see it and it takes hold, for a while. Great examples of the SL reliably sold in the $50,000-60,000 range for years, then suddenly they were making over $100,000. One year later, they were back at $60,000-80,000, less for 230s and 250s, more for 280s. What has happened?

    Simple economics. It’s a supply-and-demand issue. Higher prices not only bring more attention to the make and model, they also bring more cars to market. The car that was not for sale when it was worth ‘only’ $50,000 might just be for sale when the seller is reasonably expecting twice that price. More examples will also get restored as it becomes more financially viable. Supply goes up but demand remains the same – or edges up, at best.

    Right now we are in that second part of the sales cycle. A large number of W113s are on the market so values are a bit down, especially for examples less than pristine. It’s time to take advantage of the market and buy on the dip. As for our Cognac SL, it sold for a good-value $66,000. Point proved.

    Dave Kinney is an auction analyst, an expert on the US market scene and publishes the Hagerty Price Guide / BRIAN HENNIKER
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    Adam Towler
    Adam Towler joined the group Mercedes-Benz W113 SL Pagoda Club
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    Adam Towler
    Adam Towler joined the group Porsche 928 Club
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