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1988 Mercedes-Benz R107 560SL: Well Bought/Well Sold

The auction hammer fell at $134,000 for this 1988 Mercedes-Benz 560 SL type 107

We are seeing more and more positive auction results for delivery-mile Youngtimer cars. This original “in the wrapper” 1988 Mercedes-Benz 560SL is a perfect example of this emerging trend. Turtle Garage recently sold our 1,600-mile 1988 U.S. spec E24 M6 and we were astounded at the results. Recent auction math indicates that ultra-low mile original Youngtimer cars can command at least a 3X premium over an investment-grade example with miles on the clock.

This BAT car shows just under 800 miles and was recently purchased by the seller, reportedly from the daughter of its original owner. The car is said to have been parked in a warehouse shortly after initial purchase, and work following its acquisition by the seller included replacement of the tires, battery, fuel pumps, and filters as well as an oil change, transmission service, and more. The car is finished in Anthracite Grey Metallic over Palomino leather, and power is from a 5.5-liter V8 paired with a four-speed automatic transmission. Equipment includes a color-matched removable hardtop as well as a Becker Grand Prix stereo, a power antenna, and automatic climate control. This R107 is offered with a data plate, its original purchase contract, previous registration, insurance cards, factory literature, recent service records, a clean Carfax report, and a clean Ohio title in the seller’s name.

Well sold and well bought. From a financial perspective, this outcome was a disaster for the original owner back in 1988. With a list price of over $75,000 back then, the opportunity cost of this car is staggering to consider—especially if one was smart enough to buy Microsoft back in 1988. Also, something to consider—this car was left sitting in a warehouse for decades. The photos show the car as it was found in a tomb. We don’t know if it was in dry storage or properly maintained during its hibernation. Cars rot if not used and maintained. This example appears to have been properly reconditioned and brought back to a serviceable “as new” condition. This outcome, while high, is basically market correct.

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