Tom,
I thought I might expand on your original questioning a bit.
I am struggling a little bit to understand the sorts of values put on Eurekas on this list and in the classifieds?
I should firstly say that above all else I do not wish to cause offense. I am aware that this topic could cause ruffle some feathers. I have found this list to be a great resource & everyone on it to be very friendly and helpful, so please don't take this the wrong way.
The above car does look to be a good one, however I can't understand how $25,000 is a reasonable value?
As you are aware, a reek is it's own shape: it's not a direct replica of any other car. So while you might be able to make an AC Cobra replica for around 50 G's and have it maintain or even increase it's value over the following years, a reek is in another category.
Unfortunately, a reek is closely related to a VW so public perception will always focus on this. VW freaks are a completely different type of freak compared to your average petrolhead, just as we reek freaks differ from everyone.
So intially the prices of resold reeks plummeted like any other car off the showroom floor. Throw in factors like their assembly by questionable backyard mechanics and the fact they appeal to the few rather than the many and the prices would stay low.
Fast forward 25 years or so and public perception has changed somewhat. No longer the knuckle dragging V8 mentality ruling the roost. The JDM import scene has proved a good shape with loads of fibreglass can be cool, and more importantly, accepted.
Throw a couple of high quality reeks out there and you'd get respect, rather than abuse. I watched it change first hand over a few years at the Summernats with my reek. Low and behold, the prices of reeks start going up. And look, in the big picture we're all happy to have our pride and joy increase in value. It does mean the days of cheap reeks and replacement panels are going (or gone) but we'd all rather have it this way.
Having said this, it's early days and reek prices are still low compared to some of the other cars you've listed. Two things: (a) you get what you pay for: if the guy has reciepts for 20 G's of work he's going to want most of his money back on a sale, and (b) just like any car in the upper price range, it's going to need to be one of the better examples to be asking that money. For a reek, anything over about 18 gorillas is gotta be good.
I hope this has helped out a bit!
Simon
