I'm going to stick my neck above the parapet and prepare for a flaming...
While I have been negatively vocal about some of the W202 asking prices ever since a dealer started asking £13k, when the rest of the market was struggling to achieve £5-7k.
I feel we are starting to see some appreciation for the W202 AMG's. Amari Cars managed £20k for a C43 a couple of years ago, but we seem to have stalled a little, with cars being around for a while
Due to the small numbers manufactured, they will always be in the shadow of the M3's (and Audi RS's?).
While £22k may be a little ambitious, if I was in the market for the best of the best, nice specification and great MOT history that would be on my short list.
At the other end of the scale (currently), is this late C36 ( R514 LCD ), asking £9k with some desirable options; Sport rear seat, rear blind and folding mirrors. Looks reasonable.
Described as good condition with crappy pictures, would make a great useable AMG, that you could improve along the way. But to get it to the standard of the above one would take a chunk of money.
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I follow the W202 UK Facebook group, now and then a really nice W202 will be posted with "what's it worth?" and we do ourselves down with "£1500 tops" and "I paid £500 for my last one".
As the W201 and W124 models rise, the W202 is being seen as the entry to classic Mercedes ownership. Added in the generational step, of 90's kids, now grown up, bit of disposable income and want the car their parents/neighbours owned for a bit of nostalgia. I still feel that in many eyes, the W202 is struggling to get out of the no-mans land of Daily Driver to Modern Classic, we are getting there slowly.