V8S Coming up at Auction

V8S Coming up at Auction

Author
Discussion

glenrobbo

35,065 posts

149 months

Sunday 24th January 2016
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Well, I have reason to believe that this one was sold:

mikeock64 said:
I am the proud owner of the red S3c that sold yesterday. It's condition is as good as the photos portray and I was happy to drive it the 90 miles home. Of which I couldn't say the same for the V8s, good luck to the new owner of that, who will, I'm sure be rooted out like a shy lottery winner??
I have to say, it's the quickest purchase of a car I've ever made. All the paperwork seems in order and with the help of my extendable inspection mirror (with led lights), I was able to check the condition of most of the car.
I can't sleep, I just want to get up and clean off the dirty spray from driving her home. What a day????

mgbv8mike

21 posts

212 months

Sunday 24th January 2016
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Glenrobbo.

Congratulations...that looked like a nice car.

did you get a chance to hear them run before the auction....I've never been to one , and it was too far away for me ( live in Bispham around the corner from the factory )

glenrobbo

35,065 posts

149 months

Sunday 24th January 2016
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Someone has got the wrong end of the stick!
I was quoting Mikecock64:

glenrobbo said:
Well, I have reason to believe that this one was sold:

mikeock64 said:
I am the proud owner of the red S3c that sold yesterday. It's condition is as good as the photos portray and I was happy to drive it the 90 miles home. Of which I couldn't say the same for the V8s, good luck to the new owner of that, who will, I'm sure be rooted out like a shy lottery winner??
I have to say, it's the quickest purchase of a car I've ever made. All the paperwork seems in order and with the help of my extendable inspection mirror (with led lights), I was able to check the condition of most of the car.
I can't sleep, I just want to get up and clean off the dirty spray from driving her home. What a day????

Top Gear TVR

2,244 posts

153 months

Sunday 24th January 2016
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Top Gear TVR said:
Back to the original post - what did the V8S make?
Err, what I said

Top Gear TVR

2,244 posts

153 months

Sunday 24th January 2016
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A little birdie tells me the V8S made Around £11k - surprising as it needed repainting, the finish was awful

glenrobbo

35,065 posts

149 months

Sunday 24th January 2016
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Top Gear TVR said:
A little birdie tells me the V8S made Around £11k - surprising as it needed repainting, the finish was awful
Was it a canary or a stool pigeon Steve?

I believe the S3c went for around £9,800

No mention of the S1???

Nice to know our fine British sportscars are starting to be valued a bit more, as well as being recognised as great value for money.

s5tvr

1,239 posts

232 months

Sunday 24th January 2016
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The V8s made something like £14.5k plus auction fees of 5% + VAT, so comfortably over £15k for a scruffy car with no service history - a fool and their money eh !



AMDBSTony

1,074 posts

166 months

Sunday 24th January 2016
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s5tvr said:
The V8s made something like £14.5k plus auction fees of 5% + VAT, so comfortably over £15k for a scruffy car with no service history - a fool and their money eh !
Could be a very shrewd buy.......ever thought of that?

These rarely come up for sale so when such a rare model does present itself, cannot see why the buyer would be described as a fool?

There are not many better investments than cars at present, especially undervalued models like the S series and especially the V8 variant. Remember the Sag or Griff, not long ago they were quite affordable and now..........

Cant understand why the brand is always talked down, seems silly to me.

glenrobbo

35,065 posts

149 months

Sunday 24th January 2016
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Well said! clap

mgbv8mike

21 posts

212 months

Sunday 24th January 2016
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That does seem surprising...last one went at auction for £11100, a couple last year at dealers for under £15k...must have been several serious bidders.

Nick Brough

380 posts

220 months

Sunday 24th January 2016
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AMDBSTony said:
Could be a very shrewd buy.......ever thought of that?

These rarely come up for sale so when such a rare model does present itself, cannot see why the buyer would be described as a fool?

There are not many better investments than cars at present, especially undervalued models like the S series and especially the V8 variant. Remember the Sag or Griff, not long ago they were quite affordable and now..........

Cant understand why the brand is always talked down, seems silly to me.
Have to agree slightly different league but the principle remains the same. Nick Mason's £23 million pound Ferrari "People thought I was an idiot when I used money made from The Dark Side of the Moon to buy it for £37,000 in 1977. I don’t want to be smug but I think I was proved right in the long run,” says Mason.


Regards

Nick

v8s4me

Original Poster:

7,234 posts

218 months

Sunday 24th January 2016
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s5tvr said:
The V8s made something like £14.5k plus auction fees of 5% + VAT, so comfortably over £15k for a scruffy car with no service history - a fool and their money eh!
AMDBSTony said:
..Could be a very shrewd buy.......ever thought of that? These rarely come up for sale so when such a rare model does present itself, cannot see why the buyer would be described as a fool?...
So to rebuild that to A1 condition allow a minimum of £10,000. A top quality respray will be around £4k plus a body off chassis refurb at say £5750, plus all the other jobs which will inevitably need doing and you're adding a serious amount to the initial outlay.
A good investment?

How long are you prepared to wait?

Nick Brough said:
... Nick Mason's £23 million pound Ferrari "People thought I was an idiot when I used money made from The Dark Side of the Moon to buy it for £37,000 in 1977.
As above. So 40 years then?

Also, a TVR is not a Ferrari and never will be.

I'm not "talking the brand down", just being realistic.

s5tvr

1,239 posts

232 months

Sunday 24th January 2016
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I wasn't talking down the TVR marque at all as I'm a convert and actually I had a mate there at the auction to bid on the car purely as an investment. I can see them making £20k in 2-3 yrs for a mint car with a solid service and repair history but his one didn't have any documentation and was untidy - I'm not sure that it had all its MOT certificates either - I suspect it was bought by an enthusiast as a keeper in which case I guess for some the price paid is less important

mikeock64

105 posts

155 months

Sunday 24th January 2016
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Honestly, as I said in a previous post, it had no history and was as tatty as hell. If you bought it and sat on it it would eventually realise its potential. But I want to enjoy mine and I did when I drove it the 90 miles home. I bet the V8s owner didn't drive his home. A real treat for me as I've been a Tvr fan for over 30 years. I've seen prices peak and trough. I wanted this car. It's now been cleaned, top, bottom, inside and out and sitting in my garage. Much to the disgust of my Brz. Who has been ousted. Bring on the dry days and roads. 👍

mikeock64

105 posts

155 months

Sunday 24th January 2016
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s5tvr said:
I wasn't talking down the TVR marque at all as I'm a convert and actually I had a mate there at the auction to bid on the car purely as an investment. I can see them making £20k in 2-3 yrs for a mint car with a solid service and repair history but his one didn't have any documentation and was untidy - I'm not sure that it had all its MOT certificates either - I suspect it was bought by an enthusiast as a keeper in which case I guess for some the price paid is less important
There were 4 pieces of paper in the folder. Log book, 1 mot, an alloy wheel refurb receipt, and a respray receipt dated October 2015. Really. What have they been cleaning it with? A Brillo pad. Not only do you have to rebuild the car. You'd have to rebuild the documentation. Should the log book say V8s. Cos it didn't.

v8s4me

Original Poster:

7,234 posts

218 months

Sunday 24th January 2016
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mikeock64 said:
.... Should the log book say V8s. Cos it didn't.
Very few do. Mine doesn't. One of those "TVR Things".

Nick Brough

380 posts

220 months

Sunday 24th January 2016
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v8s4me said:
As above. So 40 years then?

Also, a TVR is not a Ferrari and never will be.

I'm not "talking the brand down", just being realistic.
In 1980 I bought my first "real" car after an 850 mini and a 1500 Hilman avenger. a 1978 MK2 RS2000 it was no Ferrari and never will be. Who would of predicted they would now cost more than some Ferrari's wish I still had it now wink


Regards

Nick

Edited by Nick Brough on Sunday 24th January 21:17

mikeock64

105 posts

155 months

Sunday 24th January 2016
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v8s4me said:
Very few do. Mine doesn't. One of those "TVR Things".
Yesterdays result bodes very well for the resale value of yours joe. Does anybody know if the V8 actually made it into the Auction hall under it's own steam?

Top Gear TVR

2,244 posts

153 months

Monday 25th January 2016
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I support the rise in prices. These cars are seriously good value.

So much fun in a good S for 5k, or V8 for 10k was never going to last forever.

We are the lucky ones.

v8s4me

Original Poster:

7,234 posts

218 months

Monday 25th January 2016
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mikeock64 said:
...Yesterdays result bodes very well for the resale value of yours joe. ..
Maybe, but it will be a very long time before I might get back what I've put into it financially. I think we should regard our cars as a hobby and drive them (says he, who doesn't drive in the rain!). That way you can get more fun out of them (IMHO).

You wouldn't buy a set of golf clubs, or a fishing rod, and expect to sell them for more than you paid for them.

Yes they do still represent bargain motoring, but what's wrong with that? It gives ordinary blokes a loads of fun without breaking the bank.