A bit pricey??

A bit pricey??

Author
Discussion

MisterTee

Original Poster:

319 posts

108 months

Friday 4th November 2016
quotequote all
http://www.autotrader.co.uk/classified/advert/2016...

It looks like a very nice car. Is this just indicative of where prices might end up for good ones, perhaps?

Andy

glenrobbo

35,087 posts

149 months

Friday 4th November 2016
quotequote all
"Chassis & outriggers in great shape".
So it's not had a body-off restoration then?
I would be looking very carefully at those hard to see outrigger corners.

But yes, that is what these highly underrated cars should be fetching in the real world.
After all, they are becoming very "sort" after! smile



Seek and ye shall arrange in some kind of order?

Sorted! wink

greymrj

3,316 posts

203 months

Saturday 5th November 2016
quotequote all
It does look a bit high priced against the current market for these cars, but as Glen says the S is undervalued compared to other British sports cars. Older TVR's have much higher values and the 'experts' seem to agree that the S will follow them up, and the value of the S has certainly gone up more rapidly over recent years. We now regularly hear of people trying to find one, and there is very clear evidence that cars do not stay on the market long, and that it is now economically worth spending money on them.
It will be very interesting to see what the following car makes at auction. On the limited information available it appears broadly similar but has the advantage of having had the body off chassis restoration.
http://www.angliacarauctions.co.uk/en/classic-auct...

PhilH42

690 posts

101 months

Saturday 5th November 2016
quotequote all
Does seem a little steep...whether it sells at that price remains to be seen.

I would like to see a good S (not V8) selling consistently around 8k-9k though, I think people who have not tried one underestimate how much fun they are...very immersive drive I think.

I've said before what doesn't help is when people keep coming along selling stupidly low (and that's not just the S) ...it just drives the prices down.

mycroft

1,545 posts

246 months

Saturday 5th November 2016
quotequote all
greymrj said:
It will be very interesting to see what the following car makes at auction. On the limited information available it appears broadly similar but has the advantage of having had the body off chassis restoration.
http://www.angliacarauctions.co.uk/en/classic-auct...
My old car , still on my profile pics .
Dale

DJR 7

1,413 posts

256 months

Saturday 5th November 2016
quotequote all
As someone that is investing in a full restoration of a V8s id be interested to know your thoughts on value once the car is completed.
With all the years of combined knowledge on this forum i'm sure you are the guys to ask.

I'm not looking to sell and i've not undertaken this project expecting anything other than a deficit. I have always admired the V8's and wanted to own a good one for my own enjoyment.

To paint the picture the car is undergoing a full chassis/suspension refurb, body will be painted in a light colour and the interior will be retrimed to include dash/roof etc. The engine was rebuild 30k ago but will be stripped and checked, at very least i'll be fitting a new cam. The gearbox was fully rebuild not so long ago. I will be keeping it as close to original as possible ....thoughts on value?

greymrj

3,316 posts

203 months

Saturday 5th November 2016
quotequote all
V8S is rarer and very sought after. I can find two on sale at the moment at £15.5k and £17k. But a recent auction lot went at approx £13k incl commission.

The V8S hasnt featured in any of the valuation guides I have seen unfortunately and I cannot immediately see one having gone through any of the major auction houses in the last 2 years.

I would say the 'agreed value' insurance figure for your car when fully restored has got to be £17-20k and going up £500 p.a..

anonymous-user

53 months

Saturday 5th November 2016
quotequote all
V8s fully and correctly rebuilt (as in nut and bolt)

£25k. About 1/2 the cost of purchase and rebuild..

AMDBSTony

1,074 posts

166 months

Saturday 5th November 2016
quotequote all
A properly sorted and restored V8S more like £30k minimum.

Wasnt Simons TVR 23 valued at £30k by the magazine it featured in last year?

Mine has an independent valuation of £30k for insurance purposes.

Can only speak for myself but you certainly wouldn't get one in the condition mine is in for less than 30k excluding the price of the car.

anonymous-user

53 months

Saturday 5th November 2016
quotequote all
Insurance valuations do not relate to worth sadly.

I would like to see resorted or mint original cars sell for 30+k but part of what works against that kind of valuation is, what other TVR can you get for that money?

I'm sure my response will be met with reasons why they are worth more, if they come on the market and sell for 30+k then I'll agree that's what they're worth.

Reality check - What's the most expensive unmodified V8S sold in the U.K. to date?

Edited by anonymous-user on Saturday 5th November 14:56

AMDBSTony

1,074 posts

166 months

Saturday 5th November 2016
quotequote all
TVRMs said:
Insurance valuations do not relate to worth sadly.

I would like to see them sell for 30k but part of what works against that kind of valuation is, what other TVR can you get for that money.

I'm sure my response will be met with reasons why they are worth more, if they come on the market and sell for 30k then I'll agree.

Reality check - What's the most expensive unmodified V8S sold in the U.K. to date?
These things are restored for the love of it - not really for a return on investment.

Am sure that in reality we wouldnt know what one of these would sell for, i certainly wouldnt advertise what i got for mine if i sold it.

Somtimes its not about the alternative that can be bought for the same money, its whats available for sale.

Surely insurance valuations are directly linked to worth as thats what will be paid out in the eventuality of a claim?

anonymous-user

53 months

Saturday 5th November 2016
quotequote all
AMDBSTony said:
TVRMs said:
Insurance valuations do not relate to worth sadly.

I would like to see them sell for 30k but part of what works against that kind of valuation is, what other TVR can you get for that money.

I'm sure my response will be met with reasons why they are worth more, if they come on the market and sell for 30k then I'll agree.

Reality check - What's the most expensive unmodified V8S sold in the U.K. to date?
These things are restored for the love of it - not really for a return on investment.

Am sure that in reality we wouldnt know what one of these would sell for, i certainly wouldnt advertise what i got for mine if i sold it.

Somtimes its not about the alternative that can be bought for the same money, its whats available for sale.

Surely insurance valuations are directly linked to worth as thats what will be paid out in the eventuality of a claim?
Tony,
Think we both agree that the best reason to restore any car is the desire to see it back to as new for personal use. Rebuild properly with sale soon after completion and its a financial disaster...

Insurance valuation is around agreeing what someone will pay in a total loss. Nothing more than that.

I have a fleet of cars all agreed value, very few related to market value. smile

AMDBSTony

1,074 posts

166 months

Saturday 5th November 2016
quotequote all
TVRMs said:
AMDBSTony said:
TVRMs said:
Insurance valuations do not relate to worth sadly.

I would like to see them sell for 30k but part of what works against that kind of valuation is, what other TVR can you get for that money.

I'm sure my response will be met with reasons why they are worth more, if they come on the market and sell for 30k then I'll agree.

Reality check - What's the most expensive unmodified V8S sold in the U.K. to date?
These things are restored for the love of it - not really for a return on investment.

Am sure that in reality we wouldnt know what one of these would sell for, i certainly wouldnt advertise what i got for mine if i sold it.

Somtimes its not about the alternative that can be bought for the same money, its whats available for sale.

Surely insurance valuations are directly linked to worth as thats what will be paid out in the eventuality of a claim?
Tony,
Think we both agree that the best reason to restore any car is the desire to see it back to as new for personal use. Rebuild properly with sale soon after completion and its a financial disaster...

Insurance valuation is around agreeing what someone will pay in a total loss. Nothing more than that.

I have a fleet of cars all agreed value, very few related to market value. smile
beer

greymrj

3,316 posts

203 months

Saturday 5th November 2016
quotequote all
It would be nice if they did have that kind of value, it would drag the V6 up as well.
However until a V8 sells for anything like £30k at auction I would have serious doubts. I have just accessed the european vehicle auction records for 2 years. 2 sales, both under 15k inclusive. One described as 'immac restord'.
There are an awful lot of nice classic cars you can buy for under £30k!

DJR 7

1,413 posts

256 months

Sunday 6th November 2016
quotequote all
I must say, as much as I'd like to think that once finished a 30k valuation would be achievable I agree that the current trend seems to be sub 20k.
I guess that anything is worth what someone is willing to pay, if you'd have told me 5 years ago that a Sagaris would sell for 70k plus I'd have laughed, how wrong I would have been.

PhilH42

690 posts

101 months

Monday 7th November 2016
quotequote all
DJR 7 said:
I must say, as much as I'd like to think that once finished a 30k valuation would be achievable I agree that the current trend seems to be sub 20k.
I guess that anything is worth what someone is willing to pay, if you'd have told me 5 years ago that a Sagaris would sell for 70k plus I'd have laughed, how wrong I would have been.
Out of interest what were the Sags fetching back then?

greymrj

3,316 posts

203 months

Monday 7th November 2016
quotequote all
Just for the hell of it I just looked at Grantura prices. I bought my Mk1 in 1965 and sold it in about 1970, for under £200! Now there is auction and ad sales evidence of a value more like £30-35k! I feel vomit!
Mind you it has taken almost 50 years to get there so not sure keeping it for 50 years would have been such a good idea.

DJR 7

1,413 posts

256 months

Monday 7th November 2016
quotequote all
PhilH42 said:
DJR 7 said:
I must say, as much as I'd like to think that once finished a 30k valuation would be achievable I agree that the current trend seems to be sub 20k.
I guess that anything is worth what someone is willing to pay, if you'd have told me 5 years ago that a Sagaris would sell for 70k plus I'd have laughed, how wrong I would have been.
Out of interest what were the Sags fetching back then?
When I bought my Cerbera in 2011 I was offered a Sag for very little over 35k.
Discussing this with a friend at the time he had picked up a very nice sag for 25k in late 2010

Edited by DJR 7 on Monday 7th November 19:34

TVRees

1,080 posts

111 months

Tuesday 8th November 2016
quotequote all
A recent article on V8S prices ......




Blue 30

519 posts

116 months

Tuesday 8th November 2016
quotequote all
Hi..
Maybe I'm still naive in all things Tvr based, plus I'm still in hiding continuing my S3 resto. But isn't car pricing something the club should take some responsibility for, in so much as having its radar switched on, by logging evidence based up to date sale prices. Plus creating some kind of basic agreeable league table of condition levels, and price guides for such. This would also include getting the respected classic mags to keep their price guides in alignment.
All of this would give owners (both current & potential) who wish to value, sell, buy, or maybe having an insurance dispute, something to refer to & even produce in evidence, if required.
And dare I even suggest, it could remove the rose coloured spectacles some might have about their cars !
TerryB