Harbingers of doom rejoice, classic car prices chat thread
Discussion
iSore said:
But here's the thing: If I were seriously minted, I wouldn't be paying £25k for a 'solid'; Cooper S, but £40k+ for a really perfect one. Same with Escorts - I'd pay 50 or 60 grand for a proper RS1600. They would join a host of other stuff - a 512BB, a Bora, the best sixties Mercedes SE Coupe money could buy, as Gullwing.
You seem to be assuming that everyone is either a pauper or a multi-multi-millionaire. Most people buying at auctions of mid-range classic cars in Kings Lynn are neither.Someone who pays £25K for a Cooper S is likely to be someone who's wanted one his whole life, wants (wisely) to buy the very best he can afford, and what he can afford is £25K.
Vintage Racer said:
...As long as you can justify the price to yourself, - If the car you want is within your reach, just buy it, enjoy it and maintain it. The alternative is to look back in a few years and say "I wish I had bought that one"
Very wise words and the philosophy I use. I'm fortunate to have a very understanding wife too. 
As LD says, increasing values simply mean one pays more for one's insurance each year. That said it does make it more justifiable when faced with a hefty engine rebuild bill.
Hugh Jarse said:
http://www.angliacarauctions.co.uk/en/classic-auct...
The results are in.
Some baffling prices, especially the capri, but whatever tickles your fancy.
The Mondial I was most curious about seems a reasonable bargain at £26k.
The Mini for £950 was a bargain.
E21 baur for £2k
Z3 £1.3k - though the styling of those cars almost makes me angry its so bad.
Someone needs to explain how one XR3 was £1k and the other £14k
The two I would have been interested in both sold for just below the lower estimate - it might have been an expensive day if I'd been able to go!The results are in.
Some baffling prices, especially the capri, but whatever tickles your fancy.
The Mondial I was most curious about seems a reasonable bargain at £26k.
The Mini for £950 was a bargain.
E21 baur for £2k
Z3 £1.3k - though the styling of those cars almost makes me angry its so bad.
Someone needs to explain how one XR3 was £1k and the other £14k
Edited by Hugh Jarse on Friday 29th January 16:07
lowdrag said:
Quite a lot not sold too I noticed.
I noticed that too - interesting as it means the estimates and owner expectations were above those of the buyers, the implication being that the market is softening. But it is only one auction so difficult to tell. The two I liked (Marina camper and Lancia Fulvia) did both sell, but slightly below estimates, so I won't get a second chance at the next auction.I have to say that I really do not see the attraction of those Mk111 Escorts at all. I owned two back in the eighties and was very happy to get rid of both of them.
OK so the RS Turbos were made in Colgne ? it's still an Escort, no oil drain on the gearbox, the rust, the rust and more rust and lack of spares support?
OK so the RS Turbos were made in Colgne ? it's still an Escort, no oil drain on the gearbox, the rust, the rust and more rust and lack of spares support?
andyps said:
lowdrag said:
Quite a lot not sold too I noticed.
I noticed that too - interesting as it means the estimates and owner expectations were above those of the buyers, the implication being that the market is softening. But it is only one auction so difficult to tell. The two I liked (Marina camper and Lancia Fulvia) did both sell, but slightly below estimates, so I won't get a second chance at the next auction.Rather like the disappearance of the middle class, I wonder if the market isn't softening but polarising. The haves and the have-nots. The frogeye didn't sell perhaps because it was a people's car at a middle-class price, but I have no idea as to the condition. All the Beemers sold except two, but and interesting Daihatsu Max didn't, but the price was high for a car that has no spares backup. Fiats in the main drowned in their own rust yet Crapis sells for £37,000 and £20,000, Cortinas bomb, Jaguars with sensible estimates sell and the others don't, so it seems that as has been said expectations seem to be high, but bidders aren't prepared to pay the price. And so it should be in my book. Bring some sense back to the market place.
Lowtimer said:
You seem to be assuming that everyone is either a pauper or a multi-multi-millionaire. Most people buying at auctions of mid-range classic cars in Kings Lynn are neither.
Someone who pays £25K for a Cooper S is likely to be someone who's wanted one his whole life, wants (wisely) to buy the very best he can afford, and what he can afford is £25K.
Which of the two is paying top end money and driving the market?Someone who pays £25K for a Cooper S is likely to be someone who's wanted one his whole life, wants (wisely) to buy the very best he can afford, and what he can afford is £25K.
The average 25 grand car has been dragged up because someone very minted can afford to pay 50 grand for the very best.
That's why a shagged Escort Mexico is worth 10 grand. A perfect example at 30k is beyond the reach of the average joe.
Mr Teddy Bear said:
I have to say that I really do not see the attraction of those Mk111 Escorts at all. I owned two back in the eighties and was very happy to get rid of both of them.
OK so the RS Turbos were made in Colgne ? it's still an Escort, no oil drain on the gearbox, the rust, the rust and more rust and lack of spares support?
Indeed. I've seen one in bits being rebuilt and they really are rubbish. I had an RS1600i in the late eighties, and you knew it wasn't cut from the same cloth as a Golf.OK so the RS Turbos were made in Colgne ? it's still an Escort, no oil drain on the gearbox, the rust, the rust and more rust and lack of spares support?
auction March 2nd
http://brightwells.com/ClassicCarsMotorcyclesAutom...
those pagodas seem expensive to my eyes, but some lovely stuff in the auction.
http://brightwells.com/ClassicCarsMotorcyclesAutom...
those pagodas seem expensive to my eyes, but some lovely stuff in the auction.
At the other end of the market, at RM Sotheby's in Arizona last week, a staggering number of the lots failed to get anywhere near even their lower estimates. It was only the fact that at least half of the lots were without reserve that the sales percentage looks as high as it does, along with a few deals being done afterwards on cars that failed on the block. Several of their big ticket cars failed to sell. Watching the live feed on youtube for a while, the bidding was painfully slow.
thanks......link to sotherbys
http://www.rmsothebys.com/az16/arizona/results/
2cv for £35k!!
£140k for an Austin Healey
£15k for a smart http://www.rmsothebys.com/az16/arizona/lots/2002-s...
surprisingly high proces IMO
http://www.rmsothebys.com/az16/arizona/results/
2cv for £35k!!
£140k for an Austin Healey
£15k for a smart http://www.rmsothebys.com/az16/arizona/lots/2002-s...
surprisingly high proces IMO
bencollins said:
re undervalued (u/v)
70s and 80s everyman classics like a Calibre for £2k
S1 Landies £6k, MGC, TR7 £2k
I'm not sure this one's undervalued:70s and 80s everyman classics like a Calibre for £2k
S1 Landies £6k, MGC, TR7 £2k
http://www.ebay.co.uk/itm/Series-One-Diesel-86-CHA...
Looking at the text, it seems he really does want £200k for it
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