E Type asking prices - smell a bubble
Discussion
Bubble will continue IMO until either interest rates increase and global economy stabilises (of which both scenario's are not forecasted anytime soon)
HAGI always increases in such times as the market responds to globally transferable assets
As always though, it's only top draw cars that attract this sort of money and in terms of cost - how much does a nut & bolt professional restoration cost on an E-Type - 50 - 60k?
HAGI always increases in such times as the market responds to globally transferable assets
As always though, it's only top draw cars that attract this sort of money and in terms of cost - how much does a nut & bolt professional restoration cost on an E-Type - 50 - 60k?
i agree but people are misguided if they are buying E Types/classic cars as a better ROI than cash/bonds equities....it not their potential upside I doubt but it is the downside risk - they are totally illiquid when you want out and invariably every well informed investor will want out at the same time.....and pop!
No different to the housing market.
The shrewd ones amongst us will note there are more Aston DB's / Etypes / Classic Fezzas and Porsche RS's on the market than ever before, it is not because they are so valuable it is because there are buyers. A subtle difference.
No different to the housing market.
The shrewd ones amongst us will note there are more Aston DB's / Etypes / Classic Fezzas and Porsche RS's on the market than ever before, it is not because they are so valuable it is because there are buyers. A subtle difference.
One or two cars advertised at ridiculous prices can hardly be used as examples to substantiate a trend.
Likewise badly described auction fodder.
The best/rarest cars will continue to fetch decent money.
Average examples are achieving average money.
Apart from the above your theory also relies on the premise that most classic cars are bought as investments to be liquidated at a later date.
They aren't.
Likewise badly described auction fodder.
The best/rarest cars will continue to fetch decent money.
Average examples are achieving average money.
Apart from the above your theory also relies on the premise that most classic cars are bought as investments to be liquidated at a later date.
They aren't.
Mr. Magoo said:
The shrewd ones amongst us will note there are more Aston DB's / Etypes / Classic Fezzas and Porsche RS's on the market than ever before, it is not because they are so valuable it is because there are buyers. A subtle difference.
'On the market' and actually selling to a buyer are two very different things.I've been looking for a certain spec of E-type since the start of 2011 (the anniversary year
) and the very same (over-priced?) cars that were 'on the market' at that time, are still 'on the market' today.DH01 said:
Really ? Is that assuming you start with a good one ?
I looked at buying an E type in 1991 and at that time people like the eagle guy and XK enginnering said a full back to bare metal, new carpets, wiring looms, rebuilt engine type rebuild cost about £45k so I'd say it would now be £60k +.Bill
WJM said:
I looked at buying an E type in 1991 and at that time people like the eagle guy and XK enginnering said a full back to bare metal, new carpets, wiring looms, rebuilt engine type rebuild cost about £45k so I'd say it would now be £60k +.
Bill
That being the case Bill, if the good "base" car costing say £40k and having a nut & bolt refurb at a cost of circa £60k - is the asking price of £100k unreasonable?Bill
Market forces ultimately dictate but i think some underestimate the cost of restoration and subsequently question why a car is £100k?
Professional, correct car restoration is a very expensive business
The prices quoted were based on a car in very poor condition but it did not make that much difference as they replaced everything anyway. I seem to remember Eagle had a couple of ex US left hand drive cars where the basic body was sound enough but everything else was shagged. I don't know what a knackered E type would fetch these days but I suspect to turn it into something Eagle or JD would sell would be £60k or more.
Bill
Bill
WJM said:
The prices quoted were based on a car in very poor condition but it did not make that much difference as they replaced everything anyway. I seem to remember Eagle had a couple of ex US left hand drive cars where the basic body was sound enough but everything else was shagged. I don't know what a knackered E type would fetch these days but I suspect to turn it into something Eagle or JD would sell would be £60k or more.
Bill
You are well off the mark. Bill
Eagle or JD would charge treble that amount for a nut and bolt restoration.
a8hex said:
Isn't that where the money goes?
The rest is the easy bit, the body work is the money pit surely.
In those days you could get a new monocoque for £3k or something similar. All the work on an E type {back suspension, gearbox, engine, interior etc} is expensive though I suppose the most difficult bit is keeping the car square. I'd had an old E in the 70s and had a bit of money so thought of another 1 but {remembering the agro I'd had with the old one} but only wanted one if it was going to be perfect. I asked Pearman and XK engineering at that time and they both quoted roughly £45k to do a full job on a car which if you added a donor car meant £55 or £60k as the minimum price. That was more than I could afford and also more than a really good unrestored car fetched at that time so in the end I bought a cheaper and more robust Corvette which I still have.The rest is the easy bit, the body work is the money pit surely.
I have no idea what similar numbers are now though £180k sounds a lot and maybe reflects how prosperous people like Eagle and JD have become in the meantime.
Bill
have to put in my 2p worth here The E-Type is one of the most iconic cars in the world and was a technical marval at launch and was assosiated with the rich and famous and stylish and it is simply one of the most beautiful cars ever made ( even Enzo thought so) just on this the car has worth and in todays world of million dollar cars i think its still something of a bargain
Considering its most comparable car in period and style is the Ferrari 250gto at £20 mill ,a £100k E-Type looks a snip and i think it is more beautiuful although the ferrari is a little faster.
But the e-type still was a near 150mph car at a time when 80 was considered a respectable top speed.
Apart from the above an e-type is welcome everywhere and looks fantastic outside a british country pub or outside The Ritz or a continental swish resturant and even looks somehow better than all the modern Ferraris and Lambos in Monaco. Its is blessed with a seemingly effortless style that few if any car can match
Apart from the above its a great drive and suitable for a fast early morning country blast or continental touring as its practical and useable and has fantastic parts backup at reasonable ( mostly) prices
As an all rounder it must be the best classic car on the road and the best car to have in your garage when u just want to stand next to it with a coffee or whiskey and admire some of the most beautiful metal work man, and no doubt the hand of God, ever made.
They are only good value as so many were made.
Considering its most comparable car in period and style is the Ferrari 250gto at £20 mill ,a £100k E-Type looks a snip and i think it is more beautiuful although the ferrari is a little faster.
But the e-type still was a near 150mph car at a time when 80 was considered a respectable top speed.
Apart from the above an e-type is welcome everywhere and looks fantastic outside a british country pub or outside The Ritz or a continental swish resturant and even looks somehow better than all the modern Ferraris and Lambos in Monaco. Its is blessed with a seemingly effortless style that few if any car can match
Apart from the above its a great drive and suitable for a fast early morning country blast or continental touring as its practical and useable and has fantastic parts backup at reasonable ( mostly) prices
As an all rounder it must be the best classic car on the road and the best car to have in your garage when u just want to stand next to it with a coffee or whiskey and admire some of the most beautiful metal work man, and no doubt the hand of God, ever made.
They are only good value as so many were made.
orangeLP400 said:
have to put in my 2p worth here The E-Type is one of the most iconic cars in the world and was a technical marval at launch and was assosiated with the rich and famous and stylish and it is simply one of the most beautiful cars ever made ( even Enzo thought so) just on this the car has worth and in todays world of million dollar cars i think its still something of a bargain
Considering its most comparable car in period and style is the Ferrari 250gto at £20 mill ,a £100k E-Type looks a snip and i think it is more beautiuful although the ferrari is a little faster.
But the e-type still was a near 150mph car at a time when 80 was considered a respectable top speed.
Apart from the above an e-type is welcome everywhere and looks fantastic outside a british country pub or outside The Ritz or a continental swish resturant and even looks somehow better than all the modern Ferraris and Lambos in Monaco. Its is blessed with a seemingly effortless style that few if any car can match
Apart from the above its a great drive and suitable for a fast early morning country blast or continental touring as its practical and useable and has fantastic parts backup at reasonable ( mostly) prices
As an all rounder it must be the best classic car on the road and the best car to have in your garage when u just want to stand next to it with a coffee or whiskey and admire some of the most beautiful metal work man, and no doubt the hand of God, ever made.
They are only good value as so many were made.
I started writing something similar to this but gave up as there is no point saying this to those who need to be told.Considering its most comparable car in period and style is the Ferrari 250gto at £20 mill ,a £100k E-Type looks a snip and i think it is more beautiuful although the ferrari is a little faster.
But the e-type still was a near 150mph car at a time when 80 was considered a respectable top speed.
Apart from the above an e-type is welcome everywhere and looks fantastic outside a british country pub or outside The Ritz or a continental swish resturant and even looks somehow better than all the modern Ferraris and Lambos in Monaco. Its is blessed with a seemingly effortless style that few if any car can match
Apart from the above its a great drive and suitable for a fast early morning country blast or continental touring as its practical and useable and has fantastic parts backup at reasonable ( mostly) prices
As an all rounder it must be the best classic car on the road and the best car to have in your garage when u just want to stand next to it with a coffee or whiskey and admire some of the most beautiful metal work man, and no doubt the hand of God, ever made.
They are only good value as so many were made.
Sadly, an E-type has Lways just been out of reach for me but there is hope yet.
chrissy1942 said:
High prices.......willing seller,willing buyer, same as everything in life, simple as that.
I can understand the desirable models or ones with racing pedigree/rarity but a seried 2 for 100K - I couldn't care if it had a misguided nut and bolt 100K+ restoration it is still not a 100K car. 40K maybe.You could have an Audi R8 and a bloody nice classic TR for that money and not be left looking at one of the least desirable E Types with all the handling/performance/maintenance foibles that come with it.
http://www.eaglegb.com/pages/jaguar-etypes-for-sal...
S2's starting at £95k - running through to £225k. Ok, an apples to oranges comparison but nonetheless
IMO, as time elapses E-Types will get continually more and more expensive
S2's starting at £95k - running through to £225k. Ok, an apples to oranges comparison but nonetheless
IMO, as time elapses E-Types will get continually more and more expensive
Edited by Candellara on Thursday 4th April 14:59
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