Bonhams Beaulieu
Discussion
We all know that prices have taken off over the last few years, but what do you think of this car "in need of sympathetic restoration"?
To see other photos - and I am assured by a friend who was there that the car was actually worse than it looks - go here:-
http://www.bonhams.com/auctions/21902/lot/306/
But make sure you are sitting down first before you look at the hammer price.
To see other photos - and I am assured by a friend who was there that the car was actually worse than it looks - go here:-
http://www.bonhams.com/auctions/21902/lot/306/
But make sure you are sitting down first before you look at the hammer price.
bonhams said:
There are no documents with this Lot, which is sold strictly as viewed.
I can only assume that a 'Flat Floor' Roadster must be something very special but you have to wonder if the buyer took a step back to evaluate his own actions at any point of the bidding process.A quick google brought up this...
https://www.silverstoneauctions.com/1961-jaguar-e-...
... am i missing something?
EricE said:
I can only assume that a 'Flat Floor' Roadster must be something very special but you have to wonder if the buyer took a step back to evaluate his own actions at any point of the bidding process.
A quick google brought up this...
https://www.silverstoneauctions.com/1961-jaguar-e-...
... am i missing something?
Yes, your link is three years old !A quick google brought up this...
https://www.silverstoneauctions.com/1961-jaguar-e-...
... am i missing something?
Edited by mph on Sunday 7th September 10:05
EXKAY120 said:
What a pratt whoever bought it !! ridiculous !
Maybe not.http://www.eaglegb.com/cars/1962-e-type-series-1-3...
9mm said:
I imagine the buyer thinks they will do a circa £80k resto and market at around £200k. It could go either way and time will tell. Not my idea of a sound investment.
Spot on. It may seem (well, it is) a crazy amount of money, but the simple fact is that there is a big profit in it for a dealer restoration in the current climate.In purely financial terms (and we can't ignore that they exist for others, if not for me), it makes a lot more sense than that Dino in similar condition at Silverstone Auctions a little while ago.
9mm said:
I imagine the buyer thinks they will do a circa £80k resto and market at around £200k. It could go either way and time will tell. Not my idea of a sound investment.
Chances are the car has already been fully restored and just waiting for a little metal plate and engine block. 
Anyone who thinks that £80,000 will be enough isn't thinking straight. A new bonnet, fully fettled, is around £5,000, and I can't find the price of a new body from Robey's, but anyone with any experience knows that the new shells are "in the rough" and need a great deal of fettling to get the doors, bonnet and boot lid to fit. It wouldn't surprise me if putting the new body together, but not painted, will cost around £30/35,000 including labour - before painting. The engine rebuild from VSE will be around £5,000 if you go there or up to £15,000 from other specialists, trim can cost what you want it to but say £6,000 from BAS if you don't have a specialist trimmer do it and pay at least double that. Rebuilding the rear cage will cost about £4,000, painting will bring us up to a minimum of £50,000 and you haven't started on the rest of the car, and there is still a lot of it and an enormous amount of man hours to boot. If one of the big Jaguar restorers is involved the labour rate is about £100 per hour including VAT and there will be hundreds and hundreds of hours there. I can't see that car being restored by one of the top professionals for less than a minimum of £120,000. I know someone who bought and had restored an early car some years back and he spent over £100,000 and on that car the body was sound, not rotten through and through.
No, they aren't making flat floor - or any other - E-types any more (OK, the seven lightweights) so they are getting rarer and rarer on the market, but I know that just finding the very special parts for one of these early cars is almost impossible nowadays and extremely time consuming and expensive. Just look at these for example:-
A simple set of rear number plate light chromes, available from the major suspects for about £60 the pair. Problem is, these for the early cars are marked Butler, not Lucas and the last pair sold on Ebay fetched £330. A new early radiator sir? Available from Fosseway for a mere £1,500 plus carriage. They aren't like the later rads at all.
And so it goes on. Luckily this is not a very early car with outside bonnet locks because there you are talking having parts specially made. I would have no idea as to where you would find a boot lid rubber for one today for example. It's all anorak stuff and the car might just be built with more modern parts and sold to someone with no idea, but I doubt it. I'll keep looking to see it come on the market in a year or so, and a price tag of £250,000 wouldn't surprise me in the least.
No, they aren't making flat floor - or any other - E-types any more (OK, the seven lightweights) so they are getting rarer and rarer on the market, but I know that just finding the very special parts for one of these early cars is almost impossible nowadays and extremely time consuming and expensive. Just look at these for example:-
A simple set of rear number plate light chromes, available from the major suspects for about £60 the pair. Problem is, these for the early cars are marked Butler, not Lucas and the last pair sold on Ebay fetched £330. A new early radiator sir? Available from Fosseway for a mere £1,500 plus carriage. They aren't like the later rads at all.
And so it goes on. Luckily this is not a very early car with outside bonnet locks because there you are talking having parts specially made. I would have no idea as to where you would find a boot lid rubber for one today for example. It's all anorak stuff and the car might just be built with more modern parts and sold to someone with no idea, but I doubt it. I'll keep looking to see it come on the market in a year or so, and a price tag of £250,000 wouldn't surprise me in the least.
lowdrag said:
Anyone who thinks that £80,000 will be enough isn't thinking straight. A new bonnet, fully fettled, is around £5,000, and I can't find the price of a new body from Robey's, but anyone with any experience knows that the new shells are "in the rough" and need a great deal of fettling to get the doors, bonnet and boot lid to fit. It wouldn't surprise me if putting the new body together, but not painted, will cost around £30/35,000 including labour - before painting. The engine rebuild from VSE will be around £5,000 if you go there or up to £15,000 from other specialists, trim can cost what you want it to but say £6,000 from BAS if you don't have a specialist trimmer do it and pay at least double that. Rebuilding the rear cage will cost about £4,000, painting will bring us up to a minimum of £50,000 and you haven't started on the rest of the car, and there is still a lot of it and an enormous amount of man hours to boot. If one of the big Jaguar restorers is involved the labour rate is about £100 per hour including VAT and there will be hundreds and hundreds of hours there. I can't see that car being restored by one of the top professionals for less than a minimum of £120,000. I know someone who bought and had restored an early car some years back and he spent over £100,000 and on that car the body was sound, not rotten through and through.
No, they aren't making flat floor - or any other - E-types any more (OK, the seven lightweights) so they are getting rarer and rarer on the market, but I know that just finding the very special parts for one of these early cars is almost impossible nowadays and extremely time consuming and expensive. Just look at these for example:-
A simple set of rear number plate light chromes, available from the major suspects for about £60 the pair. Problem is, these for the early cars are marked Butler, not Lucas and the last pair sold on Ebay fetched £330. A new early radiator sir? Available from Fosseway for a mere £1,500 plus carriage. They aren't like the later rads at all.
And so it goes on. Luckily this is not a very early car with outside bonnet locks because there you are talking having parts specially made. I would have no idea as to where you would find a boot lid rubber for one today for example. It's all anorak stuff and the car might just be built with more modern parts and sold to someone with no idea, but I doubt it. I'll keep looking to see it come on the market in a year or so, and a price tag of £250,000 wouldn't surprise me in the least.
You speak as someone who doesn't cut corners. Unfortunately most people, and 99% of dealers, most certainly will, even more so when (quick) profit is the objective. Done in the trade or when cutting corners would £80k easily enough.No, they aren't making flat floor - or any other - E-types any more (OK, the seven lightweights) so they are getting rarer and rarer on the market, but I know that just finding the very special parts for one of these early cars is almost impossible nowadays and extremely time consuming and expensive. Just look at these for example:-
A simple set of rear number plate light chromes, available from the major suspects for about £60 the pair. Problem is, these for the early cars are marked Butler, not Lucas and the last pair sold on Ebay fetched £330. A new early radiator sir? Available from Fosseway for a mere £1,500 plus carriage. They aren't like the later rads at all.
And so it goes on. Luckily this is not a very early car with outside bonnet locks because there you are talking having parts specially made. I would have no idea as to where you would find a boot lid rubber for one today for example. It's all anorak stuff and the car might just be built with more modern parts and sold to someone with no idea, but I doubt it. I'll keep looking to see it come on the market in a year or so, and a price tag of £250,000 wouldn't surprise me in the least.
Fingers may not have burned yet but I can smell the match already.
Vanin said:
But what about the fact that there was no paperwork with the car?
Surely just a bit of body with the chassis number on it and a bit of engine block even if destroyed by a con rod , together with documents and history is worth more than this car.
Depends. What if you owned a flat floor that you had made yourself. It's not a real car and has no real value. But picking up an ID for £80k might be a nice little earner. Surely just a bit of body with the chassis number on it and a bit of engine block even if destroyed by a con rod , together with documents and history is worth more than this car.
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