Ordinary cars at sky high prices
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Discussion

crankedup

Original Poster:

25,764 posts

272 months

Saturday 8th April 2017
quotequote all
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.

Phil Dicky

7,194 posts

292 months

Saturday 8th April 2017
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lowdrag

13,183 posts

242 months

Sunday 9th April 2017
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Now sit down and pour yourself a stiff one.

Emanresu

311 posts

118 months

Sunday 9th April 2017
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I think the problem is that the cars aren't cars anymore. They're investments, just like gold, second properties etc.

Huntsman

9,313 posts

279 months

Sunday 9th April 2017
quotequote all
crankedup said:
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.
I've got a suspicion that a lot of this seemingly high price old car stock isn't shifting. Trade have been moving cars about, adding a bit, but not selling.

crankedup

Original Poster:

25,764 posts

272 months

Sunday 9th April 2017
quotequote all
Huntsman said:
crankedup said:
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.
I've got a suspicion that a lot of this seemingly high price old car stock isn't shifting. Trade have been moving cars about, adding a bit, but not selling.
Hope your right, imo, these classic cars are for enjoying, not mollycoddling in a heated garage waiting for a price increase. These high prices are simply locking out some enthusiasts from enjoyment of driving classics, much the same as the vintage car market.
Will prices fall to a sensible level - illinois dollar question, no pun intended.

Rich G

1,271 posts

247 months

Monday 10th April 2017
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Take a look at the price of 60s and 70s Fords, especially MK1 Escorts of the warmer variety; they'll make you wince!

aeropilot

40,530 posts

256 months

Monday 10th April 2017
quotequote all
crankedup said:
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.
One of these....?



If so, one went for more than that at an auction recently (and it had been messed around with a bit, so hardly what I'd call an original spec restored or original car)

There's really not many of these left, but as always, they are only worth what someone is prepared to pay. The trouble is with so few left, finding some of the unique to these parts can be an issue (aside from the usual issue of rust/rot) although some basic parts from sibling Fords can be used.

daemon

40,118 posts

226 months

Monday 10th April 2017
quotequote all
Phil Dicky said:
It might be mint but its by no means original.

'84 ones shouldnt have had colour coded bumpers, wheel arches, or grille. Also it should be black along the lower halves of the doors. Rear and front valences should also have been black.

It was for sale in a Honda dealers back in Jan for £16,000.

Two years ago it was for sale @ £7,995

http://www.newoldcar.co.uk/index.php/66-featured-c...


TiMopar

187 posts

203 months

Monday 10th April 2017
quotequote all
aeropilot said:
One of these....?



If so, one went for more than that at an auction recently (and it had been messed around with a bit, so hardly what I'd call an original spec restored or original car)

There's really not many of these left, but as always, they are only worth what someone is prepared to pay. The trouble is with so few left, finding some of the unique to these parts can be an issue (aside from the usual issue of rust/rot) although some basic parts from sibling Fords can be used.
My first car was one of these back in the mid-seventies. To give some perspective on current values of a nice one now, they were mostly all completely rotten back then. That white one pictured is a beauty.

Huntsman

9,313 posts

279 months

Monday 10th April 2017
quotequote all
daemon said:
Phil Dicky said:
It might be mint but its by no means original.

'84 ones shouldnt have had colour coded bumpers, wheel arches, or grille. Also it should be black along the lower halves of the doors. Rear and front valences should also have been black.

It was for sale in a Honda dealers back in Jan for £16,000.

Two years ago it was for sale @ £7,995

http://www.newoldcar.co.uk/index.php/66-featured-c...
Excellent post, exactly my point, I doubt its sold in that time, just shuffled around the trade and more than doubles the asking price. I doubt anyone would pay the £7995, let alone £20k.

Mot history, 180 miles in nearly 10 years, says to me that no-one actually bought it.

Its not just ordinary cars, I've been watching chinese eye RR and Bentley's for ages, I'm not sure they are selling yet seem to be gathering value....


Edited by Huntsman on Monday 10th April 15:33

crankedup

Original Poster:

25,764 posts

272 months

Monday 10th April 2017
quotequote all
aeropilot said:
crankedup said:
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.
One of these....?



If so, one went for more than that at an auction recently (and it had been messed around with a bit, so hardly what I'd call an original spec restored or original car)

There's really not many of these left, but as always, they are only worth what someone is prepared to pay. The trouble is with so few left, finding some of the unique to these parts can be an issue (aside from the usual issue of rust/rot) although some basic parts from sibling Fords can be used.
Yes indeed, I have a M3 in my garage which I bought last November, I'm ashamed to say it's been unused in my ownership. I would like a nice vintage car and a classic which I could bond with. The volvo I bought is fine but it's just not me. But 20k for the consul classic, to strong for my taste.

bloomen

10,024 posts

188 months

Monday 10th April 2017
quotequote all
I'm glad I got most of the cars I wanted to own out of my system back in the day. Modern prices bear no relation to much of anything other than what one speculator believes they might get out of a greater fool further down the line.

aeropilot

40,530 posts

256 months

Monday 10th April 2017
quotequote all
crankedup said:
aeropilot said:
crankedup said:
Spotted what looks like a nice condition early 1960's Ford consul classic coupe version .
Only 59,000 miles and original. Fitted with its 1500cc engine and not messed with.
Enquired and was advised its priced £20k. Not being well up on the classic car market this seems a very strong price to me? As I say the car is nice but yikes
I was always under the impression that rarity does not always mean a strong price.
One of these....?



If so, one went for more than that at an auction recently (and it had been messed around with a bit, so hardly what I'd call an original spec restored or original car)

There's really not many of these left, but as always, they are only worth what someone is prepared to pay. The trouble is with so few left, finding some of the unique to these parts can be an issue (aside from the usual issue of rust/rot) although some basic parts from sibling Fords can be used.
Yes indeed, I have a M3 in my garage which I bought last November, I'm ashamed to say it's been unused in my ownership. I would like a nice vintage car and a classic which I could bond with. The volvo I bought is fine but it's just not me. But 20k for the consul classic, to strong for my taste.
Even as a dyed-in-the-wool Ford fan, I struggle with 20k for a Consul Capri, as lovely as they are.



BeastieBoy73

807 posts

141 months

Tuesday 11th April 2017
quotequote all
I've just returned from Techno Classica in Essen and the prices advertised for cars generally seemed high. One car that hit me as being high priced was a Jaguar XJS Convertible being offered for €48k.

Rich G

1,271 posts

247 months

Tuesday 11th April 2017
quotequote all
aeropilot said:
One of these....?



If so, one went for more than that at an auction recently (and it had been messed around with a bit, so hardly what I'd call an original spec restored or original car)

There's really not many of these left, but as always, they are only worth what someone is prepared to pay. The trouble is with so few left, finding some of the unique to these parts can be an issue (aside from the usual issue of rust/rot) although some basic parts from sibling Fords can be used.
Very bad case of WANT! Unfortunately equalled with just as bad a case of unaffordable....

paulmakin

739 posts

170 months

Tuesday 11th April 2017
quotequote all
there's one of those coupes on a ramp in the tyre place at the junction of shirvan road and the CN highway on tobago. it's not moved in all the time that i've been on island (and i first arrived in 1989). i mean, not moved at all. recommissioning will be a nightmare but i make a point of stopping every few weeks and trying to buy it. it looks like it's a 1962 which is the same age as me.

tropical climate should mean lots of rot but it's under cover and well ventilated so maybe not a total disaster. superficially, it looks very reasonable.

if i were in any way technically minded i'd get a pic or two but i'm not. will ask a friend.

paul

Edited by paulmakin on Tuesday 11th April 23:26

s m

24,464 posts

232 months

Wednesday 12th April 2017
quotequote all
bloomen said:
Modern prices bear no relation to much of anything other than what one speculator believes they might get out of a greater fool further down the line.
As always with this type of thing, the answer is buy one of the cheap ones instead....

crankedup

Original Poster:

25,764 posts

272 months

Wednesday 12th April 2017
quotequote all
s m said:
bloomen said:
Modern prices bear no relation to much of anything other than what one speculator believes they might get out of a greater fool further down the line.
As always with this type of thing, the answer is buy one of the cheap ones instead....
Minefield, the old adage was to buy the best you can afford. Have I joined the circle!

a8hex

5,832 posts

252 months

Wednesday 12th April 2017
quotequote all
BeastieBoy73 said:
I've just returned from Techno Classica in Essen and the prices advertised for cars generally seemed high. One car that hit me as being high priced was a Jaguar XJS Convertible being offered for €48k.
XJS prices particularly for a convertible have gone through the roof in the last year or so. €48K wouldn't seem surprising for a late V12. Take a look at

http://www.clarkesjaguar.co.uk/xjs-for-sale.html

Damn!
I really should stay away from that site especially now that the XK150 has moved on to someone who's likely to use it more than I have of late.