how bad is the market?
Discussion
the classic market seems to have completely tanked - 85K against the 265K the seller paid in 2017 (plus remedial work) - ouch...
https://www.historics.co.uk/auction/lot/lot-201---...
https://www.historics.co.uk/auction/lot/lot-201---...
Edited by wjs1968 on Wednesday 11th March 14:12
wjs1968 said:
the classic market seems to have completely tanked - 85K against the 265K the seller paid in 2017 (plus remedial work) - ouch...
https://www.historics.co.uk/auction/lot/lot-201---...
Or you could argue that the market has returned back to its true value levels from the over inflated, investor driven previous era, just as it did before when values crashed.https://www.historics.co.uk/auction/lot/lot-201---...
Edited by wjs1968 on Wednesday 11th March 14:12
Also worth mentioning that car sold for around £135k in 2013 at Bonhams I think. I would imagine that £265k is a retail price.
It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
lukeharding said:
Also worth mentioning that car sold for around £135k in 2013 at Bonhams I think. I would imagine that £265k is a retail price.
It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
ah that makes sense of the £265k - but what a lovely motorcar (and it is a motorcar) for 85K - and green interiors are my weak spot... It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
wjs1968 said:
lukeharding said:
Also worth mentioning that car sold for around £135k in 2013 at Bonhams I think. I would imagine that £265k is a retail price.
It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
ah that makes sense of the £265k - but what a lovely motorcar (and it is a motorcar) for 85K - and green interiors are my weak spot... It is a lovely thing and well worth that money in my eye, and I really wish I hadn't missed the bidding on it. Just so lovely.
It didn't sell twice in the last 18 months, once at a guide of around £150k.
Worth having a look at the price of other S2 Continentals on the market, too...
I think its bloody lovely though, perfect colour combo and great history, and I'd happily drive it as it is and just maintain it.
aeropilot said:
Its lovely and original, but not many people like to see such worn and faded patina paintwork on a Bentley. A pukka repaint of that won't be cheap, which is why its not an attractive buy for many in the current market.
I think its bloody lovely though, perfect colour combo and great history, and I'd happily drive it as it is and just maintain it.
agreed - it would ruin it to repaint it - it's perfect as it is...I think its bloody lovely though, perfect colour combo and great history, and I'd happily drive it as it is and just maintain it.
aeropilot said:
Or you could argue that the market has returned back to its true value levels from the over inflated, investor driven previous era, just as it did before when values crashed.
I think that's the more likely scenario. Prices took a massive leap post-Covid and are returning to sensible levels.The 50/60's dying off scenario has been coming for a while. The positive (if that's the right word) is it's making cars like Healey 3000's, E-Type's start to become attainable again for 'sensible-ish' figures.
What I have noticed is the next era of 70's (Escorts and the like) bar the odd exception is also going backwards.
It's probably the first time in history we've seen actual person related age trends in the classic car world, in the late 80's boom Classic Car ownership was a relatively new thing and the people buying in where 40-50 year olds with lots of the classics a mere 25 years old (1965-1990 for instance), those same people now if still with us are 80-90 and many are not here any longer..my Father amongst them.
What I have noticed is the next era of 70's (Escorts and the like) bar the odd exception is also going backwards.
It's probably the first time in history we've seen actual person related age trends in the classic car world, in the late 80's boom Classic Car ownership was a relatively new thing and the people buying in where 40-50 year olds with lots of the classics a mere 25 years old (1965-1990 for instance), those same people now if still with us are 80-90 and many are not here any longer..my Father amongst them.
BEP said:
The 50/60's dying off scenario has been coming for a while. The positive (if that's the right word) is it's making cars like Healey 3000's, E-Type's start to become attainable again for 'sensible-ish' figures.
What I have noticed is the next era of 70's (Escorts and the like) bar the odd exception is also going backwards.
It's probably the first time in history we've seen actual person related age trends in the classic car world, in the late 80's boom Classic Car ownership was a relatively new thing and the people buying in where 40-50 year olds with lots of the classics a mere 25 years old (1965-1990 for instance), those same people now if still with us are 80-90 and many are not here any longer..my Father amongst them.
E Type prices have really softened, likewise Healeys and XK's. What I have noticed is the next era of 70's (Escorts and the like) bar the odd exception is also going backwards.
It's probably the first time in history we've seen actual person related age trends in the classic car world, in the late 80's boom Classic Car ownership was a relatively new thing and the people buying in where 40-50 year olds with lots of the classics a mere 25 years old (1965-1990 for instance), those same people now if still with us are 80-90 and many are not here any longer..my Father amongst them.
Whether sellers have caught on to this fact is questionable- same Acecas and Greyhounds sitting out there at £80 to £120k and no movement. An arguable over supply of MKII Jags and such like.
One thing I have noticed, is that the more mundane, 80's and 90's stuff seems popular. Saw a bunch of youngsters in a Mk1 Micra at the weekend, having a great time. Younger drivers seem to like the boggo stuff, not so much to slam or modify, just to smoke around in. I guess they are cheap to run and insure and obviously quirky.
Castrol for a knave said:
An arguable over supply of MKII Jags and such like.
There's an over supply of bad Mk.2 Jags, not many nice un-molested examples around.Too many got resto-modded by Vicarage and JD etc at huge expense back in the 80-90's and these have plummeted in price, and many bodged resto's now in need of doing again.
E types are often announced as 'rare' at classic car auctions, when they're nothing of the sort. There are over 6000 registered at DVLA, 4700 taxed and 1300 SORN at last check:
https://www.howmanyleft.co.uk/?q=e+type&commit...
Not counting the ones registered with no model type as just a Jaguar! But you hardly ever see one actually being driven.
https://www.howmanyleft.co.uk/?q=e+type&commit...
Not counting the ones registered with no model type as just a Jaguar! But you hardly ever see one actually being driven.
Castrol for a knave said:
E Type prices have really softened, likewise Healeys and XK's.
Whether sellers have caught on to this fact is questionable- same Acecas and Greyhounds sitting out there at £80 to £120k and no movement. An arguable over supply of MKII Jags and such like.
One thing I have noticed, is that the more mundane, 80's and 90's stuff seems popular. Saw a bunch of youngsters in a Mk1 Micra at the weekend, having a great time. Younger drivers seem to like the boggo stuff, not so much to slam or modify, just to smoke around in. I guess they are cheap to run and insure and obviously quirky.
Ha that's very funny - guy that works for me has a MK1 Micra that he inherited from a friend's father - he took if for an MOT yesterday and all the youngsters were telling him how cool it was - much to his amusement...Whether sellers have caught on to this fact is questionable- same Acecas and Greyhounds sitting out there at £80 to £120k and no movement. An arguable over supply of MKII Jags and such like.
One thing I have noticed, is that the more mundane, 80's and 90's stuff seems popular. Saw a bunch of youngsters in a Mk1 Micra at the weekend, having a great time. Younger drivers seem to like the boggo stuff, not so much to slam or modify, just to smoke around in. I guess they are cheap to run and insure and obviously quirky.
Absolutely agree. Was at Haynes Breakfast start of the month with my 197 Clio for the French car day.
Was surprised and pleased at the number of youngsters in old 90’s and early 2000’s stuff like 306 or 106 Peugeots etc. Cars of the same age or older than them. Heartening to see and appeared to be used not just stored away.
But then no different from me driving Triumphs from the 70’s when I was 20ish at the end of the 80’s. Just much better cars!
Was surprised and pleased at the number of youngsters in old 90’s and early 2000’s stuff like 306 or 106 Peugeots etc. Cars of the same age or older than them. Heartening to see and appeared to be used not just stored away.
But then no different from me driving Triumphs from the 70’s when I was 20ish at the end of the 80’s. Just much better cars!
wjs1968 said:
Castrol for a knave said:
E Type prices have really softened, likewise Healeys and XK's.
Whether sellers have caught on to this fact is questionable- same Acecas and Greyhounds sitting out there at £80 to £120k and no movement. An arguable over supply of MKII Jags and such like.
One thing I have noticed, is that the more mundane, 80's and 90's stuff seems popular. Saw a bunch of youngsters in a Mk1 Micra at the weekend, having a great time. Younger drivers seem to like the boggo stuff, not so much to slam or modify, just to smoke around in. I guess they are cheap to run and insure and obviously quirky.
Ha that's very funny - guy that works for me has a MK1 Micra that he inherited from a friend's father - he took if for an MOT yesterday and all the youngsters were telling him how cool it was - much to his amusement...Whether sellers have caught on to this fact is questionable- same Acecas and Greyhounds sitting out there at £80 to £120k and no movement. An arguable over supply of MKII Jags and such like.
One thing I have noticed, is that the more mundane, 80's and 90's stuff seems popular. Saw a bunch of youngsters in a Mk1 Micra at the weekend, having a great time. Younger drivers seem to like the boggo stuff, not so much to slam or modify, just to smoke around in. I guess they are cheap to run and insure and obviously quirky.
wjs1968 said:
the classic market seems to have completely tanked - 85K against the 265K the seller paid in 2017 (plus remedial work) - ouch...
https://www.historics.co.uk/auction/lot/lot-201---...
Wow just having a quick look at auction results there were some real bargains including old motorcycles like the Honda monkey bike https://www.historics.co.uk/auction/details/a073-s...https://www.historics.co.uk/auction/lot/lot-201---...
Edited by wjs1968 on Wednesday 11th March 14:12
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