Seriously Overpriced Cars

Seriously Overpriced Cars

Author
Discussion

Driver101

14,376 posts

121 months

Friday 28th February 2020
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It does look good. Not £115k good.

I just don't get fast Ford values.

swisstoni

16,949 posts

279 months

Friday 28th February 2020
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Driver101 said:
It does look good. Not £115k good.

I just don't get fast Ford values.
I think it’s down to them being the cars to have when these guys were lads and couldn’t have them. Or had them and miss them.
Now they’ve got a few bob they can scratch that itch.

It won’t last because they will have all the resonance with future generations as a Big Healey has with me - zilch. Before my time.

And so prices will return to something sensible for an old, rare, fairly interesting saloon with sporting connections.

(Just Imho of course).

anonymous-user

54 months

Friday 28th February 2020
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Fermit and Sexy Sarah said:
aaron_2000 said:
This was sat for years at MotorHub for around £80k - £90k, now listed in Ireland for £115k in the exact same condition. Surely someone spending that much on one would want it to be absolutely original?

https://www.ebay.co.uk/itm/FORD-SIERRA-RS500-COSWO...
He's been reading this thread...

PLEASE FEEL FREE TO SLAG AND SLOBBER OVER FORUMS IF YOU DONT LIKE THE PRICE BUT THATS USUALLY BY PEOPLE THAT EITHER DONT OWN AN RS500 , PROBABLY WILL NEVER OWN AN RS500 AND CERTAINLY DO NOT UNDERSTAND WHAT AN RS500 IS - BUT THAT IS THE PRICE !!
Well, sonny, if you're reading this, you're not going to get anywhere near that price. If you do, please let us know and I'll give the same amount to charity.

Okay, hun?

Downward

3,570 posts

103 months

Friday 28th February 2020
quotequote all
Fermit and Sexy Sarah said:
aaron_2000 said:
This was sat for years at MotorHub for around £80k - £90k, now listed in Ireland for £115k in the exact same condition. Surely someone spending that much on one would want it to be absolutely original?

https://www.ebay.co.uk/itm/FORD-SIERRA-RS500-COSWO...
He's been reading this thread...

PLEASE FEEL FREE TO SLAG AND SLOBBER OVER FORUMS IF YOU DONT LIKE THE PRICE BUT THATS USUALLY BY PEOPLE THAT EITHER DONT OWN AN RS500 , PROBABLY WILL NEVER OWN AN RS500 AND CERTAINLY DO NOT UNDERSTAND WHAT AN RS500 IS - BUT THAT IS THE PRICE !!
Isn’t it a 35 year old Sierra which has had some engine work ?!

I could pick up a decent RS6 with 600bhp for a fraction of the price.

s m

23,218 posts

203 months

Friday 28th February 2020
quotequote all
PostHeads123 said:
6k for a 1998 A3 1.8T https://www.carandclassic.co.uk/car/C1120098 .

This has got me thinking though I have a near immaculate 2002 A3 1.8t 76.5k miles I was going to sell due cambelt (last done in 2012) I was thinking £800-£1k for it as is, the car very clean - I recon if I spent circa £1k on it would be pretty much as new condition that the grand would cover cambelt / waterpump, alloy refurb, a few paint / smart repairs, recon its worth it ? I keep reading A3 of that era has potential as future classic, mine is like new inside had it 15 years.
They were very good handling iirc and got pretty high marks in most hot hatch tests of the late 90s. Smart little car but I prefer the small BMW hatches at that price.

anonymous-user

54 months

Saturday 29th February 2020
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I wonder if the RS500 comes back from Ireland with lower miles and a new number plate in the future??

Mr Tidy

22,250 posts

127 months

Saturday 29th February 2020
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schmalex said:
Fermit and Sexy Sarah said:
20 big ones for a 31 year old Mini. Yes, it has just 12 miles, but £20k?!

https://www.thesun.co.uk/motors/11030376/rare-mini...
I’d give £20k for that in a heartbeat to be honest
I'd give £20, or might go up to £200!

Never liked them before I ever sat in one, and when I did in 1976 I hated it - total POS IMHO. laugh

mike74

3,687 posts

132 months

Saturday 29th February 2020
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Mr Tidy said:
I'd give £20, or might go up to £200!

Never liked them before I ever sat in one, and when I did in 1976 I hated it - total POS IMHO. laugh
Agreed.

Hundreds of years from now people will still be looking back and studying this current period in economic history and asking themselves what utter lunacy gripped these idiots?

The current 'everything bubble' (especially when it comes to ''classic'' cars) makes all previous asset price bubbles (Tulips, Railways etc) pale into insignificance.


AstonZagato

12,695 posts

210 months

Monday 2nd March 2020
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How about £125,000 for a nine year old, 30,000 stretched Merc?
Maybach

mat205125

17,790 posts

213 months

Tuesday 3rd March 2020
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robinessex said:
Has this set the record?



$7,200,000 !!!
Few cars are more colour sensitive. That just looks ugly an early ccx is much neater and subtle

FIREBIRDC9

736 posts

137 months

Wednesday 4th March 2020
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Got another one for you.

16k for a UK spec Celica GT

https://www.carandclassic.co.uk/car/C1199140

Not a ST165 GT-4 , just a regular UK GT Spec
Low miles granted, but is it really special enough to justify 16k?

Some may argue that an MR2 would be a better choice and cost far less.

Its a pretty thing , but not 16k Pretty

Steamer

13,856 posts

213 months

Wednesday 4th March 2020
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FIREBIRDC9 said:
Got another one for you.

16k for a UK spec Celica GT

https://www.carandclassic.co.uk/car/C1199140

Not a ST165 GT-4 , just a regular UK GT Spec
Low miles granted, but is it really special enough to justify 16k?

Some may argue that an MR2 would be a better choice and cost far less.

Its a pretty thing , but not 16k Pretty
To make things worse its an auto - manuals seem to be a very rare thing indeed.

However for the same money you can pretend to be Carlos Sainz Sr (if you change the colours a bit)

https://www.carandclassic.co.uk/car/C1173008

crankedup

25,764 posts

243 months

Wednesday 4th March 2020
quotequote all
swisstoni said:
Driver101 said:
It does look good. Not £115k good.

I just don't get fast Ford values.
I think it’s down to them being the cars to have when these guys were lads and couldn’t have them. Or had them and miss them.
Now they’ve got a few bob they can scratch that itch.

It won’t last because they will have all the resonance with future generations as a Big Healey has with me - zilch. Before my time.

And so prices will return to something sensible for an old, rare, fairly interesting saloon with sporting connections.

(Just Imho of course).
Spot on! I enjoyed vintage stuff for about twenty years but noticed how little interest was shown in them by younger people at the shows. Eventually noticed that most show goers walked on past to droll over Ford Escorts and the like. Simply no interest in pre war.
I have an old program from a 1974 show which lists about thirty Edwardian cars, sixty vintage and
a hundred or so post war cars on display, all driven to the show by the owners. How times change perception and interest.

FIREBIRDC9

736 posts

137 months

Wednesday 4th March 2020
quotequote all
crankedup said:
Spot on! I enjoyed vintage stuff for about twenty years but noticed how little interest was shown in them by younger people at the shows. Eventually noticed that most show goers walked on past to droll over Ford Escorts and the like. Simply no interest in pre war.
I have an old program from a 1974 show which lists about thirty Edwardian cars, sixty vintage and
a hundred or so post war cars on display, all driven to the show by the owners. How times change perception and interest.
I expect one day that prices on Pre war cars will tank and average pre war cars like the Austin 7 for example will be hard to give away because the interest isn't there anymore.

MikeyC

836 posts

227 months

Wednesday 4th March 2020
quotequote all
schmalex said:
Fermit and Sexy Sarah said:
20 big ones for a 31 year old Mini. Yes, it has just 12 miles, but £20k?!

https://www.thesun.co.uk/motors/11030376/rare-mini...
I’d give £20k for that in a heartbeat to be honest
It got to £14K so: 'NOT SOLD'

uncleluck

484 posts

51 months

Wednesday 4th March 2020
quotequote all
Do any of these big price cars sell?

I’m talking about the RS500’s and 22b’s that are £80k-£100k.

I’m always looking at cars for sale and the same cars just get listed over and over and over and...

Be interesting to hear someone reply to one of these threads and say “yeah, I paid £90k for a 22b the other day”

Kind of reminds me of the vintage watch world, same overpriced stuff just sat around for months.

I know a 3 door Sierra sold at auction for a lot recently but was it to a private buyer or was it to trade who are assuming they’ll get x amount more because they’re “worth loads”


I see the R32 GTR prices and think “jeez, they’re 5 times the price I sold mine for”. Then I realise they just sit there rather than selling in a week like they used to.

Edited by uncleluck on Wednesday 4th March 20:37

aaron_2000

5,407 posts

83 months

Thursday 5th March 2020
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22B just sold for around £80k

crankedup

25,764 posts

243 months

Thursday 5th March 2020
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FIREBIRDC9 said:
crankedup said:
Spot on! I enjoyed vintage stuff for about twenty years but noticed how little interest was shown in them by younger people at the shows. Eventually noticed that most show goers walked on past to droll over Ford Escorts and the like. Simply no interest in pre war.
I have an old program from a 1974 show which lists about thirty Edwardian cars, sixty vintage and
a hundred or so post war cars on display, all driven to the show by the owners. How times change perception and interest.
I expect one day that prices on Pre war cars will tank and average pre war cars like the Austin 7 for example will be hard to give away because the interest isn't there anymore.
Agreed, and I feel those days are not far off unfortunately. The A7 are a brilliant little car though that defies the market place, great clubs, great spares back up and above all affordable. Top end stuff is already dropping in asking prices, nice cars of middle market seem to be sticking on the market unless priced ‘to sell’, I know of several cars been on market for two to three years.
I now enjoy a modern classic but do miss my old vintage stuff tbh, but I do not wish to be holding stuff that’s going to the museum.

crankedup

25,764 posts

243 months

Thursday 5th March 2020
quotequote all
uncleluck said:
Do any of these big price cars sell?

I’m talking about the RS500’s and 22b’s that are £80k-£100k.

I’m always looking at cars for sale and the same cars just get listed over and over and over and...

Be interesting to hear someone reply to one of these threads and say “yeah, I paid £90k for a 22b the other day”

Kind of reminds me of the vintage watch world, same overpriced stuff just sat around for months.

I know a 3 door Sierra sold at auction for a lot recently but was it to a private buyer or was it to trade who are assuming they’ll get x amount more because they’re “worth loads”


I see the R32 GTR prices and think “jeez, they’re 5 times the price I sold mine for”. Then I realise they just sit there rather than selling in a week like they used to.

Edited by uncleluck on Wednesday 4th March 20:37
I could be off the mark here, not for the first time, but I reckon the big ticket cars go to investors and not always enthusiasts like in here. Those with enough cash to invest and forget about what it is they have purchased, not all of course. Need more Chris Evans around to invest into the car and prolong the cars life maybe.

MikeyC

836 posts

227 months

Thursday 5th March 2020
quotequote all
uncleluck said:
Do any of these big price cars sell?

I’m talking about the RS500’s and 22b’s that are £80k-£100k.

I’m always looking at cars for sale and the same cars just get listed over and over and over and...
Re: RS500's
Silverstone Auctions sold an RS500 for 73K last year and another for 80K (Top Est. was 70K) last month
In 2018, a low mileage (12K) one went for 115K
So apparantly, yes they do