Pristine condition classic car prices rising?
Discussion
What you are thinking about the classic car prices in UK?
I am not speaking about shooting stars like E-types or early Porsches.
Just about ordinary cars like Rover P5 or anything in the same category?
By the way, two years ago I missed original flat floor E-type FHC, sold by trustee, ex-Hollywood major car, all matching numbers at the 17500 pounds. Yes, still can forget it...
I am not thinking about the rotten wrecks, or molested "daily drivers", it looks that people trying to avoid them.
Just keeps in mind anything in #1 condition and may be little less than #1 condition.
From one point of view, economy are far from flourishing, but from other point, nothing goes cheaper but money.
My observation, basing on the car prices, I have, that yes, the prices for the good cherished european 50-60 cars ones are steadily goes through the roof, same with the modern classics like Mercedes E500 W124 etc.
American classics are not very popular in this part of world, apart from some exclusions, but on home markets, again market became stronger for last years.
Blue Chips like early Porsches and E-types, Ferraris, Maseratis etc are going through the roof.
Any opinions? I am foreigner, so this is purely my feelign basing on the prices of adverts, auctioneers reports and some other non-direct source.
I am not speaking about shooting stars like E-types or early Porsches.
Just about ordinary cars like Rover P5 or anything in the same category?
By the way, two years ago I missed original flat floor E-type FHC, sold by trustee, ex-Hollywood major car, all matching numbers at the 17500 pounds. Yes, still can forget it...
I am not thinking about the rotten wrecks, or molested "daily drivers", it looks that people trying to avoid them.
Just keeps in mind anything in #1 condition and may be little less than #1 condition.
From one point of view, economy are far from flourishing, but from other point, nothing goes cheaper but money.
My observation, basing on the car prices, I have, that yes, the prices for the good cherished european 50-60 cars ones are steadily goes through the roof, same with the modern classics like Mercedes E500 W124 etc.
American classics are not very popular in this part of world, apart from some exclusions, but on home markets, again market became stronger for last years.
Blue Chips like early Porsches and E-types, Ferraris, Maseratis etc are going through the roof.
Any opinions? I am foreigner, so this is purely my feelign basing on the prices of adverts, auctioneers reports and some other non-direct source.
Edited by denis23 on Sunday 10th February 21:54
Shock, horror,sought after cars keep going up in value.
Good cars are still well below restoration costs.
Money is cheap to borrow and there is not much you can do with your money.
Classics will go up while interest rates are low.
Bluechips will crash when only the true enthusiasts want them. Then it starts again.
I've been around long enough to see this time and again.
Good cars are still well below restoration costs.
Money is cheap to borrow and there is not much you can do with your money.
Classics will go up while interest rates are low.
Bluechips will crash when only the true enthusiasts want them. Then it starts again.
I've been around long enough to see this time and again.
having seven restored classics in my garage I am only happy on this.
just mentioned lately, that I am not hopelessly in red with all this cars (purchased in the last 10 years and lot of restoration job were done at the cheaper third world prices too). I am surprised, seeing good Rover P5B sold at 8000 pounds , or 6000 EUR easily paid for good (but not priscine) W116 Mercedes, which being market outsider for many years. Not mention Jensen Interceptor which prices tripled for last 10 years, I guess.
just mentioned lately, that I am not hopelessly in red with all this cars (purchased in the last 10 years and lot of restoration job were done at the cheaper third world prices too). I am surprised, seeing good Rover P5B sold at 8000 pounds , or 6000 EUR easily paid for good (but not priscine) W116 Mercedes, which being market outsider for many years. Not mention Jensen Interceptor which prices tripled for last 10 years, I guess.
I think that whilst interest rates are kept low then the mad house auction sales will continue, when they rise in a few years then the whole rotten inflated market will crumble very fast. At least then real enthusiasts wil be able to return and buy what they really want to drive. As it is, 100k for an etype and 45k for an old mini not to mention the 16k Spitfire are just purchases for the insane. Seen it all before at in the late 80s and this time will be no different.
I don't follow the value of other cars (especially not the high value ones, which seem to behave almost as a form of investment, more than a mode of transport), but the car whose value I do follow, has definately been rising quite strongly.
Good Jaguar XJ40s are definately well up in price. Really, it does need to be an excellent one though - and to have a desireable spec. The value of the 'run of the mill' XJ40 is also up slightly - but the change is nowhere near as marked. It seems to me the role of the cheap Jag has passed to the X300 now. Their value still seems to be in decline and some of them are very cheap indeed. Of course, it could be that most of the very rough XJ40s were culled in the Scrappage scheme, so the average condition of an XJ40 may be better than the low end X300 - which was perhaps too new for the scrappage scheme.
Either way, the value of good XJ40s has risen sharply - though they could be said to have only recovered what they lost in the last handful of years since they did plunge in value. Their slightly high petrol consumption does not matter on a weekend car.
Good Jaguar XJ40s are definately well up in price. Really, it does need to be an excellent one though - and to have a desireable spec. The value of the 'run of the mill' XJ40 is also up slightly - but the change is nowhere near as marked. It seems to me the role of the cheap Jag has passed to the X300 now. Their value still seems to be in decline and some of them are very cheap indeed. Of course, it could be that most of the very rough XJ40s were culled in the Scrappage scheme, so the average condition of an XJ40 may be better than the low end X300 - which was perhaps too new for the scrappage scheme.
Either way, the value of good XJ40s has risen sharply - though they could be said to have only recovered what they lost in the last handful of years since they did plunge in value. Their slightly high petrol consumption does not matter on a weekend car.
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