how bad is the market?

[wjs1968]

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---...

Edited by wjs1968 on Wednesday 11th March 14:12

[aeropilot]

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---...

Edited by wjs1968 on Wednesday 11th March 14:12

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.

[vixen1700]

^^^ Yep.

Plus the market for 50s/60s cars are quite literally dying off.

[wjs1968]

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.

hmm - how do you determine what the true value of something like a classic car is?

[lukeharding]

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...

[wjs1968]

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...

[aeropilot]

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...

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.

[wjs1968]

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...

[Hippea]

Some are bucking the trend, early VW Beetles (50s) seem to be selling for a lot which I surprised at