How much?

Here's the place to chat about all things classic. Also includes a feedback forum where you can communicate directly with the editorial team - don't hold back, they'd love to know what they're doing right (or wrong of course!)
Post Reply
Message
Author
User avatar
Minxy
Posts: 547
Joined: Fri Jan 07, 2011 9:29 pm
Location: West Northamptonshire

How much?

#1 Post by Minxy » Mon Jan 17, 2011 10:35 am

Is it just me or does this seem ridiculously expensive

http://cgi.ebay.co.uk/Essentially-new-E ... 43a46f1839
Never play chess with a pigeon. It will knock all the pieces over, S*#t on the board and then strut around pretending it won.

User avatar
TerryG
Posts: 6754
Joined: Wed Jan 05, 2011 1:54 pm
Location: East Midlands

Re: How much?

#2 Post by TerryG » Mon Jan 17, 2011 10:47 am

I won't claim to know much about e-types but I have seen them advertised for much more than that before.
Understeer: when you hit the wall with the front of the car.
Oversteer: when you hit the wall with the back of the car.
Horsepower: how fast you hit the wall.
Torque: how far you take the wall with you.

User avatar
Martin Evans
Posts: 3274
Joined: Fri Jan 14, 2011 10:16 am
Location: South Wales.
Contact:

Re: How much?

#3 Post by Martin Evans » Mon Jan 17, 2011 11:14 am

E Types can fetch a lot of money, especially earlier examples.

Sometimes the price when new has little bearing on the value in later years. I've recently seen Austin Healeys for £65000, Ford Escort twin cams for a similar sum and an Allard for £325000. None of these cars were super expensive when new, yet you can buy a Bristol for a lot less money. On the other hand, I recently saw an Aston Martin DB5 for £290000. I suspect that a lot of this premium is more down to James Bond using a DB5 (Funny Lotus Esprits are not worth vast sums), than the DB5 being a desirable car.

I can’t help feeling that some of this money comes from people who grew up without cars or a knowledge of them, who have made a lot of money and don’t really know what is truly a desirable car. Nevertheless some of them “Have always wanted an XXXX” but the reason maybe a trivial one. However the law of supply and demand takes no account of trivia and so the value increases. This can then turn said car into an investment (Just like paintings or bottles of wine).

Competition pedigree will make cars valuable too.
Rules exist for the obedience of fools and the guidance of wise men.

MG Midget 1500, MGB GT V8, Morris Minor Traveller 1275, MG Midget 1275 & too many bicycles.

rich.
Posts: 6804
Joined: Wed Jan 05, 2011 9:18 pm

Re: How much?

#4 Post by rich. » Mon Jan 17, 2011 8:38 pm

even if id won the lottery id rather walk than pay that...

User avatar
Martin Evans
Posts: 3274
Joined: Fri Jan 14, 2011 10:16 am
Location: South Wales.
Contact:

Re: How much?

#5 Post by Martin Evans » Tue Jan 18, 2011 12:49 pm

I wouldn't go that far and it would depend on what kind of Lottery win it was. In my "Dream Collection" (http://www.practicallyclassics.co.uk/vi ... p?f=3&t=59), the only cars I mentioned, that would be in the hundreds of thousands of pounds bracket, were the Bugatti or the Frazer Nash. I think the Lottery win would need to be very large before I'd consider either (You have to afford the upkeep) and I'm not even sure that I would prefer the Bugatti to the MG (That might be like saying, in todays market, that I'd like an MGF as much as a Ferrari); I just like the traditional British sports car and always have (The Morgan is one of the few cars still being made that appeals to me, though I'd prefer an old one - a Series 1 4/4 would be a nice alternative to a pre war MG Midget).
Rules exist for the obedience of fools and the guidance of wise men.

MG Midget 1500, MGB GT V8, Morris Minor Traveller 1275, MG Midget 1275 & too many bicycles.

Post Reply

Who is online

Users browsing this forum: No registered users and 27 guests