Practically Classics Forum

Is it just me or does this seem ridiculously expensive

http://cgi.ebay.co.uk/Essentially-new-E ... 43a46f1839

I won't claim to know much about e-types but I have seen them advertised for much more than that before.

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.

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

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).