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Mk3 at Mathewsons auction 2nd Nov

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by Michael Richardson » Thu Nov 21, 2019 9:35 am

Bidding on eBay to 'Dave' finished overnight. Last offer...£14030, so the plan to flip it for a quick profit has not yet worked out.
Think this particular car needs plenty of work judging by how long it has been laid up.
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by cannonball » Thu Nov 21, 2019 11:30 am

Michael Richardson wrote:Bidding on eBay to 'Dave' finished overnight. Last offer...£14030, so the plan to flip it for a quick profit has not yet worked out.
Think this particular car needs plenty of work judging by how long it has been laid up.
2 yrs ago it was a 22k car Jensens suck once again,,
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by Steve Payne » Thu Nov 21, 2019 5:36 pm

cannonball wrote:
Michael Richardson wrote:Bidding on eBay to 'Dave' finished overnight. Last offer...£14030, so the plan to flip it for a quick profit has not yet worked out.
Think this particular car needs plenty of work judging by how long it has been laid up.
2 yrs ago it was a 22k car Jensens suck once again,,


A lot of classics are struggling to get the prices they were fetching 12 months ago, maybe it is Brexit or just a general down turn but I know of a couple of good classics that are struggling to find new owners and I suspect the prices will have to drop a bit more sadly.

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by GregMVF4 » Thu Nov 21, 2019 7:00 pm

So I guess the white one in H&H (8k miles, guided at 40-50) will be an interesting lot!
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by cannonball » Thu Nov 21, 2019 7:01 pm

GregMVF4 wrote:So I guess the white one in H&H (8k miles, guided at 40-50) will be an interesting lot!


If it does money it will be down to its mileage nothing else, its very sad
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by GregMVF4 » Fri Nov 22, 2019 9:56 am

It is Duncan - there is a very nice MKI on The Market for 29k! And that red one that’s been on eBay for a while at around 30 IIRC - only in June, that blue one at Goodwood made 30 plus premium, and it wasn’t all that! Weird - I guess it just proves the point that you should buy cars like these to love them, not to try and make a buck :0)
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by Michael Richardson » Fri Nov 22, 2019 12:11 pm

Steve. We can put thousands of things down to Brexit ! , but as far as classic cars are concerned,the problem is much more worldwide.The banks pay zilch on any funds you have,so forget them, one has to look at other ways to hopefully invest for the future. I believe the last two recessions in our marketplace were due to too much borrowed money by 'experts' who did their dough when interest rates went sky high. Therefore the market ,with rates as low as anyone has ever seen over the period since the motor car was invented,why is it depressed now ? I wish we knew the answer. There is no global recession,world war etc. There are more and more wealthy people around the world.....For cars,it will recover e ven if in 20 - 40 years time your pride and joy will join the art market,not hanging on the wall at home,but sitting in the garage for you to admire.....right now,if you are an owner,I think the best advise is,sit on your hands--wait and see.
By the way, re this thread...…...old motor trade quote----------Anyone can buy a car,you just have to put your hand up. Easy. Selling it is a different matter,that is where the skill comes in. Difficult.
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