Classic cars forum & vehicle restoration.

[clan chieftain]

How do you put a value on a car.....Obviously the condition and the rarity or is it the seller.
On ebay at the moment an SS100 ok its very rare and in some nick...but a starting bid of £125,000, would you pay that amount.
Also RS Mk2 Escorts....some are making £25,000..
Early minis are making crazy amounts of money
£10,000 for a Cresta....ok its a nice motor......but £10,000.
Maybe its a bit of jealousy on my part as I am at the coos end of the market and lets face it most of these cars that are making crazy money were rust buckets in their day. Cortinas..Escorts..E types..Stags..Vauxhalls...the list goes on and on. So where does the value come in....
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The Clan Chieftain

[lowdrag]

It's all down to how badly someone wants it I guess. I'm reading through Motor Sport magazines from the 50's and 60's and even then they were bemoaning the outrageous prices cars fetch. I'm in a similar quandary, since having built a lost Jaguar I am scratching my head as to its value which must be somewhere between zero and infinity (being the only example in the world) so I've settled for the build cost, but frankly would be surprised if it achieved that. There again, asking prices are nothing like achieved prices - follow the auction trail and you'll see cars coming around for the third or fourth time with lower and lower reserves. When I see cars like the Mk 1 Gti Golf though with prices of £25,000 my eyes do pop!

[Rick]

As lowdrag says, desirability is key - some cars may be rare, but no-one wants them, whereas others may be more common but appeal to many more people, and therefore more potential buyers.

Commonly-found cars are fairly easy to value based on how similar models sell, but oddballs are really a "finger in the air" job. I've no idea how I'll value my old truck when its finished - it has history going back to 1940, and has a fairly illustrious postwar story to tell also. I've seen other vehicles of a similar use sell for all manner of prices, but who's to say what the demand for it would be unless I put it up for auction (which won't be happening!). Whereas valuing the Cambridge for instance would be quite easy.

R
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[peter scott]

[clan chieftain]

Hi Peter..............Did you see the genuine SS1 convertible at the Selkirk show. It was also at the indoor one at Ingliston a few years ago. I spoke to the chap on its value as my dad had the SS1 Airline saloon some 40 years ago. He reckoned his Airline convertible was worth in the region of £90,000. So is it worth more than a Model T or a crazy price for a Mk1 Escort Mexico. I would have the SS1 any day if I was parting with that kind of money.
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The Clan Chieftain

[peter scott]

Hi Larry,

Unfortunately I didn't make it to Selkirk last year. Was it the brown and cream SS1?

It is true that some of these old SSs do sell for silly money. The situation has also become even more extreme recently. I think folk with spare cash are not attracted by bank accounts giving tiny interest and whilst the stock market has been booming in the last six months it can be more exciting dealing in old cars.

There have been one or two exceptional auction sales in the last six months where old Jaguars have fetched perhaps 50 to 100% more than would have been generally expected and this appears to have caused more cars to come out of hiding with hopeful prices on them.

e.g. http://www.carandclassic.co.uk/car/C129870/

c.f. 1½ litre that a friend and I sold on eBay 3 years ago for £8300.


Peter
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http://www.nostalgiatech.co.uk
1939 SS Jaguar 2 1/2 litre saloon

[clan chieftain]

Yes it was the brown and creme one..........lovely motor.
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The Clan Chieftain