At The Auctions

General Chat with an emphasis on BMC Minis & Other iconic cars of the 1960's. Includes information on MK1 Action days.
Post Reply
User avatar
Costafortune
Posts: 941
Joined: Thu Feb 16, 2017 10:26 am
Location: Location Location

Re: At The Auctions

Post by Costafortune »

You could still buy new Mark 1 shells in 1974 so someone did just that and built a car from it. I expect the shell was very cheap to clear them out.

scalino65
Posts: 40
Joined: Wed Aug 19, 2015 2:14 pm

Re: At The Auctions

Post by scalino65 »

I noticed this one on e bay (sorry if not teh correct thread, I can only see an e bay one that seems more about crazy prices being asked.)
https://www.ebay.co.uk/itm/CLASSIC-AUST ... 4123674566

Also this RHD (boo!) reshelled Inno
https://www.classiccarauctions.co.uk/in ... xport-1300
I really fancy an Inno 1300:)
and this 998 also at CCA:
https://www.classiccarauctions.co.uk/mini-cooper-13118

The CCA auction seems to be doing ok esp. given these strange times.

User avatar
mk1coopers
Posts: 1687
Joined: Thu Jun 24, 2010 2:14 pm

Re: At The Auctions

Post by mk1coopers »

There seems to be a little bit of a price correction going on whilst all this is happening, the question is once we come out of it will there be a massive sustained drop or will there be a short sharp drop followed by a rise if lots of people come out of this with a 'life's to short' attitude and they start buying to live their dreams.

User avatar
Pandora
Posts: 2555
Joined: Thu Jun 24, 2010 8:01 pm
Location: Dunfermline, Fife

Re: At The Auctions

Post by Pandora »

A bit of both, I think. There will be a lot of people who sadly need to liquidate some cash, and there will be some, probably fewer in number, who think 'life's too short, I'm just going to buy my dream'. I know a few of the later, but oddly all folk looking to becoming born again bikers. Weird.

On balance, it will be a buyers market, I think as those needing to sell will have to be very realistic with price expectations in a downwards competitive market. But I don't see this being necessarily long term, more of a short term adjustment to immediate cash flow needs of some

Al

User avatar
surfblue63
Posts: 4561
Joined: Wed Jan 12, 2011 9:13 pm
Location: North East

Re: At The Auctions

Post by surfblue63 »

I think it depends on how long the lockdown lasts. Already there have been a lot of half finished cars appearing on Ebay, the press reports that new car sales have slumped, so I guess there will be a lot of dealers who are not turning stock over. Some auction houses are still trying to trade by doing online sales, but with the dealers cash already tied up it is probably a good time for private buyers to get what looks like a bargain.
With no events to go to for the foreseeable then the amount of casual enthusiasts is going to drop and that lump of metal in the garage will just be getting in the way so more cars will come on the market making todays bargains look a bit expensive.
Will the market recover, a lot depends on the world economy and how many small (and medium) businesses go to the wall. I'm hanging on to what I have got for now and will start looking again in 2021 (although there's a barn find Mini Clubman coming up at an auction in June).
'ad a luv affair wiv Nina, in da back of my Cortina...

Polarsilver
Posts: 1173
Joined: Fri Jan 15, 2016 1:22 pm

Re: At The Auctions

Post by Polarsilver »

Its all going to fall downwards .. just like House Prices will :roll:
I

User avatar
trevorhp
Posts: 490
Joined: Thu Feb 17, 2011 10:38 pm
Location: Taunton Somerset UK Formerly Kingswinford
Contact:

Re: At The Auctions

Post by trevorhp »

I feel that Downwards seems unlikely:
With bank interest rates as low as they can go.
Stock markets in free fall.
Commercial property rental income nil.
Commercial property values on the High street heading down all the time, with big names walking away.
Pension funds being decimated.
Dividends certain to be suspended or decreasing.
Many Retail sales going South.
Not so many new homes being built.

Cars may seem like a good long term investment.???
"Ambition: the first step on the road to disappointment" Homer. J. Simpson
"Disappointment: the first step on the road to enlightenment" Buddha
"Enlightenment: the first step on the road to ambition" Dalai Lama

User avatar
Exminiman
Posts: 713
Joined: Tue Jan 17, 2017 8:59 am

Re: At The Auctions

Post by Exminiman »

trevorhp wrote:
Wed Apr 08, 2020 12:50 pm
I feel that Downwards seems unlikely:
Cars may seem like a good long term investment.???
Ummmmm "Long Term" may depend on the car and who will want to buy it.......look at the demographics of car forums or indeed this forum.

Its a guess, but say majority are over 50 trying to re-kindle some youth, that is a diminishing market... :|

My 22 year old Sons idea of a classic is an 1990 BMW ..... :D

66Traveller
Posts: 670
Joined: Tue Jan 24, 2012 5:47 pm

Re: At The Auctions

Post by 66Traveller »

Indeed - the same with my youngest (21 year old) daughter - a classic is a 1989 Mk2 Golf (which she has just bought!) - I suspect she views 60s and early 70s classics the way we used to look at pre-war cars...

User avatar
Exminiman
Posts: 713
Joined: Tue Jan 17, 2017 8:59 am

Re: At The Auctions

Post by Exminiman »

66Traveller wrote:
Wed Apr 08, 2020 2:55 pm
Indeed - the same with my youngest (21 year old) daughter - a classic is a 1989 Mk2 Golf (which she has just bought!) - I suspect she views 60s and early 70s classics the way we used to look at pre-war cars...
Yep, My other Son looking at a MK2 golf yesterday (MK1 is too expensive...), it was "Sick", apparently :lol: .....

Post Reply