At The Auctions

General Chat with an emphasis on BMC Minis & Other iconic cars of the 1960's. Includes information on MK1 Action days.
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mk1
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Re: At The Auctions

Post by mk1 »

I reckon ALL prices are softening at the moment. A car has to be really exceptional to make really serious money.
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surfblue63
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Re: At The Auctions

Post by surfblue63 »

surfblue63 wrote: Mon Nov 15, 2021 10:55 am One for fans of 1980's excess, a Tickford Metro with an interesting history at H&H. However, is it worth £40,000?

https://www.handh.co.uk/auction/lot/lot ... 8&pn=2&g=1

Well it only got to £28,000, even at that I think it is too much.
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Pete
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Re: At The Auctions

Post by Pete »

surfblue63 wrote: Wed Nov 17, 2021 4:34 pm But a Mk1 Cooper would probably have got to £25,000. I did notice that the Mk2 has lost it's hydro, so not totally original spec, but still. And then there's the way 1275GTs have gone, but the MK2 is still not going into the £20k bracket unless it is an exceptional example.
I think Mk2 998 Coopers tend to be cheaper than Mk1s because they not only share a pretty ordinary engine but also feature a pretty plain interior. Bottom rung for Cooper ownership I think. A tastefully modded Mk1 850 would easily fetch the same money if not more!
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Exminiman
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Re: At The Auctions

Post by Exminiman »

Pete wrote: Wed Nov 17, 2021 11:43 pm
surfblue63 wrote: Wed Nov 17, 2021 4:34 pm But a Mk1 Cooper would probably have got to £25,000. I did notice that the Mk2 has lost it's hydro, so not totally original spec, but still. And then there's the way 1275GTs have gone, but the MK2 is still not going into the £20k bracket unless it is an exceptional example.
A tastefully modded Mk1 850 would easily fetch the same money if not more!
Definitely something about a modded 850 that is special, especially if it has been modded a while and has a patina... maybe its just brings back youthful memories ? :D
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snoopy64
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Re: At The Auctions

Post by snoopy64 »

Even though I’m a MK2 owner and proud to be so, I agree with Pete that MK1 are just seen to be more desirable, unfortunately some MK2 parts are as rare as glass washer bottles.. just not as expensive :D
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woodypup59
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Re: At The Auctions

Post by woodypup59 »

The auction houses are getting greedy too. The H&H auction at Duxford charged 5% sellers fee, and 12.5% buyers fees - both plus VAT.

If you had bought that Copper for £15k, the fees would add on nearly another £3k.

Looking at the results, that Mk2 Cooper was one of the cars that did not ultimately sell. I did notice that many didn't reach the estimate / reserve but subsequently sold, so a few deals were done after the hammer.
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surfblue63
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Re: At The Auctions

Post by surfblue63 »

I watched a bit of the sale live and noticed that most of the estimates were below the reserve price, with many lots reaching the lower estimate but still being sold provisionally. Only when a lot reached the higher estimate was it sold on the hammer.

And auction houses of all types have become more and more greedy, most non-automotive houses charging 20% or more, plus VAT, to buyers.
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Re: At The Auctions

Post by 66Traveller »

woodypup59 wrote: Thu Nov 18, 2021 10:38 am The auction houses are getting greedy too. The H&H auction at Duxford charged 5% sellers fee, and 12.5% buyers fees - both plus VAT.

If you had bought that Copper for £15k, the fees would add on nearly another £3k.

Looking at the results, that Mk2 Cooper was one of the cars that did not ultimately sell. I did notice that many didn't reach the estimate / reserve but subsequently sold, so a few deals were done after the hammer.
The Mk2 was a nice car (despite no hydro and wrong speedo) - its just who is going to pay £18K plus buyer's commission ? I suspect the £15K top bid factored this in...
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Costafortune
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Re: At The Auctions

Post by Costafortune »

Who is paying that for a car they cannot drive first? Not me.

£18k and then you find it smokes like a chimney and only has three working gears.
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Pete
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Re: At The Auctions

Post by Pete »

The seller should have just made up a story that John Cooper personally owned it and drove it around for two years. Instant 50% value increase. Kerching. You’re welcome.
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