bryan wrote: ↑Fri Sep 22, 2023 4:05 pm
Anybody know anything about this one, other than its shell looks like its been well filleted before lots of new panels have been let in to rebuild the it.
Looks a nice one on the face of it https://www.historics.co.uk/buying/auct ... mk-ii-mrp/#
"Work carried out to the highest standard" "A matching set of Camac tyres". Two sentences seldom placed together
Tyres aside, that looks a decent car. Nice to see one with Hydrolastic retained too. Quite a fan of the Mk2.
Probably just auction bull**** blurb but interesting that it had a full nut and bolt restoration in or around 2015 and after purchase of the freshly restored car in 2017 it had a full engine rebuild and a refresh of the hydrolastic suspension . Doesn’t sound nut and bolt to me.
As for the Camacs .. they’d be the first to go !!
Very nice car though, just a shame the auction houses don’t actually read what they put in the blurb !!
bryan wrote: ↑Fri Sep 22, 2023 4:05 pm
Anybody know anything about this one, other than its shell looks like its been well filleted before lots of new panels have been let in to rebuild the it.
Looks a nice one on the face of it https://www.historics.co.uk/buying/auct ... mk-ii-mrp/#
I’ve not seen one of those steering wheel centres before!
bryan wrote: ↑Fri Sep 22, 2023 4:05 pm
Anybody know anything about this one, other than its shell looks like its been well filleted before lots of new panels have been let in to rebuild the it.
Looks a nice one on the face of it https://www.historics.co.uk/buying/auct ... mk-ii-mrp/#
Absolutely miles out with that estimate though, really nice restored Mk2 Ss are about ten grand less than that estimate nowadays.
Non of the Cooper S’s sold at todays Historics auction.
Huge number of unsold lots in general, as there were at H&H’s Duxford sale last week.
I don’t thing sellers (and auction houses) have clocked what classic cars will actually realise just now. Interest rates finally catching up with asset values I guess amongst a lot of other factors.
bryan wrote: ↑Sat Sep 23, 2023 7:48 pm
Non of the Cooper S’s sold at todays Historics auction.
Huge number of unsold lots in general, as there were at H&H’s Duxford sale last week.
I don’t thing sellers (and auction houses) have clocked what classic cars will actually realise just now. Interest rates finally catching up with asset values I guess amongst a lot of other factors.
Just had a quick look at that online. The unsold white Mk2 S was bid quite fairly when you include the commission £26K (plus 10% plus vat) makes it nearly £30k which is a good price now for a Mk2 S, the similar unsold Almond Green car with the wheel arches on hit £30k plus commission = £33,600 which I think is pretty good! The dark green Mk2S rally car did about £19k inc commission which was a pretty fair price for a car made from parts with no factory chassis number and the OEW Mk1 S from JD hit high 30s which they must be disappointed with but that’s the market now. If id have been any of the Mk2 owners I’d have taken those bids! Of course the commission kills the deal for the seller but weirdly buyers prefer to pay more at an auction than they’d pay at private sale, all private sellers seem to get are low ball offers and messed about. It’s just one of the odd things about selling a car!
All good observations Pete.
I completely agree the cars were fairly bid up to todays lower market values, but the sellers are not accepting where the markets at with Cooper S’s (and many other 60’s and 70’s classics).
I guess the auctioneers want their business and don’t want to “disabuse” the sellers of their market value perceptions of their pride and joy.
I fully agree too that auction houses don’t add much value.
As a buyer, you can’t road test the car or even more important, have the chance to talk to the seller about the car.
Private sales should be better for all, but I guess sellers just don’t want to be arsed with Joe Public and risk being messed about.
When looking at auctioning an old car I was confidently told it would make £35k plus by three auctioneers. They each also said I should have no reserve to encourage bids.
If I had listened to them I would had to give the car away for £20k without a leg to stand on.
Ps except Matthewsons, they were totally upfront and bang on the money.
Buying a car observations, I would rather buy private as you start high and go lower, but at auction , start low and end up high then kicked in the balls with commission + VAT. If selling at action to get a good price and Ring the Bell you only need two strong buyers or one and a good auctioneer to take it up. It’s all on the day but markets do peaks and troughs.
