Are exceptional 4 pots pushing the price brackets?

P

p6baseunit

Member
There is a trend here this summer and I am sure some of your will disagree but... are 4 pots that are in exceptional condition pushing the price brackets?
It used to be, not so long ago that £2K bought you a really nice condition 2000/2200... now that price seems to be nearer £5K or more.

For example;

http://www.ebay.co.uk/itm/1967-ROVE...OKOzutjhANh46797LckDw%3D&orig_cvip=true&rt=nc - This made £5400 earlier today in bidding but DIDN'T meet the reserve - 2000 Auto

http://www.ebay.co.uk/itm/1969-P6-R...d=100033&prg=10634&rk=4&rkt=4&sd=321517542962 - This was sold within 4 days and actually went for more, as the passenger doors were resprayed (at new owner's cost) before the new owner gets it - I know this as it was my old car and before you ask, it sold very close to the asking price.

http://www.ebay.co.uk/itm/BREATHTAK...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 - Low mileage 2000 auto that sold for £11500

http://www.ebay.co.uk/itm/141398132292?_trksid=p2060778.m1438.l2649&ssPageName=STRK:MEBIDX:IT - This series 1 with a 2200tc engine found a new owner in less than a week at £4995
 
Seems a fair reflection to me. Given the restoration cost of either the 4 or 8 cylinder are the same give or take, excellent examples of the 4 pots should always have fetched more money. It could be the better economy (of the 4-pot manual at least) is increasing in appeal too.

I'd be tempted by an exceptional 4-cyl over a "useable" V8, especially if I loved classics and had limited time and facilities.
 
Think about is his way also. £2k? That's good interior, set of chrome, rostyles and £200 worth of metal. The car would have been free.
 
Seemingly a really good four pot now goes for either side of £5k. Real concours level vehicles will be ahead of that.

The 2000 with the (beautifully fitted and done) 2200TC engine sold in three days and I could have sold it twice at least.

That said - all the cars I've sold for various people this year have been pretty exceptional, barring the tatty, but still loveable Sage Green car I sold a little while ago for just over £2k. Even that car would have been about £1200 a few years ago.
 
It seems that good examples of most classics are escalating at the moment and that could be for a number of reasons...

I think firstly it is down to the fact the people want a road-ready car straight away and restoration costs are getting more and more expensive as time goes by so the wise money gets spent on a car that needs very little doing to it in the first place!

Next we have the market being pushed by dealers trying to sell cars for more than what they're really worth. There have been some exceptional P6's out there recently that really have been worth the money asked for them but there have been one or two that have been a tad dubious...!

Another thing we can link to the prices rising is that when the price bracket for one car goes up and becomes out of reach for some people other cars below that will follow as they become more in demand. The P6 has been sitting at the bottom of the pack for far too long and now people appreciate just what good cars that they really the prices are going up accordingly...

Price rises are happening throughout the classic car market at the moment so it is only natural to see the prices of P6's rise. I just hope that the rise is justified with good ones being sold for a fair price and the dregs staying at the level they should do rather than having chancers try and palm them off as something that they're not!!!

I also hope that I can still afford a nice P6 in the next year to 18 months...!!!!!!
 
Hi its about time. When you factor in restoration cost and time. As said above paying 5k for a good one makes sense.
I know i spent a lot on rosie and i could have purchased a good unwelded for the same money.
Which is what i did before prices rocketed.
Marcus
 
There's perhaps another factor too. In the past most people had some car maintenance skills. I remember my grandfather's work bench and him grinding valves with paste - he didn't even have a garage, he removed the head in the road and took it inside!

How many of the general public under 50 can do this (I'm 43 BTW and I know most people here can do this)? This shifts the economic of older cars right away and makes a "good" car all the more important if you fancy a classic for the weekend. Really if I had my sensible hat on I should have done this even with my V8. I'm a bit constrained by workshop facilities currently and paying £80 an hour is no fun at all (OK in the UK you are looking more like £50ish)

However this is a win-win really because for those with the skills and enthusiasm it makes a couple of hundred quids worth of parts and a little welding all the more economic as a project on an otherwise parts car. We are very lucky having those handful of well known suppliers which give generally great service. This can only continue if a critical mass of P6s are still on the road, there aren't enough good/excellent examples so many lesser, ordinary examples need to be viable.
 
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