The Bonham's Auction Prices and True Value of our Cars ?

[Clive Sherriff]

Steve, You say that >> still way, way above market value Well, that's one argument Steve, but market price is set by two factors. One certainly is what the buyer will pay, but rarely does the buyer not have a few more pounds or dollars, that he's not admitting to, in his reserves. The other is what the seller will sell for. I would argue that for far too long the TABCDF has been grossly undersold by it's owners, who seem to have a puritanical and personal financial form of death wish that their cars do not (and should not!) warrant any real value, despite the huge costs today of maintaining one and of restoring one. One would be hard pushed to do a REAL top professional restoration these days for less than near 60,000 UK Pounds these days, as parts prices and labour costs progressively increase, so why do we sell so cheaply and devalue our cars? CliveOxford, UK M mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm [img]https://ec.yimg.com/ec?url=https%3A%2F%2Fipmcdn.avast.com%2Fimages%2Ficons%2Ficon-envelope-tick-round-orange-animated-no-repeat-v1.gif&t=1536251985&sig=WnwXgFn093HdYXZwc73o8w--~D[/img] Virus-free. www.avast.com

[Steve S]

The way I see it, market value is what people are willing to pay. With the exception of this TC and the Shelby TC which sold for $240K, nice TCs sell for $30-40K. Maybe $45K for an exceptional one. There are really nice cars out there priced higher, but they generally don't sell for as much as they cost to have restored. So by "market value" I mean what you could actually get for it in a normal market right now. In a private sale, the car above probably wouldn't have sold for half of what it did at that auction. The rich guys at those things tend to applaud when a car sells for a lot of money. Kind of depressing to me, seeing the end of normal guys like us getting to buy these cars and enjoy them. We're lucky to have bought in when they were cheap. Our kids won't be so lucky and most will end up with rolling computers with no soul. With prices over $100K, we certainly wouldn't have this community since there is no need to discuss maintenance and improvements when the cars are never driven. Just my 2 cents of course. - Steve Simmons, TC8975 On 9/2/2018 1:58 AM, CLIVE SHERRIFF wrote:

Steve, You say that >> still way, way above market value Well, that's one argument Steve, but market price is set by two factors. One certainly is what the buyer will pay, but rarely does the buyer not have a few more pounds or dollars, that he's not admitting to, in his reserves. The other is what the seller will sell for. I would argue that for far too long the TABCDF has been grossly undersold by it's owners, who seem to have a puritanical and personal financial form of death wish that their cars do not (and should not!) warrant any real value, despite the huge costs today of maintaining one and of restoring one. One would be hard pushed to do a REAL top professional restoration these days for less than near 60,000 UK Pounds these days, as parts prices and labour costs progressively increase, so why do we sell so cheaply and devalue our cars? Clive Oxford, UK M mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm [img]https://ec.yimg.com/ec?url=https%3A%2F%2Fipmcdn.avast.com%2Fimages%2Ficons%2Ficon-envelope-tick-round-orange-animated-no-repeat-v1.gif&t=1536251994&sig=lQf9RqDu.hQ2lpsnQkVCkA--~D[/img] Virus-free. www.avast.com