MadaboutKitcars

Probably worth pointing out , that , technically - as long as fair play is in attendance , it takes two to not only tango but to achieve a price in an Auction ..therefore there must have been at least two people prepared to pay that amount ...

Classic car prices are rising , often don't make sense depending on various results and vary considerably ...It is a factor of this that has resulted in replica or tribute styled cars to follow on their shirt tails ...many classic cars at auction have faults at point of sale ...these cars are based on the same donor parts ..so will have similar properties ...

I think it was a little high , personally ...but not for me to speculate on ...compared to Toweds it was a bargain ...but I felt that was a lucky sale too ...


They are worth what they sell for at the end of the day ......the way they are marketed and the intended audience would definitely be a factor in final price achieved ..

Indeed, an auctioneer who I know well says that the underbidder is the most important person as it is they who set the hammer price.

She concedes that a reserve plays a part, but if an item doesn't sell, then the reserve was too high for that lot on that day.

This car sold, ergo it was worth hammer plus commission to whomever bid on that day at that time. Whether that is more or less than the seller had hoped for is irrelevant...rather like the point that rochdaleGT was trying to make.

Looking at this with a more open mind (rochdaleGT, that's a hint), many objects have a monetary value that is greater than the sum of their component parts. This is because they can bring pleasure, happiness and joy (rochdaleGT, you may wish to consult a dictionary). These feelings are beyond value, so if the new owner experiences any of them, he has himself a bargain.

Go on, rochdaleGT, make us all happy; put a monetary value on joy.

Oxford - You took the words right out of my mouth.

If you follow the link in Post #21 above, you will see a dedicated car/bike scene in Hong Kong.

Lots of cars, worth lost of money, but only one Miglia and nothing else even close.

So, in the words of Mastercard…

”Standing out from the crowd, priceless.”

Prices are what prices are, if you want it you want it

Micky gotta say I love your car - looks spot on!

Nothing to do with me, being sold by someone calling themselves 'davecymru'...

https://www.ebay.co.uk/itm/1950s-Mille-Miglia-inspired-hand-built-Sports-car-Lancia-D24-D25-Maserati/302812247897?hash=item4681043759:g:svgAAOSwg5VbUgIG

Looks to be a very nice example indeed that would be a bargain for someone at the start price.

Mr T – Good spot and it looks like Dave has adopted your style of prose for the ad.

I enjoyed reading both of Dave’s build threads and I wish him well with the sale, Paul.

Oo, another opportunity for rochdaleGT to have his thruppence ha'penny worth. Where's the popcorn?

Cheers gents.

It is indeed my car up for sale as I've come to the sad conclusion that i'm using it less and less due to work and other commitments and it was killing me to see it just sat there in the garage!

As for the whole price debate that seems to have been raging on here while I've been away, well... as my dad used to say "something is only worth what someone is willing to pay for it", so we shall have to wait and see.

But i've looked at what over cars have gone for, coupled with what my Sammio went for and how much more advanced this car is and i think I've set an honest and very reasonable starting price. Internet types can debate this as much as they want - tbh, i don't care what they have to say!

As to what project comes next, we shall have to wait and see. But the Formosa does look very nice

That seems a fair price to me,

Good luck with the sale, I echo the thoughts regarding the Formosa it does look good value for money and seeing the problems that Yorkshireman is having with the new Sammio even more so.

A friend of mine is a builder of houses. He assembles a pile of bricks, some wood and plasterboard along with some finishing off bits and pieces and he has become an extremely wealthy man !
If you have the skills you have a valuable asset and there are plenty of people with plenty of money to spend out there.
The classic car scene is no exception, our skills as builders are highly sought after whether you accept that or not !

Well said, nail hit firmly on the head.

It's certainly a bargain compared to this!

https://m.carandclassic.co.uk/car/C1010483

I'm always trawling for cars and to me, it looks like the market has slowed down. Nubodi's red coupe demo is on at 29k - looks well and has full interior but donor choice might stiffle it. Imho

Ouch, the "Make" is listed as "Ferrari" in the footer details.

No , the paint job of the helmet is great. I reckon it must be the editing effect🧐

We pay 120% tax over here for expensive car. And you need to line up even you are eager to pay some of the sort-after models. By paying so much tax, HK is one of the cheapest place to get a second hand Ferrari cause the Rich will not buy old models or second hand and the normal John won’t be able to afford the running cost. Plus the cheapest parking space is GBP$100k to buy.

I am more than happy to pay the premium and enjoy it. The miglia engine/exhausts sound better than my other cars

BTW, my first ever car was a Triumph TR7.
I reckon most of us over here are not too rational anyway when you are into classic and kit cars

there is 1 car sold totally overpriced aborad and now the community thinks to replicate this again by advertizing their cars for a high price.


you need to keep in mind: its still a triumph spitfire, with all its pro´s and con´s...nothing quick, nothing track orientated, rear suspension a bit "vague" , the "kit" supplier has no real historic related history....there is no historic value at all with those cars.....so why should i pay so much money?

at the end of the day, to be honest, those kits only exist to "bypass" IVA test.....to make it a cheap kit for the homebuilder to overcome latest registration-laws.

this said: the body-shape and design is great.....such a body on a spaceframe chassis (aka Locost) with the typcal seven-ish live-axle or even an IRS, in combination with a well tuned x/flow engine (for the oldschool guys) or a zetec-engine (for the modern guys) would be a great thing.

unfortunately such a car would need to pass IVA

Enjoyed your positive contribution as always, but like most of your previous posts, you are wrong. You are nothing but consistent.

If you followed this forum with any rigour, you would know that someone on here has taken a correctly registered Locost that has passed IVA, and rebodied it perfectly legally. Bad luck, mate.

Everyone on this forum understands that it is a stressful time for you and we are all hoping that you get the GCSE results that you deserve. Just think, another couple of years and you will be allowed to drink in a pub.

The rebody scene will continue to do well thanks to the understanding of the powers that be making allowances for such conversions. A rebody of an existing car that is correctly registered, Mot'd etc is a completely different concept to a traditional, home built, from the ground up kit car that has to be checked over for compliance at an IVA test. A rebody can be fitted to a regular production car or to an existing kit car if such a kit is available for you. As long as the kit is correctly registered the same rules apply.

Why should anyone take the time and trouble to reply to you at all?

As you have ignored those who pointed out the flaws in the logic of your last post (1st July).

Namely, given how auctions work, at least two people thought it was worth a lot more than the guide price.

Note: I have no inside knowledge as to whether the other/losing bidder was local, UK based, or overseas.

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But in the spirit of good will…



Simply put, if you wanted to buy that car, in that auction, on that day, then that was the price it took to buy it.

The good news is that you are not forced to buy any car at any time.

So feel free to wait for what that you consider to be the ‘right’ car to turn up at the “right’ price.

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However, if you really do not like this style of car, why do you actually care what they sell for?

There are lots of things for sale that I am not interested in, selling for more money than I would pay.

But I wouldn’t join a forum associated with these things just to point out I think they are overpriced?

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If this is what you actually think, then it is no wonder that you don’t understand the market.

These kits exist to provide a chance to drive something special for a faction of the price of an ‘original’.

The fact that these kits follow the letter of the UK law and therefore don’t require IVA is a bonus.

They don’t exist to bypass IVA, as you can’t bypass something you are not required to do in the first place.

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Don’t forget that Mister Towed sold his Herald based Sammio Spyder, in the UK, for over £18,500.



Apparently, this is just a fraction of the new owner’s car collection, clearly worth a significant sum of money.

I’m sure he wasn’t forced to buy the car, therefore he paid what he thought was a fair price, for a unique car.

So why should your opinion on these cars’ value count for more that this car collector’s opinion?

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I still have a last few “To Do” list jobs on my car (e.g. add alloy panels to the cockpit interior).



Yet my insurance company have just allowed an agreed value of £15,000 based on its condition today.

My insurance company caters for the specialist car market and knows the difference between fair and overpriced valuations.

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The whole point is that your car looks like it has historic value.

How much do you think this guy thought my car was actually worth?

https://youtu.be/eLS-QQwL5ss

Now, you could point out that the Black Taxi ahead of me was worth more money than my car.

And you would be both factually correct and completely missing the point at the same time.

Cheers, Paul.

Can't help but chip in to agree with Oxford, Lucky and Paul. Why is anything worth anything more than the cost of its basic materials?

I mean, why would anybody in their right mind pay thirty five million pounds for an 'average' house in Kensington Palace Gardens, West London, when the cost of materials and labour to build even the most impressive house in the street would be unlikely to exceed £500k?

https://www.independent.co.uk/news/business/news/uk-most-expensive-street-kensington-palace-gardens-london-house-price-average-35-million-a7978451.html

And you must be insane to pay $450,000,000 (yes, four hundred and fifty million U.S. dollars) for an old painting of a long dead religious leader (who appears to be sponsored by Camelot, 'it could be you...'), when Leonardo reused an old canvas he'd had kicking around his studio for years and spent about five Soldinos (tuppence ha'penny) on paint.

https://edition.cnn.com/style/article/record-breaking-da-vinci-painting-abu-dhabi-louvre/index.html

Then back to rebody/homages/Tributes/copies of classic cars. The Lynx D Type is a rebody that uses an E Type Jag as a donor.

https://petrolicious.com/articles/this-jaguar-d-type-lynx-recreation-is-my-personal-dream-car

Okay, it's a high quality recreation and E Types are valuable classics in their own right, but I'm pretty sure Lynx don't use concourse quality cars as donors, but worn out and unloved examples in need of refurbishment and a new lease of life.

So that means that Lynx are in exactly the same category as those of us who have built Sammios, Miglias, Tributes, etc. out of old Spitfires, Heralds, Vitesses, MX5's and Z3's.

And the prices that Lynx D Types and XKSS's achieve at auction or by private treaty?

Well, in 2010 a Lynx XKSS sold for £43,000 and that was thought by some to be a lot of money for a recreation.

In 2016 one of their D Types sold for £157,500 and that was thought by some to be a lot of money for a recreation.

http://www.silverstoneauctions.com/1962-longnose-d-type-by-lynx

And today? Well, last month there was a Lynx D Type advertised in the back of Octane magazine for £330,000. Rochdale, I guess you think that's an awful lot of money for a rebody. I'm pretty sure there are people out there with deeper pockets than you (or I) who disagree and it will find a buyer at that price.

These cars, even our rebodies on humble old Triumphs, Mazdas and American built BMW's, are desirable cars in their own right. They bring joy to their builders, those who subsequently drive them and those who see them drive past.

The cash value people put on that depends on their bank balance, but there's no shortage of people who have the funds to buy a car that makes them smile but don't have the skills or time to build one themselves.

My car (the silver Spyder above) sold within a month of advertising it.

I initially turned down offers of £17k and £18.5k from a UK buyer. I turned down 20,000 Euros from two different European classic car dealers, who were both still negotiating with me when I was offered the asking price less the cost of a transporter to deliver it to one of the buyer's classic storage facilities.

Which means these cars are both desirable and will cost what you consider an awful lot of money to buy one.

So, Rochdale, how about you start a build of your own and show us what you think a decent home built kit car looks like?

Markets

There are tens of thousands of people around the world who buy, store and sell gold coins. Some do it for the bullion value, others see other values such as mint condition, complete sets, rare coins.

The collector who only sees bullion value would not pay much more than £193 for a gold sovereign, and there are plenty of coins of suitable condition. Those who want to have only pristine coins will pay up to £237 for what is essentially the same bullion value. Neither groups of buyers are wrong, or deluded.

The cost of building one of the triumph based re-bodies to a good standard probably totals about the same as it would to restore the original car to a very good standard. In the market place however, one is a "special" and the other is just another good example of relatively plentiful models.Different collectors or buyers will have their own criteria of what they are seeking, and what they find attractive.

The essence of these points have been stated and re-stated plenty of times, but there is only one person who does not seem able, or refuses to see the validity of the arguments that are supported by real world examples. This would suggest that RochdaleGT is either an ignoramus or a troll, or both. My recommendation is that they research this link, then follow the instructions.
https://www.someecards.com/usercards/viewcard/MjAxMi0yMDEwMzEwMDk1ZmM4OTcw/

Just checked the ad in Octane and the Lynx D Type is actually advertised for 'only' £295,000 so £35k less than I thought (website says POA). That's about an 80% mark-up over a fully restored E Type they also have at £160,000 with the only real difference between them being the rebody.

http://ckl.co.uk/car-sales/

Should also have mentioned that only an offer within a few hundred pounds of the asking price was going to make me part with my Spyder as I would rather have kept enjoying it than given it away for less than its true value.

I also gave the new owner a written, no-strings guarantee that he could return the car to me in the same condition within one month of taking ownership and I would pay him back the full price received, I was genuinely that sad to see it go -



So, Rochdale, I'm not going to enter into a slag-fest, but I would like to see what you can build as this is a forum for dedicated build it yourself 'special' car nuts, not trolls who just want to criticise others' proud achievements.

+1

Regards, Mick

Sorry to create a lot of noise over here but I guess it’s still a good thing at the end of the day where lads could express their own point of view. We only live once so just feel free to enjoy whatever we think is worthwhile. Brought the car out with another kit car and all the chaps were happy. No one even bother other normal vehicles like GT3 Touring manual, GT3RS, GT3 manual, Merc SLS. ������