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Mar 29, 2012 7:59 am
Mar 29, 2012 7:59 am
Subject: Re: DB 3-Litre
Hi Simon,
This is just my personal impression...
Current values of these cars (all models) are still quite tricky to assess. Until recently, all of them - including the DHCs - were worth very little in relative terms unless in top-notch condition.
Now, things have changed. The market has woken up to the fact that these cars have been hugely undervalued historically. Having said that, I think that there are still bargains to be had - principally because this news hasn't yet filtered through to some (otherwise) educated traders. But, this happy state of affairs won't continue for much longer, in my estimation - weeks and months rather than years.
So, values...
Basket cases, where the wreck has been savaged, can still be picked up for a few hundred pounds (as we have discussed elsewhere).
Complete good projects that are not roadworthy are probably worth, say, circa £12-20k for 2 and 4 door saloons and £15-22k for DHCs.
Roadworthy projects (those that I refer to as rolling restorations) are the most sought after cars. They used to be relatively easy to find, principally because the cars are expensive to restore properly and values kept such activity to a minimum. Current values are perhaps the most difficult to assess in respect of this category of car. I think that 2 and 4 door saloons are, perhaps, worth in the region of £20-30k (with a few thousand more for the Mark 2 cars). An untidy but good usable DHC in unmolested condition is probably worth £25-40k. You're real problem will be finding one. It is also my impression that the market is strong (i.e. people are looking actively) and values continue to rise.
Values rise sharply with the last category. Very good cars do come on the market fairly regularly these days (albeit that there are not many of them overall, for the obvious reason of rarity to begin with) and are now making good money. For example, at last year's NP Bonhams auction a pretty 2 door saloon made (IIRC) circa £48k (with buyers' premium). This year, I'd add 10-15% for the same car. It was not perfect (paint average, items of trim (interior/exterior) either missing or wrong materials used, and few mechanical parts missing) but was otherwise in a nice 'restored' condition. On-line, you can find restored/good/very good 3 litre 2 door and 4 door / Mark 2 saloons for all sorts of sum - the bracket of asking price seems to be wide - circa £50-80k+ (though, what sums are actually achieved is more difficult to ascertain).
Sorry this is all a bit vague but I hope it helps in some way.
Regards,
Tim
Hi Simon,
This is just my personal impression...
Current values of these cars (all models) are still quite tricky to assess. Until recently, all of them - including the DHCs - were worth very little in relative terms unless in top-notch condition.
Now, things have changed. The market has woken up to the fact that these cars have been hugely undervalued historically. Having said that, I think that there are still bargains to be had - principally because this news hasn't yet filtered through to some (otherwise) educated traders. But, this happy state of affairs won't continue for much longer, in my estimation - weeks and months rather than years.
So, values...
Basket cases, where the wreck has been savaged, can still be picked up for a few hundred pounds (as we have discussed elsewhere).
Complete good projects that are not roadworthy are probably worth, say, circa £12-20k for 2 and 4 door saloons and £15-22k for DHCs.
Roadworthy projects (those that I refer to as rolling restorations) are the most sought after cars. They used to be relatively easy to find, principally because the cars are expensive to restore properly and values kept such activity to a minimum. Current values are perhaps the most difficult to assess in respect of this category of car. I think that 2 and 4 door saloons are, perhaps, worth in the region of £20-30k (with a few thousand more for the Mark 2 cars). An untidy but good usable DHC in unmolested condition is probably worth £25-40k. You're real problem will be finding one. It is also my impression that the market is strong (i.e. people are looking actively) and values continue to rise.
Values rise sharply with the last category. Very good cars do come on the market fairly regularly these days (albeit that there are not many of them overall, for the obvious reason of rarity to begin with) and are now making good money. For example, at last year's NP Bonhams auction a pretty 2 door saloon made (IIRC) circa £48k (with buyers' premium). This year, I'd add 10-15% for the same car. It was not perfect (paint average, items of trim (interior/exterior) either missing or wrong materials used, and few mechanical parts missing) but was otherwise in a nice 'restored' condition. On-line, you can find restored/good/very good 3 litre 2 door and 4 door / Mark 2 saloons for all sorts of sum - the bracket of asking price seems to be wide - circa £50-80k+ (though, what sums are actually achieved is more difficult to ascertain).
Sorry this is all a bit vague but I hope it helps in some way.
Regards,
Tim