TVJL May 18, 2011 3:33 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

It's the same car discussed earlier in this thread, of course (just in case anyone hadn't appreciated that fact). Smiling

randall977 Jun 05, 2011 6:55 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

SOLD $90,000 USD

David Jun 10, 2011 7:45 am
Subject: Re: Lagonda Rapide 61-64 Wanted

$105,300 including premium, a good investment for the vendor as he paid $18K for it in 2006. Fair value in today's market IMO

So Francis are you the new owner?

TVJL Jun 10, 2011 4:47 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

That's what I'd call good value in today's market! IIRC, the Bonhams car a year or two back made that sort of money. Since then, values appear to me to have risen and (perhaps) the car that has just sold is better than the UK car (better paint, anyway Grinning ).

randall977 Jun 11, 2011 5:52 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

Did anyone get a condition report and would the non original engine effect the value very much?

David Jun 11, 2011 6:22 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

All 4 of the high-selling auctioned Rapides (including 121 above) have now been sold by Bonhams as follows

149 (May 08 at AMWS) £84K incl (with 4.2 engine, original number)
147 (May 09 at AMWS) £75K incl (with DB5 engine)
138 (Dec 10 at Brooklands) £86.2K incl (original engine, as befits concours car)

So I wouldn't expect the "non-original" engine to affect the value much, and clearly it didn't this week; it was fitted in May 1965 by AML possibly as a warranty claim or goodwill gesture given it was owned by Babcock & Wilcox Ltd

Another car sold privately recently fetched a price of a similar order. The take-off point according to my research was around 2007. Food for thought!

randall977 Jun 12, 2011 11:11 am
Subject: Re: Lagonda Rapide 61-64 Wanted

September 2007 I bet!

TVJL Jun 12, 2011 3:32 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

Is 138 in pukka concours-winning condition? If so, that car was very cheap.

Obviously, the two of you know something (in particular) that I do not (or have forgotten) - what happened in September 2007?

randall977 Jun 12, 2011 7:17 pm
Subject: Re: Lagonda Rapide 61-64 Wanted

I may be out by a few months but I meant the start of the banking crisis and loss of confidence in property...

TVJL Jun 13, 2011 10:01 am
Subject: Re: Lagonda Rapide 61-64 Wanted

Ah, I see. Well, as you will know, if there was a consequential dip in classic car values it was very short lived. For at least 18 months now, values have shot up, of course - the received wisdom is that cash converted into cars / art / wine etc. almost guarantees a better return than most investments AND it's much safer. Plus, of course, you can drive the cars. Grinning