Estimates are generally based on the reserve set, which is down to the sellers ambitions. As I said at the end I think sellers need to recalibrate their expectations. Its a buyers market at the moment.
Caused by greedy people watching TV shows and thinking their cars are worth the same money Also far too many cars have been messed about with and not original or have had poor repairs carried out
That's *exactly* why I bought my Royce. It's the best fun I get with my clothes on and fulfillment of a childhood dream when my Dad only bought many Jaguars with a sole short exception when he needed an estate. The money I spend on my Silver Spur (and filling it up) is just the membership fee.
The 1987 BMW is a great buy, back in 1987 BMW used to build cars employing skilled workers but now they are assembled by unskilled workers from bits that snap togethe like a Lego kit.
Very interesting video Trev. IMHO it would be better if the auctioneer remembered that it doesn't matter where you start, it's where you finish that matters.
As a previous owner of one, hearing an MG Maestro described as “a nice little car” made me smile. I was actually sad when an attempt to steal mine was thwarted. Worst car I ever had, felt like it had been made up from leftovers and bolted together in a shed 😁
I test drove an MG Montego Turbo back in the day. Everything in that car rattled and squeaked. It was truly nasty. I got back into my MK2 Cavalier and felt I was in a much better place. I now drive a 1972 Hillman Avenger.
Makes me laugh when you see all the extremely average condition sapphire cosworths for sale on eBay etc for 30k plus, I’ve seen some very original low miles cars sell recently through auctions for below 20k there are some lovely cars out there for reasonable money at the moment, that MK2 Jag was beautiful and a bargain
Thank you for being you. What a wonderful walk-through the auction houses of our cars coming up. The most important thing is to get the use of the day to appreciate the keeping of history. In all aspects. I know we have lemons and we have garage. Queens. I have one. It’s a B.M.W, regards Alan from down under cheers bud
The classic car market for the lower prices has been cooling for a year or so. There is always something not in the favour of the vehicle that stops it from making good money, Example BMW is Automatic, if it was manual I believe it would fetch better money. The average person has other stuff to worry about in the current economy. Auctions might be stretching the prices just to get the stock. Volvo C70 basically a ford with a different body, and if the roof goes wrong massive money.
You could be right on the C70, there was a 207CC there as well that didn't sell (not really at the right auction IMHO). Maybe classic buyers are being cautious and waiting for the right car to come along?
@@oscarsgarage447 Ford bought Volvo in 1999 and owned them for ten years, along with Jaguar, Land Rover, and Aston Martin. C70, S40, and V50 all used the same platform as the for Focus, and Volvo’s iconic 5 cylinder engine ended up in the ST.
@oscarsgarage447 Lack of buyers is down the auction house. They only have three jobs: listing the lots, estimating and attracting bidders. They fell down on the last one.
Agree. Also the Auctioneer made virtually no attempt to 'sell' the cars and just read the catalogue scripts. If I was a seller I would be furious with lack of errort and enthusiasm.
@@martinbernard1052 No, it was already lost at that point. The (right) bidders just hadn't turned up to the auction. The only bidders were dealers hoping to get things really cheap.
Thanks for posting. Very interesting to see how classic car prices are going. I’m sure there are a lot of buyers of hot Fords that are going to have their fingers burnt in the next 5 years.
There will be a big rebound in the classic car market, especially in the sports car market when all new cars have to be fitted with speed limiters. I think it becomes law in the UK next week !! Just imagine taking delivery of your new Ferrari and driving away from the showroom only to have the steering wheel judder, the instrument cluster light up, flashing warnings at you and the throttle pedal try and lift up under your right foot, because you went 3mph over the limit ! Its the future apparently, I'll be living in the past with older classics thankyou !
@@oscarsgarage447they were never 'worthless' - but the people (like you) who didn't buy them then and can now afford a summer weekend toy are spending money on getting the bike of their dreams.
I was never too keen on the 2 stroke bikes, I had a couple over the years, but I loved the Honda super dreams. I had a few of them back in my younger days. I saw one recently and it brought back so many good memories. I reminded my wife that was the bike we had when we were courting. Happy days
There are so many auction houses and online auction selling platforms. The are only so many sellers of good cars and only so many potential buyers. Matching the two to get a sale and a good price is becoming a bit of a challenge. A lot of auction houses are accepting pretty average stuff to sell and are effectively watering down the quality of cars going through. That wont attract bidders in a big enough numbers to get a bidding war, hence so many cars going for the starting bid and minimum reserve ! I'm not sure what the answer is other than to research the auction houses to see what they are selling and previously sold lots by them. That should you an idea if they are suitable to sell your car.
Not very engaging is he, I follow ACA the 2 auctioneers there are great each with their distinctive catch phrases to listen out for which ads some interest!
@@RAW555R The two on ACA are dreadful, The fat old cockney parrots the same old lines on every car whereas the bearded bloke seems only to have 'fill it up' as a strapline. If you think thats great then you need to get out more.
@@Matnrach2-mf9qr I looked to buy a 1983 model in late 80s was a beautiful car but got scared of mantance so settled on a starion turbo very similar looking car one I should have kept lol
Indeed, the guide prices were akin to full retail whack, for top level cars. With a few exceptions (the '63 Jag), these were average fare, or flawed examples (auto in a BMW, non orig paint, aftermarket mods or just plain scruffy). Cheers!
Classic and second hand market has topped out and prices are falling, I drive a Mercedes W124 320ce, eighteen months ago I'd have got 10 grand plus, now they are for sale at half that price and still not moving, not that I'd sell mine, I love it, Anglia Classic Car Auctions might be worth a trip to do a video on, they've always got some nice stuff going over the block
Prices are all over the place but quality cars still show through, difficult to buy a 'good' car at a cheap price these days. I've been to several auctions and dealers and frankly buying from a good dealer appears preferable than chancing it at the auction on a car that ok but not great.
the bidding was certainly a bit grim at this auction. Could that 2009 Volvo really have featured in a 1997 movie? You said the link was tenuous but I had to go back and re-read the sign in the window that stated a cherry red C70 featured in the Saint movie. Only 1000 degrees of separation😃
Crazy thing is the 1997 C70 doesn't look anything like this one. Also the 1997 was a actual Volvo and the later 2009 one was made by ford and was more or less a ford mondeo with different panels and a volvo badge
I am old enough to remember these cars when they were new. There is absolutely no way I would want one of them now and just make me laugh to see people pay stupid money for them 😂
My fav cars there was the Ford Granada 2.8 and the Cortina in white stunning example , the price of these will keep climbing , would love to own that , what beauty , not a bus . that's a car you can recognise
Damn good spot sir!!! Now I have re-read the sign it just states another C70 appeared in the film. A red one... There is tenuous, then there is this!!!
@@oscarsgarage447 : Bunch of Ham Shankers, it's not even the same gen C70, it's like trying to flog every single Capri on sale by saying it starred in The Professionals... 😁
You are correct (the auction is beyond all data range so have to wing it on my memory banks), however once Proton bought Lotus they sold the M100 design to Kia who then marketed it as the Vigato, mainly sold in Japan. So Proton was in the story, just not at the point I thought...
So many people ploughed their money into hideously expensive restorations years ago and the vehicles are bringing a fraction of the prices today..Auction prices are realistic prices it only worth what people are prepared to pay.
when the Elan s2 was made Lotus were still under GM ownership the S2 was born because of the amount of unused parts leftover at the factory. The Kia Elan was the Later version
Interesting video Trevor. Looks like the bottom has definitely fallen out of the market. Only £3800 bid for the E30, ridiculously cheap. People are (possibly foolishly) ploughing tens of thousands into these cars as we speak.
Thanks Bob. I think we will see the 'project' cars really drop in value if good examples are available for sensible money. I have just bought a classic for a quarter of what someone spent on its restoration...
@@oscarsgarage447 yep, that seems to be how it is Trevor. I watched an immaculate R reg. Aston Martin DB7 go through Mathewsons, it fetched £12,750. It came with receipts for work done by Aston Martin for over £51000, which obviously doesn't account for what the poor guy paid for the car originally, he'd owned it for about 10 years I think. He must have been sick as a parrot!
Wish I'd known my old Hawke was up for sale. £5k is a bargain, probably not helped by the failed mot and rubbish weather so far up until June when this auction was. There were plenty of very average cars going through, the more desirable, rare, exotic will always find good prices. Some of todays "collectable" cars aren't really that great and never were, a reality check might be happening for sure.
@catherinewright8933 The lowball bidding would have been from dealers -- professional time wasters. Most of the bidding was against the reserves -- wasting everyone's time. If you find yourself bidding against one of them they may run you up for the fun of it. Bidding high early will deter them. It's an aggressive move, suggesting you are prepared to go higher, without guaranteeing it. If they bid against you, they may find themselves stuck with it.
The folks that actually remember these cars (50's and 60's)are dying by the thousands every year ? Kids today have no idea, what a 3.8 Mk 2 Jaguar is ??
I think the bottom is about to fall out of the classic car market especially for cars that require expensive professional work. So Rolls Royce BMW Mercedes will really suffer because these vehicles are too complex for most good home mechanics. Porsche and many others will also suffer.
i wonder if this kind of money has also gone out of the exotic foreign holiday market too. lot's of people who had spare cash now concentrating on paying bigger mortgage payments.
Agree on the Jag. Up close the Eclat had a few issues, and apparently stuck up headlights can mean a chassis issue - I was told the chassis is used to create the vacuum to hold them down, and so this suggests the chassis isn't air tight...
If you follow BAT auctions, you've probably noticed the huge increase in the number of "bid to" auction results... seller's haven't received the "prices crashing" memo!
Yep, they are already off and running, for desireable stuff (check out the money early Supra's and other Jap sports/hot hatches are bringing) for last 5 - 10 years ish, and the more regular/everyday stuff will follow to some extent. I'm going the other way, I love my '80's & '90's stuff, but over the next 5 - 10 years will be looking for a couple of '40's & '50's bargains (Citroen Traction Avant, and a '50's Americana gem (Buick Roadmaster or similar), which are sure to come, to supplement my other '80's/90's desires. Cheers!
As we see cars from the 80's and 90's beginning to get a following, which is raising their values I do doubt they will have the long levity of the older analogue cars. Already I hear and experience difficulty in obtaining some electronic parts, even for cars from the early 00's. The one thing with the older analogue cars of the 50's. 60's and 70's is that you dont have ECU's which are critical becoming unavailable. Oh! I hear some say electronics can always be remanufactured and they will, for some cars, but at a price which would put them out of reach for more humble cars.
Actually in the case of many 'analogue' types of injection systems like Bosch D or L and carburettor induction and distributor ignition systems it's often easier and better to throw it all out and replace it with modern engine management and distributorless ignition systems. Definitely in the case of the Jaguar V12 systems varying from the old Lucas Bosch knock offs to the even more difficult if not impossible to source Zyteck system. Its major engine and suspension components and even proper factory spec steel brake pipes which are the main problems. Even in the case of 1980's Jaguars numerous important parts are no longer available to the point where they sold off stocks of new V12 engine blocks as coffee tables.For an engine in which the slightest overheat typicially scraps the aluminium block by destroying main bearing and cylinder deck alignment. The problems of parts support for classics can't be underestimated.
@@confederatenationalist7283 Indeed, Harry Metcalfe had the injection system on his V12 XJC changed to a modern system, but is was very expensive, which is the point I was making.
@@nearlythere9443 Similar to mine although Harry also had to sink a tonne of cash in serious bodywork restoration. Which also shows the problem of maintaining classics v collapsing values.The numbers don't/won't add up to the point where buying and running a few years old F Pace SVR makes more sense if can put up with the auto box but has the advantage of speed limiter technology just set the max and have fun reaching it as fast as want with bit better fuel consumption as a bonus. Falling classic values can be a double edged sword and can't see much future without a Euro wide fuel tax relief system and much better factory classic parts back up including body shells and major body panel sections.
If your in it for the money your in the wrong game, my ford 100e owes me around 25 grand, will i get that back when i sell it? Of course not but i’ve loved every minute.
Poor old auctioneer getting moody about everyone chatting up the back rather than bidding on his overpriced cars.😂 Anyone who bought into classics as a pension scheme must be twitching a bit currently.
Hopefully... Because it's those speculating Barstewards that drove the prices through the roof !.. And all to sit in a bloody heated garage and gather dust ... Get it up them 😄
@@AA-69🤔 Not true, I think you are greatly generalizing in your comment. Not all of us buyers at these classic car auction houses are like that at all !...
As spectacular as the Jag Mk2 restoration appears to be , its restored not in its original colour and the receipts for the restoration are missing. True collectors only collect original cars or high level restorations in original spec , if the car was restored with its original colour im sure it would have made decent money even in this market
All orginal boy races of the 80s Clean riight and correct selling well.The 17:45 up market 90s gear and the pre 70s stuff is falling of a cliff at the moment.The interest is not there.The people who looking for it want it for nought.Wish all the buyers and sellers well.
Jaguar mk11s are ten a penny these days, nice origional cars seem to sell well,also colour is important and engine size and manual gearbox The auctioneer looks pig sick at times A secret to selling is personality, he just reads it out like the news ! No charisma The granada is spoilt by all the tat all over it, crappy spotlights etc,ruins the clean lines, and if you look closely black paint on the rear of the sill, provably hiding recently repair or rust A friend has one the same without all the chav junk all over it,looks much nicer
Plus the white wall tyres, any potential purchaser is factoring in putting sensible rubber on it. I only watched this video, not looked at the lots online but I could see rust on the rear wheel arch quite clearly so probably more elsewhere.
How did he Ever become an auctioneer 😖... His dad must have handed it to him on a plate ...He couldn't sell burgers to a fat bird outside a health spa !!!
The auctioneer has come from an era when the bidders had money, and a strong resale market. The cars sold themselves. He hasn't cottoned on to the current market in which he has to get enthusiastic to sell them. Sellers think that 'someone will buy it' and have high expectations. The market has popped and old cars with a few exceptions, are no longer an appreciating asset. You can't even get spares for old Astons any more.
Ironically in my case its the gradual realisation the the reason for ownership of a quick modified 6.0 litre 5 speed manual series 3 XJ12 no longer exists. Built for fast continental road trips the new speed regime, combined with 2 euros per litre fuel prices, at 15 mpg at best or less than 5 mpg flat out, just doesn't add up over a 2,000 miles trip. Then there's Jaguars idea of 'classic parts' non support. I havent rushed out just yet to send it for scrap it's still the sad writing on the wall stage. So for me it's more a long drawn out emergency stop than a 4 wheel skidding lock up and crash.With the shock of not seeing this brave new world coming.
Can't believe a 69 immaculate Mini cooper highest bid was 10 grand, this particular Auction house can't possibly advertise whats coming up in the next Auction. Mathewsons nearly all their cars go over estimated guide price , ive seen alot of minis through them do a lot more . The XJS in the video from 91ish to 2000ish until Jaguar killed off the V12 i was responsible as a metrology technician quality engineer Foundry tooling approval and all dimensional engineering reports for the jaguar V12 block & left & right hand heads & Straight Six block & head .
Wow what a lot of boring cars to choose from. In Australia we also get classic European cars, together with classic Australian cars (V8 muscle cars) and American classic cars in large numbers
The 70's and 80's cars keep their value because they are largely bought by more mature people ,who are at a stage in their lives that they have both greater disposable income and savings.
@@jjefferyworboys8138 i would say that is done especially for the 70s cars they have had full appreciation, that generation is looking to sell their cars but the next generation wont want them
Same with motorcycles...FS1E mopeds and Suzuki GT750 kettles (for example).....not £10k any more. There is still top money for what most collectors want.....original/unrestored in very nice condition......getting harder to find. Many classics for sale.....pretending to be something they are not. Be careful !
Hi bud I am an automotive electrical and mechanical engineer. We grew up with all of the very much transport for everybody. It seems though now that the youth of the day don’t want them it’s a crying shame still I have my garage queen I enjoy. It’s just like a painting on the wall we can’t drive them because we will have brotherhood thug waiting for us with a blue uniform worthless system rotten with crime. Regards Alan from down under where we have the same system. The ABC and the BBC agenda is never let truth get in the way of a good story.
