Lotus Elan

+2 prices, will they soon be over the ?20k mark???

PostPost by: Jason1 » Sun Jul 17, 2011 6:51 pm

Chris Evans must of got bored of it!! These 2 pics look the same to me.
Attachments
CE CAR.jpg and
50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1589
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: Kerryt333 » Sat Jul 23, 2011 7:08 pm

I see that the fully restored +2 on Ebay has just sold for ?10200, after previously selling for ?16000, is this more a sign of the economic climate or was it overpriced before.Either way a bit of a choker for the seller.
John
Kerryt333
Second Gear
Second Gear
 
Posts: 70
Joined: 30 Nov 2009
Location: Dorset, UK

PostPost by: hartley hare » Sat Jul 23, 2011 8:06 pm

hi all
?10200, buyer got a bargain, i think.....
didnt a soft top plus two, go on ebay not so long ago,for a steal....

good luck,and well done, to you both....

but surely these cars are worth more..... :?
User avatar
hartley hare
Second Gear
Second Gear
 
Posts: 73
Joined: 13 Oct 2010

PostPost by: RichC » Thu Jul 28, 2011 10:00 pm

jason u forgot to mention the pricetag ....... best part of ?30K!!!!
what was pricetag a few months ago at Paul Matty's? quite a bit less wasn't it?
User avatar
RichC
Fourth Gear
Fourth Gear
 
Posts: 855
Joined: 28 Apr 2009
Location: Tendring Essex

PostPost by: Jason1 » Fri Jul 29, 2011 6:26 am

Yes I thought it was high ?20k's; have a look at http://www.thesun.co.uk/sol/homepage/sh ... w-car.html


I am not sure I would take The Sun as 100% factual but if they are right then he is looking to double his investment. :o

Jason
50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1589
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: The Old Italian » Fri Jul 29, 2011 8:37 am

Kerryt333 wrote:I see that the fully restored +2 on Ebay has just sold for ?10200, after previously selling for ?16000, is this more a sign of the economic climate or was it overpriced before.Either way a bit of a choker for the seller.
John

There was a lovely 1961 series 2 Elite sold at Bonhams in April last year and the purchaser paid in excess of ?45K including buyer's premium & VAT. It was re-sold at Bonhams this month and this time that vendor probably netted under ?30K after auction house charges and VAT :roll:.
The Old Italian
New-tral
 
Posts: 13
Joined: 27 Feb 2011

PostPost by: Elanintheforest » Fri Jul 29, 2011 10:08 am

The last couple of years have felt very much like the 1989 / 1990 boom, and I'm pretty sure that we are now in a period of re-adjustment back to where prices were 3 or even 5 years ago.

Its basic economics really, when a 30 year old car suddenly rises in price by 10% or 20% in a year, when inflation is 4% and bank interest rates are 1% or less....the high prices just are not sustainable.

I think that it's a healthier situation now, as there don't seem to be the old bangers tarted up to make a quick quid this time. 1990 / 91 was famous for dogs of E Types and Aston Martins coming on the market that were full of filler that was starting to crack, and being sold for ?25k when they were bought only 18 months earlier for the best part of ?100k.

But I guess that whatever happens over the next couple of years, there will always be a market for quality. Cars that are not only desirable, but have been restored to a professional standard with a good provenance, or are in original un-restored condition, will always be in demand.

The investors get burnt, as they have been in the housing market. But in the car market, a reduction in price can surely only be a good thing for the enthusiast.

Mark
User avatar
Elanintheforest
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 2896
Joined: 04 Oct 2005
Location: Forest Of Dean, Gloucestershire

PostPost by: Spyder fan » Tue Nov 29, 2011 9:37 am

My apologies if I am bumping this topic unecessarily, but not everyone may be aware that Matty's are advertising the Chris Evans car once again at a gulp! wait for it! ?35,000

http://www.paulmattysportscars.co.uk/showroom/stock-detail.aspx?id=2440

Call me old fashioned but I would have liked to have expected clean carpets at that price :wink:

Regards
Kindest regards

Alan Thomas
User avatar
Spyder fan
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 2541
Joined: 11 Jun 2009
Location: Kent country & Sussex seaside UK

PostPost by: Elanintheforest » Tue Nov 29, 2011 10:49 am

A chequebook Elan restoration at one of the specialists starts at ?50k, plus of course buying the car in the first place. ?35k for a minter doesn't seem too bad by comparison!

Mark
User avatar
Elanintheforest
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 2896
Joined: 04 Oct 2005
Location: Forest Of Dean, Gloucestershire

PostPost by: Jason1 » Tue Nov 29, 2011 12:37 pm

Prices are all over the place. I have watched really nice +2 on Ebay not sell for very little money. I started this thread as I needed to put a value on my car for the insurance but am none the wiser. I think I would have a melt down if someone hit it whilst I was out.

RE: the Chris Evans car = I would have thought this time of year the prices would be low? May be it is worth more if it has his name on the log book? I have Mick Miller on mine.

A chequebook Elan restoration at one of the specialists starts at ?50k, plus of course buying the car in the first place. ?35k for a minter doesn't seem too bad by comparison!


Sounds like you are thinking of buying this one Mark? Well Christmas is coming; buy it for the wife. I have 'bought the wife' many Minis over the years its the only way to get another car in the garage. :D

Jason
50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1589
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: terryp » Tue Nov 29, 2011 1:31 pm

Jason1 wrote:buy it for the wife. I have 'bought the wife' many Minis over the years its the only way to get another car in the garage. :D

Jason


My cunning plan as well :D :D :D :D :D
terryp
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1665
Joined: 29 Nov 2007

PostPost by: Elanintheforest » Tue Nov 29, 2011 2:36 pm

No, I'm not in buying mode...still have the BDA Plus 2 looking at her new chassis hanging up over her head, the Elite and S2 Elan in bits and a pair of early Plus 2 cars also in bits. The last two will be sold next year to give me some sort of focus (and chance!) to get on with the other projects.

Mark
User avatar
Elanintheforest
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 2896
Joined: 04 Oct 2005
Location: Forest Of Dean, Gloucestershire

PostPost by: Robbie693 » Mon Dec 05, 2011 10:53 am

Spyder fan wrote:My apologies if I am bumping this topic unecessarily, but not everyone may be aware that Matty's are advertising the Chris Evans car once again at a gulp! wait for it! ?35,000

http://www.paulmattysportscars.co.uk/showroom/stock-detail.aspx?id=2440

Call me old fashioned but I would have liked to have expected clean carpets at that price :wink:

Regards


Sold!:

http://www.paulmattysportscars.co.uk/showroom/stock-detail.aspx?id=2440
User avatar
Robbie693
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1615
Joined: 08 Oct 2003
Location: UK

PostPost by: Jason1 » Mon Dec 05, 2011 1:28 pm

Wow

Looks like I am going to have to look at my agreed value insurance again next year.

Jason
50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1589
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: Spyder fan » Mon Dec 05, 2011 2:35 pm

Looks like some lucky boy or girl has got a new toy for Christmas then 8)

The advertised cost being nearly 5 times the advertised buy it now price of this tidy looking car http://www.ebay.co.uk/itm/Lotus-Elan-2s-130-1971-Plus-Two-/270866454840?pt=Automobiles_UK&hash=item3f10e61938

It's really good to know that there are still apparent bargains for entry level into this hobby.

Regards
Kindest regards

Alan Thomas
User avatar
Spyder fan
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 2541
Joined: 11 Jun 2009
Location: Kent country & Sussex seaside UK
PreviousNext

Total Online:

Users browsing this forum: No registered users and 5 guests