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Are People Really Paying These High Prices For Classic Mini's


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#16 Moke Spider

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Posted 01 November 2017 - 06:18 PM

The worry about re-shells is a recent thing as certain Minis like the Cooper S became much more highly valued and collectable.......many of them would not be around today if they had not been re-shelled in the 1970's and 80's when it was not worth repairing an original shell, in the days when you could buy a good solid 'donor' car like a low mileage 850 Automatic Mk1/2/3 instead. People would have thought you mad if you went to the lengths of panel replacement seen today on early Mini's to retain an original shell!

 

I know many will cringe on reading this.

 

The last Cooper S I had, an Australian 1970 Model, and even rarer as it had the 'flappy' door handles, of which they only made something like 127 of and further rarer as it was an ex-Highway Patrol Car, had rusty sills and a rusty floor. I recall paying in the order of $1800.00 for it, which at the time, was a fair price.

 

In the early 80's when I bought the car, it was so comparatively expensive to carry out such repairs, that these panels were simply not available and rust to that extent was considered a death sentence. I stripped it out for the parts and cut the shell up.

 

Oh well, easy come, easy go.



#17 mab01uk

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Posted 01 November 2017 - 07:45 PM

 

Surely that's a contradiction?

If these stupid investors will keep buying lemons at big prices it doesn't matter if you buy one yourself.

 

Depends on where they are bought and where or if they are sold.

Naive investor type buys from a small-time 'Specialist' dealer.  Shiny car, well described with a friendly salesman - but they end up with a turd.

 

Come to service it, take it to a show or whatever and the various flaws are pointed out, muffled comments made about it being a mongrel

 

Yes you can employ the services of an agent or someone to locate a really good example, yes you will end up with a better car.

But it all costs money, and you know there will always be some people who will forgo those costs to buy as low as possible and maximise profit.

 

Given the sheer amount of money involved in vehicles like a Cooper S there will always be people trying to sell something thats less than authentic.

Whether it's had a dodgy re-shell job or is simply a flat-pack classic, if the money is there people will try it on.

 

 

Also beware of the descriptions of the major classic car auction houses, even when contacted by 'marque experts' from the enthusiast clubs to point out a proven lack of provenance or a faked car, the cars often proceed to auction as first described.......so as always buyer beware and do your own research no matter how well respected the auctioneers are.



#18 CityEPete

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Posted 01 November 2017 - 08:09 PM

Non of them are in my price range now anyway, we'll be cherishing our standard Mayfair for the foreseeable future now :-)

#19 mk3 Cooper S

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Posted 01 November 2017 - 11:08 PM

The worry about re-shells is a recent thing as certain Minis like the Cooper S became much more highly valued and collectable.......many of them would not be around today if they had not been re-shelled in the 1970's and 80's when it was not worth repairing an original shell, in the days when you could buy a good solid 'donor' car like a low mileage 850 Automatic Mk1/2/3 instead. People would have thought you mad if you went to the lengths of panel replacement seen today on early Mini's to retain an original shell!

I think in the case in mention it appears that this started life as a mk4 car rather than a new shell by some of the retained carry over parts retained.

This ultimately makes it something that it isn't. 

I would love to view this car to determine if it has any/many genuine original parts or it started a second life as a paper logbook with a premium price tag.


Edited by mk3 Cooper S, 01 November 2017 - 11:09 PM.


#20 YJO

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Posted 02 November 2017 - 08:13 AM

And let's not forget the David brown remastered mini at a gob smaking 70k, turnip tv here in east anglia looked at them last night.

#21 SE10 Mini

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Posted 03 November 2017 - 11:15 AM

http://www.gcminis.c...s-just-38-miles

 

 

anyone want to go halves on this? Is it really worth £65k?



#22 CityEPete

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Posted 03 November 2017 - 01:40 PM

What's the point in altering a car purchased as an investment?

#23 jamesmpi

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Posted 03 November 2017 - 03:45 PM

http://www.gcminis.c...s-just-38-miles
 
 
anyone want to go halves on this? Is it really worth £65k?


No and No

#24 SE10 Mini

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Posted 03 November 2017 - 03:50 PM

 

http://www.gcminis.c...s-just-38-miles
 
 
anyone want to go halves on this? Is it really worth £65k?


No and No

 

Lucky I haven't got £30k lying around then!!  :proud:



#25 Cooperman

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Posted 03 November 2017 - 04:14 PM

All classic cars are going up in value, especially if they are largely as original or only period modified.

 

It has been happening for years and is not likely to change. Compared to some cars, the classic Mini has not, as yet, had the price inflation of some of its contemporaries.

 

A good example is the Mk.1 & Mk.2 escort range where Mexicos and R2000's have increased dramatically. In the Mini range only the Cooper 'S' has gone up in the same way.

 

There are still some Mini bargains. The Innocenti Cooper 1300 export can still be bought for sensible money and there are some Mk.1 & Mk.2 850's around requiring some restoration for not a great deal of cash.

 

Over the next 10 years it can be expected that the 998 range (not the 998 Cooper as that has already gone up a lot) will increase markedly, so long as the car has not been excessively altered.

 

The apparently over-priced cars mentioned will only fetch what someone is prepared to pay and that will determine the true value.

 

It is surprising the way some makes have increased compared to others. For example, the Ford range from the 1960's have become very expensive (Mk.1 Cortina, Escort Mk.1, Zephyr & Zodiac, etc.) whereas the Rovers and Triumph saloons from the same period are much cheaper despite their being better engineered in the main. There is a very nice 1964 Triumph 2000 on Car&Classic for under £5000. That is a super car if in good condition and certainly a better road car than a Mini of the same age. You can also buy a Rover P6 V8 for under £10,000 in great condition and they were truly fantastic cars (I had a couple of those in 1974 & '75). You could really use one every day.



#26 r3k1355

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Posted 03 November 2017 - 08:22 PM

Old Ford = Money.

Always has, always will.

 

Your point about other English cars is worth remembering, there is a big disparity between various models so you can't just assume that when a car becomes old it's worth more than a house.

 

 

http://www.gcminis.c...s-just-38-miles

 

 

anyone want to go halves on this? Is it really worth £65k?

 

of course not, but you'd expect nothing less from the prats running that place.

I'm not even sure if they completely know what they are trying to sell.

 

Last ever Cooper S Works?  It's not even a Cooper S Works ???

 

 

What's the point in altering a car purchased as an investment?

 

You want to throw all your money away?



#27 bikerjohn

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Posted 03 November 2017 - 10:09 PM

The problem for me is that even mundane Mini's are getting out of my price range (I'm not rich) It's getting that I can't even afford a rough spare Clubman shell for my rallycar.. the only ones I can afford need that much welding its takes lots of money in panels and time to get them solid enough to Rally..

I was priced out of Escorts 15 years ago and it looks like Mini's are going the same way...


Edited by bikerjohn, 05 November 2017 - 09:44 PM.


#28 mab01uk

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Posted 03 November 2017 - 11:14 PM

26 Oct 2017 Winning bid: £26,100 (scroll down)

https://www.ebay.co....=p2047675.l2557

 

Nov 2017 Classified Ad price: £31,995

https://www.ebay.co....4?ul_noapp=true



#29 r3k1355

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Posted 03 November 2017 - 11:15 PM

The problem for me is that even mundane Mini's are getting out of my price range (I'm not rich) It's getting that I can't even afford a rough spare Clubman shell for my rallycar.. wthe only ones I can afford need that much welding its takes lots of money in panels and time to get them solid enough to Rally..

I was priced out of Escorts 15 years ago and it looks like Mini's are going the same way...

 

Move onto something newer?

The 205 made a fine Rally car.

 

oh wait.............



#30 Cooperman

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Posted 03 November 2017 - 11:19 PM

All classic cars are going the same way.

Motor-sport is/was never cheap and to be competitive costs a lot of cash.

 

Unless you are committed to historic rallying, you could get an MG-ZR or Rover 25 with the 1.4 twin-cam engine. I had one for endurance rallying and, even with a virtually standard engine, as required by the regulations, it was quicker than my full-on 1293 Cooper 'S' Mk.1 on twisty tarmac and much quicker on gravel. Very low-cost (in relative terms) as well.


Edited by Cooperman, 03 November 2017 - 11:25 PM.





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