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Re: Value insanity?

To: <Editorgary@aol.com>, <healeys@autox.team.net>
Subject: Re: Value insanity?
From: <pennell@cox.net>
Date: Wed, 18 Jan 2006 19:51:49 -0500
Gary,

Healeys match or surpass Jaguars?  Dunno.  But last night I watched a Jag E 
Type Coupe Series 2 sell for only $25000 or so.

Keith Pennell

> 
> First Healey I saw cross the block at Barrett-Jackson (in the new Tuesday "we 
> can sell cheap cars better than Kruse" event) sold for $70,000!   No, this 
> was not a Tanner restoration of a BRG BJ8; this was a red MkII BT7, with 
> red-piped black upholstery, restored by an owner, and evaluated by the Speed 
>folks as 
> "a good amateur restoration." Other than being a MkII, the only notable thing 
> about this Healey was that the family had done the restoration as a charity 
> endeavor, and were donating all the proceeds to a charity they support. 
> 
> When an average resto of an average model sells for $70,000 and the heavy 
> hitters haven't even arrived yet, what will be happening to the really good 
> prime-time Healeys. Reid's forecast that we'll see the first $100,000 Healey 
>seems 
> like an easy mark. It could even mean that Healeys this year match or surpass 
> Jaguars.
> 
> Scary stuff. I'm definitely calling Hagerty tomorrow and increasing the 
> agreed-value on my BN7. Not that it means all the Healeys are gone; Mark 
>Hyman sold 
> a Healey BN2 to a fellow I talked to last week-- nice car and the guy is 
> really happy now that it's in his garage--for $40,000. Now that was full 
>retail 
> from a knowledgable dealer. 
> 
> Cheers
> Gary




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