Actually, there's very little question that TR3's are valuable cars.
They are now relatively rare and the people who are nostalgic for
them are still on the right side of the dirt--a lot of them have
money. What are they going to do with it? Buy real estate in San
Diego?. Enjoy the thrill of looking at their stock portfolio? There's
an awful lot of 60 year old people for whom paying thrity grand for a
TR3 would hardly even sting, and they'd feel like they were nineteen
again every time they sat in it.
frankly, I'm surprised they aren't worth more.
The run up in muscle cars reflects exactly the same thing. People
with money who don't have a lot of other places to put it that will
give them any pleasure. there's just a lot more people nostalgic for
american muscle cars than they are for LBCs.
It's not really Barret-Jackson that's responsible, it's information
and how rapidly it can be dispersed today. the difference between
eBay and a garage sale. we get top dollar for triumph bits online
because our garage sale extends across the world. I paid $85 for a
proof copy of Master and Commander, and was tickled pink to get it.
At a garage sale it would have gone for $.25.
On Jan 27, 2007, at 8:10 AM, Bill Sohl wrote:
> FOTers,
>
> I saw the Auto-week TR-3A auction report also.
> My .02 on the subject of values for our cars.
>
> There clearly is a significant interest in "performance"
> automobiles and
> we do see that to the extreme via the "high-end" auctions like
> Barrett-Jackson.
> What I believe we are starting to see is the following:
>
> 1. True "pony cars" and as factory delivered performance cars have
> seen a
> rapid
> increase in value.
> 2. The ability to buy an affordable (let's say for $30,000 or less)
> muscle
> car
> is ending do to increased market demand.
> 3. High-end sports cars (Jags, Healeys, Porche, and others) have for a
> number of
> years already been above the $30,000 price point.
> 4. Given the now higher prices for American pony/muscle/performance
> vehicles,
> potential buyers of a vintage auto with "performance" attributes
> are now
> looking to "low end" sports cars to satisfy that desire....it also
> doesn't
> hurt
> the buyer's purchase decision that most low-end sports cars are also
> "top-down"
> vehicles.
> 5. In today's market, $30,000 isn't that much for almost any car
> purchase.
>
> Cheers,
> Bill Sohl
>
> ----- Original Message -----
> From: <BillDentin@aol.com>
> To: <gp89@charter.net>; <wgrosenbach@juno.com>;
> <jimcun2001@yahoo.com.au>
> Cc: <fot@autox.team.net>
> Sent: Saturday, January 27, 2007 10:15 AM
> Subject: Re: [Fot] Alloy Body
>
>
>> In a message dated 01/26/2007 9:36:25 PM Central Standard Time,
>> gp89@charter.net writes:
>>> Imagine what could happen at a Barret-Jackson auction.
>>
>> As far as I'm concerned, the Barret-Jackson auction, and others
>> like it,
>> are
>> screwing up the auto hobby something fierce!
>>
>> I note in the current issue of AUTOWEEK they list a less than
>> perfect TR3A
>> which sold recently at auction and north of thirty grand. No Trailer
>> Queen, its
>> description says the engine compartment appeared to be correct, the
>> interior
>> had very good leather, but it had so-so chrome, poor body work
>> (panel fit)
>> and
>> in particular its bad paint. Further it suggested while the car
>> sold (did
>> not have a minimum bid restriction), it did not meet the previous
>> owner's
>> sale
>> price expectations.
>>
>> Gee...maybe we TRIUMPH owners are all rich and don't even know it.
>>
>> Bill Dentinger
>> _______________________________________________
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