[Healeys] "100-M" for sale

[HealeyRick]

Doesn't look like this car is marketed to "enthusiasts" but is designed to
catch the eye of an "investor" or someone who just wants to add another bauble
to their collection.  OTOH, it's way cheaper than the $185k Nazi SS officer's
uniform he has for sale:
http://www.palmbeachclassics.com/luxurydetails.php?id=16

Rick


Follow My Nasty Boy Build:  http://tinyurl.com/yj52fwo

--- On Wed, 5/16/12, Chris Dimmock <austin.healey at gmail.com> wrote:

From: Chris Dimmock <austin.healey at gmail.com>
Subject: Re: [Healeys] "100-M" for sale
To: "Curt/Nancy Arndt" <cnaarndt at gmail.com>
Cc: "Editorgary at aol.com" <Editorgary at aol.com>, "healeys at autox.team.net"
<healeys at autox.team.net>
Date: Wednesday, May 16, 2012, 8:59 AM

My take?
The "paper" and "documents" that make this an "M" are worth $120k
The metal and mechanical stuff is worth $15k. Or maybe it's $110K plus $25k
for the metal??
So if it was a BN2 with no "M" stuff - at $15k - $25k, we'd all be good??
Like the Lemans accident 100/S. or most other unrestored 100/Ms,
Investors in historic items are focussed  on provenance.
I.e. is it historically correct and can it proven to be? Of limited supply?
Check the price on Steiff teddy bears v any other teddy bear made around the
early 1910's or so.
It's all about limited production, and proveability. Hence works car prices,
100/S prices, and 100/M prices. It's the piece of paper that is the "value" -
not the metal.
That's the issue. The value is in the paper proof. Not the actual metal.
Get used to it.
Enthusiasts look at the metal. Investors look at the paper. Make sense??
I'm an enthusiast.
Me.
Chris
Best

Sent from my iPhone

On 16/05/2012, at 10:41 AM, "Curt/Nancy Arndt" <cnaarndt at gmail.com> wrote:

> Gary,
>
> Wow, where to start.
>
> I notice they say nothing about a complete restoration since there probably
> wasn't one done .  Other than the flashy finned valve cover, missing its
> original knurled knobs and oil filler cap, the rest of the engine looks
> rather tatty.  The interior is an abortion, carpet instead of Armacord,
> incorrect door panels, and those seats are tacky.  Incorrect chrome
> headlight rims red painted brake drums and I'm sure the list goes on.  It
> needs a complete and proper restoration to justify that price.
>
> Just my humble opinion.
>
> Curt
>
> On Tue, May 15, 2012 at 3:51 PM, <Editorgary at aol.com> wrote:
>
>> Got a reference today from "Palm Beach Classics, Inc." for a " Austin
>> Healey 100-M " they have for sale.
>>
>> http://palmbeachclassics.com/autodetails.php?id=151
>>
>> What do you think?
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