[Healeys] Market

[Curtis Arndt]

One other point about perceived value... say the car was owned or driven by
Steve McQueen and the price will double!


On Mon, Sep 30, 2013 at 10:46 AM, Curtis Arndt <cnaarndt at gmail.com> wrote:

> Derek,
>
> Not a fair analysis since it's the provenience of the documented Factory
> 100M that commands that much money.
>
> Even a BN1 converted by DHMC  at Warwick to Le Mans specifications will
> not bring nearly as much as a factory documented BN2 with exactly the same
> modifications.  Now that's what doesn't make any sense at all.
>
> And of course a "Plain Jane" BN1/2 modified to Le Mans specs typically
> brings slightly more money but not a lot more. That being said, it's
> typically more than the cost of the mod, so it can be worth the investment.
>
> Plus it's Monterey car week and an auction.  This is the biggest and
> richest classic car event in the world. This is why folks bring their car
> their to sell... to hit a home run.
>
> Finally buy a basket case 100M and it will cost you north of $50K and then
> take it to any reputable restorer and have it restored to near Concours
> standards and in the end you will have $200K or more invested
>
> I go to both the Monterey, CA and the Scottsdale, AZ auctions every year
> and have been doing so for a decade.  There are plenty of $150 -$200K cars
> that I wouldn't give you a plug nickel for, but others see their value and
> collectability.
>
> Cheers,
>
> Curt
>
>
> On Mon, Sep 30, 2013 at 10:26 AM, Derek <derek.c.job at gmail.com> wrote:
>
>> About 130,000 dollars does seem rather a lot for a cold air box, louvred
>> bonnet and high comp pistons
>>
>> Derek