[TR] What do you think ?

[Chip19474 at aol.com]

Hi John...happy new year....wow - a million plus dollar Stag.....that's got 
 to be a record for even the best of classic British car restorations!  I  
didn't mention that the bulk of work done on my car by the shop owner (the 
stuff  I couldn't do) was billed to me at $25/hour - the labor rate he 
happened to be  using back in 1999 through 2002.  I don't think that I would be 
able to  justify the expense of a restoration of similar quality at today's 
labor  rates and cost of parts....I was truly in the right place at the right  
time:)
 
Chip
 
 
In a message dated 12/29/2009 5:33:25 P.M. Eastern Standard Time,  
macartney.john at yahoo.co.uk writes:

 
Chip Krout wrote:


 

So, using my hours and a labor rate of  $75/hour for example, if someone  
were to hire a shop to entirely  restore a TR6 from "bottom-up" to concours 
 
condition, the labor  component would be at least $90,000.....a number that 
is  
absolutely  frightening by any measure of sanity if that person was doing 
the   restoration in hopes of reselling at a profit!

Not  trying to cap your calcs, Chip - but we did similar maths on the 
rebuild of  "uncle jack" - the '73 Stag I drove *aimlessly* around the US and 
Canada this  year. 
After  the event was over, "uj" won the Stag Concours (382.5 points out of 
400) at  Triumphest/NATC and that was after 17,500 miles - so he was pretty 
damned good  at the Start. 
Joe  Pawlak kept a detailed hourly log of all the work done and while I 
don't have  it to hand it was dedicated core of 12 truly dedicated people (and  
others from time to time) for 76 weekends @ 2 days per weekend @ 8 hours  
per man/day = 14,592 hours. Joe also put in several hundred more hours on  
most weeknights working on his own. I think he worked on a retail labout rate  
of $85 per hour, so the labour hours 'notional value' is $1,240,320. Then 
add  in the pledge value to acquire the car, funded so kindly by many on this 
list  at $6500 and another $12,000 for parts we had to ship out from the UK 
and  we're looking at a minimum total of $1,258,820.
I'm  fairly sure we won't see anything like that headed in our direction 
when the  car is finally sold - but  a man can dream................ And one 
day,  someone's going to become the happy (and fortunate) owner of arguably 
the best  known Stag west of the Atlantic. Not only the best known but IMHO, 
undoubtedly  the very best Stag resto I've ever seen. And I've seen many. 
"Uncle Jack" is  still effectively a brand new car
 
Jonmac