[Zmagnette] Fwd: 1958 MG Magnet 20000

[Steve Hanegan]

Oy! I would love nothing more than to have the money and space to buy a gaggle of Magnettes at what they are worth! Unfortunately... I have a son in College who plays the cello and a wife who doesn't care much for cars... (she drives a Prius)

Although you are right on the money when you note that sales drive prices! Flux capacitor indeed... I have a friend who has an MGB with a V8 who mounted an oil cooler right under the back bumper... calls it alternatively a diff cooler and a vortex minimizer... draws an AMAZING amount of questions and interest... I should say that he used to make his living selling AC stuff, so is well known to be full of.... ummm.... frijoles :-)

Steve H.


On Jan 12, 2014, at 1:31 PM, Steven Trovato <strovato at optonline.net> wrote:

> There is only one way I can think of to "create a market" for cars like this.  Whenever one comes up for sale, buy it.  If a couple of you would like to get into a bidding war, that would help too!  As you said, without demand, there really isn't any value.  You're not going to create demand by holding out for high prices.  It might help if a Magnette played a prominent part in a movie or TV show.  It has to be something mainstream and popular though.  Maybe you could fit a flux capacitor, but 88 mph would be challenging without some modifications.
> 
> -Steve T.
> 
> At 03:23 PM 1/12/2014, Steve Hanegan wrote:
>> This is a pretty good looking car! Concours? Show Winner? Probably not, but if it drives as well as it looks, it certainly represents a good deal for the buyer. You certainly could not build one like this for this price, even if you are starting with a good solid car. I question whether there is a market that will step in and buy a car like this at this price. I am at a loss on how we as Magnette owners can create a market for good clean cars like this one. A  Mk II Jag in this condition would have no problem reaching $30K - $35K at auction because of the reputation and mystique of Jaguar, though these prices have remained pretty constant over the past 10 years or so. Though it lacks the torquey 6 and top notch brakes of the Jag, the Magnette is still a very solid car with better than average handling characteristics and a very posh and cozy interior. I would speculate that having a few more "finished" cars sell, and perhaps, sell at one of the more prominent Auctions such as Barret Jackson, would  increase the public awareness and demand for our cars. Without demand, there really isn't any value, and demand can't be built on $2K projects.
>> 
>> I am guessing that a few more of us are going to need to sell our cars - holding out for prices like this one or higher - before the market will come up far enough to make this more of a typical value.
>> 
>> Steve H.
> 
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