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<DIV>regarding Steve's comments about the VW 23 window "busses". Yes, the
incredible, and very quick rise in prices, can be directly attributed to the day
one sold at Barrett Jackson for (sit down, please), $197,000 + fees. That
one I saw, via TV, with my own two eyes. I've since heard that at another
sale, about a year later, went $297,000 + fees. That last one,
I've only "heard", not confirmed, and somewhat doubt its truth.
Regardless, since then, "bus" prices have been ridiculous. </DIV>
<DIV> </DIV>
<DIV>Listen and follow carefully: It is to each of our best interests to
drive up the price . . . . right? So, think about your Magnette being
worth say $45,000 at auction. Easy enough. There are how many in our
group . . . about a hundred? We each give Allen, or better yet ME!!!!, a
donation of $500. By advanced calculus, that's $50K. Next decent one
that comes up, I bid $50K. Now, the market has been set at $50K, and it
only cost you $500!!!! Such a deal!!!!! I'll even give you rides at
the next NAMGAR event.</DIV>
<DIV> </DIV>
<DIV>#2SteveK </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="FONT: 10pt arial; BACKGROUND: #e4e4e4; font-color: black"><B>From:</B>
<A title=steve@betterwitnesses.com
href="mailto:steve@betterwitnesses.com">Steve Hanegan</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=zmagnette@autox.team.net
href="mailto:zmagnette@autox.team.net">List for the Z Magnette Group - North
America</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, January 12, 2014 1:53
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [Zmagnette] 1958 MG Magnet
20000</DIV>
<DIV><BR></DIV>Yes, the auctions are an expensive way to sell a car. Getting a
car registered, transportation and the fees charge to both the seller and the
buyer are quite eye watering unless you have a highly sought after car such as
a 23 window VW van or a Ferrari or similar. I have a friend who has a
very nice mid '90s Jag XJ6R. This is a <U>very</U> nice car, great condition,
well looked after, runs perfectly etc. Mark took his car to a local "collector
car" dealer who takes cars to local auctions. Mark ended up incurring about
$1500 in fees trying to peddle the Jag at $10K - with no sale. The dealer
charged $400 to "detail" a car that had just had an expensive detail just
prior to it being listed added storage and "processing" fees etc.
<DIV><BR></DIV>
<DIV>But, auctions DO tend to set "market values" and drive cars to a higher
value. I have another friend who has an absolute jewell of a 1970 split bumper
MGB. The evaluation guides, such as Sports Car Market, KBB Classic, Hagerty
etc. indicate that this should be a $14K - $18K car. Advertising and trying to
sell it around here at $10K, in winter, has resulted in not one single nibble.
My suggestion would be to advertise the car to the widest audience possible
and be patient. Websites such as The MG Experience, NAMGAR's website (and
print) and NAMGBR's site point the car to the widest possible audience - of
targeted buyers - folks who are already knowledgeable and interested in MGs,
seems prudent. Showing the car at local British Car shows and at local club
events and in local club newsletters can often be effective as well.</DIV>
<DIV><BR></DIV>
<DIV>The biggest problem with Magnettes is A) the lack of "comps" and B)
relatively few folks know what a good car they are - with a resulting lack of
solid demand. I would hate to be the one to have to be the benchmark or
trendsetter! I guess that part of our task as the leading Magnette support
group would be to publicize the cars as much as possible (establishing
desirability) and to support and publicize any of the sales that result in an
appropriate sale price and "real" value for the cars (helping to establish
value). We should cheer and encourage every sale of $20K+ if that is the
direction we would like to see values go. Even so, $20K isn't anywhere near
what it takes to create a good solid "ready to drive" Magnette from some of
the starting points that I see for sale. That being said, I would also point
out that every time we see something that is for sale, we seem to knock it
down on the details or price. The motivation for a seller is far different
than that for a buyer. We should cheer every car that sells (cowboy blanket
upholstery notwithstanding), because every one that does sell helps to
increase the value of our cars when It is time for us to sell. (Cowboy blanket
sold for $12K - mine is "original" and "correct" for $20K and that is why you
should buy it...)</DIV>
<DIV><BR></DIV>
<DIV>We really do only have two options: either we establish a price that we
would like to see for our car and be prepared to wait (maybe years) until some
buyer agrees, or, find someone who is willing to buy the car and be prepared
to accept whatever they offer for it. Sad choices indeed.</DIV>
<DIV><BR></DIV>
<DIV>I do happen to know of a great British Car show with a great "Car for
Sale" section that averages about 50% of cars sold... it is in July (great
time to take advantage of the summer weather)... I will say that any
Magnetteer trying to sell their car at the Western Washington All British
Field Meet will get a screaming good deal from the organizer... and full
support and help from the organizer... and maybe even a free lunch (great
bratwurst!)... all you have to do is show up at St. Edward State Park on
Saturday, July 26th and tell them you know Steve H. and have a personal
invite...</DIV>
<DIV><BR></DIV>
<DIV>Steve H.</DIV>
<DIV><BR></DIV>
<DIV><BR></DIV>
<DIV><BR></DIV>
<DIV><BR>
<DIV>
<DIV>On Jan 12, 2014, at 1:06 PM, John Park <<A
href="mailto:jpark@bmts.com">jpark@bmts.com</A>> wrote:</DIV><BR
class=Apple-interchange-newline>
<BLOCKQUOTE type="cite">
<DIV
style="WIDOWS: 2; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; FONT: medium 'Century Gothic'; WHITE-SPACE: normal; ORPHANS: 2; LETTER-SPACING: normal; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px"
lang=EN-US vlink="purple" link="blue">
<DIV style="page: WordSection1" class=WordSection1>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><SPAN
style="FONT-FAMILY: Arial, sans-serif; COLOR: rgb(31,73,125); FONT-SIZE: 11pt">Well
I’ve thought of the auction route but pretty much all of the bigger ones are
several days drive away. To ship the car, especially at this time of year is
into 4 figures and then there is the auction house fees which cut into the
final sale price. So is it worth trying to go that route to “establish” a
value or just move the car for what you can get if you don’t want to hang on
for years until someone decides you do have a nice
car?<O:P></O:P></SPAN></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><SPAN
style="FONT-FAMILY: Arial, sans-serif; COLOR: rgb(31,73,125); FONT-SIZE: 11pt"></SPAN> </DIV>
<DIV>
<DIV
style="BORDER-BOTTOM-STYLE: none; PADDING-BOTTOM: 0in; BORDER-RIGHT-STYLE: none; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-LEFT-STYLE: none; BORDER-TOP: rgb(225,225,225) 1pt solid; PADDING-TOP: 3pt">
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><B><SPAN
style="FONT-FAMILY: Calibri, sans-serif; FONT-SIZE: 11pt">From:</SPAN></B><SPAN
style="FONT-FAMILY: Calibri, sans-serif; FONT-SIZE: 11pt"><SPAN
class=Apple-converted-space> </SPAN><A
style="COLOR: purple; TEXT-DECORATION: underline"
href="mailto:zmagnette-bounces@autox.team.net">zmagnette-bounces@autox.team.net</A><SPAN
class=Apple-converted-space> </SPAN>[mailto:zmagnette-<A
style="COLOR: purple; TEXT-DECORATION: underline"
href="mailto:bounces@autox.team.net">bounces@autox.team.net</A>]<SPAN
class=Apple-converted-space> </SPAN><B>On Behalf Of<SPAN
class=Apple-converted-space> </SPAN></B>Steve
Hanegan<BR><B>Sent:</B><SPAN
class=Apple-converted-space> </SPAN>Sunday, January 12, 2014 3:24
PM<BR><B>To:</B><SPAN class=Apple-converted-space> </SPAN>List for the
Z Magnette Group - North America<BR><B>Subject:</B><SPAN
class=Apple-converted-space> </SPAN>Re: [Zmagnette] Fwd: 1958 MG Magnet
20000<O:P></O:P></SPAN></DIV></DIV></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">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.<O:P></O:P></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">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.<O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">Steve
H.<O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV>
<DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">On
Jan 12, 2014, at 10:54 AM, John Marcell <<A
style="COLOR: purple; TEXT-DECORATION: underline"
href="mailto:MG1948@verizon.net">MG1948@verizon.net</A>>
wrote:<O:P></O:P></DIV></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><BR><BR><O:P></O:P></DIV>
<BLOCKQUOTE style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt">
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">Good
car, good price if you cant do the work yourself. Even I don't think
you could do one with you doing all the work today.<O:P></O:P></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">Phil<O:P></O:P></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">Begin
forwarded message:<O:P></O:P></DIV></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><BR><BR><O:P></O:P></DIV>
<BLOCKQUOTE style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt">
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">From:<SPAN
class=Apple-converted-space> </SPAN></SPAN></B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">Gary
Sandusky <<A style="COLOR: purple; TEXT-DECORATION: underline"
href="mailto:gary@sandusky.cc">gary@sandusky.cc</A>></SPAN><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">Subject:
1958 MG Magnet 20000</SPAN></B><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">Date:<SPAN
class=Apple-converted-space> </SPAN></SPAN></B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">January
11, 2014 9:34:04 PM CST</SPAN><O:P></O:P></DIV></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">To:<SPAN
class=Apple-converted-space> </SPAN></SPAN></B><SPAN
style="FONT-FAMILY: Helvetica, sans-serif; FONT-SIZE: 13.5pt">Phil
Marcell <<A style="COLOR: purple; TEXT-DECORATION: underline"
href="mailto:MG1948@verizon.net">MG1948@verizon.net</A>></SPAN><O:P></O:P></DIV></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV>
<DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt">Take
a look at this Magnet.<SPAN
class=Apple-converted-space> </SPAN><BR>Gary<BR><BR><A
style="COLOR: purple; TEXT-DECORATION: underline"
href="http://dallas.craigslist.org/dal/cto/4281771840.html">http://dallas.craigslist.org/dal/cto/4281771840.html</A><BR><BR><BR>Sent
from my iPhone<O:P></O:P></DIV></DIV></BLOCKQUOTE></DIV>
<DIV
style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"><O:P></O:P></DIV></DIV></DIV>
<P
style="MARGIN: 0in 0in 12pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 12pt"
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