Another 240Z at auction this month

[chrisvega]

http://www.carandclassic.co.uk/car/C723417

This car has been for sale for the last 18 months on carandclassic unsold from same seller. Started off at £ 20k in 2014 and had climbed to £ 29,950 earlier this month as the seller moved his price up in accordance with his perceived market value, obviously in no rush to sell.

Interesting to see where it is bid to. Anyone planning on going ?

Guided at an optimistic £ 26-32k think it will struggle to reach reserve at £ 26k based on what we have seen recently at auction with just £ 22k bid on the nicely restored Sahara Gold car at the ' posh boys ' Goodwood auction last week.

 

[RIDDLER]

Worth keeping an eye on. Sure you will report back Chris!

 

[uk66fastback]

Yours is a bargain then Chris at 2/3 of the price ...

 

[samuri-240]

Would have a far better chance if it where RHD.

 

[uk66fastback]

So if this the asking price for a LHD car ... Pie in the sky imo - what would it be if the steering wheel were on the right hand side? Another £5k, £10k? That Sahara Beige one didn't go above £22k on the day, I don't hold out much hope for this one. The Sahara one is too nice to use much though in my eyes.

 

[chrisvega]

Yours is a bargain then Chris at 2/3 of the price ...

Quite probably but mine isn't flying out of the door either

I can't think of another classic in the UK market where the price differential between rhd and lhd is so huge. Classic case of supply and demand but still a mystery to me

We need to do a ' Sweden ' and start driving on the other side of the road, come into line with the rest of Europe that will sort it out

 

[SacCyclone]

Mike, this is the RHD 2+2 I was telling you about. I passed on it so the guy listed it on craigslist. Here is the link. I could have bought it for $2000 or so.
http://sacramento.craigslist.org/cto/5503860213.html

 

[johnymd]

I think there is is still a great market for affordable classics that car be driven at the weekend. The problem is when they are too good or too much money then they are no longer affordable or drivable. Special cars like r432, 432, ex rally cars, ans samuri, will always command a premium as they are collect able and not nessesarily bought to be driven. There is also a good market for performance classics and the zed would fit in well but needs to be cheap enough to be driven. The high quality run of the mill zed may often be worth less than it cost to build.....at this moment in time. Thing may change.

 

[johnymd]

The market is probably for the sub 10k car that is rust free and can be driven/enjoyed straight away. Just like my green car

 

[chrisvega]

The market is probably for the sub 10k car that is rust free and can be driven/enjoyed straight away. Just like my green car

Spot on, solid cars in need of work around £10k easy sell.

If you have a genuinely rust free 240Z on the road registered with MOT it it is worth way more than £10k so don't undersell it. The last one you sold at that money was 260Z - US spec. and Auto. A manual 240Z ++++££££ over....

 

[vipergts]

Such a big differential between Left and Right hand drive might be also driven by the cost of conversion and the viability of it

An E Type for example is a very easy switch....No welding or cutting needed at all

 

[chrisvega]

Such a big differential between Left and Right hand drive might be also driven by the cost of conversion and the viability of it

An E Type for example is a very easy switch....No welding or cutting needed at all

Yes, the E Type conversion does not require a donor car / bulkhead and most if not all parts available off shelf or used so easier option to follow as well. With E Types over 20% of production was RHD from factory plus many left to right hand drive conversions done on US imports ( guilty ) in late 80s/early 90s so plenty to go round to satisfy demand.

Just 2.5% of 240Z export production were RHD cars to UK and Oz. Most of the 1,929 cars that came to the UK with no rustproofing will have long since turned to dust ( 150 left ? ) whilst Oz is not the rust free climate that many would like you to believe, coastal cities are not kind to cars. The survival rate in the States will be a lot higher due to the kinder climate in CA and Southern states.

So genuine RHD cars may now account for around just 1% of cars left outside of Japan ?

Maybe answers the question as to price differential ?
Value is a different question altogether

 

[MikeB]

So the LHD car at auction mentioned at the start of this thread went for just under £24k all in.

 

[uk66fastback]

So a very decent nick, original, LHD car now makes £24,000. All in - does that mean buyer's premium etc? What did the hammer fall at?

I know RHD ones command a decent premium over the left hookers but unless you're looking for something to gaze at and not drive for 10 years, the money asked for these nut n' bolts rebuilds isn't achievable. Well, you'll get nowhere near your money back ... but then that shouldn't be the point. Ever.

 

[MikeB]

It is very rare to get your money back from a "full" professional rebuild, the labour costs involved usually see to that. It's only if the value of the marque rises significantly after you've had the work done, you get a chance to recover your investment.

The price £23,730 included the buyers premium. So the buyer paid 12% plus VAT over the hammer price and the seller also paid 5% plus a fee of £150 all plus VAT

So basically the auction house gets circa 20% of the Sold price, so the seller got less than 20k in his hand.......and there are some folk suggesting I should put my car into an auction ??

 

[Alphabettispaghetti]

I think it just shows what the world already knows. LHD or RHD, original condition, not welded to death they'll both fetch the same sort of strong money.

RHD will always sell a little easier here, doesn't matter with other marques though, we're just catching up.

 

[SeanDezart]

I think it just shows what the world already knows. LHD or RHD, original condition, not welded to death they'll both fetch the same sort of strong money.

RHD will always sell a little easier here, doesn't matter with other marques though, we're just catching up.

Hear, hear.

Condition, then spec sells first.

.....and people buying a USA import want a 5spd although most cars sold in the late '60s and early '70s had only 4.

 

[Rob Gaskin]

........so the seller got less than 20k in his hand.......and there are some folk suggesting I should put my car into an auction ??

I would have thought the seller is happy with that.

So do you think he would have got more selling it on ebay or in a Classic mag?

Yeh give an auction consideration IMO. Ok they are going to take some money but probably the amount they would get over what you could achieve.

Would you sell or buy a house privately? Having said that I have - bought my first house off a workmate.

I think I'd try an auction for my cars but not just any-old-auction.

 

[uk66fastback]

I think you need to choose your auction carefully if that route is chosen. There are a LOT about nowadays.

Chris's orange one looks similar to this one (always hard to tell from just pics) and so the final price wasn't that different from what he's after. So realistic.

It's 'on the day' obviously at an auction. You get two people really after the ONE car and the price goes up accordingly. Too many early Escorts [other overpriced classic Fords are available] at the one auction isn't a help if you're a seller of one although they are popular (see what I did there?)

Auction price would be higher for a RHD but how much higher I don't know. Other influences come in to play. A LOT higher than the experts print! (Yes, Practical Classics, I'm looking at you)

My own Z is pretty similar to this one - I don't think my paint is probably as good but the interior certainly is. 38,000 - who gives a monkeys and how can that be proved anyway?

I'd take what this bloke got for his if I was after selling.

 

[MikeB]

Rob

Somebody valued the car at £24k, that's what they were prepared to pay for it, now why would you give 20 -25 % of that away. If he had advertised the car at that price it would probably have sold.

Just my take on it