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PostPosted: Thu Oct 12, 2017 11:53 am 
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848cc
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low n blown wrote:
Fortunately for us, Aussie cars are relatively rust free (in comparison to those in colder climates) and I am seeing a trend in classic Aussie cars going overseas. Relatively low values in Aus, coupled with their rarity generally good condition and we are seeing crazy figures paid for our cars by investors in the UK. Will be interesting to see where they go in the market.



Will be interesting to see where your 'two' go :lol:

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PostPosted: Thu Oct 12, 2017 2:27 pm 
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low n blown wrote:
Fortunately for us, Aussie cars are relatively rust free (in comparison to those in colder climates) and I am seeing a trend in classic Aussie cars going overseas. Relatively low values in Aus, coupled with their rarity generally good condition and we are seeing crazy figures paid for our cars by investors in the UK. Will be interesting to see where they go in the market.


The thing is...people have been personally importing English vehicles for yonks...so...it can blow the salt on the roads and tin worm argument out of the water if the "English" car has resided in Australia for 30-40 years (say) :D

Where will Aussie cars go overseas...to the breakers when the new body shell replaces the rotten original :!: :lol:

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PostPosted: Fri Oct 13, 2017 1:50 pm 
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Joined: Tue Aug 24, 2004 3:57 pm
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Location: queensland
9YaTaH wrote:
low n blown wrote:
Fortunately for us, Aussie cars are relatively rust free (in comparison to those in colder climates) and I am seeing a trend in classic Aussie cars going overseas. Relatively low values in Aus, coupled with their rarity generally good condition and we are seeing crazy figures paid for our cars by investors in the UK. Will be interesting to see where they go in the market.


The thing is...people have been personally importing English vehicles for yonks...so...it can blow the salt on the roads and tin worm argument out of the water if the "English" car has resided in Australia for 30-40 years (say) :D

Where will Aussie cars go overseas...to the breakers when the new body shell replaces the rotten original :!: :lol:


Not really sure I follow your post??
So what you are saying is classic cars are not rare in the UK because there is no salt in Australia and we have some of their cars here? And am I correct in saying that you are assuming Aussie cars will be stripped for their shell once in the UK?? If that's the case it would need to be an 850 as our shells from there on differ and they won't be able to use many of the other parts.

None of this makes any sense to me, so please explain what you mean, I would love to learn more about the current trends in vehicle investment.

I am very certain of an increase in classic cars being bought and sent to the UK and Europe. I had this very conversation with Chris Bowden of Ecurie Investments only 2 weeks ago. The numbers don't lie.

As an aside there is a very nice Jag D-Type about to go to auction here in Aus. Do you guys think it will remain here down under or will the highest bidder be overseas?

G

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1962 Mini Speed sports sedan
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PostPosted: Sat Oct 14, 2017 7:33 pm 
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I have to agree with Greg on this one.

One of the turning points in the value of collectable cars is usually when it becomes a 'global collectible'. Don't know that a XU-1 or a P76 will go global?
That's to say when a car (or any collectible) becomes older, more sought after, more nostalgically viewed, more financially accessible to more people (baby boomers coming into cash) this usually drives values up locally, but when all these things align and the collectible is also sought after globally then there is a much bigger market force and (as in the mini) often a smaller amount of available stock.

I also think recently we are seeing 4 cyl 'muscle cars' just catch up relatively to their bigger cousins. The muscle car boom in Aus has happened relative to our nostalgia. ie. big V8's, then 6cyl's and now 4 cyls. Look at skyrocketing values of 4cyl lotus and BDA escorts recently.

I think we have seen these 4 cylinder cars (including minis) go global in the last few years. I remember the first time I heard a road car S went for $40k and it went to Japan. If our market is now open to O/seas buyers then they have deep pockets, exchange rates and appetites. Real Estate is currently no different!

Only 4 or 5 years ago Cossy Sierras were relatively worthless in their home country and in this short space of time have increased somewhere in the region of 400-500%. Porsche 356's have more than trebled in the last 3 or 4 years! Splitty Kombis etc.

I actually think Genuine Cooper S's are undervalued, they haven't increased 400% in the last few years and will keep increasing in value because of global forces. I don't know that a European or Japanese investor would buy an overpriced XY Falcon to import home before a nicely restored Cooper S?

One other thing I have noticed is race cars often have a smaller but much more intense pool of buyers. ie. You might have 40 people wanting to buy the same road car at a Shannon's auction and most know what the last one sold for and another will come along soon enough. Race cars however are all unique and it only takes 2 people that "have to own it" and its time to measure pockets as there isn't another one coming along if you miss it. I'm talking about the race cars that hit the open market.

Anyways none of that matters to me as I'm keeping mine cos I love them......... unless a better one comes along.

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PostPosted: Sat Oct 14, 2017 7:36 pm 
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$91,650.00 For a mini today!

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PostPosted: Sat Oct 14, 2017 7:46 pm 
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davem wrote:
$91,650.00 For a mini today!

More for the unique/rare ones, however your a year or so too late! :shock:

Good to see this thread hasnt turned into the usual 'originality' debate. Good work all.

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PostPosted: Sat Oct 14, 2017 8:21 pm 
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Location: Robertson NSW
Now you know 97K


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PostPosted: Sat Oct 14, 2017 10:09 pm 
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davem wrote:
$91,650.00 For a mini today!

:o crazy money


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PostPosted: Sun Oct 15, 2017 8:29 am 
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Location: Hyde Park, SA.
I wish that Mossgreen auction had not been so successful, - my Wife is already badgering me to sell the Cooper S, which was once the cheapest car in our shed, but apparently not any more?


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PostPosted: Sun Oct 15, 2017 10:51 am 
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:wink: Just price it at $150,000 and if not sold, at least you tried!

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PostPosted: Sun Oct 15, 2017 5:08 pm 
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Hmmmm. Interesting.

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1964 Austin Cooper S ex-Group C race car
1967 Morris Cooper S ex-Group B
1962 Mini Speed sports sedan
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PostPosted: Mon Oct 16, 2017 9:29 pm 
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About $78K (over-priced) and the rest went to Moss Green in fees and "Buyers Premium"...bizarre! :roll:

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Last edited by 9YaTaH on Thu Oct 19, 2017 7:03 pm, edited 1 time in total.

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PostPosted: Thu Oct 19, 2017 7:03 pm 
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Still good money though!


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PostPosted: Thu Oct 19, 2017 7:05 pm 
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Right! So next time you are looking at a ratty De Luxe and they want $50K because people in white shoes have talked the prices up...are ya gunna complain :?: :roll:

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PostPosted: Thu Oct 19, 2017 7:23 pm 
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If that's what the market is saying , so be it , it's up to you as whether you want to spend that sort of money, totally your call .


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