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Values of minis
https://www.ausmini.com/forums/viewtopic.php?f=2&t=83901		 Page 1 of 2
Author:  dubbomini [ Wed Dec 18, 2013 10:51 pm ]
Post subject:  Values of minis
Hi lads
Do we have a sticky whereby we have market value ranges for the values of Classic Minis?
I'm thinking of selling my mk1 S, I can't find a market value to advertise it at?.
Author:  winabbey [ Thu Dec 19, 2013 9:31 am ]
Post subject:  Re: Values of minis
The older a car is the more its condition affects the value, in my view. That's why it would be difficult to maintain a market value table for Minis. Even searching through Carsales and the like only gives you the desired price, not the final negotiated sale price. At least with eBay you see the final sale price.

Having said all that, there was a MK II Cooper S sold on eBay a few months ago for around $27,000. There's pictures of it in this thread - viewtopic.php?f=2&t=83604

For a MK II S in that condition I think $25-30,000 is reasonable. Lower the price if lots of rust or other issues and raise it if the car approaches concours condition. Historically Mark 1 Cooper S's bring a bit less than a MK II, so if your car is in a similar condition to the one above then $18-25,000 seems sensible to me.

But others will have their own opinion, which is no doubt what you would like to hear. :)
Author:  Irish Yobbo [ Thu Dec 19, 2013 9:39 am ]
Post subject:  Re: Values of minis
You can get a running registered leyland 998 for $2000-$3000. You can go elsewhere and get a 'good' leyland 998 for $9000.

It all comes down to condition. Have a look here: http://www.carpoint.com.au/used-cars/MO ... l-make.htm - I'd say $20-30 thousand depending on condition, feature etc.
Author:  low n blown [ Thu Dec 19, 2013 11:24 am ]
Post subject:  Re: Values of minis
Bang it on E Bay with heaps of pics, a detailed description and make it available for viewing. An auction is a good way of setting the market. I would definitely wait for a few weeks. This time and until late Jan is always a bad time in the auto industry. Good luck with the sale.
G.
Author:  wallie [ Thu Dec 19, 2013 1:44 pm ]
Post subject:  Re: Values of minis
I'd say around the $20k as stated depends on condition and how original it is. But the market is always changing I think people arnt fetching much over $20k here in SA and not selling to quick some waiting up to 6 months to move
Author:  850 GT [ Thu Dec 19, 2013 8:34 pm ]
Post subject:  Re: Values of minis
1 ST step get roll of string and scissors, pull some string of roll, pick a point. add collectability, + age, + or - for condition, adjust for colour
factor in location. then decide how bad you want to sell and how long you want to wait.
2 ND step take scissors cut string.

Answer is found!
Author:  Gezo [ Thu Dec 19, 2013 9:46 pm ]
Post subject:  Re: Values of minis
I agree, it would be good to have a permanent Price Check Section on this forum like many other forums do, where you can get a guide off regular vendors on what the current value of your car or part is worth before you sell it.
Author:  grouch [ Thu Dec 19, 2013 10:27 pm ]
Post subject:  Re: Values of minis
As someone who's been going through this whole business of trying to flog an MGB and trying to buy a Mini, I can assure you that there is no such thing as 'value' with these vehicles. Determining a sales price is like herding cats, and long hairs at that. The problem lies in the age of the things. Firstly, you can't just compare them with other vehicles in the nominated price range and get an accurate comparison - do you really imagine that your Mini offers comparable value with a modern vehicle with all the bells, whistles and safety advances? Secondly, nearly all of our vehicles have been modified over the years, even if it was just to keep them going. Thirdly, condition. In a car that's 40 years old, things have worn, things have rusted, seats have sat out, paint has packed it in - this and how it was addressed all affects the 'value' of the car.

Finally, there's the prices people put on these cars. You see silly prices asked for some vehicles but if enough ignorant people buy them at those prices, the 'value' of the car is inflated to suit.

Realistically, the 'value' of a car is what you can con someone into paying for it, which is a real bugger for people who are basically honest in these dealings. I suspect that with enough experience, you can determine an honest middle ground, but there will be a very large halo of prices either side of it.

This doesn't help the OP much I know, but it's where I've found myself after trying to value my MG for sale and while looking for a suitable Mini to replace her.
Author:  Sletchman [ Fri Dec 20, 2013 12:41 am ]
Post subject:  Re: Values of minis
grouch wrote:
Finally, there's the prices people put on these cars. You see silly prices asked for some vehicles but if enough ignorant people buy them at those prices, the 'value' of the car is inflated to suit.


This, so very much. I'm looking at picking up a new mini (uh, a new 50 year old one...) and I've seen "Mini Cooper Clubman, suit restoration: $16000" listed. The owner was dead serious (it was a bog standard 998 Aussie Clubman, nothing special about it - aside from it having not been touched in about 40 years). There's also the fact that 99% of all Cooper's listed aren't actually Coopers that muddies up the water (I'm not suggesting yours isn't, OP, just saying that having fakes that the general public can't spot flooding the market dilutes their actual value).

Location is also a factor - on Carsales, there's only 3 Morris Mini's for sale in Qld out of a total of 18. and not a single Cooper (assuming all the ones listed are actually what they claim). So it might be easier to sell a Cooper in Qld then it is in NSW (where there's 5). Which I guess reminds me, I should look into how hard it is to have cars shipped (not to derail the thread).

Anywho, I guess my point is that maintaining a list like there is on some other vehicle enthusiasts forums isn't quite as practical. No other car that I can think of has as many pretending to be a prestige variant messing with their values, or has such variance in prices for two similar examples.
Author:  wallie [ Sat Dec 21, 2013 9:53 am ]
Post subject:  Re: Values of minis
Sletchman wrote:
grouch wrote:
Finally, there's the prices people put on these cars. You see silly prices asked for some vehicles but if enough ignorant people buy them at those prices, the 'value' of the car is inflated to suit.


This, so very much. I'm looking at picking up a new mini (uh, a new 50 year old one...) and I've seen "Mini Cooper Clubman, suit restoration: $16000" listed. The owner was dead serious (it was a bog standard 998 Aussie Clubman, nothing special about it - aside from it having not been touched in about 40 years). There's also the fact that 99% of all Cooper's listed aren't actually Coopers that muddies up the water (I'm not suggesting yours isn't, OP, just saying that having fakes that the general public can't spot flooding the market dilutes their actual value).
.



ive seen a few imitation cooper s advertised for about $20k & think there on crack
Author:  simon k [ Sat Dec 21, 2013 6:05 pm ]
Post subject:  Re: Values of minis
I did some tidy-up work on a MK1 S for a bloke 3-4 years ago, he asked what it was worth and I said about $16K - he put it on ebay at that, and no-one bid on it.

Then he put it in Just Cars and people fell over themselves to get it, ended up going on a truck to Perth I think.

I reckon it was worth that, and not much more, but other people would say it was worth more.... It was registered and roadworthy, looked nice but the paint wasn't well done and it was just a bit past being a simple tidy up. I thought it it needed $4K spent on it to make it a $20K car
Author:  grouch [ Sat Dec 21, 2013 7:27 pm ]
Post subject:  Re: Values of minis
People right across eBay want bargains and generally speaking, only pay what something is worth when they don't know any better. The number of times I've seen bicycle components go for more than what you'd pay retail is staggering yet when people put up a realistic asking price, they're ignored. Just daft, it's like watching a lunatic asylum.
Author:  dubbomini [ Mon Feb 03, 2014 9:32 pm ]
Post subject:  Re: Values of minis
Hi guys how does this advert sound?
I'll post it up on eBay soon
What do u think?

1967 Cooper S

All the usual identification markings such as riveted oil cooler support bracket, fuel tank breather vent, fuel line tabs, etc. no one yet can claim its a replica. I have photos of her unmolested and have most of the original bits of her before the resto. Eg. Badges, engine parts etc.
the car was stolen in the early 1970's with the car returning to Coonamble NSW where it lived a rust free life until it was parked under a peppercorn tree ( I have the photos when it was discovered, and the phone numbers of two past owners). The thieves have what appears to have "beaten" the body number etc out of the firewall and in the radiator support panel.
It has a police book number now
Full nut and bolt restoration,
Rotisserie repaint in Acrylic Lacquer -lake green, with white roof
New Wiring harness/loom
New suspension components
Rebuilt disc brake front end
New bumpers and overiders front and rear.
Reconditioned fuel tanks (Coated in POR 15)
New solid state fuel pump
Re trimmed roof, back seat, door cards and roof lining.
POR15 Coated subframes and suspension.
New brake booster
New tail and head lights.
New clutch and brake reservoirs
Hydrolastic suspension in good order with new dampers on the front
Two new oil pressure and voltage period gauges
Genuine cooper s mk1 speedo
Brand new rubber seals throughout car
10" contessas (fully restored) with as new Yokohama A032r semi-slicks
New Speco tacho, and original steel wheels that came with it

Engine:
All work carried out by Graheme Russell Engineering
Cooper S block 9fSAY&&&&&&&
EN40B Balanced and ground crank
Chemically cleaned , decked, bored out 40" thou (1330cc)
40 thou Hypatech pistons/rings
Rimflow valves
Double valve springs
12g940 Head comprehensively reworked by Graheme ($2,000 in labour for head)
ARP head and conrod bolts
All rotating assembly balanced including lightened flywheel
Double row timing chain
New oil pump, water pump
45 DCOE Weber Carburettor on high flow manifold
Maniflow extractors, High flow exhaust
New radiator, oil cooler and hoses for both.
Reconditioned hardi spicer joints, reconditioned gearbox

Interior has been fully re trimmed in grey, which includes head lining, rear seat and carpets. The door trims, dash and pockets are re-trimmed in light green vinyl.
The front seats have been left original and when I purchased the "s" 7 years ago the chap gave me a set of matching grey recaro style of reclining seat with a MK2 Cooper S badge embroidered on them. (Not my cup of tea)- see pictures attached.

The car has always been locked up in a ventilated shed in Dubbo, NSW and is a powerful beast with around 100BHP conservatively. It has done 20kms since it was rebuilt.
The only reason I am selling it is because of private school fees and I spent around $7,000 on the motor alone and it should be driven by someone who could appreciate it more than me.
Author:  Monaco [ Mon Feb 03, 2014 9:50 pm ]
Post subject:  Re: Values of minis
The advert sounds ok. However, the first question that comes to mind for me is, does it have a body plate? Might pay to say whether it does or not. For me the fact that the numbers stamped into the body have been messed with significantly reduces the value (everyone with have their own opinion on that), many people will not be interested. Best of luck with the sale!
Author:  simon k [ Tue Feb 04, 2014 2:05 pm ]
Post subject:  Re: Values of minis
dubbomini wrote:

All the usual identification markings such as riveted oil cooler support bracket, fuel tank breather vent, fuel line tabs, etc. no one yet can claim its a replica.


that rings alarm bells for me.... makes me instantly sceptical... just saying
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