Well, it is certainly interesting.
I guess the bottom line is that if someone is prepared to pay the money, then that is what it is worth.
While I agree that these top-end prices have a flow-on effect to the value of lesser mortal Minis, we should not forget the lesson of the 1980s, where prices for classic cars, of all makes and across the globe, spiralled out of control. When the bubble burst, a lot of cars were suddently only worth half, or less, than what had been poaid for them, and a lot of people got stung.
Although I also agree that Minis (and Mokes) are generally still fairly under-valued, one of the great advantages of the Mini remaining in the cheaper realm of the classic car sector of the market, is that virtually anyone can afford a Mini, at least a base model - while high prices for top cars give everyone something to aim for.
If prices get out of control, could anyone afford, or justify, say $15,000 for a 998cc Clubman? (at current dollar value)
As for the originality of the Cooper S for sale at $50k, I have no reason to doubt it. If the owner has the original CAMS logbook and the numbers match, then why question it? Yes, the three photos are very different - I would suspect the blue plain car is as it is today, while the other two are period pics from different races.
The Bathurst livery is worth looking at. Only 2 Cooper S have raced at Bathurst with number 54 - John Lord/Ray Molloy in 1974 (crashed out on lap 105), and John Lord/John Harris in 1975 (DNF with blown oil seal). These might be the same car (?)
So, like Mike said; "whether having been raced by Makinen at Spa is comparable to being raced by Gaulson (or some other Aussie driver) at the Bathurts 1000" this needs to be considered. Different story of course if the car won its class, or won some other significant race.
Just food for thought.
As for that Moke at $20k - WTF. That is one seriously over-priced Moke. I have seen a couple of Mokes sell for $15k-$20k, but they were all seriously good gear, late model Californians with top paint and mechanically A1 - and probably worth every cent.
But this thing for $20k is absurd, especially when you see two others
http://cgi.ebay.com.au/ws/eBayISAPI.dll ... osi_widget and
http://cgi.ebay.com.au/ws/eBayISAPI.dll ... osi_widget
currently at $6,000 and $7,600 (reserves not yet, but are realistically worth a lot more if they are mechanically and structurally sound).
The $20k Moke is also not correctly identified - it is a 1976 Moke (extra panel for reversing light) and is therefore not galvanized (which a 1979 one should be), and the description says it has rust in the battery box and the floor is an unknown quantity because of the sealant all over the floor (never a good sign).
Anyway, thems my opinions.
Cheers,
Watto.
