As the free market dictates, supply and demand drive
price, but my theory is that it's a little more
specific than that... more relevant to driving values
up, are supply and demand of top notch Tigers, whether
original, restored or modified. As demand for top
quality cars outpaces the supply of such cars, buyers
are faced with the prospect of bumping up their bids
against the competing buyers, or buy a car and restore
it (a far more expensive path). The recent $40k MkII
was a great deal compared to buying a beater MkII and
restoring it. Tiger's are undervalued, because the few
buyers are looking for more than good looking drivers,
not truely great examples.
If you think Tigers are undervalued, research Jensen
Interceptors a little bit. Far more exclusive and more
expensive to restore than the Tiger, yet $10k - $15
will get extremely nice examples. The very best
Interceptor saloons can't even approach $20k. These
days the "lowly" Jensen Healeys are approaching
Interceptor Saloon prices.
Now look at the common little high volume cars pulling
in the same or more. It's the supply/demand at the
high end of the market that drives these values up.
There are quite a few collectors looking for mint MGS,
Sprites and the like, and their prices reflect that
fact.
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