Hi Chris,
I see your point and agree on principle, but not on your value assigned.
The main reason is that documented "Basket case" 100Ms in the U.S. are
currently going for around $50 to $60K. Subtract the price of a similar
"Basket case" BN2 and you have the value. In this I am assuming that you
then ship this basket of parts off to a handful of qualified Healey
specialists and have it restored CORRECTLY for anywhere from $100 to
$120K. If you want it to Gold Concours level, expect to pay more.
What do I mean by "basket case"? The car is completely dismantled, in
boxes of parts, mostly complete but may be missing some important parts.
It will need a complete restoration on all components and substantial body
work. The amount of body work and missing parts (100M specific parts) may
determine the final cost.
Cheers,
Curt
On Wed, May 16, 2012 at 5:59 AM, Chris Dimmock <austin.healey@gmail.com>wrote:
> My take?
> The "paper" and "documents" that make this an "M" are worth $120k
> The metal and mechanical stuff is worth $15k. Or maybe it's $110K plus
> $25k for the metal??
> So if it was a BN2 with no "M" stuff - at $15k - $25k, we'd all be good??
> Like the Lemans accident 100/S. or most other unrestored 100/Ms,
> Investors in historic items are focussed on provenance.
> I.e. is it historically correct and can it proven to be? Of limited supply?
> Check the price on Steiff teddy bears v any other teddy bear made around
> the early 1910's or so.
> It's all about limited production, and proveability. Hence works car
> prices, 100/S prices, and 100/M prices. It's the piece of paper that is the
> "value" - not the metal.
> That's the issue. The value is in the paper proof. Not the actual metal.
> Get used to it.
> Enthusiasts look at the metal. Investors look at the paper. Make sense??
> I'm an enthusiast.
> Me.
> Chris
> Best
>
> Sent from my iPhone
>
> On 16/05/2012, at 10:41 AM, "Curt/Nancy Arndt" <cnaarndt@gmail.com> wrote:
>
> > Gary,
> >
> > Wow, where to start.
> >
> > I notice they say nothing about a complete restoration since there
> probably
> > wasn't one done . Other than the flashy finned valve cover, missing its
> > original knurled knobs and oil filler cap, the rest of the engine looks
> > rather tatty. The interior is an abortion, carpet instead of Armacord,
> > incorrect door panels, and those seats are tacky. Incorrect chrome
> > headlight rims red painted brake drums and I'm sure the list goes on. It
> > needs a complete and proper restoration to justify that price.
> >
> > Just my humble opinion.
> >
> > Curt
> >
> > On Tue, May 15, 2012 at 3:51 PM, <Editorgary@aol.com> wrote:
> >
> >> Got a reference today from "Palm Beach Classics, Inc." for a " Austin
> >> Healey 100-M " they have for sale.
> >>
> >> http://palmbeachclassics.com/autodetails.php?id=151
> >>
> >> What do you think?
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