----- Original Message -----
From: "Tim Murphy" <timmurph@fastbytes.com>
To: "'FOT'" <fot@autox.team.net>
Sent: Tuesday, August 22, 2006 6:55 PM
Subject: [FOT] TR-5 value
> Well, the negotiations are to the point of seriously talking price on the
> TR-5. Anybody have any idea of what one is worth? I would say, based on
> pictures and reports from friends, that the condition is not exactly
> concours
> but a "drivable concours". Very nice, no known major problems, paint and
> body
> in very good condition, interior in very good condition, clean throughout.
> Any opinions would be appreciated.
>
> I once heard about someone who follows the "classic" car auctions and
> has
> a newsletter and a service you can subscribe to to get current values.
> However, I can't seem to locate that service. All the auctioned TR-5's I
> could find are quite long ago. Thanks in advance for any info.
> Tim
The value issue is unique for this car because
of its rarity in the north American market.
As a minum, we can start with a comparable TR-250
to set the lower value point. The latest Old Cars
Weekly Price Guide (October 2006 issue) lists a set of 6 values
from #1 Concours to ^6 Parts Car.
The values are:
#1 - $16,000; #2 - $11,200; #3 - $7200; #4 - $3200; #5 - $1900; #6 - $650
Personally, I think these are all low for a TR-250 given the uniquness
of that particular model (only 6464 units produced). Never-the-less,
using those numbers and Tim's description I'd say the condition
of the car in question is probably better than a #3, but not up to
a #2. Here's an abreviated set of descriptions per OCW Price Guide:
#3 - VERY GOOD - Completely operable original or "older
restoration" showing wear. ... In general, most vehicles seen
at car shows are #3.
#2 - FINE - Well restored, or a combination of superior and
excellent original. Also an extremely well-maintained
original showing very minimal wear. Except for the very closest
inspection, a #2 car may appear as a #1... A #2 will win many
top awards at shows, but would lose out if a #1 car is
present.
#1 - EXCELLENT - Restored to current maximum
ptoffesional standards in every way or a perfect original appearing
as new. A 95 point or higher (of 100 possible) points
car that is NOT driven. In national judging, a #1 is
likly to win top honors.
Given this, let's say a 250 of equivalent condition to
the TR5 in question would have a value somewhere
around $9000 to $10,000. The unknown then becomes the
uniqueness (about 3000 units produced) of the TR5 vs
even the TR-250 AND the fact that no TR5s were
marketed to north America at all... although a handful
of TR5s have since found their way hre via private
importation.
If I were appraising such a vehicle for insurance stated values
purposes I'd probably apply a 50% additional value.
I base that on the rarety of the car here and the prospect
that someone could, if they really wanted a TR5, buy
one in Europe or the UK and privaely import the vehicle
themselves.
Given the above, I'd peg maximum value of the TR-5
as described as being $14,000 to $15,000. In the end, it really
comes down to how much is being asked
vs how much the buyer is willing to spend.
Hope that helps,
Cheers,
Bill Sohl
Triumph & other British Car Appraisals
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