Glut of qual­ity MGBS her­alds a down­turn in prices

Classic Cars (UK) - - Chasing Cars -

June auc­tions saw MGB prices take a down­ward dip. Barons dis­patched a red ’78 road­ster with a chrome bumper con­ver­sion, fresh MOT, 43k miles and £1600-worth of bills for a give­away £2915.

CCA also had mixed re­sults, with five MGBS all knocked down for tempt­ing money. An as-new 1970 Bronze Yel­low road­ster sub­ject to a to­tal bare bodyshell resto made only £9350 – prob­a­bly half the re­build cost. A 1980 rub­ber-bumper GT in Glacier White with 5200 miles made only £9k, while an as-new 1980 GT in BRG with a tiny 1540 miles didn’t sell. Nei­ther did a com­pletely re­stored 1970 road­ster in red. Even a nicely mel­lowed ’72 road­ster with Oselli-tuned en­gine and 20-year own­er­ship made just £5740.

Anglia Auc­tions strug­gled too, with no fewer than 14 MGBS. The best pair, both older Her­itage bodyshell to­tal re­builds, made only £8904 and £13,780, eight oth­ers av­er­aged out at £4600 each and two were no-sales. There’s tremen­dous value in MGBS right now. Over-sup­ply is putting pres­sure on val­ues and even very fine ’Bs are around 40% down from 2015. MGBS may be a bit clichéd, but they’re still un­com­pli­cated, good to drive and in­fin­itely more in­ter­est­ing than an MX-5. There could also be a soft­en­ing in MGC and MGB GTV8 prices. CCA’S 1970 older restora­tion MGC GT made only £12,320, while H&H’S very orig­i­nal white ’73 V8 with 84k was un­sold. Track the mar­ket care­fully – a to­tally re­built MGB com­plete with new Her­itage bodyshell for around ten grand is crack­ing value. And look­ing at to­day’s mar­ket, find­ing one shouldn’t be hard.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.