25-01-2019, 05:41 PM
Speaking as someone who has collected Mini's for over 35 years & who has only just started an adventure into pre war cars. One of the biggest things that brassed me off about Mini's was the ridiculous prices that they were regularly achieving.
Undoubtedly, a large part of this price bubble with all classics from the 1960's (but Mini's in particular) is the fact that a lot of the buyers are buying car's from their childhood & are now in their 50's & 60's with a decent amount of personal income to spend. This will as sure as "eggs is eggs" pass.
I also believe that the high water mark has already been & gone. over the last 2 years "Interesting" well restored Cooper S's have regularly been making in excess of £70,000, with mundane examples often topping the £50,000 mark, the price already seems to have dropped down to £30,000 & I believe that they have got some way to go yet.
While I still think it is questionable whether a really interesting pre war car can be bought for any less than a decent competition Mini, I do hope that the prices are more stable & predictable. While the demand is undoubtedly lower, the supply is equally meagre.
Finally, making the mistake of trying to compare a celebrity owned car with a similar item owned only by Joe Bloggs is impossible. The cache of celebrity ownership will ALWAYS force prices through the roof.
Finally, please note that Spike Milligan's Mini is being offered, it hasn't been sold!
Undoubtedly, a large part of this price bubble with all classics from the 1960's (but Mini's in particular) is the fact that a lot of the buyers are buying car's from their childhood & are now in their 50's & 60's with a decent amount of personal income to spend. This will as sure as "eggs is eggs" pass.
I also believe that the high water mark has already been & gone. over the last 2 years "Interesting" well restored Cooper S's have regularly been making in excess of £70,000, with mundane examples often topping the £50,000 mark, the price already seems to have dropped down to £30,000 & I believe that they have got some way to go yet.
While I still think it is questionable whether a really interesting pre war car can be bought for any less than a decent competition Mini, I do hope that the prices are more stable & predictable. While the demand is undoubtedly lower, the supply is equally meagre.
Finally, making the mistake of trying to compare a celebrity owned car with a similar item owned only by Joe Bloggs is impossible. The cache of celebrity ownership will ALWAYS force prices through the roof.
Finally, please note that Spike Milligan's Mini is being offered, it hasn't been sold!