Mk IIs at Monterey Auctions

This is why I've been kind of interested in the Tiger sales results this year in Monterey...I had a feeling we'd see new highwater marks established. But, I was thinking in the $150k range, maybe $165k.

I don't know if these sales establish "the market", but they certainly have changed the conversation relative to Tiger pricing.
 
66TigerMK1A said:
So... the 'other' MKII ( Scott Woerth Restoration ) also sells for $210K !!

http://www.mecum.com/lot-detail.cfm?lot_id=CA0814-191300

Wonder if the fellow that bid up to $200K on the green car bought it ?:confused:

Is this the new MKII trend /price or do a few more need to 'clear' $200k first ? :eek:


Jim
B382000446
Click to expand...

Jim,

I have a Cobra friend that has been actively searching for a restored Tiger
and he was looking at the both of these Tigers. I personally looked at both cars and the Red one was hands down much better. Just after the close of auction on the RM car my friend called Legendary Motor works to inquire about a new listing for a MKII with a listing price of $98k while on the phone the price changed to $150k !!! Reason...market change....


Moondoggie
 
Moondoggie said:
Jim,

I have a Cobra friend that has been actively searching for a restored Tiger
and he was looking at the both of these Tigers. I personally looked at both cars and the Red one was hands down much better. Just after the close of auction on the RM car my friend called Legendary Motor works to inquire about a new listing for a MKII with a listing price of $98k while on the phone the price changed to $150k !!! Reason...market change....


Moondoggie
Click to expand...

I was thinking about the 'Canadian' car this morning also... it's actually been for sale for a little while and I was wondering if the $98K was in C$ or US$ as C$98K is 'only' about US$90K ! Could have been a steal after this weekends prices lol! :rolleyes:
oh well.. :(


Jim
B382000446
 
don't believe the hype

These prices should been seen within the very special window of the context they are being sold in. We all note in recent years that cars at the big auctions have brought us some eye opening prices... Not reflective of the cars being sold often. They seem to be bought by either new to the marque people or speculators who then try and flip them.

Monterey is a $ fueled event... The tigers will seem cheap givwn the sales around them. Add in the 50th anniversary a bunch of tigers on track, record prices for other cars on the sake and admittedly two very nice mkii the rarest of the breed and I think we saw values go 30% clear of the high point of the top of the market. Yes people will now use this to bump the values the next hemmings guide will enforce this... But will this be the new norm... I doubt it.

I do forsee a few mkiis being spruiked at high values soon... Maybe a few might sell to speculators trying to catch a perceived wave but common sense will prevail. There is a fully restored "mkii" for sale down here price range au$98-129 depending on season.. For sale for 6 years now ... With a rush of blood a stateside buyer could g it ship it and land it for USD 140 I guess if they pay 129.... But make sure what you are buying.
 
66TigerMK1A said:
So... the 'other' MKII ( Scott Woerth Restoration ) also sells for $210K !!

http://www.mecum.com/lot-detail.cfm?lot_id=CA0814-191300

Wonder if the fellow that bid up to $200K on the green car bought it ?:confused:

Is this the new MKII trend /price or do a few more need to 'clear' $200k first ? :eek:



Jim
B382000446
Click to expand...
Wow,:eek: this is just amazing to me. I'm new to Tigers having just bought my MK1A and don't ever plan on letting it go. Do you guys think this will trickle down to MK1's eventually? I like to drive my cars but if they keep going up one may begin to have some hesitation about driving these . I guess if you own one its nice to see appreciation and the possibility of maybe getting some of your money back should you ever decide to sell. I would hate to see them all disappear into garages someplace never to be seen on the road. Just my .02 cents.
 
dstephns said:
Wow,:eek: this is just amazing to me. I'm new to Tigers having just bought my MK1A and don't ever plan on letting it go. Do you guys think this will trickle down to MK1's eventually? I like to drive my cars but if they keep going up one may begin to have some hesitation about driving these . I guess if you own one its nice to see appreciation and the possibility of maybe getting some of your money back should you ever decide to sell. I would hate to see them all disappear into garages someplace never to be seen on the road. Just my .02 cents.
Click to expand...

MK1A's have gone up 'officially' at least 45% in the last year and a half although in the 'real' world market maybe not so much...
I repainted my car last year and for a nanosecond thought it might be getting 'too nice' to drive regularly...:rolleyes:
Well... it's had over 3000 miles already this year and ya... there are a few battle scars on it... but to me it's all about enjoying the car. I cannot do that without DRIVING it!! Those 'high' values are at least fodder to have my appraisal increased yet again for ( god forbid! ) theft or fire or even ( shudder ) accidents but as it's never actually going to be for sale ( in my lifetime ) so it's not that big a deal for me!
Drive it! Fix it up!.. and know that you'll probably never lose any money while owning it. they are fun to drive! especially with a little more HP eh Duke ? ;)


Jim
B382000446
 
My freind Lee P in Albuquerque claims that the red car is the car that he sold a year ago.
He had the car for a number of years and i got to see it in his garage in a air controlled bubble.
I won't disclose what he sold it for but can tell you he is of coarse kicking himself :mad:
 
I mentioned earlier that I had looked at both of these Tigers and clearly RM does a much better job than Mecum and in fact I would not use Mecum. Rm
has a secure preview area that is well staffed so your car is well protected
from the careless lookers and it charges $40 a head to get in and look. Mecum has hundreds of cars parked all over the golf course and it's open to the public
with little security. I was able to stroll right up to the red Tiger and pop the hood and trunk with no one around...clearly Mecum is all about volume and last year 4 cars were stolen off the lot..............seller beware

Moondoggie
 
MkIIs at Monterey Auctions

Anyone know if the green one has a hardtop? Without it, I wouldn't have given a penny over $205K.
 
Guys

Not saying these are not great cars, but.....

Anyone remember the was it a $93,000 MK1 auction with a machine engraved vin tag?

Where are the reports from the scouts in the field who had eyes on these purrty beasts?

Me I was running around town at Porsche show and other places where the talk was churn churn churn, "There is no Bubble," in full tilt Svengali mode, and Pay no attention to the man behind the curtain.....

It was nice seeing Seinfield's bookend 356's
 
MaineTiger said:
Anyone know if the green one has a hardtop? Without it, I wouldn't have given a penny over $205K.
Click to expand...

It did not have a hardtop and the Mecum Red Tiger did have a hardtop.
In my opinion the green car was a nice driver and the red car needed the correct hardware installed and a major detailing to come even close to the Tigers we had at the Concours on the Avenue.

Moondoggie
 
Found this online today............

On a more positive note, we saw world-record prices for cars such as the Sunbeam Tiger and the Jaguar E-Type smashed and in the example of the Tiger smashed again. Russo & Steele set the tone early with a Tiger at $149,000, and RM shortly thereafter reset the mark with an unbelievable $225,000. So apparently Tigers are no longer "the poor man's Cobra." And early Sunday evening, Gooding reset the bar for a non-lightweight production E-Type via its $528,000 sale of a 1961 Series 1 3.8-liter roadster with a hardtop and whitewalls, besting the previous mark around $450,000 at the joint RM/Christie's sale in New York last November.
 
Free Sarcasm

cobrakidz said:
Found this online today............

On a more positive note, we saw world-record prices for cars such as the Sunbeam Tiger and the Jaguar E-Type smashed and in the example of the Tiger smashed again. Russo & Steele set the tone early with a Tiger at $149,000, and RM shortly thereafter reset the mark with an unbelievable $225,000. So apparently Tigers are no longer "the poor man's Cobra." And early Sunday evening, Gooding reset the bar for a non-lightweight production E-Type via its $528,000 sale of a 1961 Series 1 3.8-liter roadster with a hardtop and whitewalls, besting the previous mark around $450,000 at the joint RM/Christie's sale in New York last November.
Click to expand...

Gee; looks like I've moved into an affluent neighborhood . . . .:rolleyes:
 
That xke would want to be a flat floor outside hinge car that's low mileage unrestored and looks like it just left the dealer ... And even then.... Wtf
 
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