Tiger sold at Mecum

TAH_Tiger

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green tiger sold yesterday at mecum for $62,000 that was sold for $35,000 on eBay 6 months ago.
 
The Mecum Tiger:

http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CA0813-161237&entryRow=73

1966-Sunbeam-Tiger.jpg

lot_detail.cfm
 
Lets not

Be too hard on a new prospective members car. The tag would look nicer with the new age silkscreen Letraset rub on static cling "For information....."
This cars sale price eclipsed the last machine engraved auction cars tag though.
Like to hear what our members who saw the car in person comment on its positives. Car restorer types do stupid things and loose little things.
 
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Wasn't meaning to 'beat up' on it or I would have made a much longer post!

I'm fine with what's no correct on it ... looks pretty sweet in the pics '
My personal preference in Tigers leans waaay far away from 'correct' stock actually
It wasn't long ago that only a near perfect car could fetch that kind of money but prices are definitely on the rise... I better give Hagarty a call and up the agreed value on mine ... ;)


Jim
 
I am sure a lot of our cars have looked worse before they looked better. As long as it was done right there shouldn't be any issues. I love the 289 Cobras and most of the ones that were raced got quite beat up, but they still bring $1 million plus. I know our cars are not that expensive but when they are repaired correctly they seem to bring the same amount of money as the others. Hope this makes sense.
 
It's just missing a bit-O-tin

Pretty hard to imagine the effort it took to get from here, it's original condition, to something valued at $96,250.00.
View attachment 4058

Well guyz; we here in the Nor'east rust belt have been knitting new things from nuthin' for decades. It's very common for us to start with bottomless kittens. Granted, the man-hours cause even the more experienced owner to blink & gasp. In the end, it's fun again . . . . . .
 
I guess the issue is it at one point looked like the epics norm posted... which is fine if you have the time/money to pour into rebuilding it correctly.. however the issue with this car is that it came out looking nice and shinny.. and acquired some home made VIN and JAL tags... had they rusted off too?

Also I still dont get how the car can be missing the soft top boot cover for that kind of price... i am always very suspect of these results.. we see these huge figures paid in US auctions and cars we know to be better dont sell for 3/4 this amount... I should pack my car up.. ship it back to the USA and sell at monterey next year... then go buy another equal car and have 20K in my pocket.
 
For those of us who have invested significant amounts of time, energy, and money into their cars, the trend toward higher values should be a welcome one.
I have no plans to sell anytime soon, but there likely will come a day....
 
I know it sounds odd when we "pick" on certain cars when they sell for high prices.. in theory some may look at it as us talking the cars values down.. I think of it in a different way.

The Tiger community is a pretty enthusiastic one, we are not speculators or investors.. we love the cars. It is good that the value climbs and that the cars draw attention... but i think where this line of critique of these cars comes from is that we see these results at auction where cars that have some quite serious questionable things sell for well beyond what correct/compromised cars sell for.

The auctions seem to either work on a booze fueled, hype driven frenzy or the results are not legitimate. Take into consideration that you could have bought one of the best MKII's fully restored and completely correct recently for the same $... now you may not want a concourse factory correct car... but there have been some beautiful well sorted/modified Tigers restored by well known people for 20% less than this.... so why does this car with home made tags, simple things like the hood covers missing (how do you leave that off and have the back of the car looking like a mess) and not much disclosure of history sell for what i think we all consider top $?

I think we would all like to seethe market appreciate our cars.. but perhaps we want an educated market... you dont want people looking back on their purchase and regretting it .. that's why I think we all try and get the information about the cars, their specifics and what makes a Tiger out as openly as we can.

this is just my $.02
 
mecum

it seems that all the negative talk could tend to devalue the cars. there was an alpine on e bay recently that was up to about 26K. a good friend of mine was the high bidder at the time the owners pulled the auction. he was told the auction was stopped because of all the negatives. if enough negatives are said they tend to work the mind game on possible buyers and doubts over shadow and cloud the good things. sometimes the seller wonders about the negatives and they question whether they should sell. e bay is a different bird since the entire world has access to the negatives on the forums. if you have ever set thru these auctions like I have I think you will find that some of the bidding is impulse buying. they're not buying the car as an investment but it catches the eye of someone and they decide they want it and they pay more than they should. the odds are they know very little about the cars. I found a 62 impala SS ragtop very similar to the one I had at an auction in florida. a couple guys started bidding against each other and the price went up. it sold for a lot more than I would have paid and more than it was worth. It's all about the way the auction company works the bidders. it's marketing. auctions seem to be the way to go after looking at what cars have sold for.
 
Talk

Informed buyers and sellers?

I think.. that buyers should be informed and not driven by excitement or competitive bidding. I have been at the auctions and seen them on TV. Bargains happen.

A business for sure but not for me. Neither as a buyer or more likely as a seller.

Rick:eek:
 
I am pleased to know that Tigers are appreciating in value and desirability. I would like the upward trend to continue.

I've always felt that our cars were generally undervalued and under-appreciated and I never understood nor accepted that.

I see no point in being negative and/or critical when a car fetches a good price.

My two cents. :)
 
I've been watching the auction market for a long time and the well known and famous auctions (Barrett-Jackson, etc.) overall bring the highest prices. If you read Keith Martins Sports Car Market magazine which covers auctions at smaller venues along with the hyped auctions, the smaller auctions bring sale prices that are more in line with the actual market. In one of the recent magazines a Tiger sold for less than $40,000 that seemed to be the equal of the one mentioned in this thread.
 
The Pressure Is On

Informed buyers and sellers?

I think.. that buyers should be informed and not driven by excitement or competitive bidding. I have been at the auctions and seen them on TV. Bargains happen.

A business for sure but not for me. Neither as a buyer or more likely as a seller.

Rick:eek:

The bride has noted the rise in values and keeps hinting that our original ole' #78 might find itself on the auction block. Fortunately, the grandkids disagree. :rolleyes:. . . . .
 
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