Yeah, this is an example of someone buying a "last of marque" car and
storing it, hoping to sell it for big $$$ later. Unfortunately, a lot of
people had the same idea with 1980 MGBs, so it didn't really work out to be
such a hot investment. When you consider inflation and storage costs, they
may not have broke even (compare the price of a new Miata, even the base
model with no options).
A real puzzler is what to do with such a purchase. It almost has to stay a
museum piece. If you drive it, the value drops to that of a regular MGB. And
it doubtlessly needs all new rubber and hydraulics in order to be safely
driven, anyway. You might have to put $2-3K into it in order to make it into
a $10K driver -- that's definitely not a good investment.
On the other hand, it is valuable to posterity to have such pristine
examples preserved. But it more an act of philanthropy than an investment.
--
Max Heim
'66 MGB GHN3L76149
If you're near Mountain View, CA,
it's the primer red one with chrome wires
on 2/20/06 10:41 AM, Aeseeyou@aol.com at Aeseeyou@aol.com wrote:
> Has anybody had a look at Item number: eBay item # 4612989869 It was an MGB
> un-Limited (1979-80) that just went for....US $20,250.00 (Reserve met) In fact
> the auction ended early with the Buy it now clause today Feb-20-06 05:15:24
> PST! The car looked really nice. In fact if I read it right the specs said it
> only had 52 miles on the odometer! Somebody must have bought it just to look
> at it....Hmmmm?
> Cheers
> Albert Escalante
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