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Yes, the auctions are an expensive way to sell a car. Getting a car =
registered, transportation and the fees charge to both the seller and =
the buyer are quite eye watering unless you have a highly sought after =
car such as a 23 window VW van or a Ferrari or similar. I have a friend =
who has a very nice mid '90s Jag XJ6R. This is a very nice car, great =
condition, well looked after, runs perfectly etc. Mark took his car to a =
local "collector car" dealer who takes cars to local auctions. Mark =
ended up incurring about $1500 in fees trying to peddle the Jag at $10K =
- with no sale. The dealer charged $400 to "detail" a car that had just =
had an expensive detail just prior to it being listed added storage and =
"processing" fees etc.
But, auctions DO tend to set "market values" and drive cars to a higher =
value. I have another friend who has an absolute jewell of a 1970 split =
bumper MGB. The evaluation guides, such as Sports Car Market, KBB =
Classic, Hagerty etc. indicate that this should be a $14K - $18K car. =
Advertising and trying to sell it around here at $10K, in winter, has =
resulted in not one single nibble. My suggestion would be to advertise =
the car to the widest audience possible and be patient. Websites such as =
The MG Experience, NAMGAR's website (and print) and NAMGBR's site point =
the car to the widest possible audience - of targeted buyers - folks who =
are already knowledgeable and interested in MGs, seems prudent. Showing =
the car at local British Car shows and at local club events and in local =
club newsletters can often be effective as well.
The biggest problem with Magnettes is A) the lack of "comps" and B) =
relatively few folks know what a good car they are - with a resulting =
lack of solid demand. I would hate to be the one to have to be the =
benchmark or trendsetter! I guess that part of our task as the leading =
Magnette support group would be to publicize the cars as much as =
possible (establishing desirability) and to support and publicize any of =
the sales that result in an appropriate sale price and "real" value for =
the cars (helping to establish value). We should cheer and encourage =
every sale of $20K+ if that is the direction we would like to see values =
go. Even so, $20K isn't anywhere near what it takes to create a good =
solid "ready to drive" Magnette from some of the starting points that I =
see for sale. That being said, I would also point out that every time we =
see something that is for sale, we seem to knock it down on the details =
or price. The motivation for a seller is far different than that for a =
buyer. We should cheer every car that sells (cowboy blanket upholstery =
notwithstanding), because every one that does sell helps to increase the =
value of our cars when It is time for us to sell. (Cowboy blanket sold =
for $12K - mine is "original" and "correct" for $20K and that is why you =
should buy it...)
We really do only have two options: either we establish a price that we =
would like to see for our car and be prepared to wait (maybe years) =
until some buyer agrees, or, find someone who is willing to buy the car =
and be prepared to accept whatever they offer for it. Sad choices =
indeed.
I do happen to know of a great British Car show with a great "Car for =
Sale" section that averages about 50% of cars sold... it is in July =
(great time to take advantage of the summer weather)... I will say that =
any Magnetteer trying to sell their car at the Western Washington All =
British Field Meet will get a screaming good deal from the organizer... =
and full support and help from the organizer... and maybe even a free =
lunch (great bratwurst!)... all you have to do is show up at St. Edward =
State Park on Saturday, July 26th and tell them you know Steve H. and =
have a personal invite...
Steve H.
On Jan 12, 2014, at 1:06 PM, John Park <jpark@bmts.com> wrote:
> Well I=92ve thought of the auction route but pretty much all of the =
bigger ones are several days drive away. To ship the car, especially at =
this time of year is into 4 figures and then there is the auction house =
fees which cut into the final sale price. So is it worth trying to go =
that route to =93establish=94 a value or just move the car for what you =
can get if you don=92t want to hang on for years until someone decides =
you do have a nice car?
> =20
> From: zmagnette-bounces@autox.team.net =
[mailto:zmagnette-bounces@autox.team.net] On Behalf Of Steve Hanegan
> Sent: Sunday, January 12, 2014 3:24 PM
> To: List for the Z Magnette Group - North America
> Subject: Re: [Zmagnette] Fwd: 1958 MG Magnet 20000
> =20
> This is a pretty good looking car! Concours? Show Winner? Probably =
not, but if it drives as well as it looks, it certainly represents a =
good deal for the buyer. You certainly could not build one like this for =
this price, even if you are starting with a good solid car. I question =
whether there is a market that will step in and buy a car like this at =
this price. I am at a loss on how we as Magnette owners can create a =
market for good clean cars like this one. A Mk II Jag in this condition =
would have no problem reaching $30K - $35K at auction because of the =
reputation and mystique of Jaguar, though these prices have remained =
pretty constant over the past 10 years or so. Though it lacks the =
torquey 6 and top notch brakes of the Jag, the Magnette is still a very =
solid car with better than average handling characteristics and a very =
posh and cozy interior. I would speculate that having a few more =
"finished" cars sell, and perhaps, sell at one of the more prominent =
Auctions such as Barret Jackson, would increase the public awareness =
and demand for our cars. Without demand, there really isn't any value, =
and demand can't be built on $2K projects.
> =20
> I am guessing that a few more of us are going to need to sell our cars =
- holding out for prices like this one or higher - before the market =
will come up far enough to make this more of a typical value.
> =20
> Steve H.
> =20
> =20
> On Jan 12, 2014, at 10:54 AM, John Marcell <MG1948@verizon.net> wrote:
>=20
>=20
> Good car, good price if you cant do the work yourself. Even I don't =
think you could do one with you doing all the work today.
> =20
> Phil
> =20
> Begin forwarded message:
>=20
>=20
> From: Gary Sandusky <gary@sandusky.cc>
> Subject: 1958 MG Magnet 20000
> Date: January 11, 2014 9:34:04 PM CST
> To: Phil Marcell <MG1948@verizon.net>
> =20
> Take a look at this Magnet.=20
> Gary
>=20
> http://dallas.craigslist.org/dal/cto/4281771840.html
>=20
>=20
> Sent from my iPhone
> =20
> _______________________________________________
> Zmagnette mailing list
>=20
> Donate: http://www.team.net/donate.html
> Archive: http://www.team.net/archive
> Forums: http://www.team.net/forums
> Unsubscribe/Manage: =
http://autox.team.net/mailman/options/zmagnette/steve@betterwitnesses.com
>=20
> =20
> _______________________________________________
> Zmagnette mailing list
>=20
> Donate: http://www.team.net/donate.html
> Archive: http://www.team.net/archive
> Forums: http://www.team.net/forums
> Unsubscribe/Manage: =
http://autox.team.net/mailman/options/zmagnette/steve@betterwitnesses.com
>=20
--Apple-Mail=_76CCBC04-101B-4AE0-976A-35F6D47DDC86
Content-Transfer-Encoding: quoted-printable
charset=windows-1252
<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
charset=3Dwindows-1252"><base href=3D"x-msg://15/"></head><body =
style=3D"word-wrap: break-word; -webkit-nbsp-mode: space; =
-webkit-line-break: after-white-space; ">Yes, the auctions are an =
expensive way to sell a car. Getting a car registered, transportation =
and the fees charge to both the seller and the buyer are quite eye =
watering unless you have a highly sought after car such as a 23 =
window VW van or a Ferrari or similar. I have a friend who has a very =
nice mid '90s Jag XJ6R. This is a <u>very</u> nice car, great condition, =
well looked after, runs perfectly etc. Mark took his car to a local =
"collector car" dealer who takes cars to local auctions. Mark ended up =
incurring about $1500 in fees trying to peddle the Jag at $10K - with no =
sale. The dealer charged $400 to "detail" a car that had just had an =
expensive detail just prior to it being listed added storage and =
"processing" fees etc.<div><br></div><div>But, auctions DO tend to set =
"market values" and drive cars to a higher value. I have another friend =
who has an absolute jewell of a 1970 split bumper MGB. The evaluation =
guides, such as Sports Car Market, KBB Classic, Hagerty etc. indicate =
that this should be a $14K - $18K car. Advertising and trying to sell it =
around here at $10K, in winter, has resulted in not one single nibble. =
My suggestion would be to advertise the car to the widest audience =
possible and be patient. Websites such as The MG Experience, NAMGAR's =
website (and print) and NAMGBR's site point the car to the widest =
possible audience - of targeted buyers - folks who are already =
knowledgeable and interested in MGs, seems prudent. Showing the car at =
local British Car shows and at local club events and in local club =
newsletters can often be effective as well.</div><div><br></div><div>The =
biggest problem with Magnettes is A) the lack of "comps" and B) =
relatively few folks know what a good car they are - with a resulting =
lack of solid demand. I would hate to be the one to have to be the =
benchmark or trendsetter! I guess that part of our task as the leading =
Magnette support group would be to publicize the cars as much as =
possible (establishing desirability) and to support and publicize any of =
the sales that result in an appropriate sale price and "real" value for =
the cars (helping to establish value). We should cheer and encourage =
every sale of $20K+ if that is the direction we would like to see values =
go. Even so, $20K isn't anywhere near what it takes to create a good =
solid "ready to drive" Magnette from some of the starting points that I =
see for sale. That being said, I would also point out that every time we =
see something that is for sale, we seem to knock it down on the details =
or price. The motivation for a seller is far different than that for a =
buyer. We should cheer every car that sells (cowboy blanket upholstery =
notwithstanding), because every one that does sell helps to increase the =
value of our cars when It is time for us to sell. (Cowboy blanket sold =
for $12K - mine is "original" and "correct" for $20K and that is why you =
should buy it...)</div><div><br></div><div>We really do only have two =
options: either we establish a price that we would like to see for our =
car and be prepared to wait (maybe years) until some buyer agrees, or, =
find someone who is willing to buy the car and be prepared to accept =
whatever they offer for it. Sad choices =
indeed.</div><div><br></div><div>I do happen to know of a great British =
Car show with a great "Car for Sale" section that averages about 50% of =
cars sold... it is in July (great time to take advantage of the summer =
weather)... I will say that any Magnetteer trying to sell their car at =
the Western Washington All British Field Meet will get a screaming good =
deal from the organizer... and full support and help from the =
organizer... and maybe even a free lunch (great bratwurst!)... all you =
have to do is show up at St. Edward State Park on Saturday, July 26th =
and tell them you know Steve H. and have a personal =
invite...</div><div><br></div><div>Steve =
H.</div><div><br></div><div><br></div><div><br></div><div><br><div><div>On=
Jan 12, 2014, at 1:06 PM, John Park <<a =
href=3D"mailto:jpark@bmts.com";>jpark@bmts.com</a>> wrote:</div><br =
class=3D"Apple-interchange-newline"><blockquote type=3D"cite"><div =
lang=3D"EN-US" link=3D"blue" vlink=3D"purple" style=3D"font-family: =
'Century Gothic'; font-size: medium; font-style: normal; font-variant: =
normal; font-weight: normal; letter-spacing: normal; line-height: =
normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; =
text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; =
-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><div =
class=3D"WordSection1" style=3D"page: WordSection1; "><div =
style=3D"margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times =
New Roman', serif; "><span style=3D"font-size: 11pt; font-family: Arial, =
sans-serif; color: rgb(31, 73, 125); ">Well I=92ve thought of the =
auction route but pretty much all of the bigger ones are several days =
drive away. To ship the car, especially at this time of year is into 4 =
figures and then there is the auction house fees which cut into the =
final sale price. So is it worth trying to go that route to =93establish=94=
a value or just move the car for what you can get if you don=92t want =
to hang on for years until someone decides you do have a nice =
car?<o:p></o:p></span></div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; "><span =
style=3D"font-size: 11pt; font-family: Arial, sans-serif; color: rgb(31, =
73, 125); "> </span></div><div><div style=3D"border-style: solid =
none none; border-top-width: 1pt; border-top-color: rgb(225, 225, 225); =
padding: 3pt 0in 0in; "><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; "><b><span =
style=3D"font-size: 11pt; font-family: Calibri, sans-serif; =
">From:</span></b><span style=3D"font-size: 11pt; font-family: Calibri, =
sans-serif; "><span class=3D"Apple-converted-space"> </span><a =
href=3D"mailto:zmagnette-bounces@autox.team.net"; style=3D"color: purple; =
text-decoration: underline; ">zmagnette-bounces@autox.team.net</a><span =
class=3D"Apple-converted-space"> </span>[mailto:zmagnette-<a =
href=3D"mailto:bounces@autox.team.net"; style=3D"color: purple; =
text-decoration: underline; ">bounces@autox.team.net</a>]<span =
class=3D"Apple-converted-space"> </span><b>On Behalf Of<span =
class=3D"Apple-converted-space"> </span></b>Steve =
Hanegan<br><b>Sent:</b><span =
class=3D"Apple-converted-space"> </span>Sunday, January 12, 2014 =
3:24 PM<br><b>To:</b><span =
class=3D"Apple-converted-space"> </span>List for the Z Magnette =
Group - North America<br><b>Subject:</b><span =
class=3D"Apple-converted-space"> </span>Re: [Zmagnette] Fwd: 1958 =
MG Magnet 20000<o:p></o:p></span></div></div></div><div style=3D"margin: =
0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', =
serif; "><o:p> </o:p></div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; ">This is a =
pretty good looking car! Concours? Show Winner? Probably not, but if it =
drives as well as it looks, it certainly represents a good deal for the =
buyer. You certainly could not build one like this for this price, even =
if you are starting with a good solid car. I question whether there is a =
market that will step in and buy a car like this at this price. I am at =
a loss on how we as Magnette owners can create a market for good clean =
cars like this one. A Mk II Jag in this condition would have no =
problem reaching $30K - $35K at auction because of the reputation and =
mystique of Jaguar, though these prices have remained pretty constant =
over the past 10 years or so. Though it lacks the torquey 6 and top =
notch brakes of the Jag, the Magnette is still a very solid car with =
better than average handling characteristics and a very posh and cozy =
interior. I would speculate that having a few more "finished" cars sell, =
and perhaps, sell at one of the more prominent Auctions such as Barret =
Jackson, would increase the public awareness and demand for our =
cars. Without demand, there really isn't any value, and demand can't be =
built on $2K projects.<o:p></o:p></div><div><div style=3D"margin: 0in =
0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; ">I am =
guessing that a few more of us are going to need to sell our cars - =
holding out for prices like this one or higher - before the market will =
come up far enough to make this more of a typical =
value.<o:p></o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
">Steve H.<o:p></o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div><div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; ">On =
Jan 12, 2014, at 10:54 AM, John Marcell <<a =
href=3D"mailto:MG1948@verizon.net"; style=3D"color: purple; =
text-decoration: underline; ">MG1948@verizon.net</a>> =
wrote:<o:p></o:p></div></div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; =
"><br><br><o:p></o:p></div><blockquote style=3D"margin-top: 5pt; =
margin-bottom: 5pt; "><div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; ">Good car, good =
price if you cant do the work yourself. Even I don't think you =
could do one with you doing all the work =
today.<o:p></o:p></div><div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div></div><div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
">Phil<o:p></o:p></div><div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; =
"><o:p> </o:p></div><div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; ">Begin =
forwarded message:<o:p></o:p></div></div><div style=3D"margin: 0in 0in =
0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><br><br><o:p></o:p></div><blockquote style=3D"margin-top: 5pt; =
margin-bottom: 5pt; "><div><div style=3D"margin: 0in 0in 0.0001pt; =
font-size: 12pt; font-family: 'Times New Roman', serif; "><b><span =
style=3D"font-size: 13.5pt; font-family: Helvetica, sans-serif; =
">From:<span class=3D"Apple-converted-space"> </span></span></b><span=
style=3D"font-size: 13.5pt; font-family: Helvetica, sans-serif; ">Gary =
Sandusky <<a href=3D"mailto:gary@sandusky.cc"; style=3D"color: purple; =
text-decoration: underline; =
">gary@sandusky.cc</a>></span><o:p></o:p></div></div><div><div =
style=3D"margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times =
New Roman', serif; "><b><span style=3D"font-size: 13.5pt; font-family: =
Helvetica, sans-serif; ">Subject: 1958 MG Magnet =
20000</span></b><o:p></o:p></div></div><div><div style=3D"margin: 0in =
0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; =
"><b><span style=3D"font-size: 13.5pt; font-family: Helvetica, =
sans-serif; ">Date:<span =
class=3D"Apple-converted-space"> </span></span></b><span =
style=3D"font-size: 13.5pt; font-family: Helvetica, sans-serif; =
">January 11, 2014 9:34:04 PM CST</span><o:p></o:p></div></div><div><div =
style=3D"margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times =
New Roman', serif; "><b><span style=3D"font-size: 13.5pt; font-family: =
Helvetica, sans-serif; ">To:<span =
class=3D"Apple-converted-space"> </span></span></b><span =
style=3D"font-size: 13.5pt; font-family: Helvetica, sans-serif; ">Phil =
Marcell <<a href=3D"mailto:MG1948@verizon.net"; style=3D"color: =
purple; text-decoration: underline; =
">MG1948@verizon.net</a>></span><o:p></o:p></div></div><div =
style=3D"margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times =
New Roman', serif; "><o:p> </o:p></div><div><div style=3D"margin: =
0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', =
serif; ">Take a look at this Magnet.<span =
class=3D"Apple-converted-space"> </span><br>Gary<br><br><a =
href=3D"http://dallas.craigslist.org/dal/cto/4281771840.html"; =
style=3D"color: purple; text-decoration: underline; =
">http://dallas.craigslist.org/dal/cto/4281771840.html</a><br><br><br>Sent=
from my iPhone<o:p></o:p></div></div></blockquote></div><div =
style=3D"margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times =
New Roman', serif; "><o:p> </o:p></div></div></div><p =
class=3D"MsoNormal" style=3D"margin: 0in 0in 12pt; font-size: 12pt; =
font-family: 'Times New Roman', serif; =
">_______________________________________________<br>Zmagnette mailing =
list<br><br>Donate:<span class=3D"Apple-converted-space"> </span><a =
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text-decoration: underline; =
">http://www.team.net/donate.html</a><br>Archive:<span =
class=3D"Apple-converted-space"> </span><a =
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">http://www.team.net/archive</a><br>Forums:<span =
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"><o:p> </o:p></div></div></div>_____________________________________=
__________<br>Zmagnette mailing list<br><br>Donate:<span =
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">http://www.team.net/donate.html</a><br>Archive:<span =
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