V8
for sale on eBay bought as a restoration project
More
reports of MGBGTV8s at risk
Good news for
two MGBGTV8s
Some good news (12.09.08)
More
Flamenco Red 2763 -
you can see Clive Wagerfield's report of this V8. More
Bracken 1707 - you can see Clive's earlier report on this Factory
MGBGTV8 which now seems likely to be broken for spares as well. More
Teal Blue MGBGTV8 on Ebay, More
Damask
0625 at risk
A sad snow covered V8 is at risk. More
See
regular reports of rebuilding Damask 0450. More
Posted:
30.4.08 Updated: 4.9.08
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| George
Wilder, longtime member of the MG Car Club and currently a Club director,
sent in an email recently with news of an MGBGTV8 for sale on eBay noting "another
sad V8 on eBay as item 230245037342 - this one needs a shed to be moved to get
it onto a trailer!" It was later identified by George as Damask 0450 and
appeared to be in a very sorry state. He feared it might meet the sad fate of
some MGBGTV8s recently and be snapped up and broken for spares. But then some
very good news!
Barrie Jones (Glacier White 0672) from Cornwall,
well known as the T Register technical man and contributor to the V8 website with
his news items on bioethanol fuel problems for classic cars, then sent in details
of the car. Yes he had purchased it as a restoration project! Barrie said "I
bought the wreck via eBay, and I am waiting for the shed to be moved so that the
car can be | extracted.
It has been there for 10 years".
George Wilder on hearing
the news replied "Thanks for the update - I wish Barrie well with that project
- moving the shed I mean!"
Sad economic realities with Factory
MGBGTV8s in need of major restoration
When a Factory MGBGTV8 reaches a
stage where a serious restoration is necessary, the high cost of restoration and
the current modest prices for Condition 1 and 2 cars means the residual value
of the car for restoration is quite low. However the aggregate value of the key
components when a car is broken for spares - gearbox, back axle, engine and other
parts - is possibly double or more than the residual value for restoration. Sadly
we are seeing a small but nonetheless sad flow of Factory MGBGTV8s being broken
for spares even where a restoration is feasible. The increasing interest amongst
V8 enthusiasts for V8 Roadster conversions is creating a demand for Factory MGBGTV8
running gear and other parts as Clive Wagerfield's report shows. Sadly the trend
seems likely to continue unless the prices of Condition 1 and 2 MGBGTV8s rise
substantially but in the present economic conditions in the UK that seems unlikely
for a year or so at the earliest. | | V8
Register - MG Car Club - the
leading group for MG V8 enthusiasts at www.v8register.net |
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