
Damask 0450 advertised on eBay
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 bio ethanol fuel problems for classic cars,
then sent in details of the car. Yes he had purchased it as a restoration
project! "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 rises substantially
but in the present economic conditions in the UK that seems
unlikely for a year or so at the earliest. |
Other
MGBGTV8s at risk recently
Flamenco Red 2763 - you can 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
Price guide for Factory MGBGTV8s. More
|
Posted:
30.4.08
|