Keith Belcher's MGBGTV8 Adwatch
Keith Belcher follows the online adverts for the Factory MGBGTV8 model and reports seeing the adverts reproduced alongside.

Factory MGBGTV8 prices are clearly moving up and our updated price guide earlier this year indicated £17,250 for a Condition 1 tax exempt chrome bumper model and £22,500 plus for a concours winning or high quality restoration. Whilst we have seen a shortage of good quality, original or well restored cars up for sale generally and on our MGV8s for Sale webpage, the prices indicated by the adverts here suggest some advertisers are pushing the pricing boundaries and a few in a major way. Price guide

Our database of Factory MGBGTV8s registered with the V8 Register - MG Car Club by enthusiasts shows that around 72% of the cars built at Abingdon are on our database. We find that enthusiasts who have registered and are members of the MG Car Club tend to advertise their car for sale on our MGV8s for Sale webpage and Club magazine, Safety Fast!, as they are leading places enthusiasts seeking an MGBGTV8 go to for information and advice on buying a car and looking at the cars advertised for sale.

How do you price an exceptional car?
In his updated price review earlier this year, Adam Fiander says "the question of buying a modified, restored or mostly original car is a personal and subjective matter. Certainly rubber bumper MGBGTV8s converted to chrome spec are not worth the equivalent value of a Factory built original chrome bumper car on a like-for like condition basis. Whether the addition of leather seats and walnut dashboards and other non-original “cosmetic” modifications enhance, or even maintain value, is questionable and can only be answered on a case by case basis. Cars of the very highest values sold at auction, through dealers or as private sales, are nearly always those examples that have originality at the core. These exceptional examples normally have a very low recorded mileage, a fully documented history and a low number of previous owners. Cars that have been fully restored need to have been done so to a high standard of fit and finish to ensure top value. Often the eye watering cost of a full restoration at today’s rates is a personal choice undertaken by very passionate owners, who may struggle to recoup their considerable investment when they come to sell. For buyers appearing at the right time and right place, often a very well sorted car with fresh metal, fresh paint, new engine and refurbished interior can be had for exceptionally good value for money. Smallish upgrades such as electronic ignition and similar modifications are not going to affect values much either way."
More

MGV8s for sale adverts on the V8 website. More

See our comprehensive Buying an MGV8 website. More
Posted: 150623
& updated: 150625

£11,795 - private sale, Scotland
Good solid car in daily use with an MOT to May 2016. Very good mechanically, it runs and drives well and the overdrive is fine. It would benefit from a respray, rechrome and an interior revamp to make it perfect. All the panels are good and underneath has been undersealed and hence solid.
Car not registered with the V8 Register

£12,750 - private sale, West London
Factory MGBGTV8 in excellent condition with Harvest Gold paintwork. Only 54,000 original miles with service history. Runs and drives very well. Has 12 months MOT.
Car not registered with the V8 Register

£14,995 - trade sale, Lancashire
Factory MGBGTV8 in Tundra green, new Black leather trim and sunroof, 5 speed gearbox. r
estored wheels, rebuilt brakes and suspension, parabolic rear springs and telescopic dampers, stainless tank, stainless exhaust and much more - £1,000s spent. MOT to September 2015.
Car registered with the V8 Register, recorded as originally Glacier White

£16,995 - private sale, Essex
Factory MGBGTV8 owned by the present owner for 17 years, colour purple with cloth trim, 74,000 miles, thousands spent over the years well worth viewing. The car has the chrome overcills .
Registered with the V8 Register, recorded as originally Aconite and then Damask

£17,950 - trade sale, West London
Factory MGBGTV8 (Glacier White 0883), full respray and body restoration by Surrey Sports and Classics in 2014 and also fully retrimmed by them with leather seats and a full Webasto sunroof. 70,000 miles from new with an original engine bay and cast iron manifolds. Stainless exhaust. Excellent driving example.
Car not registered with the V8 Register

£18,995 - private sale, Somerset
Factory MGBGTV8, chrome bumper, eye catching purple with black leather interior, correct V8 alloy wheels and overdrive. Fully restored with a complete body and mechanical restoration in the mid-1990s by the North West MG Centre and then won the MG Car Club - Silverstone Top Concours Award. Very sound condition. Recently fully serviced and MOT.
Car not registered with the V8 Register

£19,995 - trade sale, Dorset
Factory MGBGTV8 in Damask with black trim. Fitted with Webasto sliding sunshine roof. Present owner for 25 years, 66,000 miles. Following dry storage, recommissioned: engine and gearbox rebuilt, new prop shaft, new clutch, new master cylinder, slave cylinder and flexi pipes, new radiator, expansion tank, hoses and thermostat, all new brakes including pipes, new starter motor, battery and fuel pump.
Car not registered with the V8 Register

£25,000 - private sale, N Ireland
MGBGTV8 has been fully restored from a bare shell dipped in zinc and powder coated along with every nut and bolt the car is flawless, one owner from new, was dry stored for 20 years with only 40,000 miles. It is one off example of how a proper V8 should be. Regretful sale as have no time to enjoy this wonderful motor
.
Car not registered with the V8 Register

£39,995 - trade sale, Sussex
Harvest Gold 0788 with Black trim, complete with its original handbooks, three sets of keys and a Heritage Trust certificate. A two owner example which as covered a incredible 10,300 miles from new. The description goes on to say "surely the most correct, best preserved, unrestored, low mileage, low ownership GTV8 you could ever wish to find, this is another car worthy of the serious MG collector."
This car is reported to have sold for £11,600 at a Brightwells' auction in 2009 - you can see their report. More
Car has been registered with the V8 Register but there is no current registration
Highly priced MGBGTV8s
In many cases highly priced examples are promoted on the basis of exceptionally low mileage, excellent condition, originality and provenance, a term some traders like to use, with an emphasis on the investment value for a collector. The MGBGTV8 has been an undiscovered classic for many years with its relatively small production run and it has been enjoyed by a small group of enthusiasts. They have seen the car as affordable and a car they enjoy driving for pleasure. As prices have risen with the increased interest in classic cars as "investments" and the uplift from the road tax exemption, a new type of buyer is attracted to the MGBGTV8 model often it appears with a collector and investor's eye. Some of the fully priced cars seem to be aimed at that market.
If you are paying a premium for a very low mileage then clocking up the miles will tend to reduce the capital value. Buying a highly priced MGBGTV8 will require very thorough checks of the car's condition and service and ownership history so provenance claims can be checked to their source. In many cases the V8 Register is able to assist enthusiasts looking to buy a V8 with our buying guide and with support through our contacting previous owners who had registered the car with the V8 Register. If you need help with getting an MGBGTV8 then go to our "Getting and MGV8" panel on the V8 website homepage for links to a great deal of support and information or contact us.