Huge price uplift of a recently auctioned MGBGTV8

Keith Belcher has spotted an example of "large price Inflation" - an original chrome bumper MGBGTV8 purchased a few days ago at Anglia Car Auctions for £21,870 (including the buyer's premium) is now offered by a trader and listed at £28,995! That's a price uplift for £7,125 or 32.6%! The trader mentions it is "now fully recommissioned" which would have been necessary outlay as the car had been in a lay-up for 18 years.

Interim MGBGTV8 price guide
Looking at the interim price guide prepared in mid August 2023 for a talk at the MGV8-50 Anniversary event at Gaydon, what can we see?
See our chart

News spotted by Keith Belcher

History leading up to the recent sale at the Anglia Car Auction

29th September 2022
Offered on eBay @ £29,995 by Sussex Sports Cars, withdrawn.

28th December 2022
Auctioned on where it reached £22,000 - reserve not met from East Grinstead (location of Sussex Sports Cars)

12th May 2023
Listed on @ £27,995 then withdrawm from Sussex Classics Ltd, East Grinstead

20th August 2023
Anglia Car Auction, Kings Lynn SOLD @ £21,870
including buyer's premium

Posted: 230824

Anglia Car Auction
Sold inc Premium: £21,870
Estimate: £20,000 - £25,000

Sold 20th August 2023

MGBGTV8 (Damask 0503)
Listing on the Anglia Car Auction website

"This Damask Red MGBGTV8 with Navy Blue interior has been registered to its last owner since 1978 and is described by the vendor as in lovely condition throughout. It has been restored, although it is unclear when this took place. It was registered in December 1973 and is now showing 88,144 miles on its odometer. As an historic vehicle, it is now MOT-exempt, its last MOT was in August 2005 at 87,321 miles. Three registered keepers overall are recorded. Accompanying the car is its current and past V5Cs and V5s, MG Register production certificate, BL Passport to Service and some photos. There's also some older invoices from the 1970s - including ones from University Motors, one of the better-known BL dealers - and MOT certificates from 1979, 1995, 1997, 2001 to 2003 and 2005." Link to ACA listing & result

Interim MGBGTV8 price guide update
Prepared in mid August 2023 for a talk given at the MGV8-50 Anniversary event at Gaydon on Sunday 20th August 2023.

South Norfolk Classics
Asking price £28,995

Uplift: £7,125 (32.6%)
Spotted 24th August 2023

MGBGTV8 (Damask 0503)
South Norfolk Classics website

"Just arrived at South Norfolk Classics. a 1973 MGBGTV8 direct from long term ownership (45 years with last owner). Matching numbers, car finished in its original factory colour of Damask Red with Navy interior. It was restored a few years ago to an exceptional standard and is still amazing today. The paint finish is of the highest order, the engine bay is outstanding and probably the best we have seen, the original navy interior, carpets and headlining are unmarked, the sliding roof is fully working and in perfect condition. The super smooth V8 sounds superb and the overdrive functions correctly. Comes with a Heritage certificate, current and old style V5 and registration documents, original British Leyland Passport to Service book with stamped history up until 46,075 miles and then there are various MOT certificates dating back to 1979. The last MOT on file was from 2005 when it had covered a warranted 87,321 miles and now 18 years later it is showing 88,147 miles so has had virtually no use in 18 years. Now fully recommissioned and ready for its new owner. We will provide a new MOT upon sale. This really is as good as they get ! Our asking price includes free delivery within 200 miles from IP22 4EU."
Link to SNC website