Good news for two MGBGTV8s



Clive Wagerfield (who takes a keen interest in MGBGTV8s at risk) reports this V8, recently advertised for sale on Ebay, has just been snapped up by MG Services Heathrow for the staggeringly low price of just £725! (12.9.08)



Clive Wagerfield also reports that Bracken 1707, at risk of being sold and broken for spares, "Good news for a change in these turbulent times. I have just received an email from Adrian Wright, 'keeper' of Bracken 1707, that the V8 has gone to a very ethusiastic young man who is going to completely rebuild it." Let's hope he makes contact soon and reads Barrie Jones' regular rebuild reports.

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.

Other MGBGTV8s at risk recently Flamenco Red 2763 - you can Clive Wagerfield's report of this V8. More Update 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 Update Damask 0450 rebuild reports, More Price guide for Factory MGBGTV8s. More

Posted: 30.4.08 and updated 12.9.08