sells at Barons auction
Our V8 Webmaster attended the Barons auction today at Sandown
Park Race Course on the outskirts of Esher in Surrey and provides
feedback from an inspection of the car and then on how the bidding
went and closed at £18,300.
This car with the present VRN - HHN 72N - was registered with
the V8 Database back in the early 1980s by a member in Gloucestershire
with no mention of a CB conversion. We have had no notification of
a sale and change of owner. The car is listed on the copy of the Factory
production records we have as a rubber bumper car finished
in Tundra with Autumn Leaf trim and was despatched from the MG Plant
to a dealer in Darlington. So clearly it has had a chrome bumper
conversion - this is not mentioned in the auction listing.
Awareness of a chome bumper conversion
Talking with a number of people at the auction it became clear none
of them were aware the MGBGTV8 on offer was a chrome bumper conversion
and that it had originally been a rubber bumper model. So it
seems they had not seen our Pricewatch NEWS item released in May which
highlighted that information. See
our NEWS item
Barons auction charges
Buyer's Premium is 10% plus VAT on the premium, minimum of £150.
Seller's Commission is 5% plus VAT, minimum of £150.
MGV8 Price Guide update
Last update to the end of April 2019 released early in May. More
Tuesday 4th June 2019 at Sandown Park Race Course
1975 MG MGBGTV8 - Tundra 2301 - Lot 131
Guide Price: £16,000 to £20,000
Auction listing says "this extremely rare factory
MGBGTV8 having just been recommissioned and is in its original
Factory colour of Tundra Green, a rare colour and described
by the vendor as looking stunning. The last registered owner
in the log book owned the car from 1982 and has only covered
a genuine 79,000 miles in 44 years. The vendor tells us that
during his ownership he has not had any panels replaced and
he presumes they are all original, original Dunlop wheels.
It has recently been completely repainted including doors and
tail gate off, repainted the original factory colour, new front
and rear bumpers, new over riders, new grill, new headlamps,
door handles, new side mouldings etc. Mechanical repairs include
new starter motor, new battery, recent rear brake work, new
water pump and a recent service. The paint work looks to have
been carried out to a high standard and looks stunning in this
rare colour. The interior is very clean and tidy with its original
rubber floor coverings, side panels, door panels all in nice
condition, under the bonnet is very clean and tidy and the V8
sounds wonderful. In the boot area the boot floor looks solid
and clean. Rare find at auction in this condition and the vendor
tells us that only a few were made in this colour and he thinks
you would be hard pushed to find another. The car has been Zeibarted
from new". Auction
Note: Barons, who published the auction listing, say
"This description is provided by the vendor and unless
otherwise stated is 'Not Verified' by Barons or any person
employed by Barons. Prospective purchasers are advised to satisfy
themselves as to the accuracy of any statements made, whether
they be statements of fact or opinion".
result on Tuesday 4th June 2019
1975 MG MGBGTV8 - Tundra 2301 - Lot 131
Sold with a hammer price of £18,300
Sale price including commission and VAT was £20,496
With a modest turnout of people attending the auction, a number
of people seemed to be checking this MGBGTV8 quite closely prior
to the auction. Lot 131 came up just over 90 minutes into the
auction and attracted bids starting at £13,000. The bidding
progress was then:
£17,500 < phone bid
£17,800 < someone seen earlier inspecting the car
£18,000 < phone bid
£18,200 < bidder seen earlier inspecting the car
£18,200 < tense pause
until a final bid was made
£18,300 < was the winning bid as the hammer
The final bid came from someone who was bidding in what seemed
like a subtle style which was not easy to see, but on producing
his bidding number at the request of the auctioneer, he appeared
to be a private buyer in the age range 55 to 65. A couple of
the early bidders appeared to be experienced traders well used
to catching the eye of the auctioneer with minimum facial or
body movements! They also seemed very mobile moving around from
side to side at the back of room presumably to confuse other
bidders. Another bidder sat on a staircase behind and to one
side of the audience, so unless you were facing the audience
his participation in the bidding was very difficult to see.
The telephone bidding played an interesting part in the auction
of this lot and for other lots too.
- the front side lamps are installed the wrong way round - the
side lamps are usually outboard and the indicators inboard. There
was no "V8" badge on the nearside of the grille mesh in
the photos in the auction listing but on inspecting the car at the
auction today a "V8" badge had been fitted. The car has
undergone a chrome bumper conversion which was not mentioned in
the auction listing or at the auction today?
Assessment of the auction result
In our updated MGBGTV8 price guide
released in early May 2019 (based on Pricewatch monitoring and analysis
of adverts and auction listings over the six months to the end of
April 2019), the indicative price for a Condition 1 chrome bumper
car is £21,009 and £19,373 for a rubber bumper model.
Today the sale price for the Tundra MGBGTV8, including the buyer's
commission and VAT thereon, was £20,496 - some £513
or 2.44% less than our guide price.
Although the paint finish from a recent restoration was good, the
engine bay had not been similarly restored and there was some corrosion
evident there, the Dunlop composite wheels appeared to be in reasonable
(but see our inspection report) and the car was a chrome bumper conversion,
these features did not seem to attract the reduced price one might
normally see. Based on our inspection of the car a sale price of £18,000
to £18,500 might have been expected - in the event that was
the hammer price range before the addition of the buyer's premium
and VAT! The seller of course will have received a net £17,202
after the seller's commission and VAT thereon.
Review of this car
From an inspection of the car at the auction today at Sandown Park
in Esher in Surrey, we saw:
> Chrome bumper conversion - the Car No/VIN is 2301 and
a copy of the Factory production records shows it was 200 into the
rubber bumper production run which started with GD2D1 2101G.
So it appears that at some stage Tundra 2301 has undergone a
chrome bumper conversion, possibly when the car was recently
repainted. The quality of that conversion appears to be good.
> Non original features - the front side lamps are installed
the wrong way round. The side lamps are usually outboard and the
indicators inboard. See photo above.
> "V8" badging is misplaced on the nearside wing
and on the tailgate - the "V8" and BL badges on the
nearside wing appear to be replacements. Since the auction listing
was released in April 2019 a "V8" grille badge has since
> Dunlop composite wheels have been given an interesting "spruce
up" - it
appears any corrosion on the steel rims, which forms near the join
between the rim and the alloy centre, has been removed and then
the metal painted with a narrow strip of silver paint. Unless you
make a very close inspection spotting that remedial work would be
easily missed. The removal of corrosion on the chromed steel rim
appears to have left a slight drop in the surface on the chrome
rim as you run your finger over it so presumably the thickness of
the steel rim will have been reduced slightly near the join with
the alloy centre.
> Michelin XAS tyres look very old - the sidewall date
markings suggest they could be over 15 years or more.
> Status of the vendor - it's not clear whether it was
a private seller or a trader.
See our photo report on our inspection of this MGBGTV8 in the auction