UK spec RV8 in Nightfire Red sold at Duxford today

H&H Auctions at Duxford
Listing

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191016

UK spec RV8 in Nightfire Red
Advertised on the V8 Website
Price reduced: £18,950
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MG RV8 1994 UK spec model in Nightfire Red

One of only 43 made, all MOTs and service history from 1997, Heritage certificate, new MOT, 17"x7" Minilite alloys, brand new mohair soft top, new original front brake discs with brand new Redstuff pads, two new rear yellow Koni shock absorbers, new stainless steel exhaust system from Clive Wheatley, two new cats and tyres as new. Reduced to £18,950. 190801
RV8s for Sale, V8 Website


Comment
The sale price at the H&H auction today of £18,400 was £550 (or 2.9%) lower than the advertised "reduced" price on the RV8s for Sale webpage on the V8 Website. In our six monthly analysis of the Pricewatch spots of MGV8s seen advertised for sale or listed for auction, typically the selling price is around 7% below the asking price based on information revealed to us by members who have sold or purchased an MGV8.

1994 RV8 in Nightfire Red
H&H Auctions - 16th October 2019
Estimate: £16,000
Sold: £18,400 including commission & VAT
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Auction listing on the H&H website. Listing

Andy Goves, one of our Pricewatch volunteers, reports "the Nightfire Red RV8 was sold provisionally at 1400 hours at the H&H Auction at Duxford today for a hammer price of £16,000. Bidding commenced at £10,000 asked for by the auctioneer, the initial bid came from the Internet with increments then of £1,000 to £14,000. Thereafter increments of £500 both on the web and in the auction room took it to £16,000. If it sells at this price, then the total payable will be:
Hammer price
16,000
Buyers' commission @ 12.5%
2,000
VAT thereon @ 20%
400
Total payable by the buyer
18,400

The RV8 has 80,000 miles and 4 previous keepers.