On 3/9/21 1:40 pm, Clocky wrote:
> On 3/09/2021 10:11 am, Xeno wrote:
>> he had driven into town in his MGB. I'd never seen this car prior
>> since it was always out on his farm deep in the hinterland. The only
>> time I'd ever been to his farm was the day he just happened to be in
>> Cairns for a family gathering - poor timing on my part.
>>
>> Coincidentally, our cars were parked opposite each other. He told me
>> how he had acquired his MGB. It was completely disassembled and
>> sitting in a shed out on a farm. The previous owner had intended to
>> restore it, got it dismantled - and there it remained for the next ten
>> years. The body shell had been stripped, even of the wiring looms, and
>> had been repainted but that was about the extent of the restoration's
>> progress. Even then, the nicely painted shell had suffered a few
>> scrapes whilst in storage. Everything else was completely dismantled
>> and stored in numerous boxes, even the engine - it was a giant puzzle.
>>
>> It has now been reassembled, the engine reconditioned and the total
>> cost so far has been ~$2,000. He tells me it is currently worth about
>> $22,000 as it is still in need of a (re)paint job. I think,
>> personally, that it would be worth more in the current climate given
>> the stupid money people are willing to pay for such old cars. The MGB
>> is certainly a desirable car, much more desirable than a $50k ancient
>> F100 and way more fun to drive. One drives like a sports car, one
>> drives like a truck, I know which I'd prefer.
>>
>>
>
>
> $22k is pretty high for one that needs paint. Just before COVID hit I
The paint isn't bad, it just suffered a few scrapes, etc. from storage
for so long. I think he has been offered that sum already. I think it
will fetch more in the current climate.
> saw one for sale for a bit over $15k. Looked pretty good and was driven
> regularly as it was always at the coffee & cars get together in town.
>
> Considering what some COVID-taxed rubbish is going for (like the F100
> mentioned) MGB's are still cheap. There is going to be a big reality
> check for some of these dickheads that paid $50k for old scrap during
> this time though ;-)
>
For sure! BTW, did I mention, the MG was free to a good home. The cost
incurred was in the rebuild/reassembly process, mainly of the engine.