Cosworth RS500

[TitanTim]

https://www.thesun.co.uk/motors/2794844 ... ons-sells/

Blimey 350k

Your next problem is do you drive it or just look at it for the next 40 years

For the selling price I would have at least wanted delivery mileage

Tim.

[Pondrew]

And there was me thinking that bubble had burst!

I know of KGF in Peterborough. Biggest bunch of sharks you are ever likely to meet IMO.

[TitanTim]

Imagine paying 20k in 1987 and realising 330k profit today, not a bad return but I guess as an owner you never really had any enjoyment from it

I wander what profit KGF made.

Tim.

[Pondrew]

I wander what profit KGF made.

With buyer's and sellers fees I reckon at least £30k.

They do find some cracking cars, admittedly.

[Beerman]

One went in an auction last year for £592,000.

I don't understand the value people see in old fast Fords.

With the way log books and VIN for old Fords are traded the likelihood of buying a genuine car can't be that high.

[TitanTim]

I wander what profit KGF made.

With buyer's and sellers fees I reckon at least £30k.

They do find some cracking cars, admittedly.

Yes I would imagine it was a tidy profit.

Tim.

[Dav the wheel nut]

That’s cheap compared to some

IMG_5307.jpeg (162.31 KiB) Viewed 5120 times

[TitanTim]

One went in an auction last year for £592,000.

I don't understand the value people see in old fast Fords.

With the way log books and VIN for old Fords are traded the likelihood of buying a genuine car can't be that high.

I guess it's simply the rarity, most were bought to be used or raced and have simply fallen by the wayside or languishing in a garage in a pile of rust.

I would have thought a car fetching that sort of money has the provenance to back it up.

Chap I know has an Escort Cosworth 4x4 Lux with 23k on the clock. Sits in the garage all polished up and never sees the light of day. One sold last year with 25k on the clock for £75000.

Tim.

[TitanTim]

That’s cheap compared to someIMG_5307.jpeg

It does have 0 miles though

Tim.

[tiglon]

330k profit less storage costs and maintenance to keep it in mint condition for 37 years... not the most incredible return over such a long period.

If you'd put that 20k into Amazon shares just 20 years ago you'd have nearly 2 million by now...

[TitanTim]

330k profit less storage costs and maintenance to keep it in mint condition for 37 years... not the most incredible return over such a long period.

If you'd put that 20k into Amazon shares just 20 years ago you'd have nearly 2 million by now...

Shares are a bit dull though

Tim.

[Pondrew]

Shares are a bit dull though

Ah but the dividends can afford you to pay £350,000 for a Sierra!

[Pondrew]

I don't understand the value people see in old fast Fords.

It's all about nostalgia for people of my age (mid-late 50s). These were the cars teenagers and 20-somethings wanted but couldn't afford. Now they have a few quid in the bank and want to re-live their youth.

I had a Mk1 (111) RS Turbo Escort when I was young (the 'proper' white one). They are still fetching silly money if you can find a good one. I would love to have one again, just for nostalgia, but not for £50k plus.

The figures these cars are going for are mental. Problem is in 20 years time when 'my' generation are too old or dead, the values will plummet IMO. Look at the market for early 20th century veteran cars, now. They are worthless, generally, as the generation who loved them are gone and they are not relevant to the next generations.

[tiglon]

I don't understand the value people see in old fast Fords.

It's all about nostalgia for people of my age (mid-late 50s). These were the cars teenagers and 20-somethings wanted but couldn't afford. Now they have a few quid in the bank and want to re-live their youth.

I had a Mk1 (111) RS Turbo Escort when I was young (the 'proper' white one). They are still fetching silly money if you can find a good one. I would love to have one again, just for nostalgia, but not for £50k plus.

The figures these cars are going for are mental. Problem is in 20 years time when 'my' generation are too old or dead, the values will plummet IMO. Look at the market for early 20th century veteran cars, now. They are worthless, generally, as the generation who loved them are gone and they are not relevant to the next generations.

Exactly that. When my generation reaches their 50's the Saxo VTS will be worth £50k

[tiglon]

330k profit less storage costs and maintenance to keep it in mint condition for 37 years... not the most incredible return over such a long period.

If you'd put that 20k into Amazon shares just 20 years ago you'd have nearly 2 million by now...

Shares are a bit dull though

Tim.

Haha true, but so is a car if you never drive it!