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aeronca65t
02-22-2005, 06:22 PM
Don't know if any of you are familar with the Barrett-Jackson Car Search TV Show (seen on the American Cable channel, "SpeedTV")
The premise of the show involves three teams who get $100,000 USD and use the money to buy and sell cars on the B-J auction. The profit goes to charity and the winning team gets a prize.

Last week, one team bought a Classic Mini-Cooper from the new Italian Job movie (the one that Charlize Theron drives) for $5000 (!!!).
Seems that the studios use a car and then sell it for what ever they think is fair. This Mini was in mint condition. The purchase price was so far out of line that the team was disqualified from the contest.
From what I hear, the car was just on sale on eBay yeaterday and sold for $39,000. Wow!

pbraun
02-22-2005, 06:35 PM
That's incredible!!!!! Very good for the value of regular Minis!

Steve
02-22-2005, 08:57 PM
I saw something on that. Didn't quite understand the ins and outs, but so what if the purchase price was "out of line?" Not as if the team forced a little old lady to give it away or anything. Prices for Mini Coopers are lower in the UK than they are here in the USA, so isn't the pricing issue rather subjective?

aeronca65t
02-22-2005, 10:39 PM
Steve:

You're probably right about the price not being crazy-out-of-line.
I've seen decent Mini 1000s for around that price. But theoretically, this is a Mini with some interesting history *and* it was a Cooper. I'd say a nice Cooper is worth around $10,000 to $15,000 in my area.
Some of the issues with the sale was (I think) that the movie studio was counting the sale as a charitable donation, rather than a straight sale (according to what I read elsewhere).

vagt6
02-23-2005, 01:29 PM
Classic Minis in England are not cheap, nice ones go for $10,000 U.S. up to around $18,000 for a late model, modded Mini.

See the John Cooper Works website, attached. They make the Hi-Po mods for the new MINI.

$5,000 for the one mentioned above is a literal steal!

http://www.johncooper.co.uk/JohnCooperSite/category/Car+Sales%5FUsed+Classic+Minis/

lawguy
02-23-2005, 04:31 PM
One wonders if there wasn't some sort of connection that resulted in the discount. Then, the disqualification would make more sense.

AltaKnight
02-23-2005, 04:41 PM
Could be that the controversy/disqualification on a high profile TV show helped to get the price up to $39K.
Assuming the resulting proceeds went to a charity then that would be a fine thing (might even all have been "engineered" or maybe that's just the conspiracy theorist coming out in me)
I want to cry when I think about all those clapped out minis I had in my UK youth.....

Steve
02-24-2005, 02:37 AM
[ QUOTE ]

I want to cry when I think about all those clapped out minis I had in my UK youth.....

[/ QUOTE ]

Only had one Mini, but still......... /ubbthreads/images/graemlins/england.gifyou are right! They were knackered when we bought them, they were just disposable, ten-a-penny runabouts. If we had known then.........

DennisH
02-27-2005, 10:36 AM
The issue was not the price of the car, it was that they passed it off as a "Classic". I believe they said it was a restored 70 something, and as we all know, that was not a classic. It looked like a typical rebadged late model.

Steve
02-28-2005, 12:48 AM
I never got to see the car but I know that a lot of late-model cars were passed off as real Mini Coopers to unsuspecting buyers in the States.

Hotdoc
03-19-2005, 09:02 PM
Interesting. Being in the middle of an extended rebuild have been aware of prices on both sides of the pond.Cars with 'history'-Paddy Hopkirk, Paul McCartney etc do very well.Average rebuilds are in the $5-10K range and really good ground up jobs especially 'S's are in the 6-12K pounds sterling. Sound a lot? Well add it up.New shellor rebuilt Can%3.5-7.5K,engine rebuilt to S specs. with big Weber c/r synchro Salisbury limited slip Can2.5-3K(and that's using freebies left over from racing), 4 pot Rover front discs Can$1200, new rear subframe and bits Can $500-1K and we haven't even got to the carpets yet.No sympathy or derision please. This is just to show how much our hobby costs which will be reflected in prices and it seem people are prepared to pay good bucks for excellent quality

Steve
03-26-2005, 12:53 AM
A friend of mine in the UK is about to embark on a rebuild of a genuine Cooper, using a new shell. It will be an expensive undertaking, no doubt, and he would not get his money back out of it if he sold it right away (not his intention). I know that the restoration of any car is going to cost big bucks, no matter how small the vehicle may be........no derision from this quarter.

Mini_Jim
04-22-2005, 08:59 PM
I'd be very interested in seeing the ad. I searched ebay present and past Mini sales, and found are no classic Minis there at anywhere near that price.

One optimist had his Innocenti going for $22K, but were no bids on it.