Project Car

[judow]

Very interesting. Curious as to how much it might cost to restore it?

https://cgi.ebay.com/ebaymotors/Austin-He...=item2312e309e3

 

[HealeyRick]

We've been having an interesting discussion on this one on the email list. Almost certainly a genuine 100M. Reserve is set at $75k. After that, we can discuss the restoration cost, how much it would sell for restored and whether a factory 100M is worth the money they fetch these days. I'll start popping some popcorn.

 

[bighealeysource]

I've looked at this too and would imagine this will take some very big bucks to bring back to life. Of course with #1 Healey 100M's bringing $125K+ lately, could probably make it work providing his reserve is not around $50K which is what I suspect it might be as then you would have $75K to make it perfect. Main thing it has going for it is all the right pieces to identify it as a true factory 100M are with the car. I could only guess that whoever buys it is looking at $50K+ to bring it back to life and I might be way off. Would be interesting to see what happens with it and how much someone has to spend !
Regards,
Mike

 

[bighealeysource]

Just read Rick's post where he stated the reserve is $75,000. Man, that really makes the case to buy it and restore even more difficult to not be way upside down even with 100M's fetching over $125,000 now. Hope whoever buys it can do the work himself !

 

[Keoke]

It was stored in a garage in Arizona.

Musta been in the heart of the Monsoon area.----Keoke--

 

[Silverghost]

It was stored in a garage in Arizona.

Musta been in the heart of the Monsoon area.----Keoke--

They left out the part that the PO had moved to Arizona from ALASKA where the car was driven year round!! LOL

 

[nevets]

I agree...looks too rusty for an AZ car.

 

[Randy Forbes]

If you follow the auction results in Sports Car Market, the best 100Ms are $125-145k, and I think it's fair to say that a restoration will cost (ballpark, plus or minus) $50k.

This leaves a little wiggle room for an upside, assuming the buyer is strictly in it for profit and investment. If the motivation comes from sentiment, well, then there's no point in justifying the cost of admission to that club.

While more rust that I would've expected, given it's location, people have certainly restored worse. Maybe the chassis/body rebuilding portion of the restoration would be easier/faster/cheaper than some, with a little money saved there.

It'll be interesting to see how <span style="font-style: italic">The Nation's</span> current affairs affects the car hobby business; might be another scenario where those little toys in the garage just don't seem as relevent as they did a few months ago...

 

[Bob_Spidell]

...
It'll be interesting to see how <span style="font-style: italic">The Nation's</span> current affairs affects the car hobby business; might be another scenario where those little toys in the garage just don't seem as relevent as they did a few months ago...

The crappier things get the more I need to drive a Healey.

 

[HealeyRick]

Reserve not met at $50,200.

 

[richberman]

Reserve not met at $50,200.

:lol: But that is what it's worth!!! Greedy BAASTaaARD.
rich