I don’t suppose DJ Chris Evans’ main priority was to boost the UK economy when he paid £5m for a Ferrari 250GT swb California Spider, but he has certainly played a blinder as far as the classic car market is concerned.
After all, this is supposed to be a time of economic uncertainty and softening values for all kinds of antiques – and here’s a bloke piling more money than most people thought he had into a Fandango which, although rare, isn’t nearly as nice as a ‘real’ 250 swb coupe.
I doubt if we should expect Evans’ big spend to send MGB prices into orbit. It seems that only cars with top quality provenance are attracting the big money. Indeed I reckon the next year looks like being a good time for the classic car buyer, as sellers of reasonably tasty stuff can’t fall back on the automatic assumption that rising values put the ball in their court. Makes a nice change.
Having started scanning the classic car market again myself for the first time in a few years, I’m surprised by the unevenness of values. My preoccupation has been E-types. The car was a miracle of low pricing when it was new, and it still seems to be that way. If you avoid giving excessive profits to some dealer, you can own a reasonable two-seater for £30,000, and a brilliant one for way less than £40k.
As someone who, as a little kid, remembers the launch of that car, and still treasures his copy of Autocar containing the first road test, I reckon that’s a steal.