Yesterday saw us delve deep into the history of ‘classic cars’. To that end, we created our ultimate top-5 list of cars, taking history, looks, provenance and value into account. In this blog we’ll conclude that list with these 3 icons (they just happen to be British!…):
BMC Mini (Mark I) – 1959-67
In February 1997, a jury of 132 professional automotive journalists from 33 different countries, under the presidency of Lord Montagu of Beaulieu, came up with a 100-car shortlist for the title of ‘Car of the Century’. The list included an E-type Jaguar, Volkswagen Beetle and a Porsche 911. And while our previously mentioned Ford Model T was announced the winner 2 years later, it was the Mini which came a close second. Although manufactured between 1959-2000, the original Mark I Minis, made under the banner of the British Motor Corporation, have the most potential for value – an iconic everyday family car.
Value: Mark I Minis in good condition can sell for £10,000+. In our industry blog, we recently covered the case of a 1967 Mini Cooper S, which sold for £29,400. Even more surprising is a dilapidated old 1959 Mini, believed to be the oldest surviving unrestored model, which sold last year for £40,000!
Land Rover Series 1 – 1948-58
A stalwart of the British off-roading tradition, this was the first Land Rover ever made. Inspired by the American Jeep, these cars were sturdy and functional, a testament to the fact that they have now become synonymous with the worldwide-farming industry, as well as the British military.
Value: A mint condition Series 1 can fetch anywhere between £20-30,000. Interestingly, an unrestored model, formerly owned by Sir Winston Churchill, sold for a whopping £140,000 in 2012. This was purely due to that particular vehicle’s heritage, but it just goes to show that a good story can seriously add value to a classic car.
Jaguar E Type – 1961-74
One could argue that with the Land Rover and the Mini, we’ve already covered 2 stalwart British motoring icons. But neither come close in beauty or desirability to this classic 1960s pin-up. Cars like this often seem rare – but in fact more than 70,000 E-Types were sold during its lifespan. With a top speed of 152mph and acceleration of 0-60mph in 6.9 seconds, this Jaguar model was ranked first in the Daily Telegraph’s poll of the “100 most beautiful cars” of all time.
Value: Models frequently sell in excess of £70,000. A Series 1, particularly one of the first 500 ever made, featuring flat floors and external hood latches, can fetch in excess of £100,000.
In today and yesterday’s blog, we’ve brought you 5 examples of classic cars, from the ridiculously rare, to fairly simple everyday vehicles. And regardless of the various conflicting definitions of ‘classic’ cars, there is a running theme that connects all these cars: they marked a historic change in car manufacture and were built to last.
In our next blog, we’ll be looking at this formula as a way to evaluate modern classics.
In the meantime, why not explore the value of your own classic car, by giving our experienced team of experts a call on: 0808 163 9537.
Until next time, Ed Hallinan and the borro team.