How to Value an 1964 E-type
#1
How to Value an 1964 E-type
My dad has a 1964 E-type - Series 1 Roaster - original owner. He is considering selling it. It is body perfect, has a beautiful paint job, engine compartment needs cosmetic work, mechanically perfect, 73,000 miles.
Is there a way to come up with a value/sale price for the vehicle? Are there sites or lists with this type of information? Or is this an internet hunting exercise on 'for sale' sites to see what similar vehicles are selling for, which may be tough since this type of vehicle probably doesn't pop up 'for sale' very often.
Thank you for any help in getting me started.
Is there a way to come up with a value/sale price for the vehicle? Are there sites or lists with this type of information? Or is this an internet hunting exercise on 'for sale' sites to see what similar vehicles are selling for, which may be tough since this type of vehicle probably doesn't pop up 'for sale' very often.
Thank you for any help in getting me started.
#2
#3
Thank you Alfred. I just looked at the Hagerty classic car values site, which is very helpful. I will check out the Hemmings lead too.
As for the reputable auction houses, I don't know exactly how this works. I have heard of Barrett Jackson. Would my dad take the car to this type of place and ask for a sell-value?
Thank you.
As for the reputable auction houses, I don't know exactly how this works. I have heard of Barrett Jackson. Would my dad take the car to this type of place and ask for a sell-value?
Thank you.
#5
#6
How to Value a 1964 E-type - Findings
I just wanted to summarize my findings on how to value an E-type.
Hagerty Classic Car Value - if you have no idea how much a vehicle is worth, this is a good place to start. This put the value in the +/ $25,000 price range.
Hemmings - excellent, excellent, excellent. For my dad's car, there were a half dozen comparable vehicles listed. Excellent resource. This will really refine what the car is worth. Private sales, dealerships, and auction houses listed vehicles on the site.
Barrett Jackson was extremely helpful. You can fill out a Consignment Request Form with no obligation to consign and they will give you a free estimate. This will reveal what they think it will sell for. Their website lists comparable vehicles that they have sold in the past, but the prices were a bit lower than the Hemmings site. My guess is, because the vehicles were sold during the recession they would have been undervalued - maybe.
It probably would make sense to get a second opinion from another auction house, and I see that RM was suggested, which, after a little research I have discovered that is the Sotheby's auction house.
Somewhere in all that information is the fair market value.
Thank you again for the great help!
Hagerty Classic Car Value - if you have no idea how much a vehicle is worth, this is a good place to start. This put the value in the +/ $25,000 price range.
Hemmings - excellent, excellent, excellent. For my dad's car, there were a half dozen comparable vehicles listed. Excellent resource. This will really refine what the car is worth. Private sales, dealerships, and auction houses listed vehicles on the site.
Barrett Jackson was extremely helpful. You can fill out a Consignment Request Form with no obligation to consign and they will give you a free estimate. This will reveal what they think it will sell for. Their website lists comparable vehicles that they have sold in the past, but the prices were a bit lower than the Hemmings site. My guess is, because the vehicles were sold during the recession they would have been undervalued - maybe.
It probably would make sense to get a second opinion from another auction house, and I see that RM was suggested, which, after a little research I have discovered that is the Sotheby's auction house.
Somewhere in all that information is the fair market value.
Thank you again for the great help!
#7
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#11
Sorry for any confusion in my post about the +/- $25,000. The values of the vehicle that Hagarty gave was in approximately $50,000 price increments based on the condition of the vehicle.
Concourse Value - $255,000
Excellent Value - $178,000
Good Value - $101,000
Fair Value - $65,200.
I did not mean to say the vehicle was worth $25,000, but that without further research, I could decide on the condition of the vehicle and come up with a value within approximately $50,000 (or +/- $25,000).
Concourse Value - $255,000
Excellent Value - $178,000
Good Value - $101,000
Fair Value - $65,200.
I did not mean to say the vehicle was worth $25,000, but that without further research, I could decide on the condition of the vehicle and come up with a value within approximately $50,000 (or +/- $25,000).
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Awillie (03-10-2017)
#14
The series 1 XKE (E-type on my side of the pond) had the iconic 3.8 Litre straight 6 engine. It cost only one 3rd of the price of the equivalent Ferrari or Maserati (£2200) and was faster. Enzo said at the 1961 Geneva Show that it was the most beautiful car he had ever seen but it only had one problem, that it did not have a Ferrari badge on it.
The problem was that it became so much in demand that the Jaguar factory had to start cutting corners to get them out quickly enough.
The Americans had a joke saying "why do the British drink warm beer? Because they use Lucas refrigerators"
Fair comment
The problem was that it became so much in demand that the Jaguar factory had to start cutting corners to get them out quickly enough.
The Americans had a joke saying "why do the British drink warm beer? Because they use Lucas refrigerators"
Fair comment
#15
Two factors influence the value - condition and provenance.
To find an original owner matching numbers Series 1 in good unrestored condition is very difficult - to find one where the original owner actually wants to sell it is moving towards the almost impossible. If the title is further suppported with documentation from the original bill of sale through all service records, it just gets better.
At this level, minor cosmetic flaws will reduce bidding by many times more than the cost of rectification. The vehicle should be offered in the best possible cosmetic condition to maximise the value.
Graham
To find an original owner matching numbers Series 1 in good unrestored condition is very difficult - to find one where the original owner actually wants to sell it is moving towards the almost impossible. If the title is further suppported with documentation from the original bill of sale through all service records, it just gets better.
At this level, minor cosmetic flaws will reduce bidding by many times more than the cost of rectification. The vehicle should be offered in the best possible cosmetic condition to maximise the value.
Graham
#16
Join Date: Nov 2013
Location: Inverell, NSW, Australia
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+1 to what Graham [GGG] says . . . but even beyond condition and provenance, which includes paint colour and trim coz some original combinations are far more in favour . . . that detailed documentation of original import and sale documentation, detailed service, spare parts and maintenance documentation, even bulging photo albums . . . is incredibly valuable. In the case of our Series1 sale we estimate it formed about a 30% premium.
Even so, which Series1? And I don't just mean fixed head coupe or open roadster. Y'see . . . beyond those 2 obvious body styles, there were no less than 3 variants and values vary enormously by virtue of rarity and buyer preference -
A "flat floor" Series1 variant of impeccable pedigree (#6, IIRC) was sold here by private treaty about 2-3 years ago after "expressions of interest" were lodged at a start price of AU$250,000. It is believed the successful buyer wanted it to complement his equally impeccable, genuine D-Type. That E-Type's value today? Perhaps A$500K?
By comparison, a "ready for restoration" Series1, complete but untidy, of unknown history or with non-matching numbers and with little or no documentation, would be hard pressed to fetch AU$25,000. The sad part of this price is that this more affordable entry to an E-Type, may call for a AU$75,000 resto . . . but still end up valued at only AU$60,000 or so.
Edit : Can't believe I overlooked the one factor influencing value far more than most . . . where and how your Dad has "lived" the car and which market the car will be offered into.
Best wishes . . . and here's hoping Dad's Car goes to an enthusiast who will maintain and use the car . . . rather than just possess it for trophy cred.
Cheers,
Ken
Even so, which Series1? And I don't just mean fixed head coupe or open roadster. Y'see . . . beyond those 2 obvious body styles, there were no less than 3 variants and values vary enormously by virtue of rarity and buyer preference -
- the original and very rare "flat floor" variant with 3.8L XK engine, generator and positive earth, Moss box, and external bonnet locks, as displayed at Geneva Motor Show;
- the next, and early production "drop floor pan" variant with internal bonnet locks, but otherwise unchanged 3.8L XK engine, electricals, Moss box and still with the "spartan" cabin fit-out;
- the final Series1 production variant, again with "drop floor pans" and internal bonnet locks, but now with 4.2L XK engine, new all synchro box, alternator, negative earth electricals and upgraded interiors.
A "flat floor" Series1 variant of impeccable pedigree (#6, IIRC) was sold here by private treaty about 2-3 years ago after "expressions of interest" were lodged at a start price of AU$250,000. It is believed the successful buyer wanted it to complement his equally impeccable, genuine D-Type. That E-Type's value today? Perhaps A$500K?
By comparison, a "ready for restoration" Series1, complete but untidy, of unknown history or with non-matching numbers and with little or no documentation, would be hard pressed to fetch AU$25,000. The sad part of this price is that this more affordable entry to an E-Type, may call for a AU$75,000 resto . . . but still end up valued at only AU$60,000 or so.
Edit : Can't believe I overlooked the one factor influencing value far more than most . . . where and how your Dad has "lived" the car and which market the car will be offered into.
Best wishes . . . and here's hoping Dad's Car goes to an enthusiast who will maintain and use the car . . . rather than just possess it for trophy cred.
Cheers,
Ken
Last edited by cat_as_trophy; 06-05-2017 at 09:28 AM.
#17
SmittyXXR - yes, stick shift
GGG - yes, matching numbers. The Jaguar Heritage Trust Certificate also verifies my dad is the original owner. Title shows date of purchase (1964) and my dad's name. I don't know if he still has the original bill of sale, but Hemmings has a record of the purchase with his name. My dad has a photocopy.
cat_as_trophy - I don't know the terms 'flat floor' and 'drop floor pan' or 'external bonnet locks' and 'internal bonnet locks'. I assume these terms refer to the engine(?) I have photos of the engine and could try and figure it out. If I can't tell by the photos, I can ask my dad. It is a 3.8L, which narrows it down to two variants.
Thank you all.
GGG - yes, matching numbers. The Jaguar Heritage Trust Certificate also verifies my dad is the original owner. Title shows date of purchase (1964) and my dad's name. I don't know if he still has the original bill of sale, but Hemmings has a record of the purchase with his name. My dad has a photocopy.
cat_as_trophy - I don't know the terms 'flat floor' and 'drop floor pan' or 'external bonnet locks' and 'internal bonnet locks'. I assume these terms refer to the engine(?) I have photos of the engine and could try and figure it out. If I can't tell by the photos, I can ask my dad. It is a 3.8L, which narrows it down to two variants.
Thank you all.
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GGG (06-06-2017)
#18
Don't sell it
I don't care what other members say about the variants, I accept that they know a lot more than me. But to my mind a rust free series 1 convertible with a manual gearbox and the 3.8 litre straight six engine is just stratospheric in value. Get it restored to showroom condition with originality and keeping all original parts and you could be talking about $250,000. Personally I would not sell it for $1 million
I don't care what other members say about the variants, I accept that they know a lot more than me. But to my mind a rust free series 1 convertible with a manual gearbox and the 3.8 litre straight six engine is just stratospheric in value. Get it restored to showroom condition with originality and keeping all original parts and you could be talking about $250,000. Personally I would not sell it for $1 million
#19
Join Date: Nov 2013
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I'm not being pedantic . . . sincerely trying to help you, because I agree with others that you could be looking at a valuable example and obviously need help. My recommendation is as follows. If Dad decides to sell, get well informed professional help . . . or, at the very least, assistance of a nearby expert enthusiast who has neither the finances, nor friends, to cloud otherwise impartial advice. Why not PM your JaguarForums Regional Co-ordinator?
Best wishes,
Ken
#20