From last week's RM/Sotheby's Art of the Automobile auction: 1966 Jaguar E-Type Series I 4.2-Litre Roadster Classic Showcase restoration of a 71K mile car. Three time JNCA 100-point car, two 1st in class wins, etc. Basically a fresh best of class cosmetic restoration, but no notable history or ownership. Chassis no. 1E11911 Engine no. 7E6555-9 Body no. 4E3351 Gearbox no. EJ5705 Sold for $467,500 The top of the market for this sort of car has been $145K with a few exceptions stretching towards $200K when alcohol, testosterone and coaxing auctioneers are involved. But $467K? Here's the link if anyone cares: 1966 Jaguar E-Type Series I 4.2-Litre Roadster | Art of the Automobile 2013 | RM AUCTIONS
WOW....that’s an anomaly. Wonder why. I'm the second owner of a black plate '65 OTS. Maybe it's time for a full restoration! Beautiful car/photos....thanks for posting.
That is a fantastic price. Perhaps the color black also helps - but from the description it seems like black was not the original color? These are undervalued cars.
The price is stratospheric, but I do agree that at least these cars are underrated. Like ghibliman, I am the owner of a S1 - although it's a '66 FHC. It's a driver, but perhaps I too should think about a restoration!
One element that needs to be taken in to account in this particular sale, is how the cars Were presented. The cars were arranged as though they were at an art museum or an important art collection, the kind of clientele in attendance, the facility where this auction was held, the lighting used, all these elements played to help hype the cars. It seemed the kind of atmosphere was instrumental to several sales being extremely strong. Yes, over 450k for an E type dose seem rather amazing, but don't count every perfect E type selling at that price... Show winner or not.
I have to agree that there was some strange dynamic going there........when a toy Ferrari sells for over $126,000.00 that's strange. Ferrari 180 Testa Rossa Children's Car | Art of the Automobile 2013 | RM AUCTIONS
Overpaying a car by 200% must mean your money came way too easy. A great way to get the IRS to focus on you Best, Jack.
Likely unrepeatable result in the near term, but I would imagine it will be highly referenced by auctioneers and ring men alike come January in Scottsdale.
One big winner is Classic Showcase who auctions off a handful freshly restored E-Types every year. I owned a 1966 E-Type OTS restored by Classic Showcase and it collected its share of +99 point trophies and wins. Their cars are indeed pretty, but poorly sorted if you actually drive and maintain them; unrestored instrumentation, broken-off tap where a Zerk fitting should be, brake hardware safety wired the wrong direction, poorly prepped metal work that resulted in paint sag years later, etc.
BTW, Gooding & Co. will have a 1963 E-Type roadster and their estimate is $200-250K no reserve. A few era in Jaguar E-Type valuations? I doubt it.
I can hear Charlie Ross now "250 thousand I'm bid. No money, really. 300 thousand, may I say. You're getting it at half price. Are you bidding, madam? No? Just ordering a cocktail, then? "
Prices are steadily increasing. I paid a very strong price for a '62 coupe which is all original (paint and interior) in blue/red with documenting going back to the original purchaser including bill of sale. 25,000 miles. I hope in several years it will be "well bought."
Certainly not in the same stratosphere but a '61 sold for $304,500.00 and a '64 for $194,664.00 at the recent RM auction. Perhaps these cars are rising with the tide of recent ridiculous prices, but I do feel good ones have been under-valued in general.
I am kicking myself for not buying one of the Series 1 coupes I looked at a couple of years ago, very nice cars in the $40-60K range. Oh well! Questions: Do you think the run up in Series 1 E-Types is a permanent deal, or part of the larger collector car bubble some people think we are in? Series 2 and 3 cars still do not seem to have increased much, especially relative to the Series 1 cars. Do you think they will soon start heading up as the Series 1 cars start getting priced more and more out of a lot of people's range?
I've always wondered when E-Types would "get their due". That may sound a little off base, because they certainly are respected and well-known. However, I always felt they weren't valued the same as others (e.g., mid-year Corvettes), especially the coupes. I'd hazard a guess they could correct in time, but relatively speaking, it may be difficult to find another solid S1 in that range. I've thought of selling mine for a SII coupe, if for nothing more than getting out while I'm ahead of the game. Nothing really serious though...
