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I plan on attending the auction specially since there is a Lagonda V8 as well for sale. Who knows, I might bring it back home…
Francis
SOLD $90,000 USD
$105,300 including premium, a good investment for the vendor as he paid $18K for it in 2006. Fair value in today’s market IMO
So Francis are you the new owner?
That’s what I’d call good value in today’s market! IIRC, the Bonhams car a year or two back made that sort of money. Since then, values appear to me to have risen and (perhaps) the car that has just sold is better than the UK car (better paint, anyway 😀 ).
Did anyone get a condition report and would the non original engine effect the value very much?
All 4 of the high-selling auctioned Rapides (including 121 above) have now been sold by Bonhams as follows
149 (May 08 at AMWS) ?84K incl (with 4.2 engine, original number)
147 (May 09 at AMWS) ?75K incl (with DB5 engine)
138 (Dec 10 at Brooklands) ?86.2K incl (original engine, as befits concours car)So I wouldn’t expect the “non-original” engine to affect the value much, and clearly it didn’t this week; it was fitted in May 1965 by AML possibly as a warranty claim or goodwill gesture given it was owned by Babcock & Wilcox Ltd
Another car sold privately recently fetched a price of a similar order. The take-off point according to my research was around 2007. Food for thought!
September 2007 I bet!
Is 138 in pukka concours-winning condition? If so, that car was very cheap.
Obviously, the two of you know something (in particular) that I do not (or have forgotten) – what happened in September 2007?
I may be out by a few months but I meant the start of the banking crisis and loss of confidence in property…
Ah, I see. Well, as you will know, if there was a consequential dip in classic car values it was very short lived. For at least 18 months now, values have shot up, of course – the received wisdom is that cash converted into cars / art / wine etc. almost guarantees a better return than most investments AND it’s much safer. Plus, of course, you can drive the cars. 😀
In proposing the take off point was 2007, I was referring back to the motorbase website which lists most Rapide auction selling prices since the 90s, and which shows 2006 as the last year when cars sold for 20-30K (e.g. 146 the AML one). 138 certainly was in concours condition some time ago, and for about a decade (88-98) either it or 154 won the Lagonda Class at AMOC concours before certain wedges came on the scene
Right, I think I may have read a bit too much into it being 2007…
In mid 2008 a Lagonda sold for $35 000.- on e-bay. The car was in Florida, Blue as I recall… I missed the auction by 5 minutes… It came with a trunk full of spare parts.
Some guy in Indonisia is offering a Lagonda Rapide for sale on the internet…It’s a scam. He’s using the pictures of that car as it was advertized?on e-bay in 2008…
Francis
Hi Francis,
Yes, that’s the one David mentioned near the beginning of this thread – it was found somewhere Kissimmee in Florida. By chance, I had been in the town a few months earlier – if only I had known about the car at the time! $35k was strong money if it was in pretty poor condition (which I think was the case).
Tim
Hi All i am owner of the Irish Lagonda Rapide good news its still alive
and well, It has been stored for about 20 years any questions i will be happy to answer all the best
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