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Paul Coleman

Wyn's S1 for sale

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Can't believe that Wyn has his S1 for sale...

http://www.esprit4sale.co.uk/Sale/UsedCarCentre.html

After 4 years and

Edited by Paul Coleman

Lotus Esprit [meaning] a 1:1 scale Airfix kit with a propensity to catch fire

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The car is the same standard as Jeff's only rarer in my opinion because its orange.

The restoration would easily cost the

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Looks a lovely car and is a rare example but unfortunately I can't see it selling for nearly

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It looks absolutely great and I wouldn't doubt the costs involved in restoring it but, if as Gordon says, it's been rebuilt with every nut and bolt replaced, is it really an early S1 or is it a new car (without the performance of a new Golf) in the shape of a 1970's sportscar?

Don't get me wrong, I think all our cars are seriously undervalued but it reminds me of the old addage from Only fools & horses where Uncle Albert says he's had the same broom for 50 years although it's had 15 new heads and 5 new handles - to me that's not a 50 year old broom.

Quite prepared to have my head bitten off, but I wouldn't mind hearing what others think.

Bazza

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The fact that there are people willing to do a concours-level restoration on an S1 (or any car) demonstrates the fact that there is interest in paying top dollar for a top-shelf restored vehicle. Think of it this way: At the "usual" level of price for a car, smart buyers know to buy the best example you can find rather than one that needs a little work, because the one needing a little work will usually end up costing more to put right than the better one. When you are looking for a 100-point, concours-level car, the same is true; the already done car is a better buy than the one that needs doing (the exception, of course, is cars over $1million, where ultimately the value of the finished product is way more than the sum of the parts).

So in the case of the S1, it's just a matter of finding that person who wants a perfect one. Somewhere out there may be a guy who heard about Jeff's car and is lusting and drooling with jealousy. When that guy hears about Wyn's car, consider it sold. Or somewhere out there, there's a guy who has a ton of money and remembers wanting an S1 years ago, and Wyn's price is insignificant to his finances, as he probably has a Miura, Countach, Dino, and a couple of new Ferraris and Astons as daily drivers. There are people like that; it just takes one of them to want an S1.

When will that happen? I don't know; the biggest obstacle to a well-priced S1 is a double-sided coin: On one side, the collector car market, speculators, and all the people who let a magazine tell them what to buy are just getting out of the "1960s are the greatest decade ever" phase and are only up to the early 1970s in terms of driving car prices up -- it may be a few more years for mid-late 70s cars to appreciate. The other side of the coin is that the people who are most likely to appreciate the S1 are still a number of years away from their peak earnings/income; people in their 30s and 40s right now are overall greater fans of the S1 than other generations, and they're still raising families, climbing the corporate ladder, building the business, etc. -- there will be a larger pool of buyers with more money per capita a number of years from now.

Here's a thought about Wyn's and Jeff's cars that I shared with Jeff a while ago: These restorations (especially Jeff's) are as good, ideal, proper, and authentic as any S1 restorations are ever going to get. How many people can claim "My interior was retrimmed by the man who trimmed the original prototype?" In Jeff's case, how many people can claim they picked up their restored S1 at the factory, were handed the keys by (who was, it MJK?), and had HAZEL CHAPMAN as a passenger for a lap around the test track? Can a restored car have any greater blessing? Now that's provenance. And with the case of both Wyn and Jeff, their cars were restored by the "original generation" of Esprit specialists -- SJ, Paul Matty, etc. are folks that have known these cars since they were new, and this memory/knowledge is valuable in assuring a proper restoration, and something that younger or future generation restorers will never have. Twenty years from now, when people are restoring S1s and they are worth a lot of money, no restoration will have the kind of authenticity of Jeff's and Wyn's. <_<

My two cents and then some!

Edited by Tony K

Tony K. :)

 

Esprit S1s #355H & 454H

Esprit S2.2  #324J

1991 Esprit SE

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Wasn't that trigger.......................Dave!!!!!

Nice car by the way, hopefully all our values will go that way!!!

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Agree with your comments Bazza

Dave

It looks absolutely great and I wouldn't doubt the costs involved in restoring it but, if as Gordon says, it's been rebuilt with every nut and bolt replaced, is it really an early S1 or is it a new car (without the performance of a new Golf) in the shape of a 1970's sportscar?

Don't get me wrong, I think all our cars are seriously undervalued but it reminds me of the old addage from Only fools & horses where Uncle Albert says he's had the same broom for 50 years although it's had 15 new heads and 5 new handles - to me that's not a 50 year old broom.

Quite prepared to have my head bitten off, but I wouldn't mind hearing what others think.

Bazza

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Unless it's purchased by an Esprit nut who really appreciates it I cant see it fetching much more than

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Don't get me wrong, I think all our cars are seriously undervalued but it reminds me of the old addage from Only fools & horses where Uncle Albert says he's had the same broom for 50 years although it's had 15 new heads and 5 new handles - to me that's not a 50 year old broom.

I think you'll find it was Arkwright - Open All Hours


Right then, said Fred.

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Unless it's purchased by an Esprit nut who really appreciates it I cant see it fetching much more than

Lotus Esprit [meaning] a 1:1 scale Airfix kit with a propensity to catch fire

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I think you'll find it was Arkwright - Open All Hours

Posibly in both - it was definitely in Only Fools & Horses

Sid the cafe owner talking to Trigger in a 1996 episode although I may have got the number of brooms and handles wrong !

It's an old gag..

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I reckon Wyn has priced it to make sure it goes to the right person; probably a collector like Jay Leno. Someone who is after a minter rather than just a very good one. Someone who has money to spare, who is likely to keep it the way it is now. After spending so much on the restoration, it would break your heart to see someone get it and then not keep it that way.

I'm sure he'll struggle to sell it at that price, but there are people who will spend that sort of money for a perfect example and it'd be nice to know that at least one of this iconic car was being kept in mint condition for posterity.

Phil


More speed, less haste

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Posibly in both - it was definitely in Only Fools & Horses

Sid the cafe owner talking to Trigger in a 1996 episode although I may have got the number of brooms and handles wrong !

It's an old gag..

You might be right.


Right then, said Fred.

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I've got to be honest and say that he could be making a smart move here. Who knows what the situation will be 20 years from now. Maybe petrol as we know it won't exist anymore as everyone goes towards other propulsion fuels. What will our cars be worth if we can't physically drive them?

If he gets


Regards

Mat

post-1-0302470001278592957.jpg

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Having said all that some of you know that I'm having mine restored at present. For me it's a labour of love, not an investment, but I do worry if I'm pouring a load of cash down the drain (it's not going to stop me though!)

Your car was already an absolute stunner and I'm sure will be immaculate after restoration. But yes, I guess it's mostly money down the drain. Still, imagine how much would be going down the drain in depreciation if you bought a new Europa at list! It's just a question of how you like to spend your money and restoring an original can be very satisfying.

When I had my first flat there was a guy lived upstairs who owned a car identical to yours, registration RNG ??? R. He left for work early every Monday morning and I used to hear him cranking that engine for a cold start at 6.30 a.m. in the winter, then warming it with some revs to get it settled before trying to drive off. Very distinctive sounds. I'd already fallen in love with Esprit as a kid and that pushed me over the brink and led to an S3 on my own drive.

IMO apart from a few buyers who may be particularly keen to get into an original unrestored S1 most of the Value in G-cars will be headed in the direction of the coloured bumper variety after about 1985.

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I reckon Wyn has priced it to make sure it goes to the right person; probably a collector like Jay Leno.

Your probably right it will go to someone who has a fleet of cars and a stunning air conditioned garage to keep them in .......but that said it is kind of sad if another one leaves the UK :thumbup:

Biggest problem with a car restored to that level IMHO is that its almost un-drivable because your worried it gets pranged etc ... and every time you take it out you would have to spend more time cleaning it than you had been out in it if you want to keep it in that condition .... otherwise it looses its pristine "just left the factory" condition.

I have spent a fortune on 100G (although the amount is a closely guarded secret.... for various reasons :thumbsup: ) and it will get its interior done in time too BUT it will ALWAYS remain a road going car ... its just a matter of balancing your spending on what you can afford and what your long term plans are.

Personally i think its crazy to spend a fortune on a restoration and then walk away from the car and loose a good chunk of what you have just spent .... wouldn

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I'd rather see it in Beaulieu as a static exhibition than leave the country in the hands of a private collector. Maybe they would be interested in buying it - do they have a series 1 Esprit (I haven't been there for years)?

Paul.


Lotus Esprit [meaning] a 1:1 scale Airfix kit with a propensity to catch fire

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Yes, spending 60k doing up that S1 seems a waste money, but look what's going on now in the Classic Car market boom. Flick through the back pages of Classic car magazines and you can see ridiculous amounts of money being spent restoring cars at the moment. Take for example this car; 120k spent restoring a Porsche 911 RS Replica! It's not an original car! That really is a waste. Clicky There are many more examples of total excess at the moment.

Porsche%20911%20RS-Small.jpg

S1's are the most collectable Esprits and it's great they're being restored like this, they'll be taken more seriously as collectors cars and future investments. And they'll be much better than when they left the factory. I say it's good news.

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Keep hold of the car for a hundred years and you never know how much it'll be worth...

The world's oldest surviving Rolls Royce car has driven away with two records after it sold at auction in London for

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