Posted on 04/25/2021 3:51:00 PM PDT by mylife
We've seen plenty of classic car restoration jobs in our time, but the salvage project facing the winning bidder of this particular auction item is undoubtedly a daunting prospect. However, buying it could be a very lucrative decision in the long run, according to experts.
This rare 1960 Jaguar XK150 S 3.8 Drophead Coupe has seen better days - in fact, it currently looks less like a Drophead and more like dropped-on-its-head.
Having been crashed by the owner in 1996 and stored in a garage ever since, it is set to be sold at auction for an estimated guide price of - wait for it - £10,000 to £15,000.
While that might seem steep for a motor in such a catastrophic state of disrepair, the selling auctioneer says it 'looks worse than it is' and the financial return of restoring it to its former glory could be extremely profitable indeed, claiming it could be worth up to £250,000!
(Excerpt) Read more at dailymail.co.uk ...
That will buff out.
Looks like it has been in an accident before because that looks like bondo on the left front fender.
That’s going to take a lot of buffing.
send it round to Inspector Morses mechanic..
How can you tell that the oil needs topping up in a Jaguar... It stops leaking.
Either Leno or Shaq can add it to their collection and get it rebuilt.
:)
Good thing restoring a vehicle is free or it would probably cost more to restore it than it would be worth.
And the cost of rebuilding a car with original parts that now sell for hyperinflated prices because when complete the car will sell for 250k?
I would suspect that is probably rust. The rust may be more of a problem than the big dent.
A new windshield alone probably costs $1,000.
It looks like the left front fender has more Bondo than metal.
Brit cars have bonets and boots, not hoods and trunks.
Kind of representative of an average Brit’s teeth.
The final restoration cost of that car will be $225-250-275k
I suspect there is more rust elsewhere under that shiny red paint.
I am not familiar with vintage Jaguar part prices but the price may be determined by the value of the parts and they will part it out. However, someone may like the car and pour in more money than it is worth to restore it. Someone didn’t want to let go for 24 years.
That grille will be a hard restoration or very difficult to replace. I’ve restored Mustangs and finding parts for a 65’ and 66’ was difficult thirty years ago. These days much easier because of the Internet. I doubt there are many reproduction grilles for this Jaguar available.
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