MARKET WATCH, November week 1

Ford Capri MkI prices soar

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Prices for the V6 versions are chasing Triumph TR4 money, particularly the well-appointed 3000E, like the eye-popping Le Mans Green example above that Brightwells sold recently. It’s all down to two simple factors – scarcity of good examples that avoided being crashed, scrapped by corrosion or modified, and a new generation of well-funded enthusiasts who lusted after fast Fords rather than tweed-cap sports cars back in their youth.

We’ve seen the 3000E jump 25% since our last update, placing those rough project cars at nearly £4k, tidy, usable cars at double that and the best at £17-25k. Following in its wake is the 3000GT, up 11% to just over £3k, £6.5k and £14-20k in equivalent condition.

As ever when a single car beats is auction estimates, owners of 3000Es will be trying to tell us and the world that theirs must now be worth the same £29,920 as that exceptional Le Mans Green example above. But a single high sale merely contributes to our ongoing pricing knowledge, it doesn’t redefine it in one go. To find out how much it contributes we’ll have to wait for a few more sales, and we may not have to wait too long – stellar results tend to tease cars onto the market as more owners are tempted to try their luck. For the latest price updates on more that 1200 classics, you can buy the latest issue of Classic Cars.

The Porsche 911 Turbo to buy now

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Prices of the 996-generation Turbos are slipping, so you have a choice of waiting for them to become better value still, or moving as soon as you can afford one because trying to predict the bottom of the market is a risky game. Even the professional share dealers don’t attempt to buy at the trough and sell at the peak, because it’s almost impossible to get right. Same with cars, so the question with the 430bhp Porsche 911 Turbo of the 996 generation shouldn’t be how much cheaper will they get, but do I think the current prices make them affordable and good value to me.

The rough stuff is circa £24k, with good cars around £35k and £45-55k buying the best. Their decline has more to do with how over-heated the market for modern classic 911s became than any deficiency of the Turbo 996, because it’s a spectacular car to drive and not as scary to own as the regular 996 models. Its engine is effectively a water-cooled version of the old air-cooled flat six, rather than the fragile all-new water-cooled design created for the 996 and Boxster. For the latest price updates on more that 1200 classics, produced in collaboration with Hagerty classic car insurance, you can buy the latest issue of Classic Cars.

We want this Land Rover Series 1

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This 1951 Series 1 is an attractive blend of patina and restoration. On our test drive in the current issue it felt mechanically fresh, one of the best we’ve tried, but there are no receipts to confirm what restoration work has been done.

Straight panels with good, consistent gaps appear to have had a recent repaint in a satin finish and there is some evidence of older paint beneath the new coating. Apart from the engine and its ancillaries, most of the major mechanical components have been cosmetically restored and most of the underside is protected with black underbody seal. As the rest of our test and evaluation shows, this one is well worth a look if you’re in the market for a smart early Land Rover to drive. It’s one of four classics for sale tested in the latest issue. To buy a copy, click here.