MARKET WATCH April 2018 part 3

Not all Porsches have stalled

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Exceptional 911s can still push ahead while average examples are languishing, particularly with vendors who still believe that this year's price is last year plus 10%.

So we recently saw a 1992 Carrera RS – that's the 964 generation – sell for £280k, a 47% premium over our top condition price. But look in more detail and you find a sub-18,000-mile example with the paperwork to back it up.

After only enjoying relatively modest growth in the Porsche price boom of recent years, the first 911 Turbos – the purer 3.0-litre cars built from 1975-77 – have had a fresh surge, up 20%.
That makes entry level £55k for a rough example, £80k for a good car and £120-150k for the superb through to the ultimate in perfection.

The market has been unusually slow in recognizing how special and rare these cars are. I try not to think about when they were stalled at £25k.

For market insight, buying advice and more, buy the latest issue here

Top classics to restore in 2018

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Choose the right classic needing work and the value of the finished car can cover the improvement costs. The trick is to choose the right model with the right sort of work necessary.

For example, pay around £50k for a cosmetically tired but regularly used Ferrari 308 GTB and you'll have headroom to improve the paint, trim and details and end up with a car that could comfortably recoup your costs if you ever want to sell it later. The Ferrari specialist that we spoke to reckoned £5-7k would bring tired suspension, brakes and interior up to scratch, £3-4k should cover a fair amount of bodywork and paint and even a full engine rebuild should be possible within a £7-15k range.

Our Top Ten Cars to Restore in 2018 feature in the current issue of Classic Cars gives expert advice on a broad range of makes, from Triumph to Mercedes-Benz, guiding you through the best models to choose and the condition that makes a cost-effective starting point.

For market insight, buying advice and more, buy the latest issue here

We want this Jensen C-V8

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We like the non-conformist appeal of this 5.9-litre grand tourer. It's one of 500 built and is a 1963 MkII, powered by the 5.9-litre Chrysler V8 coupled to a three-speed Torqueflite automatic gearbox. At nearly £4000 new it was Aston Martin DB4 money. That and its controversial styling made it the preserve of the few, and ensures standout wherever you take one now.

This car spent a big chunk of its life in museums before being returned to the road, but that doesn't mean it's escaped the wear, tear and ageing of a 55-year-old car. It's in what the Americans call 'driver condition', meaning it's presentable but lacks either the timewarp-original or freshly-restored-and-perfect condition that car show enthusiasts pursue. Glassfibre-bodied cars like this can give a false sense of security against rust, but underneath there's a hefty tubular chassis that can rot like any other. Fortunately this one appeared sound, with evidence of welding repairs where needed.

It's also driver condition in the literal sense, everything from the lusty V8 to the suspension feeling fresh and taut on our test drive. Our tester seemed reluctant to bring it back to the dealer.

The Jensen is one of four cars for sale that we test and evaluate in the current issue of Classic Cars. For market insight, buying advice and more, buy the latest issue here