MARKET WATCH August 2018, week 1

Porsches stage a comeback

1. Porsche 911 The Bridge.jpg

After some years on the slip, selected Porsches are moving up again, according to the Price Guide update in our latest issue. Of the top 66 growers this month, 10 of them are Porsches, mainly 911s but with one front-engined model for good measure.

The fastest movers are the 993-generation (last of the air-cooled) RS and Clubsport, 924S and 925 Le Mans edition, each up 18%. It's a familiar pattern that the most hardcore and/or rare editions of a model grow earliest and fastest, but these trailblazers are closely followed by the more numerous 930-generation 3.3 Turbo (Eighties), up 14%, and mainstream Carrera 3.2, also from the impact-bumper Eighties generation, which is up 15%.

Even the relatively humble Seventies 911 2.7 is up 5.3%, thanks to the rush of interest in the model following a starring role in Scandinavian TV drama The Bridge and the publicity around the sale of that car at the Bonhams Festival of Speed auction. The £141.5k result hardly sets a precedent for regular examples that haven't benefited from small screen stardom, but it's bound to have a halo effect. Witness the premium attracted by any 1967/8 Mustang Fastback, Ford Capri 3.0S or Jaguar Mk2.

It all means that my hope of 911 prices continuing their slide back to that irresistible £10-18k price bracket seem dashed. More details on the latest issue here.

The Classic Cars Price Guide Quarterly is created in collaboration with classic car insurance specialist Hagerty.

Consul Capri moves out of the shadows

2. ACA Consul Capri.jpg

Could a strong auction result signal a change in appeal for this overlooked Ford? When one makes £22.5k at auction, it certainly had the attention of our auction scourer, Russ Smith. As he points out in this issue's Market Analysis, this was a failure by Ford standards, with just 19,000 of them finding buyers, and like most affordable classics, the market hasn't shown much excitement for them.

But this is a rare GT model with one-family ownership and verifiable 21.6k miles. A few minor and reversible modifications aside, this car ticked all the right boxes for an exceptional sale result, especially against the current trend for buyers of everyday classics being happy to spend over the odds on the best examples. So that's the counter argument.

On balance, we see this as the new price for the best of the best, with less-perfect examples remaining in proportion to that. More details on the latest issue here.

We want this MG Magnette

3. MG Magnette.jpg

Well, here's another family classic advertised at a price once reserved for dashing sports cars. We like its combination of fine condition and useful upgrades that improve its driver appeal. That condition is testament to the quality of the restoration, completed 18 years ago and is reassurance that there's unlikely to be any hidden rot.

The modifications were done to to make it a more effective and user-friendly machine for historic road rallying without detracting much from its period charm. You couldn't buy, restore and upgrade one of these for anything like the near £20k asking price, and you get something ready for action from day one.

The Magnette is one of four cars for sale that we test and evaluate in the latest issue. More details on the latest issue here.