MARKET WATCH, September 2018, week 3

Lancia Flaminia drops hard

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The Lancia Flaminia Zagato Sport looks better value every day and examples are now nearly 20% cheaper than our last price guide update. That puts entry level at around £145k for a restoration project, with tidy cars more like £180k and the best now in £260-340k territory.

But according to Emanuele Collo who works for collector car specialist dealer Kidston SA, there are many good reasons why he sees them heading up, drawing similarities with a Ferrari 250 GT short wheelbase and other low-production numbers exotic GTs. It's one of several exciting cars that he tips to buy in our Hot 30 feature, in the latest issue of Classic Cars.
 

Great Ferraris get cheaper

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Some model have recovered from the slide, but not all. Most of the people we speak to in the market agree that investors have largely stepped away from buying classic cars, sensing that the days of easy wins are over. That left a lots of Ferraris looking overpriced after their turbocharged gains of recent years, and the remaining buyers, those who want the cars for what they are, have a more grounded view of what they're prepared to pay.

So we see the handsome and understated 365GTC sliding 8.3% since our last price guide update. Now you'll pay £325-550k, depending on the usual factors of condition, history and originality. Those may be the same old words that have long driven desirability, but in a buyers' market they become ever more important.

The price guide update is part of 43 pages of market analysis, tips and buying advice in the latest issue of Classic Cars.

We want this Porsche 911 Turbo

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Full service history, modest mileage and great condition stand out with this 1987 Turbo, so it looks attractive at £75k, and that's before you consider the tough black on black colour scheme. On chrome-era classics we'd consider pretty much any car with 100k miles on the odometer to be tired and ready for substantial refurbishment, but this is a 911, and one that has plenty of evidence of being properly looked after. So it's as taut and fresh as a 45k-miler and will continue to feel the same with a further 50k under the wheels.

It's the very durability, user-friendliness and excitement of air-cooled 911s that encouraged owners to keep on using them as daily drivers, long after rival performance cars were consigned to weekend plaything status, comprehensive rebuilds or broken-and-won't-sped-the-money-fixing-it limbo. So they tend to end up with huge mileages and scruffy cosmetics. This one appears to have led a charmed life, and looks as smart as it drives.

If you're tempted by one of these Eighties icons, or any of its period rivals, this car has to be worth a look. It's one of four cars for sale that we test and evaluate in the latest issue of Classic Cars.

Buy a Triumph TR4-6 well

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With prices on the move, now is the time to strike. But move carefully, because a history of low values has meant that lots of the cars out there have only ever had amateurish restorations, or deceitfully cosmetic makeovers in the past. It's tempting to think that the inherent simplicity and excellent parts supply for the TR4-6 series means that restoration holds no fears, but a comprehensive rebuild will easily burn far more money than the price of a genuinely good example. Fine if you enjoy the restoration journey; not if you just want a great TR to drive. And that's despite the current upward price trend.

Research for the buying guide in the latest issue of Classic Cars shows that the best TR5s are £75k and decent examples command £35-50k. A combination of early styling inherited from the TR4 and the sweet, fuel-injected straight six destined for the TR6 and low build numbers keeps the TR5 at the top of the tree.

Fortunately, TR4s come in at £15-32k and TR6s at £14-35k, while the carburettor-fed TR250 for the American market can be bought for £12-25k. To put those price ranges into perspective, our detailed buying guide in the latest issue of Classic Cars reveals that a high-quality body restoration alone can cost £25k on these cars. It also explains how to check the condition and authenticity of a TR before you part with your cash.