1963 MG MGB by Colin Wood
Apr 20, 2022
Photography Courtesy Hyman, Ltd.
If Hagerty currently values a 1963 MGB in No. 1 condition at $34,300, then why is this one listed at nearly $50,000?
Noted to be an early “pull-handle” model, this MGB underwent a “nut-and-bolt rotisserie restoration” that was completed sometime in 2010.
The car is also said to retain its numbers-matching engine and comes finished in its factory colorway of Old English White over a red interior.
Find this 1963 MGB for sale from Hyman, Ltd. for $47,500.
He priced the vehicle obviously high to anticipate the negotiating normal done between buyers and sellers. This concept has been utilized since Adam & Eve times. Love the color combination. This version of the B is the quintessential British sport car as Old Shell would say. Overdrive would be nice but certainly could be added. As an owner of a 67 OEW B G/T I congratulate whoever did the restoration work.
The asking price by the seller is basically the seller trying to recoup the money he wasted performing a nut and bolt rotisserie concours restoration on a car that will never be worth the money he spent doing it. He wants others to pay for his/her error in judgement. A similar mistake on an American car would be to spend $65,000 performing a nut and bolt rotisserie concours restoration on a 1966 Ford Mustang that will never have a resale value above $45,000. Glenn in Brooklyn, NY.
Your nearly never going to recoup what it costs you to Fix something...
Ask for half of what it cost and you'll be in the ball park..
( certain conditions apply, market value on specific vehicle may differ, offers may be null and Void in your State ;)
Unless anyone with too much money wants a brand new 1963 MGB
A 1961 MGB was the reason I've had two Miata's
i was helping a friend work on it, we went out for a spin after it was on the road and I was hooked on the Fresh air experience !
Well its half way there, now start clicking add to cart with Frontline Developments and you will have a $100,000 + car.
Make no mistake, they are selling MGBs in 6 figures and people are buying.
More curb appeal than a Miata as well ;-)
Sam
I would think there is someone who had one in there younger days and loved it would spend the money for it.
It is a better route for someone who is not a professional Bodyman to purchase one like that. A collector/enthusiasts can purchase one that is all sorted and ready to go. I think I am quoting GRM with how to purchase a collector car. That one appears to be a car that had a lot more spent on it than $47000.
In reply to seanglenn47 :
Totally agree. Early B's were my first cars. The pull handle models are rare but for me this car no longer is a driver. It now becomes a trailer queen and show car. Nice to look at, nice restoration but at that price, no longer a driver. I have nothing but fond memories however, I believe they are not concours-nut-and -bolt-restoration cars. The market is what it is. Maybe someone with lots of extra cash will be the new recipient.
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Price
$47,500
Color
Old English White
