Ultra rare mk 1 Escort at upcoming auction

Ultra rare mk 1 Escort at upcoming auction

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aeropilot

35,155 posts

230 months

Wednesday 12th June
quotequote all
WPA said:
Maxdecel said:
Not an Escort but it's in the DNA and quite rare.

https://www.handh.co.uk/auction/lot/lot-102---1970...

Chris Browne has his Mk1 & 2 rally Escorts in the same auction, both £40-50K
It would be interesting to know how many of the 30 survive now.
Peter Osgood's one, 7H, was up for sale for north of 50k only a couple of years ago.....no idea whether it sold or not though.

I believe 10H, which was Sir Geoff Hurst's car, is still around but has been tucked away in a 'private collection' since the 1990's.

At least 3 others of the 30 survived into the early 2000's as taxed cars, (5H, 9H & 26H) so there's a chance that at least 5 or 6 have survived.



vpr

3,730 posts

241 months

Wednesday 12th June
quotequote all
aeropilot said:
WPA said:
Maxdecel said:
Not an Escort but it's in the DNA and quite rare.

https://www.handh.co.uk/auction/lot/lot-102---1970...

Chris Browne has his Mk1 & 2 rally Escorts in the same auction, both £40-50K
It would be interesting to know how many of the 30 survive now.
Peter Osgood's one, 7H, was up for sale for north of 50k only a couple of years ago.....no idea whether it sold or not though.

I believe 10H, which was Sir Geoff Hurst's car, is still around but has been tucked away in a 'private collection' since the 1990's.

At least 3 others of the 30 survived into the early 2000's as taxed cars, (5H, 9H & 26H) so there's a chance that at least 5 or 6 have survived.
My mate has 1H but sadly it’s on a Merc 280SL

Maxdecel

1,349 posts

36 months

Friday 14th June
quotequote all
aeropilot said:
Mark A S said:
Maxdecel said:
Last taxed 1989 - https://www.mathewsons.co.uk/auction/lot/lot-662--...
Estimate - £55,000 - £58,000
Lot of pics, lowering blocks ?
Apart from the steering wheel, better than new, which TBH i find off putting!
The steering wheel, while perhaps not to many people's taste, is actually a correct optional Ford Motorsport Group 1 steering wheel that was available from Boreham at the time, and quite rare.
Personally I prefer the works style Springalex deep dish wheel, if wanting a change from the standard flat spoke RS wheel.

Wood dash is not original to the car, as the 6 dial piece has external screws, and they were screwed from the back at the factory, so no visible screws.
I'm not keen on the repro stamped VIN plate either....would rather see a tatty original in place even if scratched and worn etc.
Best color combo imho, even though the green decals are wrong shade to original, but no one has been able to reproduce them to correct shade over the years.
Its got the wrong style door cars for a RS2000 as well.
Its very shiney, and a bit too clean for me, especially the underside, as they never looked like that even as they left the merry-go-round production line at Aveley!!

Be interesting to see what it goes for. Despite me being critically picky, it looks a pretty good restoration considering some of the stuff seen for almost similar money.
No Sale - https://www.mathewsons.co.uk/auction/search/?g=1&a...
Ditto - https://www.mathewsons.co.uk/auction/search/?g=1&a...

Thought there were others, a Mk1 big winged displaying Mex logos but a Duratec under the lid ? Maybe one of a few withdrawn.

Couple OT, sale price caught my eye - https://www.mathewsons.co.uk/auction/lot/lot-214--...
https://www.mathewsons.co.uk/auction/lot/lot-474--...yikes
Shell - https://www.mathewsons.co.uk/auction/lot/lot-680--...
Stag - https://www.mathewsons.co.uk/auction/lot/lot-802--...

And the nice Daytona RS - https://www.classiccarauctions.co.uk/1974-ford-esc...

aeropilot

35,155 posts

230 months

Friday 14th June
quotequote all
Reserve for the Modena/green decal RS2 was likely quite high, and it fell way short to be a no-sale.

That Daytona one that sold at Anglia for 40k would put the green/green one at high 40's top, so short of the Mathewsons guide price of mid to high 50's, which I though was optimistic.
I wonder what it got bid up to? I suspect maybe 10k short of the reserve?

That Sierra Cossie shell went for exactly what I thought it would go for.

markymarkthree

2,352 posts

174 months

Saturday 15th June
quotequote all
Maxdecel said:
70s cars, is where it's at for us boomers.

I-am-the-reverend

719 posts

38 months

Saturday 15th June
quotequote all
Anybody who bought a Mark 1 RS2000 new is now in their seventies. I see these and their ilk on a downward value slide now. They were an inexpensive fun car when new but the market for anyone to spunk serious money on one is shrinking.

I can understand buyers shelling out £25,000 on a good one but not double that. Hold tight for five years and that's where they will be.

Maxdecel

1,349 posts

36 months

Saturday 15th June
quotequote all
Maxdecel said:
For once I've found a car to match the thread title smile
https://www.handh.co.uk/auction/lot/1-1969-ford-es...
Withdrawn curse
Was looking forward to see the outcome on that one.

aeropilot

35,155 posts

230 months

Saturday 15th June
quotequote all
I-am-the-reverend said:
Anybody who bought a Mark 1 RS2000 new is now in their seventies. I see these and their ilk on a downward value slide now. They were an inexpensive fun car when new but the market for anyone to spunk serious money on one is shrinking.

I can understand buyers shelling out £25,000 on a good one but not double that. Hold tight for five years and that's where they will be.
They won't do that, they will just plateau at a little below where they are now. In fact they started levelling off a few years back.
You only have to go back a decade to Lotus-Cortina prices to see the trend for the 70's RS's. When RS's were still 'cheap' fun toys in the late 80's, 60's Lotus-Cortina's were the ones that jumped up in price and by the 90's they were ones in the 50k+ region.
A decade later and LC's have plateaued and its the 70's RS's that have joined them in that 40-60k region. They've now plateaued at that level and its the 80's RS's that have gone ballistic. In a decade's time they will have plateaued in the same way.
Today a nice Mk.1 Lotus-Cortina is pretty much the same price bracket as it was 25 years ago, so in real money terms they have gone down in value, even if the numbers say they haven't.


Mikebentley

6,277 posts

143 months

Saturday 15th June
quotequote all
I agree with them never going below £40k again. I sold a 1955 XK140 FHC a couple of years ago and I was realistic that anyone wanting one was likely aged in their 70s. It was bought by a man who was 73. I was mindful that the XK140 doesn’t carry the allure of an E Type so the buyer pool is decreasing. MK1 and MK2 Escorts have the competition history and a huge following across the globe.

The other thing is that I am 57 now and was into the fast Fords in a big way in the mid eighties and onwards. Lots of people in the same age bracket now as empty nesters with money to spend so I think Escorts are going to remain strongly valued.

PAUL.S.

2,700 posts

249 months

Saturday 15th June
quotequote all
I think the mk1 escort is the one car that crosses the age barrier, lots of guys in their 30s also really like them, and so prices are not fueled by pure nostalgia with that group, it is the playstation generation instead, I sold a 2 litre pinto, 5 speed t9 and rear axle out of a p100 to a guy in his late 20s building up a base shell into a rally spec mk1 escort recently, he turned up in a brand new vw transporter van, I believe it is the one car that will hold well price wise. They are small, light, nimble, easy for a diy mechanic to work on, spares are plentiful etc.

If you can I would suggest squirreling away mk1 3dr base sierra's out of europe, they are still cheapish (but now climbing) and rot free from the warmer climes, they will be the next equivalent of the Mk1 2dr escorts for conversion into Cosworth race, rally and track cars or resto mods in the next 10 years. Again mechanical parts are plentiful and getting better in the aftermarket now but a genuine new old stock cosworth shell has gone from sub £1k to £10k plus, where as you can pick up a complete, running late mk1 lhd 3dr which uses the same post 85 shell for half that.




Edited by PAUL.S. on Sunday 16th June 09:43

Muzzer79

10,392 posts

190 months

Saturday 15th June
quotequote all
I-am-the-reverend said:
Anybody who bought a Mark 1 RS2000 new is now in their seventies. I see these and their ilk on a downward value slide now. They were an inexpensive fun car when new but the market for anyone to spunk serious money on one is shrinking.

I can understand buyers shelling out £25,000 on a good one but not double that. Hold tight for five years and that's where they will be.
I wasn’t even born when the mk1 Escort was out and I’d sell surplus organs to have one.

They won’t drop by that much, if at all. Cool cars are cool cars, no matter the age group. If you theory were correct, cool stuff from the 60s would have dropped - hint, it hasn’t.

aeropilot

35,155 posts

230 months

Saturday 15th June
quotequote all
Muzzer79 said:
I wasn’t even born when the mk1 Escort was out and I’d sell surplus organs to have one.
biglaugh

LastPoster

2,497 posts

186 months

Saturday 15th June
quotequote all
Similarly I have a mate who had a Talbot Sunbeam as his first rally car when he was 20ish (which he still has) and is building another now as a weekend fun car. The newest Sunbeams are older than he is.

AceRockatansky

2,215 posts

30 months

Saturday 15th June
quotequote all
Muzzer79 said:
I-am-the-reverend said:
Anybody who bought a Mark 1 RS2000 new is now in their seventies. I see these and their ilk on a downward value slide now. They were an inexpensive fun car when new but the market for anyone to spunk serious money on one is shrinking.

I can understand buyers shelling out £25,000 on a good one but not double that. Hold tight for five years and that's where they will be.
I wasn’t even born when the mk1 Escort was out and I’d sell surplus organs to have one.

They won’t drop by that much, if at all. Cool cars are cool cars, no matter the age group. If you theory were correct, cool stuff from the 60s would have dropped - hint, it hasn’t.
I'm 47 and own one of the best built MK2 rally escorts available today with a category 1 passport. Car is older than I am.

Maxdecel

1,349 posts

36 months

Saturday 15th June
quotequote all
Is this the most expensive Mk 1 ? Advertised on here but appears to be sold according to the sellers site.
Just seen video 1 year old so don't go negotiating away your organs Muzzer biggrin
https://www.pistonheads.com/buy/listing/14933257

Mark A S

1,860 posts

191 months

Sunday 16th June
quotequote all
Maxdecel said:
Is this the most expensive Mk 1 ? Advertised on here but appears to be sold according to the sellers site.
Just seen video 1 year old so don't go negotiating away your organs Muzzer biggrin
https://www.pistonheads.com/buy/listing/14933257
I think that's been for sale for at least a year, possibly more, hardly surprising at that price.

Regarding Mk 1 and 2 values, i agree with many comments above, they appeal to many age groups so will hold there values for the foreseeable future IMO.

PAUL.S.

2,700 posts

249 months

Sunday 16th June
quotequote all
An MST version of the above would cost far more than the asking price shown there, without the provenance.

KGF always ask top dollar and then some, but you have to ask, has anything they have sold in the last 10 years then sold for less later on? I doubt it, they have ridden the nostalgia wave well, buyers have taken the initial hit, but bought well in most cases as prices have continued to rocket afterwards.

Edited by PAUL.S. on Sunday 16th June 09:49

AceRockatansky

2,215 posts

30 months

Sunday 16th June
quotequote all
PAUL.S. said:
An MST version of the above would cost far more than the asking price shown there, without the provenance.

KGF always ask top dollar and then some, but you have to ask, has anything they have sold in the last 10 years then sold for less later on? I doubt it, they have ridden the nostalgia wave well, buyers have taken the initial hit, but bought well in most cases as prices have continued to rocket afterwards.

Edited by PAUL.S. on Sunday 16th June 09:49
An MST car is a restomod with much better parts, equipment and engine. They can be specced with some very nice upholstered seats and reliable electronics, so not really a comparison, none of which is cheap.

PAUL.S.

2,700 posts

249 months

Sunday 16th June
quotequote all
AceRockatansky said:
PAUL.S. said:
An MST version of the above would cost far more than the asking price shown there, without the provenance.

KGF always ask top dollar and then some, but you have to ask, has anything they have sold in the last 10 years then sold for less later on? I doubt it, they have ridden the nostalgia wave well, buyers have taken the initial hit, but bought well in most cases as prices have continued to rocket afterwards.

Edited by PAUL.S. on Sunday 16th June 09:49
An MST car is a restomod with much better parts, equipment and engine. They can be specced with some very nice upholstered seats and reliable electronics, so not really a comparison, none of which is cheap.
It is a direct comparison, MST could build an exact copy of that car, but it would cost far more to do so and would be a reproduction, not a period original. That is the point I was making. Originality always trumps anything else.

aeropilot

35,155 posts

230 months

Sunday 16th June
quotequote all
PAUL.S. said:
AceRockatansky said:
PAUL.S. said:
An MST version of the above would cost far more than the asking price shown there, without the provenance.

KGF always ask top dollar and then some, but you have to ask, has anything they have sold in the last 10 years then sold for less later on? I doubt it, they have ridden the nostalgia wave well, buyers have taken the initial hit, but bought well in most cases as prices have continued to rocket afterwards.

Edited by PAUL.S. on Sunday 16th June 09:49
An MST car is a restomod with much better parts, equipment and engine. They can be specced with some very nice upholstered seats and reliable electronics, so not really a comparison, none of which is cheap.
It is a direct comparison, MST could build an exact copy of that car, but it would cost far more to do so and would be a reproduction, not a period original. That is the point I was making. Originality always trumps anything else.
An MST car isn't even a reproduction, or a resto-mod, as it's all new, IVA'd and running a new reg etc., so can't be compared at all to an original car, or a restored/rebuilt 'original' car. It can't even be called a Ford or an Escort.
So, they are two very different things.