Well, for the second time I started putting the engine back in the XK150 on Friday and connecting up all the ancillaries. These split seals are a bit hit and miss, if this does not work a second time then it may mean a modified crankshaft from Rob Beere racing.
Classic cars and fine wine in dead heat at the top of the Knight Frank Luxury Investment Index
The value of classic cars and investment-grade wine both increased by 8% on an annual basis, according to the latest (Q2 2016) results of the Knight Frank Luxury Investment Index (KFLII), which tracks the performance of 10 investments of passion. However, while the wine market is bouncing back strongly following a slump in Bordeaux values a few years ago, the classic car market is actually decelerating. The last time annual growth slipped below 10% was five years ago. But if we pop the hood and look behind the headline performance, it’s clear that the very top of the market is still firing on all cylindars.
Four of the most expensive cars ever to go under the hammer have sold in the past 12 months and records have been tumbling on both sides of the Atlantic.
The iconic Monterey classic car event this summer was a prime example of the trend. An historic 1962 Shelby Cobra overtook a Ford GT40 (sold for $11m in 2015) to snatch the top price paid for an American car at auction when it was sold by RM Sotheby’s for over $13m. The eye-watering sum makes it the twentieth most expensive car ever sold publicly.
It was the Brits though that claimed the chequered flag. A gorgeous 1955 Jaguar D-Type was the week’s best seller fetching almost $21.8m, well and truly smashing the previous top price paid for a British car and claiming seventh place in the overall top 10.
Pre-war cars were also jostling for pole position with a 1939 Alfa Romeo Lungo Spider making just under $20m.
For the full report: Source Knight Frank Research, Wealth Report Update 2016
This week I installed an alloy fuel tank into a Jaguar XK120 and what a difference, not only because the old metal tank was very rusty internally. The difference in weight is incredible – why would anyone reinstall a steel tank, especially as the alloy one looks a whole lot better as well. The only small problem I encountered was that the customer had left around 60 litres of fuel in the old tank!
I am in the process of rebuilding a vintage Rolls Royce Phantom 11 engine, and in the course of my research recently I came across Fred Buess in the United States. Fred runs a classic car restoration company in California, restoring Rolls Royces to their original grandeur has been a passion and privilege for the Buess Family since 1947. In fact Fred’s father was a founding member of the Rolls-Royce Owner’s Club in 1951. What he does not know about Rolls Royce is probably not worth knowing! I had some questions for him specifically about camshaft modifications and the modifications I had made on the cam and cam followers on this Rolls Royce we have in the garage here. He gave me a couple of good ideas too which I am going to incorporate into this build.We will keep you posted on progress as this rebuild continues.
That’s one thing I like about the American’s they are always willing to trade information, well in the motor industry anyway!
This is me and the recently wedded wife doing a classic car event for Rotary club France in a borrowed Jaguar XK120 from a very trusting client! On a stunning summers day we went on to win favourite car of the day. This car is now for sale, details can be seen on our website at http://www.garageandreas.com
Welcome to our very first blog. We usually have our heads under one or more classic cars, but we have decided to take some time out to share our projects, our thoughts on the latest news, auctions and other happenings in the Classic and Vintage Car trade.
We are based in the SW of France, but have clients throughout the UK and Europe. Hopefully we can offer an up to date, sometimes humorous but always informative look at our trade but above all our passion. You will also see a few of our classic cars for sale here from time to time, please see our website if you would like more photos and information on them.