Beautiful 265 on E-bay

[Trommel]

You're right that nobody buys a 265 as a solid investment, but something has made it "worth" 300% more than it was three years ago, and I suspect it's the general state of the classic car market. The 262 on eBay now is heading for £4k with two days to go.

Bonhams sold an 1800ES last month for $94k (£54k).

Value, bandwagon, new paradigm, tulips?

[heckflosse]

Originally Posted by Trommel

You're right that nobody buys a 265 as a solid investment, but something has made it "worth" 300% more than it was three years ago, and I suspect it's the general state of the classic car market. The 262 on eBay now is heading for £4k with two days to go.

Bonhams sold an 1800ES last month for $94k (£54k).

Value, bandwagon, new paradigm, tulips?

Probably the measly interest rate banks are giving for your savings.
Might as well have something old and fun in the drive instead of watching your money evaporate. And why not?
Military stuff is the same, but less susceptible to market spikes and troughs. There
the fun is in "having" rather than driving.
At least you can go shopping in a 265!

[940Graeme]

Interesting update on this one.....

I've just been speaking to the seller, (ok trying to do a naughty "off-ebay" deal!).

I mentioned to him about this thread, and he has clarified what was in my mind, having seen the log book, which shows two previous owners.

The current seller bought it in 2012 from the dealer who bought it from e-bay in 2011. He confirmed that he knew the dealer had paid £870 for it, and spent £1500 getting it through an MOT!. (There are bills for this which, thinking about it again - I have seen)

The current seller paid £2300 for it in 2012, and has spent a further £1000 or so on work since! Again receipts for all this exist.

Interesting to fill in those gaps in the story!

[Derek UK]

It would be interesting to see what is on those bills and receipts. Not had any welding done and hasn't been in the paint shop by the look of it. The air filter could do with at least a rattle can.
What has been done for £2500?

[940Graeme]

Originally Posted by Derek UK

It would be interesting to see what is on those bills and receipts. Not had any welding done and hasn't been in the paint shop by the look of it. The air filter could do with at least a rattle can.
What has been done for £2500?

Having looked through the receipts Derek, (although only once - and a couple of days ago now!), but some major work - new torque converter (2011), new air-con compressor (2012), stainless exhaust (2013), 5 x new tyres (2012), work to suspension and steering..........more than that from memory of the receipt file - and it is a file!

Having seen and driven it, met the seller and looked through the file it does all add up.

[Lucien]

It's great that you've been able to fill in the history for the last few years. Sounds like someone has taken a good car and made it a great car. Good luck if you buy it.

Kind regards
Lucien.

[940Graeme]

We've done a deal.

Burt is now mine!

Sadly I just don't have the time to pick it up and drive it to the National on Sunday..............damn!

But don't worry, it will be around and you can judge for yourselves soon enough.

In the meantime, whatever I paid for it, (and I am more than happy with the deal done), I am over the moon to be able to own, and care for, this wonderful rare car.

Please 200 folks, be happy that it will remain in the VOC and, I promise, be well looked after.

Expect a post or two from me regarding its future care!!

Nice to now be part of the 200 forum.

Best regards all,

[AndrewBrown]

Originally Posted by 940Graeme

OK, I'll come clean..........at that price Andrew, I can guarantee the new owner will look after it - as the bidder is me!

I rather hope it stays under £3000 as that is my (absolute) max bid! I know that is probably a lot for one of these - but when did you last see one his good? In fact, when did you last see one!! It is amazing, even the air con still works - and air con in 1978!! I really wonder what this one cost new, with AC, Electric windows all round, metallic paint, full leather and an FM radio with 8 Track player!

How Many Left says 7 on the road, and 11 on SORN for the 265 GLE Auto.

I think it will head towards 4 grand tbh, but I couldn't resist having a punt!

Good luck Graeme hope you win if its not already finished

[Stephen Edwin]

Graeme, it looked a good one from the link. You've done your Victor Meldrew aka due dilligence: i.e. you have asked questions, looked at the documents as evidence, researched, checked the car itself ... and it sounds encouraging that the seller welcomed your questions

I suspect and hope that you are going to be really really pleased that you have bought that car. Nice one!

.

[Angie]

Originally Posted by 940Graeme

We've done a deal.

Burt is now mine!

Sadly I just don't have the time to pick it up and drive it to the National on Sunday..............damn!

But don't worry, it will be around and you can judge for yourselves soon enough.

In the meantime, whatever I paid for it, (and I am more than happy with the deal done), I am over the moon to be able to own, and care for, this wonderful rare car.

Please 200 folks, be happy that it will remain in the VOC and, I promise, be well looked after.

Expect a post or two from me regarding its future care!!

Nice to now be part of the 200 forum.

Best regards all,

Congratulations, Graeme, it looks to be a wonderful car. The car park at the church I used to attend looked a bit like Volvos through the ages, three differing but similar models. The oldest was one like yours, though I didn't realise at the time the distinction between 240 and 260. I did chat to the owner when we were about to get ours, and he said he'd had not a moments trouble with the car since he bought it when it was a year old. It was automatic, and sadly becoming slightly neglected, but he had everything done that was needed to keep it on the road. I often wonder if he still had it, I haven't been to that church for over two years, but I ought to get a message to him as I doubt he realises what a rarity he has.