Teal Blue MGBGTV8 advertised on eBay

George Wilder, longtime member of the MG Car Club and currently a Club director, has sent in an email with news of an MGBGTV8 for sale on eBay noting "Another sad V8 on eBay as item 200251289999". He fears it might meet the sad fate of some MGBGTV8s recently and be snapped up and broken for spares. Sadly this V8 is not registered with us so we do not know the Car no. or VIN.


Bids end on 9th September 2008 at 18.00hrs BST.
Location: Rochester, Kent

Sad economic realities with Factory MGBGTV8s in need of major restoration When a Factory MGBGTV8 reaches a stage where a serious restoration is necessary, the high cost of restoration and the current modest prices for Condition 1 and 2 cars means the residual value of the car for restoration is quite low. However the aggregate value of the key components when a car is broken for spares - gearbox, back axle, engine and other parts - is possibly double or more than the residual value for restoration. Sadly we are seeing a small but nonetheless sad flow of Factory MGBGTV8s being broken for spares even where a restoration is feasible. The increasing interest amongst V8 enthusiasts for V8 Roadster conversions is creating a demand for Factory MGBGTV8 running gear and other parts as Clive Wagerfield's report shows. Sadly the trend seems likely to continue unless the prices of Condition 1 and 2 MGBGTV8s rise substantially but in the present economic conditions in the UK that seems unlikely for a year or so at the earliest.

Other MGBGTV8s at risk recently Flamenco Red 2763 - you can Clive Wagerfield's report of this V8. More Bracken 1707 - you can see Clive's earlier report on this Factory MGBGTV8 which now seems likely to be broken for spares as well. More Damask 0450 rebuild reports, More Price guide for Factory MGBGTV8s. More

Posted: 30.4.08