MGV8s sold at the Mathewsons' auction Our Pricewatch volunteers have spotted the results of the Mathewsons' auction in Yorkshire on Saturday 1st June 2019. Mathewsons' auction was very well attended Local member, Douglas Pickering, reports the auction was very well attended and the village was almost grid-locked. It seems Mathewsons featuring on a television series has raised their profile and the level of interest in their auctions for classic car enthusiasts. See Mathewsons' website MGV8 Price Guide update Last update to the end of April 2019 released early in May. More Updated: 190605 Mathewsons auction listing Saturday 1st June 2019 1974 MG MGBGTV8 - Teal Blue 1752 - Lot 162 Estimate: £18,500 to £22,500 Finished in Teal Blue with lovely tan leather, this Factory MGV8 also benefits from a Webasto sunroof, rear seat conversion (more luggage space), original rear seat accompanies the car as does the original engine and gearbox (Matching numbers). Now fitted with an uprated V8 engine and a 5 speed gearbox, stainless steel exhaust and has a lot of paperwork history. Mathewsons auction listing Saturday 1st June 2019 1995 MG RV8 - Old English White - Lot 13 Estimate: £20,000 to £22,500 RV8 reimported in 2008, total mileage is 14,650 with papers substantiating the figure, comprehensive maintenance schedule listing dates and works completed, basic workshop manual and an original RV8 sales brochure and a repair information manual on a CD. Auction result Sold to the winning bidder for £22,288 - this is the figure shown online but on checking it seems that figure only includes the buyer's commission and not the VAT thereon. So the total amount payable by a UK buyer would be £22,595 which includes both the commission and the VAT thereon. So on that basis the hammer price would be £20,750 and the seller would receive that amount less the seller's commission plus VAT thereron, only £18,905. Mathewsons' buyer & seller fees Auction listing estimate range £18,500 £22,500 Mid point £20,500 Hammer price £20,750 + 1.22%       Our Condition 1 guide price £21,009 Our Condition 1 plus & minus £24,500 £18,950 Paid by buyer £22,595 + 7.55% Received by seller £18,905 - 10.01%       Total fees/VAT on hammer price £3,690 17.78% See our MGV8 price guide & charts Comment This MGBGTV8 has been advertised on the V8 Website since 15th February 2019 for £22,000 and it's puzzling why it had not sold there bearing in mind the offer included the addition of the original engine and gearbox, two valuable items surely worth together at least between £1,000 to £1,500. The seller did not want to split the sale of the original engine and gearbox from the sale of the car, but if you deduct the value of the engine and gearbox (say £1,500) then the net price for the buyer would be £21,095 compared with our Condition 1 guide price of £21,009. Auction result Sold to the winning bidder for £19,350 - this is the figure shown online but on checking it seems that figure only includes the buyer's commission and not the VAT thereon. So the total amount payable by a UK buyer would be £19,620 which includes both the commission and the VAT thereon. So on that basis the hammer price would be £18,000 and the seller would receive that amount less the seller's commission plus VAT thereron, only £16,380. Mathewsons' buyer & seller fees Auction listing estimate range £20,000 £22,500 Mid point £21,250 Hammer price £18,000 - 15.29%     Our Condition 1 guide price £20,351 Our Condition 1 plus & minus £23,200 £18,500 Paid by buyer £19,620 - 3.59% Received by seller £16,380 - 19.51%       Total fees/VAT on hammer price £3,240 18.00% Note: our Condition 1 guide price is £20,351 and Condition 2 is £16,506. Condition classes Comment This MG RV8 has an exceptionally low mileage of 14,650 miles and is in the rare colour of Old English White (only five were produced in this colour) so if the car was in Condition 1 (we were not at the auction and able to inspect it) then the price (£16,380 net of commission and VAT) achieved was disappointing for the seller but a bargain for the buyer (£19,620 including commission and VAT).