All Original Jaguar E-Type in Extremely Rough Shape Could Fetch up to $60,000 at Auction
Jaguar E-Type in pristine condition goes for anything north of $100,000 these days. Whether they’re worth that kind of money or not, isn’t on me to judge. But when someone asks for $60,000, for one completely rusted specimen, that’s when things get personal. And by completely rusted, I don’t mean surface rust. However, there’s one tiny detail that could just warrant the approximated auction sticker. It’s not just any E-Type Jag. This is the early 1962 Series 1 specimen, believed to be one of the first 300 ever built.
This wrecked Jaguar E-Type has only had two owners until now. It lived its life in Birmingham, UK until original owner decided to sell it in 1997 after 35 years of marriage. New owner immediately put it into storage where it was supposed to wait for mild restoration. That restoration, as you can imagine, never came. It was finally uncovered recently, after 20 long years of hibernation. The results of which can plainly be seen. Humid English climate only sped up the decay.
The Jag is in such a poor state that Classic Car Auctions gave it their lowest “condition score” ever. Just 2 out of 135. I’d like to see what would a car with the score of 1 look like. Nevertheless, early Series 1 Jags are much sought after by Jaguar enthusiasts and fully restored specimens usually change hands for around $200,000. Given that fact, there’s plenty of room to restore this E-Type and still hit the jackpot should he next owner wish to do so. Whether this turns out to be a good deal, remains to be seen.
One major advantage of this 1962 Jaguar E-Type are its original parts. Very few things have been replaced over the years and hood is one of them. It’s also missing a radiator, most of the glasswork, and interior carpeting and door panels. The rest is there, including the original wooden steering wheel, upholstery and instrumentation. Even right-hand drive Jag’s manual gearbox is still there. Parts that have been removed for the auction sale process are included as well.
We’ll know how much some people are prepared to pay for a decaying Jaguar when it goes under the hammer on April 2, 2017 at the NEC in Birmingham, UK. No matter the auction price, full blown restoration will likely push the final figure into six digit territory. Would you be willing to risk your time, money and nerves on one such project? How high would you be willing to bid on this barn find if you happen to find yourself in Birmingham, in early April?
Categories: Automotive News