MG : Classic MGB sells at auction for over £140,000

This Ex-Works 1964 MGB Rally car has just been sold for over £140,000...

An example of one of Britain’s best-loved sportscars, the MGB tourer, has claimed supercar status after being sold at auction for £141,922.

The 1964 model is one of  387,000 MGB tourers produced in the 18 years from 1962, its sale price a staggering 167 times greater than its cost at the time of manufacture* and well above its auction estimate.

The secret of its astounding value – which was sealed at the auction by classic car specialist, Historics at Brooklands on June 2 – lies in its unique history.  Confirmed as the last-known genuine works MGB rally car, it competed in major international competition until being consigned to a garage in 1975.

Plucked from obscurity, the car was sympathetically restored with meticulous attention to detail, with no expense spared, before returning to the public gaze in 2008. Bought at the Historics’ auction by an enthusiast, it will continue to be seen at major motoring events.

Historics’ Auction Director, Edward Bridger-Stille commented: “The buzz in the auction hall when this car was offered was astounding, but nothing compared with the scale of the bidding, which went sky high.”

[Source: Historics at Brooklands]

[*Editor’s Note: The British Motor Industry Heritage Trust confirms that a standard MGB tourer was priced at £700 net, £847 including purchase tax in 1964.]

Posted in: AROnline News, MG
Clive Goldthorp

About the Author:

Clive claims that his interest in the BMC>MG story dates back to his childhood in the 1960s when the family’s garage premises were leased to a tenant with an Austin agency. However, back in the 1920s and 1930s, his grandmother was one of the country’s first female Garage Proprietors so cars probably run in his genes! Admits to affairs with Alfa Romeos, but has more recently owned an 06/06 MG TF 135 and then a 15/64 MG3 Style… Clive, who was AROnline’s News Editor for nearly four years, stood down from that role in order to devote more time to various Motor Racing projects but still contributes articles on as regular basis as his other commitments permit.

2 Comments on "MG : Classic MGB sells at auction for over £140,000"

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  1. Andrew M says:

    Well, it is in good condition. Is that an Autoglym shine I can see?

  2. MG Kuwait says:

    This certainly looks a stunner… It is especially great that it is not going to be mothballed – but will actually be driven.

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