Kathryn and I have really been thinking a lot lately about the current economy, the mini plans, and what direction to go. In the beginning of the project, the intention was to do a more-or-less concourse level restoration on both cars, and sell one. I still have some "market research" to do with high-end auto brokers, but I fear that I may not have a ready buyer for such a high-end collectible right now. Such a restoration will cost in the neighborhood of $35,000 and so we must carefully consider the market.
This has led to another idea, which is to do a basic restoration of the '66--fix the rust, paint inside and out, do the interior/wiring/rubber bits/tires/etc. and then sell. This level would probably run closer to $25,000 total, which is a lot easier to recover upon resale. At that point, we'd just do the same basics on the '70 (keeping it), and let the full restoration take longer--nibble away at it over time and enjoy driving and working on that car.
We will see. I still need to make a comprehensive list of everything I think each car would need for either type of restoration, and price all that out. Gunnar Gordon is a local body and paint man who does nothing but minis, and his work is quite impressive. I visited his shop on Monday, and he'll be out next week to have a look at my cars and give a better idea of what's involved for the two levels of body/paint. At that point I think we'll be able to make a decision and press on. Gunnar will be ready for my cars in about four weeks, so that's good news also. I still hope to have one car ready for sale in the spring or early summer, which would be a good time to generate interest.
As I run out of garage space, things are getting cluttered. It's time to pause, put away tools, throw away old carpet, etc. I need to update the garage plan--and once I focus on a single car, that will help a lot.
Guess that's it for the time being. I'll post more photos when I get the next engine out, and we have a better idea of where we're headed.
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