Harry’s Garage

[speedingfine]

A good investment for Harry, wonder if he’ll do a breakdown on how much the rebuild and modifications cost. Not usually something you’ll make money on unless you’re the person doing the restoration.

I’m amazed there are two people who think it’s worth that much, I thought 60k sounded pretty high as a reserve.

Pretty sure it's in this video Harry. (£67k)

[IanF]

I bumped into Tom Lenthall at Waitrose near my parents and said hi.. you know how you recognise someone and think it’s from real life? That

[Jobbo]

A good investment for Harry, wonder if he’ll do a breakdown on how much the rebuild and modifications cost. Not usually something you’ll make money on unless you’re the person doing the restoration.

I’m amazed there are two people who think it’s worth that much, I thought 60k sounded pretty high as a reserve.

Pretty sure it's in this video Harry. (£67k)

I had in mind that it was about £70k, think that must be where I got it from.

The Espada has won a concours and been invited to the Cartier lawn at Goodwood twice. It has real provenance which the Jag never will have. I’d not say it’s a snip but the price was far more sensible.

[nuttinnew]

I thought it was completed more recently
A nice birthday bonus for him

[Jimexpl]

A good investment for Harry, wonder if he’ll do a breakdown on how much the rebuild and modifications cost. Not usually something you’ll make money on unless you’re the person doing the restoration.

I’m amazed there are two people who think it’s worth that much, I thought 60k sounded pretty high as a reserve.

Pretty sure it's in this video Harry. (£67k)

I had in mind that it was about £70k, think that must be where I got it from.

The Espada has won a concours and been invited to the Cartier lawn at Goodwood twice. It has real provenance which the Jag never will have. I’d not say it’s a snip but the price was far more sensible.

I wonder if an XJ-C has become rarer than an Espada?
Most of them must have gone to the scrap yard by the 1990s, whereas Espadas were parked up after a few years as unreliable (but expensive) items to be fixed one day, except that it normally takes 40 years and an estate disposal for that to happen.

[Jobbo]

Might be rarer but that’s very non-original now so wouldn’t qualify for a concours in the first place.

[speedingfine]

[GG.]

Many surprising aspects to that episode...

Obviously remarkable that the XJC went for so much but also that it outdid the Espada. As nice as the XJC is, it isn't Espada levels of special in my mind.

Also eye opening that Harry could contemplate dropping 100k into it during the restoration with little guarantee he'd see any of it back. Thinking of the money they he spent on the Espada engine rebuild, Lancia restoration, etc. etc. the overall spend on the collection is pretty eye watering. I wonder how much of it was funded / recouped from YT earnings.

[IanF]

2 shares of his boat are up for sale at £70k each, which would help.. imagine it’s all net positive overall (with a bit of evonomics added value)

[Jobbo]

Many surprising aspects to that episode...

Obviously remarkable that the XJC went for so much but also that it outdid the Espada. As nice as the XJC is, it isn't Espada levels of special in my mind.

Also eye opening that Harry could contemplate dropping 100k into it during the restoration with little guarantee he'd see any of it back. Thinking of the money they he spent on the Espada engine rebuild, Lancia restoration, etc. etc. the overall spend on the collection is pretty eye watering. I wonder how much of it was funded / recouped from YT earnings.

People on PH saying the Jag and Espada would have been paid for from Youtube. Err, not when he started restoring/rebuilding them and only now if you take into account the revenue from his whole channel rather than just the videos featuring them.

The one justification I can see for the XJ-C's sale price is the cost of restomods like the Eagle E-Type. Clever or fortunate timing for Harry to have that on the channel only a couple of weeks beforehand

His old Emira is up for sale again: https://centralgbltd.com/vehicle-detail ... gham-u262/

[mik]

His old Emira is up for sale again

Still only 8650 miles on the clock. I can't remember what it had when he sold it, but I expect Harry did the lion's share of those?

[Jobbo]

I can't remember the mileage when he sold it but I think it was about 8k. He sold it just over a year ago, IIRC.

I don't think it should attract a premium due to Harry's ownership unlike the XJ-C, so it seems a little overpriced. Just out of factory warranty.

[mik]

I don't think it should attract a premium due to Harry's ownership

Agreed, although at least the leather on the steering wheel would be pretty much brand new at the quarter-to-three hand positions.

[Jimexpl]

Many surprising aspects to that episode...

Obviously remarkable that the XJC went for so much but also that it outdid the Espada. As nice as the XJC is, it isn't Espada levels of special in my mind.

Also eye opening that Harry could contemplate dropping 100k into it during the restoration with little guarantee he'd see any of it back. Thinking of the money they he spent on the Espada engine rebuild, Lancia restoration, etc. etc. the overall spend on the collection is pretty eye watering. I wonder how much of it was funded / recouped from YT earnings.

People on PH saying the Jag and Espada would have been paid for from Youtube. Err, not when he started restoring/rebuilding them and only now if you take into account the revenue from his whole channel rather than just the videos featuring them.

The one justification I can see for the XJ-C's sale price is the cost of restomods like the Eagle E-Type. Clever or fortunate timing for Harry to have that on the channel only a couple of weeks beforehand

His old Emira is up for sale again: https://centralgbltd.com/vehicle-detail ... gham-u262/

I would assume that if you're doing youtube videos on the cars, they can all be run through the business, so any losses can go against tax and vat will be reclaimed on all maintenance and restoration work? If you have the means to buy the vehicles in the first place, they're probably almost free to run.
My mini could do with a full restoration - perhaps I need to sell it to my company and do some you tube vids on it?!

[Jobbo]

Many surprising aspects to that episode...

Obviously remarkable that the XJC went for so much but also that it outdid the Espada. As nice as the XJC is, it isn't Espada levels of special in my mind.

Also eye opening that Harry could contemplate dropping 100k into it during the restoration with little guarantee he'd see any of it back. Thinking of the money they he spent on the Espada engine rebuild, Lancia restoration, etc. etc. the overall spend on the collection is pretty eye watering. I wonder how much of it was funded / recouped from YT earnings.

People on PH saying the Jag and Espada would have been paid for from Youtube. Err, not when he started restoring/rebuilding them and only now if you take into account the revenue from his whole channel rather than just the videos featuring them.

The one justification I can see for the XJ-C's sale price is the cost of restomods like the Eagle E-Type. Clever or fortunate timing for Harry to have that on the channel only a couple of weeks beforehand

His old Emira is up for sale again: https://centralgbltd.com/vehicle-detail ... gham-u262/

I would assume that if you're doind youtube videos on the cars, they can all be run through the business, so any losses can go against tax and vat will be reclaimed on all maintenance and restoration work? If you have the means to buy the vehicles in the first place, they're probably almost free to run.
My mini could do with a full restoration - perhaps I need to sell it to my company and do some you tube vids on it?!

I think there are a few ways this could go quite wrong

[Mito Man]

Didn’t the Americans have a similar tax situation in terms of using cars for YouTube, then it turned out that their tax advice was incorrect so they had huge tax liabilities and ended up selling a load of stuff?

[Jimexpl]

Didn’t the Americans have a similar tax situation in terms of using cars for YouTube, then it turned out that their tax advice was incorrect so they had huge tax liabilities and ended up selling a load of stuff?

If you can prove it's for business use why couldn't you?

e.g.
Harry's cars
Not kept at home in a garage - in dedicated storage on a business premises
Testing synthetic fuels
Making changes/repairs to cars for the purposes of producing youtube content and driving them for video footage

Even if they were in private ownership, couldn't you rent them to the media company HG to use, offsetting the runnning costs? Nick Mason has his vehicles under Ten Tenths Limited, and I used to have several collectors as clients that did the same.

On a similar note, should Gavster ever personally pay for food shopping?!

[GG.]

Didn’t the Americans have a similar tax situation in terms of using cars for YouTube, then it turned out that their tax advice was incorrect so they had huge tax liabilities and ended up selling a load of stuff?

Hoover keeps mentioning needing to sell cars to meet tax liabilities so sounds possible...