SCM Analysis
Detailing
Vehicle: | 1954 Austin-Healey 100-4 BN1 roadster |
Years Produced: | 1953-55 |
Number Produced: | 10,688 |
Original List Price: | $2,995 |
SCM Valuation: | $18,500-$24,500 |
Tune Up Cost: | $200-$300 |
Distributor Caps: | $9 |
Chassis Number Location: | Right side of firewall |
Engine Number Location: | Plate on front left side of block |
Club Info: | Austin-Healy Club of America, PO Box 3220, Monroe, NC 28111; 877-5HEALY |
Website: | http://www.healyclub.org |
Alternatives: | MGA Twin-Cam, Morgan Plus 4, Triumph TR3 |
This vehicle sold for $19,800, including buyer’s premium, at RM’s Arizona Biltmore auction on January 18, 2002.
In the interests of full journalistic disclosure, I’ll reveal right at the start that this little bundle from Britain, with its 1954 California black plate, is now sitting snugly under a car cover inside my garage while a classic Vermont snowstorm carries on outside.
Ever since I saw my first ad for an Austin-Healey 100 in Road & Track back in 1954, I’ve yearned for one of these cars. Having sold them as good and not-so-good used cars-along with new Healey 3000s-I was aware of their inherent faults, including vulnerability to rust in both body and chassis, temperamental overdrive units and weakness in the gearboxes if these units were not treated with respect. I also knew that on a hot day the floorboard temperature could rise to shoe-melting levels.
Nevertheless my desire for a Healey 100, with their everlasting good looks penned by Jerry Coker, never really went away. I missed buying one that was in need of some freshening last year for $12,000 because I dawdled too long.
So when I saw this car at RM, resplendent in its fresh red paint and looking nearly flawless in all areas, the old Healey lust went surging through me again. This car had been declared sold at RM’s Monterey event for $21,450, but the deal unwound so it appeared on the Biltmore lot list.
Despite being offered with no reserve, the estimate was a realistic $20,000 to $30,000 and it could very well have gone for more than that if two Healey enthusiasts got into a checkbook-butting contest. It opened at $10,000 and advanced quickly by $2,000 increments until it stalled at my bid of $18,000. Suddenly I was gripped by the thought that I might just end up with this lovely little roadster. And a few seconds later I did.
It had taken the better part of 50 years for my Healey 100 dream to materialize, but there it was. Assuming that the mechanicals check out (something I’ll let SCM readers know about this spring), I feel I got a real bargain.
There may be a lesson here for potential bidders-no matter how fancy the event, or how intimidating the lineup or venue (I wasn’t sure if the limit on my Visa card would even get me into the parking lot of the Biltmore), there are bargains to be found. Compared to the ex-Jack Warner Mercedes 540K Special Roadster and the other six- and seven-figure cars at the auction, my Healey, luckily for me, turned out to be the wallflower of the event.
Meanwhile, I’m waiting for the snow and salt to disappear from our roads, wondering if I should put asbestos soles on my shoes, and anticipating, with the coming of spring, the fulfillment of a 50-year dream.-Dave Brownell