A new record high price for an MG sold at auction was set earlier this month, when a a pre-war MG K3 Magnette sold for 231,000 pounds, or the equivalent of $372,000, at H&H’s auction in Buxton, England. It wrested the high-price crown from a 1935 Magnette Airline Coupe sold in 2007 for 199,037 pounds.
It would take a book to detail the convoluted history of this car; in fact, a book has been written. Magnette-ised: The Pedigree of MG K3015-2 from 1934 to 2007, written by the seller, details the many changes the car has been through in the decades of its existence. H&H themselves described it as “the antithesis of a ‘matching-numbers’ car,” although it possesses an unbroken history as a genuine K3. The car is sort of like grandpa’s axe; the original frame was replaced with an unnumbered frame supplied by the factory, as was the original 1,086cc straight-six engine, and the body was changed from two-seater to single-seater, and back again. Further complicating matters is that the car’s original chassis, discarded in the late 1930s, has since been built up as a complete car.
There have been some lively discussions about the car’s authenticity on the website of the Triple-M Register, but the car’s long and colorful history has never been in question. For more, see the H&H website.
From: Hemmings Motor News