Have car prices really plummeted in the past half century, or is it house prices that have just gone mad? I’m guessing the answer might be somewhere in the middle, but here’s a car that cost about the same as three average homes in its day. It’s beautiful, sure. Powerful, too. Extremely well-built, without question. Comfortable, no doubt. But still – three houses’ worth?
Of course, that depends on what house you’re talking and where it’s located. A house in 2025 has a few more gadgets and features than your average 1963 homestead did, in Britain or anywhere. So does the average car, come to that.
The Continental Flying Spur is not your average car, obviously. Though they shared 99% of their chassis components, these were a cut above the standard Bentley S3 / Rolls Silver Cloud III.
Mechanically, the SU carbs in the Continental were of a different type, giving the 6.2 litre V8 a few more hp – though famously the actual number was never divulged. And the steering column was angled differently, due to the bodies fitted to Continental chassis having a lower roofline.
The added value was style, pure and simple. The standard steel saloon was a ‘50s design that looked dated even when it was launched. Dignified, but not everyone’s cup of Earl Gray. For those who wanted something a bit more modern, in-house coachbuilders at Crewe, known since 1961 as H.J. Mulliner-Park Ward, could provide a number of bespoke options. There were several variants of coupés and convertibles to choose from, as well as the Flying Spur saloon. A few customers preferred to take their Continental chassis to the few remaining other options, such as James Young and the likes of Chapron, Ghia or Graber on the other side of the Channel.
This pre-war method of doing things was really no longer sustainable by the ‘60s. Prices for bespoke bodies had spiralled out of control; factory bodies, which were finished by the very same people who did the higher-end stuff, were deemed quite sufficient for most people. All the Rolls-Bentley needed was a new model, which would do away with the separate chassis, and the book on coachbuilt cars would be closed. And so the R-R Silver Shadow / Bentley T-Series was launched in late 1965, doing precisely that.
The S3 Continental chassis was made in pretty small quantities: only 311 between late 1962 and early 1966, though the very last deliveries took another year. That was another issue with coachbuilt bodies: they could take a long time to manufacture. The Mulliner-Park Ward Flying Spur saloon accounted for 87 cars; James Young also made 18 Continental saloons that look pretty similar to these.
This all had quite a cost, of course. Since we are comparing the cost of houses and cars, let’s look at the real estate in more detail. Hard to fault any of the appointments in here. Except that eyesore of a radio!
Interesting to see the backs of the picnic tables in this one have been dressed in leather. There are speakers in the rear doors, too – not something one sees often in European cars of the period. Guess that’s why one of the most famous S3 Flying Spur owners back in the day was Keith Richards.
And you certainly had to be a rock star (or an oil tycoon, or a crowned head of some sort) to be able to afford a luxury car in the ‘60s. Not that cars are all that affordable nowadays, but at least the cost of having a roof over you head was not quite as daunting 60 years ago. In 1963, the average UK house cost £2840. This Flying Spur’s base price – i.e. without A/C, which this car has – was £7860.15.5, purchase tax included.
At the end of last year, the average price of a House in the UK got to a whopping £269,426 and the Bentley Flying Spur, which is on its third generation of the VW era, currently retails at a minimum of £226,500. It’s no longer coachbuilt and body-on-frame, but it boasts a twin-turbo 4-litre V8 coupled with an electric motor, providing over 770hp. Who needs that? Nobody really, but you do get a lot more car for your Pound Sterling in 2025 than in 1963, no question. There were alternatives to the Bentley, of course. The cream of the crop came in a variety of shapes and sizes in the early ‘60s, so let’s take a gander at those while we’re here.
The Bentley Continental was very expensive, even in this context. It was also sort of between a high-performance coupé and a hyper-luxury limo: this crowd is pretty mixed also to reflect that. The Maserati 5000GT was also of the purely bespoke type, though because those were even more exclusive (and almost experimental), price would have varied quite a lot from one Italian carrozzeria to the next. The Lincoln shows the upper limit of American cars at this end of the market – Cadillacs and Imperials would have cost something similar. I couldn’t find UK price listings that included the BMW 3200 CS, but I imagine it would have been in that select crowd as well. And just for added context, an E-Type Jag cost less than £2000 at the time.
Standard steel body Bentleys cost just over £6100, so one had to have very deep pockets – or a total aversion to factory bodies – to justify forking out an E-Type’s (or a house in Scotland’s) worth of dough to go full Continental. That said, I’m glad somebody did. Outrageously expensive though they were, these were easily the most handsome bodies fashioned for the S3 chassis. And they were not available as a Rolls-Royce – this was the last Bentley-only body style before many decades.
Bentleys, then and now, are luxuries one can live without, by definition. Houses, by definition also, are what we live in. I’m not sure how house prices got to climb to such dizzying heights, but you now need a cherry-picker and platform shoes to reach the bottom rung of the property ladder. If it’s cheaper to live in a Flying Spur than own a home, that can’t be good in the long run.
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Curbside Classic: 1964 Bentley S3 – Grille Engineering, by T87
10 years later….in 1973, I’m getting my Volvo serviced and flush with my annual bonus, wandered next door to the Portland, OR Rolls dealer. There was a 5 year old “gently pre-owned” Rolls on the floor, gold in color, bee-uu-tii-ful leather interior, etc., etc. When the sales guy mentioned that it was selling for $80,000, actually $10,000 less than when new, I got excited. Even better, a comparable 1973 model was around $120,000. What a savings!
At the time, our suburban tract home was worth $35,000, about exactly what Google says was the average US home value at the time. A phone call to my wife cooled my jets, of course, and on the drive home I started thin king how silly a Rolls would look in front of our home. So, no Rolls.
And our ’25 Lexus is a pretty sweet ride.
I think you’ve got some numbers mixed up. In 1973, a RR would have stickered for about $30k, which was about the same as a house. A 5-year old RR would have been maybe $20k?
In 1976, a LWB Silver Shadow stickered for $44k, almost exactly the same as the median price of a house in the US.
Historically, a RR has cost about the same as an average US home since the 1950s. And that’s still roughly the case today.
Tatra’s comparison with UK house prices in the early ’60s are not really comparable to US prices.
My house looks about like the house Ted Danson had on Malibu Beach… my lot is bigger, his roof was only about a foot from the roof of neighboring houses… I think he had to park in the basement… he sold his a while back for $16Million… about 100 times mine’s worth… house prices can vary a lot…
In late ’76 I was looking at a new Pontiac Gran Prix at $5K and Lincoln Mark V at $15K… decided I wouldn’t enjoy the Mark 3 times as much, plus the GP went twice as far on a gallon of gas…
That ’63 Rolls Royce looks like 1949 compared to a ’63 Chevy…
Should anyone take a gander at current Rolls/Bentley pricing, I’m not sure things have changed all that much, at least in the context of comparing with home prices. IOW, a new Rolls or Bentley is still going to cost about 3x the price of an average home.
What ‘does’ seem to have changed is how many people are available to afford those ultra-premium rides versus back in the day. The last thing I recall reading about sales of those cars is that the waiting list is over a year long.
The historic ratio was always that a RR/Bentley cost about as much as an (one) average house in the US. That goes back to the 1950s. It was exactly that in 1976, in a review we did here:
https://www.curbsideclassic.com/vintage-reviews/vintage-rt-road-test-1976-rolls-royce-silver-shadow-lwb-saloon-a-house-or-a-rr/
At the end of that, I noted: “Meanwhile a 2018 RR Ghost starts at $312k, which is still very close to the current median house price ($320k in September 2018, according to the US census.) Some things seem to never change.”
Today the ratio is still about the same. A RR Ghost is $370-420; the median price of a house is $419,200.
Yes, this S3 was more expensive, but sold in minute quantities here. I can’t find it sprice when new in the US, but I’m quite certain it wasn’t 3x the price of a house here at the time.
What a car. Amazing presence.
A great colour on this one and that radio is the only fly in the ointment. What was the fitter thinking. If it were mine I’d look for a hidden Bluetooth connected unit.
While it is definitely a looker the side profile shows a slightly odd difference between the tiny front overhang and massive rear overhang.
TATRA87, Once again, thanks for the wonderfully informative article, and please continue writing.
Absolutely beautiful! The design of these is so well resolved from every angle – just stunning, combining heritage Bentley cues in a thoroughly modern way when it came out. The lines give such a sense of motion and the way that the interior wood trim dips at the back of the rear door to reflect the similar feature in the exterior is lovely.
Just looking at it makes you want to climb in and drive non-stop from London to the south of France.
Spying a Bentley Continental Flying Spur SII in fast traffic is something this car-smitten kid hasn’t forgotten in 60+ years. My family took a trip to the Canadian National Exhibition in Toronto during August 1962 and 1963 from our western New York home. I was ten and eleven years old at the time. On those trips the fascinating variety of Canadian variations on familiar American cars was endless.
As the fast flow of QEW traffic slowed in the opposite lane, a chauffeur-driven two-tone sage green Bentley Continental Flying Spur appeared in the near lane where I could get a good long look at it. The wealthy occupants probably wondered why that young boy in the emerald green with white top 1960 Ford Fairlane four-door sedan couldn’t take his eyes off their motorcar…. but I bet they surmised why.
Is it normal for this type of car that the engine compartment is not painted in the same color as the body?
Yes.
I know this only from watching an English mechanic/restoration channel on Youtube called Tyrell’s Classic Workshop. It’s highly recommended to all CC’ers, actually. Lovely non-shouty style, and real knowledge.
It’s probably a bit of nebulous rabbit hole, but is the modern equivalent to a coach built S3 a Bentley Batur or Bacalar, with cost around £1.5 million?
Or maybe a R-R Phantom with a lot of customisation, which could take you towards £700k easily enough, if you set your taste guidance to “off”.
Perhaps, we’re just better off admiring this car and drooling……
That Flying Beefcake hood mascot is one of my all time favorites right behind The Spirit Of Ecstacy.
It says a lot about Japan that this car isn’t locked away in a garage. The car next to it appears to have a panda-face pillow on the front head restraint.
They’re very beautiful cars, even with back doors only for narrow oblong people, but the sight of that crisp ’61 Continental really puts it in context: it was very dated in its time.