Car Collector International
Classic · 1953–1955

Alvis TC21/100 Grey Lady

The updated Three Litre TA21 with a guaranteed 100 mph — Alvis's last quantity car.

Car Collector International Editorial
Two-tone blue Alvis TC21/100 Grey Lady saloon with a black roof, front three-quarter view in a studio, showing the tall chrome radiator grille with eagle mascot, chrome-ringed twin headlamps, chrome bumper with overriders and centre-lock wire wheels.
Overview

Why this car matters

The Alvis Three Litre TC21 (1953–1955) was an updated TA21, sharing the 2,993 cc seven-main-bearing straight-six OHV engine but with twin SU carburettors, an improved cylinder head and more efficient manifolding raising output to 93 bhp at 4,000 rpm.

The high-performance TC21/100 "Grey Lady", announced 20 October 1953, raised compression from 7.1:1 to 8.0:1 with an improved exhaust and a higher 3.77:1 final drive (versus 4.09:1) to guarantee 100 mph: rated 100 bhp at 4,000 rpm, 163 lb-ft at 2,000 rpm; 0–60 mph 15.4 s; 100.1 mph top speed (The Motor, 1954); kerb weight approximately 1,435 kg. Independent front suspension by coil springs, leaf-sprung rear, 11-inch Lockheed drum brakes retained from the TA21. Saloon bodies by Mulliners of Birmingham; drophead coupés by Tickford. The Grey Lady name came from the sales manager on seeing the grey-on-grey 1953 Earls Court show car; road cars were identifiable by two bonnet air scoops.

TC21 total production 757 (1953–1955), of which 452 were Mulliner TC21/100 saloons. Development involved Alec Issigonis, then at Alvis. The line was effectively the last Alvis to sell in quantity; the abandonment of the Issigonis-designed V8 saloon in 1955 sealed the company's fate as a volume car maker. Test price £1,821 (1954).

A refined, genuinely 100-mph British saloon in small numbers, undervalued against Bentley and Jaguar contemporaries.

Variants

Range and production

VariantYearsProductionNotes
TC211953–1955Within 757 total2,993 cc twin-SU straight-six, 93 bhp; Mulliner saloon or Tickford drophead.
TC21/100 Grey Lady1953–1955452 Mulliner saloons (within 757 total)8.0:1 compression, 100 bhp, 3.77:1 axle; guaranteed 100 mph; twin bonnet air scoops; Dunlop wire wheels.
Buyer's Guide

What to look for

Chassis and engine authentication

Authenticate stamped chassis and engine numbers against factory or club records. For the TC21 and TC21/100 specifically, verify TC21 versus TC21/100 specification (compression, axle ratio, twin bonnet air scoops, Dunlop wire wheels), confirm Mulliner saloon or Tickford drophead coachwork, and record matching-numbers status.

Body and originality

Confirm body originality, panel identity and restoration standard against a marque specialist.

Mechanical inspection and service history

Confirm continuous service history and any rebuild history for the engine, transmission and driveline against a marque specialist.

Provenance and ownership history

Restoration standard, originality of body and driveline, and any documented ownership record are the main value drivers.

Pricing

What to pay

Concours (Grey Lady saloon or Tickford drophead)
USD$60,000 – $85,000
GBP£47,000 – £67,000
EUR€55,000 – €79,000
Authored against named published market data (Classic.com market records, Bonhams sale data), not individually verified lot pages
Excellent
USD$40,000 – $60,000
GBP£32,000 – £47,000
EUR€37,000 – €55,000
Authored against named published market data (Classic.com market records, Bonhams sale data), not individually verified lot pages
Good/driver
USD$22,000 – $40,000
GBP£17,000 – £32,000
EUR€20,000 – €37,000
Authored against named published market data (Classic.com market records, Bonhams sale data), not individually verified lot pages
Project
No verified market data at this tier.

Regional ranges authored independently — each reflects its local market, not an FX conversion

Ownership

Living with it

Typical mileage
500–3,000 miles typical
Service interval
Annual by time, plus specialist inspection
Annual running cost
Specialist-dependent; contact a marque specialist for a per-car budget
Fuel economy
Not published
Insurance
Agreed-value classic policy with limited mileage and secure storage. Chassis authentication, matching numbers and documented history are material to underwriting.

Chassis and engine identity

Confirm chassis, engine and body numbers against factory or club records. Documented ownership history is material.

Body, trim and originality

Confirm body condition, trim originality and any variant-specific fitments against a marque specialist.
Valuation

Current value bands by region

Concours
USD
$60,000 – $85,000
GBP
£47,000 – £67,000
EUR
€55,000 – €79,000
Excellent
USD
$40,000 – $60,000
GBP
£32,000 – £47,000
EUR
€37,000 – €55,000
Good
USD
$22,000 – $40,000
GBP
£17,000 – £32,000
EUR
€20,000 – €37,000

Each region quoted in its local currency — independent market readings, not FX conversions

Tickford dropheads command a premium over the Mulliner saloon; documented low-owner Grey Ladies lead. A thin market of fewer than 800 cars.

Authored against aggregate public-market data and named price guides as set out in What to Pay; regional readings are independent, not FX conversions.

Auctions

Recent results

DateAuctionCarMileageResult

No recent public auction results currently meet our verification standard. We publish sale figures only from verified examples, and will update this guide as qualifying results become available.

Investment

Long-term outlook

StableHorizon: 5–10 years

A refined, genuinely 100-mph British saloon in small numbers, undervalued against Bentley and Jaguar contemporaries.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Alvis Owners' Club
    View →
    International
    Register, technical support and events across the Alvis range.
  • Marque specialist (Alvis)
    View →
    UK / EU / USA
    Mechanical, chassis and body restoration on the Three Litre TC21 and TC21/100; Mulliner and Tickford coachwork.
  • Concours preparation studio
    View →
    International
    Concours-level detail and event preparation.

Storage

  • Windrush Car Storage
    View →
    Cotswolds, UK
    Climate-controlled storage for high-value collector cars.
  • Autovault
    View →
    Bicester, UK
    Secure climate-controlled storage at Bicester Heritage.
  • Hagerty Garage + Social
    View →
    USA (multiple locations)
    Climate-controlled storage in key US collector markets.

Transport

  • CARS UK
    View →
    UK & Europe
    Enclosed event and concours transport across Europe.
  • Reliable Carriers
    View →
    USA (national)
    Enclosed coast-to-coast transport for collector cars.
  • Intercity Lines
    View →
    USA
    Enclosed transport with dedicated supercar handling.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.