Cars the new collectables?
Three rare classics go under the hammer in South Africa as investors compare rates of return
AUCTIONEERING company Stephan Welz & Co is putting up for auction three classic cars, with an estimated total value of some R5,6 million in Cape Town on March 1 and 2.
The three veteran cars are a 1969 Jaguar E Type Series II Roadster, a 1958 Mercedes 220S Ponton Coupe, and a 1955 Ford Thunderbird Convertible.
Anton Welz, auctioneer and specialist at Stephan Welz & Co, said investment returns on classic cars have risen to over 450% since 2005, according to the Knight Frank Luxury Investment Index.
That represents a sizeable return on the R2,4 to R2,6 million that the rare E Type Series II Roadster is expected to reach under the hammer.
The car for sale is red with a black interior, right- hand drive, wire wheels, 75 000 miles on the odo, with a hard top, 4,2 litre motor and four- speed manual gearbox.
In 2008 the Daily Telegraph ranked the E Type first in the 100 most beautiful cars of all time. An emblem of the swinging 60s, it was driven by the likes of the late actor Steve McQueen.
Also up for auction is a rare hand- built 1958 Mercedes 220S Ponton Coupe, valued at R1,8 to R2 million.
Mercedes- Benz only built 1 251 of this exclusive model in Coupe version, and quite a number were bought by aristocracy; King Juan Carlos of Spain was gifted one by his father, as well as many famous actors and politicians.
The car is ivory with white leather interior, whitewall tyres, 2,2- litre motor, manual transmission and right- hand drive.
In 2015, Stephan Welz & Co. sold a similar model in Johannesburg for R1,8 million.
“It’s rare to find Ponton Coupe models in South Africa, so this should flag the attention of any serious collector,” said Welz.
For that retro American look, there will also be a 1955 Ford Thunderbird Convertible for sale.
Valued at R1 to R1,2 million, the two- door model is white with black and white leather interior, whitewall tyres, left- hand drive and automatic gearbox.
The Thunderbird was the first two- seat Ford since 1938.
Rather than becoming a rival to the European sports cars imported into the United States, Ford created a completely new market segment around the Thunderbird: the personal luxury car. While a performance car in its own right, the Thunderbird focused more on comfort than speed.
The T- Bird convertible was the car driven by John Travolta in Grease; its other famous owners include Frank Sinatra and Dennis Wilson of the Beach Boys.
“If you are just getting into the classic car market, it’s important to choose your cars carefully,” said Welz.
“Always look for the rare; you will pay a premium for it, but it will reward you with the best returns. The three cars we are offer- ing are all being sold by the same seller, a collector whose discerning taste is behind every car he collects.”
These collectible cars and more will go under the hammer at the Stephan Welz & Co. Decorative and Fine Art Auction in The Great Cellar, Alphen Estate, Alphen Drive, Constantia on Tuesday, March 1 and Wednesday, March 2, 2016.
The pre- auction viewing to the public opens on Wednesday, February 24 to Sunday February 28, from 10 am to 5 pm, and a cocktail event will take place in Cape Town at Constantia 23.
Catalogues will be available from both the Cape Town and Johannesburg offices as well as the Stephan Welz & Co. website www. stephanwelzandco. co. za.
Anyone who can’t attend the auction in person can bid for pieces online via art and antiques auctions portals www.thesaleroom.com and www.invaluable.com.
Users of these websites can search catalogues and place their bids over the Internet in realtime, with live audio and video from the auction room.
ANTON WELZ specialist auctioneer at Stephan Welz & Co “Always look for the rare; you will pay a premium for it, but it will reward you with the best returns.”
This 1969 Jaguar E Type Series II Roadster is valued between R2,4 to R2,6 million.
Mercedes- Benz only built 1 251 of this exclusive hand- built 1958 Mercedes 220S Ponton in Coupe version.
RARE BIRD: A 1955 Ford Thunderbird Convertible is for sale with an estimated value of R1,2 million.