Prices for low mileage clas­sics still head­ing sky­ward

Classic Car Weekly (UK) - - News -

Three more world record prices were achieved at auc­tion last month, tak­ing the tally for 2016 up to at least 18.

Last week’s records were £27,000 for a Ford Sierra RS Sapphire Cos­worth (right), £26,000 for a BMW E31 850CSi M and £18,250 for a Honda Z600 (all prices with­out pre­mium).

They were set at Clas­sics Cen­tral’s Bed­ford­shire auc­tion. Man­ag­ing director Justin Lazic says: ‘They’re world records for any Sapphire Cos­worth, any E31 850CSi, and any Z600. Each of the cars was con­signed early so in­ter­est could be built. What we’ve demon­strated is that low mileage, orig­i­nal cars are worth top dollar.

‘Peo­ple are more pre­pared than ever to pay for orig­i­nal ex­am­ples and as time goes on, orig­i­nal, un­re­stored ex­am­ples are be­com­ing rarer and rarer.’

These sales are the latest records in a boom year for auc­tion houses. Sil­ver­stone Auctions set two world records in Fe­bru­ary, and Artcu­rial set an as­ton­ish­ing 13 at its Retro­mo­bile sale two weeks be­fore that.

Artcu­rial broke seven world records on the first day of the sale which in­cluded the high­est auc­tion price ever for a car – a 1957 Ferrari 335 Sport Scagli­etti sold for £24.7m. How­ever, there is some con­tro­versy over this claim, as Good­ing and Com­pany say their sale of a Ferrari 250 GTO in 2014 still holds the record be­cause of ex­change rate vari­ances.

On the se­cond day six Citroën price records were bro­ken – one for a 2CV Sa­hara which sold for a stag­ger­ing €172,800 (£131,436).

The Sil­ver­stone Auctions records were set for a 1990 Mercedes-Benz 190 E2.5-16 Evo­lu­tion II which made £292,500 and a 1987 Ford Capri 280 ‘Brook­lands’ that sold for £54,000.

Mar­kets edi­tor Richard Bar­nett isn’t overly im­pressed. He says: ‘Tak­ing year and model into ac­count devalues records. And al­though it’s great news for sellers and auc­tion­eers, it’s not for peo­ple who need a step­ping-stone into the clas­sic car game. Real en­thu­si­asts could be priced out too.’

1961 Citroën 2CV Sa­hara. €172,800

1957 Ferrari 335 Sport Scagli­etti, £24.7m.

1990 Ford Sierra RS Sapphire Cos­worth, £26,000

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