’81 Mo­tor Fair Fer­rari – sold!

Classic Car Weekly (UK) - - Buying & Selling - RICHARD HUD­SON-EVANS Mar­ket commentary from our man in the thick of the sales

All three Fer­raris con­signed by Anglia Car Auc­tions for its King’s Lynn sea­son opener found buy­ers, in­clud­ing the ex-1981 London Mo­tor Fair 308GTBi – one of 42 right-hand drive cars made – which sold for £50,400 in­clud­ing five per cent pre­mium.

The 456M GTA owned by the Sul­tan of Brunei from 1996 to 2006 bet­tered its top es­ti­mate to make £53,550, while a re­stored 1980 308 GTB with 86,433 miles sold within es­ti­mate for £71,400.

Most of the His­toric Au­to­mo­bile Group In­ter­na­tional (HAGI) in­dices that chart the clas­sic car mar­ket ex­pe­ri­enced a rather lack­lus­tre start to 2017 – Porsches fell by 2.15 per cent and Mercs by 1.47 per cent – but those track­ing Fer­rari trans­ac­tions recorded a 1.57 per cent gain.

‘The pranc­ing horse en­joyed a good gal­lop in 2016, too’

HAGI’s num­ber crunch­ers reckon that this lat­est spike in Fer­rari for­tunes was achieved through a num­ber of rare and high end Fer­raris chang­ing hands for higher prices. For in­stance, there were five Fer­raris in the ‘Over­all Top Ten’ at last month’s seven sales dur­ing Ari­zona auc­tions week, led by the 1952 340 Amer­ica Com­pe­tizione Spider sold by Bon­hams for $6.38m (£5.17m).

Six more Fer­raris oc­cu­pied the RM Sotheby’s leader board, with a 1969 365GTS Spider sell­ing for $3.60m (£2.92m), a 1995 F50 $3.14m (£2.54m), a 1961 Su­per­amer­ica Coupé $3.08m (£2.49m), a 2003 Enzo $2.70m (£2.18m), a 1967 330 GTS $2.48m (£2.00m) and a 1966 275GTB/2 $2.12m (£1.72).

The Pranc­ing Horse en­joyed a good gal­lop last sea­son too. It was dur­ing last year’s Paris Rétro­mo­bile sales that Artcu­rial sold a 1957 335 S for €32.08m (£25.7m), a record for any car ever sold at auc­tion in Europe. In the same sale only the pre­vi­ous year, Artcu­rial sold a 1961 250 GT Cal­i­for­nia SWB Spy­der for more than €16.29m (£11.80m).

Ex-Mo­tor Fair 308 sold for £50.4k.

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