Auc­tion View

Classic Car Weekly (UK) - - This Week - by Richard Hud­son-Evans

Ex­ten­sively driven by Colin McRae dur­ing Pro­drive’s fa­mously thor­ough test­ing and de­vel­op­ment pro­gramme, and ral­lied by Valentino Rossi in 1999, Subaru Im­preza WRC 97 chas­sis 001 was ham­mered away for a more than fore­cast £230,625 at Ep­som. Built by Pro­drive in 1996, the works rally team de­vel­op­ment two-door Scooby was ral­lied from Greece to Ire­land be­fore re­turn­ing to Pro­drive’s work­shops for restora­tion in 2009. A 2001 Im­preza P1 lim­ited edi­tion with 68,230 miles on it also sold, mak­ing £18,000 with pre­mium, the lower es­ti­mate. As more younger clas­sics are sell­ing, it seems, than older ones, for which there are more ven­dors than po­ten­tial buy­ers. Among ear­lier clas­sics, al­though a bet­ter than ex­pected £249,700 was paid for a 1966 As­ton Martin DB6 Van­tage man­ual non-run­ner that had been stored since the 1990s, a 1964 DB5 ran out of bids at an in­suf­fi­cient £670,000 and only 50 per cent of the cars on the car­pet even­tu­ally sold.

This is a re­flec­tion, I would sug­gest, of a com­bi­na­tion of po­lit­i­cal and eco­nomic un­cer­tainty fol­low­ing the in­con­clu­sive Gen­eral Elec­tion and too many cars com­ing to mar­ket in more auc­tions than ever be­fore, but fewer of them sell­ing. Even though some record prices are be­ing paid for cer­tain mod­els, the mar­ket con­tin­ued to cor­rect dur­ing May ac­cord­ing to four out of five His­toric Au­to­mo­bile Group In­ter­na­tional Indices.

The head­line HAGI Top In­dex de­clined 0.52 per cent month on month and prices by 3.83 per cent year to date. Prices paid for Fer­raris went down by 0.24 per cent in May and are 2.17 per cent down since Jan­uary. Al­though the Porsche mon­i­tor­ing HAGI P has fallen the most, down 3.62 per cent last month and 7.33 per cent in 2017, so far.

Only the HAGI MBCI chart­ing clas­sic Mercedes trans­ac­tions rose 2.15 per cent in May, their prices up 6.86 per cent in the year to date.

‘This is a re­flec­tion of po­lit­i­cal and eco­nomic un­cer­tainty’

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