Buyers get hooked on classics
CLASSIC vehicles and motorcycles followed world trends and regained their status as alternative investments at Shannons Sydney Autumn Classic Auction on Monday.
More than $2.3 million was paid for 69 lots in the auction, representing an excellent overall clearance rate of 82 per cent. The 23 number plates accounting for $1.2 million of the result and the 23 motorcycles from three private Sydney collections adding a further $270,000.
The top selling lot was a 1973 Ferrari Dino 246 GTS Spyder, which with its world market appeal sold for $350,000 to an Austral- ian enthusiast after a bidding battle.
Other standout vehicle sales across the price spectrum was the $98,000 paid for a 1971 Chrysler VH Charger E38 ‘‘Big Tank’’, while a well presented 1968 Mercedes-Benz 250SL was chased by a bevy of floor and phone bidders before selling for $62,000.
Apredominantly original 1969 Holden HT Brougham offered with no reserve was in similar high demand among a number of bidders before eventually bringing the hammer down at $20,000 to load applause from the large crowd at Shannons’ St Leonards showroom.
Other notable car sales included the top prices paid for a brace of Porsches, with a front-engined 1984 928S that had covered just 150,000km since new eventually selling for $19,500 after a slugging duel between two floor bidders, while a 1979 930 Turbo coupe in need of a little cosmetic TLC brought $49,000.
Another European sporting car to perform well was a 1989 BMW 635CSi coupe, which sold for $16,250.
Among the classic motorcycles offered from three private Sydney collections, the highlight was the sale of a restored, but since unused, post-WWII HarleyDavidson ‘‘Knucklehead’’ for $65,000 (believed to be an Australian auction record price) while a circa-1951 Manx Norton 500cc ‘‘Featherbed’’ made $35,000 and a circa-1938 Harley-Davison Umodel sold for $25,500.
The top selling British bike was a circa-1963 Royal Enfield 750cc Interceptor that brought $18,000 as a reflection of its condition after a ground-up restoration and its significance as the last of the Enfields.
Despite their size, most of the small-capacity Italian bikes in the auction sold at or near their high estimates, with top results the $12,250 paid for a 1962 Vespa GS160 Mk1 Scooter and the $8750 paid for a circa-1963 Lambretta Model D150cc Scooter.