£5.2m bid in UK auc­tions...

…but Euro­pean sales lead the way, where a se­ries of world records help to rake in al­most £9.5m

Classic Car Weekly (UK) - - BUYING & SELLING -

The all-im­por­tant sale rates that show po­ten­tial con­sumers to what ex­tent bid­ders are pre­pared to match – or bet­ter – ven­dors’ re­serves in­di­cate that an av­er­age of 57 per cent of the 408 cars auc­tioned in main­stream UK auc­tions sold dur­ing Oc­to­ber, when £5.2m was spent on 233 clas­sics. On the EU main­land, mean­while, 68 per cent of the 100 cars in the Zoute and Padova auc­tions were knocked down for an im­pres­sive £9.4m – strong fig­ures all round, by all ac­counts.

Stand-out per­for­mances dur­ing the month in­cluded the 1962 As­ton Mar­tin DB4 Van­tage Se­ries 5, which sold for a world record £988,550 in Bel­gium, where Bonhams also clocked up a record £871,951 for a 1960 Fer­rari 250GT S2 Pin­in­fa­rina and the ex-Muham­mad Ali 1960 Rolls-Royce Sil­ver Shadow Con­vert­ible made a very punchy £116,598. More re­cently In Italy, a 1962 Austin Mini Coun­try­man changed es­tates for a not­in­con­sid­er­able £25,495.

Here in the UK, mean­while, the £39,375 val­u­a­tion of a home mar­ket 1993 MG RV8 by an H&H client in the Dux­ford han­gar was an­other record-breaker and the £50,220 re­sult of a mint, but stan­dard 1970 Es­cort Twin Cam dur­ing a 96 per cent sold SWVA sale was surely re­as­sur­ing for mar­ket watch­ers.

RICHARD HUD­SON-EVANS

Mar­ket anal­y­sis from our man on the sales room floor

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.