£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
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.
Market analysis from our man on the sales room floor