Classic Sports Car
ONLINE EXPANSION FOR SILVERSTONE GROUP
The team behind Silverstone Auctions has launched a new online-only sale house, adding Automotive Auctions to its roster that also includes Classic Car Auctions.
Starting from 1 April, the sales will last for seven days in a timed online auction format rather than using a live stream and remote auctioneer. The method is preferred by onlineonly marketplaces such as Collecting Cars, The Market and Car & Classic Auctions, but has also been embraced by international sale houses. Bonhams, RM Sotheby’s and Gooding & Co have all enjoyed success this past year.
The Silverstone group has hosted online auctions through its two existing brands, not via timed sales but with remote bidding on scheduled days. The company’s last sale of 2020 featured £2.3m being spent in CCA’S December auction, while £8m changed hands in the Silverstone Auctions ‘NEC Classic Live’ event. The annual Race Retro auction was moved to a two-day streamed sale, scheduled for 27-28 March.
“Automotive Auctions is an additional route to market to what the Silverstone Auctions Group already offers,” says managing director Nick Whale. “It is completely free to sell your classic car, competition car, modern sports car, supercar, electric and hybrid car, motorhome or motorcycle, as well as automobilia items and numberplates. You can contact us today and sell next week, without any fees.”
Charges will be levied against buyers, who will pay 5%+VAT. See automotiveauctions.co.uk