Classic Sports Car

ONLINE EXPANSION FOR SILVERSTON­E GROUP

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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

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 ??  ?? R5 Turbo (top) and Rover P5B sold online with Silverston­e
R5 Turbo (top) and Rover P5B sold online with Silverston­e

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