Market Intelligence
All cheap. But after?
The Anglia Car Auctions in Kings Lynn, England, had a successful auction with 230 cars out of 270 sold for a total of £1,706,419 (€2,032,640). The auction also included some cars being sold for charity, such as a 1983 Audi 100CS which raised £2,754 (€3,310) for the Lennox Children Cancer Fund. A 2004 Bentley Continental GT with electrical problems and tacky modifications failed to reach its estimated price, selling for £9,828 (€11,818). Other interesting cars included a Fiat Seicento Sporting sold for £860 (€1,034), a 2004 Honda S2000 sold for £12,420 (€14,935) and a 1993 Mercedes-Benz SL320 sold for £5,400 (€6,493).
Anglia Car Auctions, or ACA as it’s more commonly called, in Kings Lynn, England, is an auction at “popular prices” with a tradition that was once again confirmed by the results: 270 cars offered, 230 sold for an excellent percentage of 85.18%. Then, £1,664,000 (€1,982,112) in presale estimates with £1,706,419 (€2,032,640) in takings, an impressive 102.54% compared to the estimated value, giving an average price of £7,419 (€8,837) per car sold.
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These numbers look like identical photocopies of last year, when they sold 206 of the 236 cars on offer for a total of £2,022,763 (€2,409,461). The percentages of cars offered without reserve were also similar: in 2021, it was 25.42%, this year it rose slightly to 26.30%.
