Market Intelligence
Bargains in the UK. This time I’m buying one!
The ACA and Brightwells auctions offered more affordable cars, with an average price per car of €10,365 and €11,112, respectively. The most expensive car sold was a 1992 Honda NSX, which set a record for the model and marque with a price of €132,610. The ACA auction also saw a record set for a 1959 Jaguar MkI 3.4 previously owned by George Formby. However, there were plenty of bargains to be had, such as a Mercedes-Benz CLK55 AMG which sold for just €4,908 and a 2004 Audi TT MkI 3.2 for €3,348.
This week we want to take a look at the “minor” auctions at the other end of the spectrum to millionaire ones that require bloated wallets. This is a topic that interests everyone, so I selected ACA held on 29th January, and Brightwells on 16th February. The first offered 212 cars for sale worth £1,317,250 (about £6,213 per car) and sold 193 of them for £1,672,489 in total, equivalent to somewhere around €2m. The result? A splendid 91% of the lots were sold, for a very impressive 127% of the estimated value with an average price per car of £8,666 (€10,365).
