Market Intelligence
Bonhams Auction at Christmas: An Avoided Risk
Bonhams’ final auction of 2024 saw mixed results: Aston Martins performed exceptionally, while a Koenigsegg CCXR Coupé and Porsche Carrera Classic failed to sell. The 1925 Bugatti Type 35A sold for £552,000, and a Bentley GTC fetched a record £55,775.
Bonhams in London on December 12th played its last card of the year. Was it a risk so close to the holidays? At first glance, it might seem so, but in reality, things didn’t go badly. Comparison with last year is not very indicative: the percentage of no-reserve cars dropped from 55% to 33%, but the estimated value showed that the level of cars in 2024 was much higher than the previous year. In fact, the average price per car sold rose from £115,000 to over £203,000.
Now, the curiosity is to understand the dynamics, but through the cars, we can learn more about the meaning of this auction.
