Market Intelligence
Bonhams. Betting and deals in Brussels
Belgian market offered cars without reserve, despite Bonhams' limited expertise. Hidden stories emerged, including uncollected Best of Show. Cliff Goodall navigates complexities on roarington.com, emphasizing the value of observation.
On relatively uncharted territory - with only one attempt during the Covid era - Bonhams at Autoworld in Brussels decided to play it safe: nearly two-thirds of all the cars at the auction were offered without reserve, specifically 39 out of 60 (65%). Success came effortlessly, with 80% changing hands (48 cars) at 71.11% of the estimated pre-sale value (€4,942,286 out of €6,950,000). For the London-based auction house, the average price of €102,964 aligned perfectly with the other auctions across the continent.
As usual, let’s focus on the lots I consider the most interesting.
