Market Intelligence
Bonhams Goodwood. Realism rewards
The article discusses the results of Bonhams' auction on September 18, which saw a 75% sale rate with 79.46% of the cars sold within their estimated value, and the turnover stood at £10,453,250 (€12,234,430) against an estimate of £13,156,000 (€15,220,145). The article also highlights the success of supercars from the '90s, such as the 1993 Jaguar XJ220, which sold for £460,000 (€538,515) and set a new record, while the most discussed lot of the sale was the 1956 Jaguar D-Type, sold for £799,000 (€935,378), with doubts about its originality. The article also discusses the sale of a 1931 Bentley 4/8-Litre Two-Seater, which was modified for usability and sold for £603,000 (€705,923), and a 1926 3-Litre Tourer in Speed Model configuration, which sold for £230,000 (€269,257).
After the most recent sales organized at Goodwood were a bit of a flop, Bonhams decided to play it safe at its auction on 18th September: decidedly reasonable estimates even at the cost of giving up some million-dollar top lots.
Success here was guaranteed: with 75% of the cars sold, 79.46% of which within their estimates, it seemed like a completely different auction to the one in July (when the same values were 58.69% and 53.78%, respectively). In purely numeric terms, we are talking about 84 cars on offer and 63 sold. Turnover stood at £10,453,250 (€12,234,430) (against an estimate of £13,156,000 or €15,220,145).
