Market Intelligence
Bonhams London. Nice stable climate
The article reports on the results of a recent Bonhams car auction, held at the company's headquarters in London. Out of the 29 available cars, 21 were sold, generating a total of £6,302,700 (€7,239,975) in takings, and an average price per car of £315,135 (€362,000). The top lot of the sale was a 1969 Lamborghini Miura S, which sold for £1,067,800 (€1,226,600), while a 1981 Lamborghini Countach LP400S sold for £460,000 (€528,400), and a 2001 Lamborghini Diablo VT 6.0 SE sold for £276,000 (€317,000). Other cars sold included a 1970 Aston Martin DB6 Mark 2 Vantage Sports Saloon and a 1925 Bugatti Type 30 Skiff Tourer.
Bonhams, this time played on home turf at their headquarters in New Bond Street, London. And they took home a more than flattering result: 72.41% of the available cars were sold (21 out of 29) and £6,302,700 (€7,239,975) in takings against a pre-sale estimate of £6,540,000 (€7,512,565), a splendid 96.37%. The boutique auction also delivered an average price per car of £315,135 (€362,000).
The top lot of the sale was a 1969 Lamborghini Miura S. Red, originally left-hand drive, it was converted to right-hand drive in the mid-70s. Always kept in England, the last owner used it very little and in fact a complete restoration was recommended. Lately, it would very much seem that Miuras in need of restoration are popping up like mushrooms: a P400 went for €1,115,000 at the beginning of October and about ten days later, another S (in borderline conditions) changed hands for €1,416,000.
