Market Intelligence
Bonhams - Silverstone: challenge or comparison?
Bonhams MPH and Silverstone both held auctions on the same day and had a good sales result, indicating that the classic car market is lively but moving at different speeds, with the USA having a more dynamic market. While Bonhams focused on cars under £50,000, Silverstone placed their focus on higher-priced cars, resulting in a difference in average prices. Both auctions exceeded their estimates, but the number of cars sold and the total sales were higher at Silverstone. Some of the standout cars sold were the 1960 Jaguar XK150 3.8S DHC and the Subaru Impreza 22B STi, both breaking records for their respective models.
You should never change a winning formula. The auctions of Bonhams MPH and Silverstone were held on the same day and went by the usual, well-tested script: the first at their historic headquarters at Bicester Heritage while the second was at Stoneleigh Park.
Both auctions focused on the things they’re good at and brought home two solid successes even if they were not exceptional: we have confirmation that the classic car market is lively but it’s travelling at two different speeds, with the USA decidedly more dynamic. For Bonhams, a 79.31% sales result (69 out of 87 cars) is a good result but far below those of [Amelia](https://tcct.com/news/2021/05/rm-and-bonhams/) and also of **New Bond Street**where, it should be said, the lots on offer were much more valuable; on the other hand, Silverstone sold 63.49% of its offering (40 out of 63), again far from tragic but [less than the magic of two months ago](https://tcct.com/news/2021/04/auctions-good-winds-finally-reach-europe/).
