Market Intelligence
Bubbly Bonhams in Zoute
The Bonhams auction in the refined Belgian town near Bruges returned to normal after being cancelled in 2020, and it achieved the highest sales total ever achieved at this event. 78.43% of the 51 cars offered changed hands and the sales total came in at €12,545,051 ($14,543,164), compared to a pre-auction estimate of €14,009,000 ($16,290,855). The top lots were a 1994 Bugatti EB110 SS, which sold for €2,242,500 ($2,612,450), followed by a Ferrari F40, produced in 1989, with only one owner and just 1,790 km on the clock, which sold for €1,840,000 ($2,143,550). The BMW Z1 Roadster had just 16 km on the clock and sold for €105,800 ($123,255), while the Land Rover S1 "Reborn" sold for €115,000 ($133,975), setting another record for the model.
After the cancellation of the Zoute event in 2020, everything returned to normal in the refined Belgian town near Bruges. And normality drove the sales at the Bonhams auction: 78.43% of the 51 cars offered changed hands (40 cars) and the sales total, compared to a pre-auction estimate of €14,009,000 ($16,290,855), came in at €12,545,051 ($14,543,164), the highest amount ever achieved at this event.
In percentage terms, that equates to 89.55%, clearly demonstrating just how excellent the result was, despite the reduced number of cars without reserve (29.41%).
