Market Intelligence
Buyers? Always present! And a lot to learn
Bonhams and Historics held simultaneous auctions on the same day in July, offering similar lots of vehicles, with the venues just 50 miles apart. Bonhams MPH was based in Bicester, while Historics held its auction in Windsorview Lakes. Bonhams sold 79 of the 115 lots on offer, with sales of £1,590,808 ($2.2m), while Historics sold 126 of its 184 lots, with takings of £3,199,415 ($4.4m). Despite differences in the volume of sales and turnover, it was the vehicles on offer that proved more interesting, with some unusual models and sales prices offering lessons to the market.
The auctions held by Bonhams and Historics in Great Britain, look like twin events. Same day, similar targets and very comparable results. Even the locations were close!
Historics held its auction on 17th July at Windsorview Lakes, virtually on the edges of the Heathrow runway. Bonhams, this time using the MPH "arm", instead held their event at Bicester about fifty miles northwest, same time, same day. In theory, if you had wanted to, you could have emulated Phil Collins at Live Aid 1985 who played in London and then took a Concorde and concluded the Philadelphia concert.
