Market Intelligence
Christmas at Bonhams: A successful tale of surprises and uncertainties
New Bond Street's year-end auction featured an Aston Martin abundance, favoring buyers. While 80% found new owners, surprises eclipsed top lots. Dive into roarington.com with Cliff Goodall for the untold tales.
Cliff Goodall’s view
Over the past five years, Bonhams’ London auction has undergone a transformation, moving from the spacious Olympia to the more intimate setting of its renovated New Bond Street headquarters. This shift has led to more exclusive “boutique auctions”, with around 30 cars per event. In the latest auction on 15th December, 31 cars passed under the hammer and 25 were sold (a commendable 80.65%). However, the total sales of £2,872,125 fell short of the £4,285,000 estimate, suggesting that while the less expensive cars “marched at a brisk pace”, the top lots did not find buyers. The average sale price was £114,885, and notably, nearly half the cars (17 out of 31) were offered without reserve.
__Bonhams, London, 15th December 2023__
