Market Intelligence
Confidence in the future
The MPH division of Bonhams held its first physical-presence auction in the UK amidst new restrictions, and despite the apprehensive climate, the market proved to be steady with 67 cars out of 105 sold (63.80%). Notable cars at the auction included a 1995 Lancia Delta Integrale Evolution II, a 2018 McLaren 570S owned by a well-known hillclimb racer for charity rides, a 1973 Volvo 144 De Luxe model, and a rare 1966 Bristol 408 gran turismo. The article highlights interesting details about each car and their respective sale prices.
The first physical-presence auction by the MPH division of Bonhams was held at Bicester Heritage in the United Kingdom, right on the eve of new restrictions. Despite the dreaded climate of apprehension, the offers were all pretty decent: 67 cars were sold out of 105 on offer (63.80%), a slightly higher percentage than the estimated value takings, which totalled 57.82% (£1,193,541 out of £2,064,000 on offer).
By way of comparison, at the most recent MPH auction in July, they managed to sell 64% of the cars on offer, collecting 48.20% of the estimated value, and if we go even further back in time, to the first MPH auction held precisely one year ago, those same values were 59% and 42% respectively with total sales slightly over £1.2 million. And we are talking about a period in time when the word “corona” was associated with a cold beer, not a virus. Long story short: the market is steady.
The most interesting cars in the auction?
