Market Intelligence
Consistency and intelligence: Bonhams becomes Boomans…
The Bonhams team is likely smiling after an excellent sale in Paris and an even better one at Amelia Island. This year's event saw a 30.5% increase in total sales, jumping from $16,097,787 to $21,011,940 for 85 cars sold, resulting in an average price per car of $247,199, a 38% increase over the previous year. The success can be largely attributed to the sale of the Bugatti Tipo 55 Super Sport, which sold for $7,100,000, and Bonhams' expertise in offering high-end 1930s cars. Despite the unsold 1952 Jaguar C-Type, the sale of the Renault AI 35/45hp Vanderbilt racer, previously owned by 24-hour Le Mans driver William Spear Jr. and one of four remaining commissioned by Willie Vanderbilt, for $3,332,500 also helped contribute to the overall success of the event.
From the area around New Bond Street, the Bonhams team will have started to smile.
After the excellent sale in Paris, they had a stunning encore at Amelia Island.
In 2019, total sales from 90 cars was $16,097,787. This year that number jumped to $21,011,940 (+ 30.5%), from 85 cars. Hence, the average per car went up from $178,856 to $247,199 (+ 38%).
