Market Intelligence
H&H and ACA Auctions. A shame not to have been there…
Hammer fall in Nottinghamshire and Norfolk — a 604-mile Silver Shadow, a near-mythical Strathcarron, a Jaguar kept in one family for five decades.
Two new British auctions, where, as ever, there is much to learn. H&H organised a sale at Newark, in Nottinghamshire, on 17th June: 83 cars offered, 42 sold, for a sell-through rate of 50.60%. That figure, decidedly low, is one we cannot fully interpret. Certain cars are listed as "SOLD" but without a recorded hammer price. To avoid distorting all the parameters, we will work from the published figures: £1,179,010 in realised value and an average price of just £28,072. Cars offered without reserve represented 13% of the total.
ACA held its sale at King's Lynn, their headquarters, between 20th and 21st June, selling 215 of the 313 cars offered and achieving a 68.69% success rate. Despite the considerably larger number of cars entered, the combined pre-sale value reached only £1,631,750, and by the close of the auction total sales amounted to £1,262,534. As is typical of ACA, the average price was markedly modest — just £5,872 per car — and those offered without reserve accounted for little more than a third of the lots: 109, equal to 35%.
