Market Intelligence
Historics. Fewer transactions but great bargains
British auction house faced challenges with increased vehicle prices but a smaller proportion of total estimated value in their recent event compared to 2022. Total takings rose by 10% from the previous year.
Cliff Goodall’s view
The Historics auction at Windsorview Lakes on 22nd July revealed a certain caution among buyers.
With just 58.43% of the cars on offer successfully auctioned, the final result was nowhere near as impressive as the auction house’s usual figures, which have typically been around 70%. There were 166 cars offered, 69 of which went unsold, marking a step back compared to 2022. Despite this, the total takings reached £2.6 million, marking a 10% increase. However, it fell short of the estimated value, amounting to less than half, even though the average selling price saw a significant surge of almost 19%, rising from £22,346 to £26,541.
