Market Intelligence
Historics. The Queen is not enough
The article discusses the recent Historics auction in Brooklands, England, and the factors that affect auction results. The article analyzes the percentage of cars sold and the average price per car, along with the impact of the offer mix and reactivity of the room. The article also highlights the unsold top lots with high asking prices, including three local cars produced in the heyday of British motoring. The article notes that some cars sold below their pre-sale estimates, while some others, including a 1973 BMW 2002 TII and a 1988 Ferrari Mondial 3.2 Cabriolet, sold well. Overall, the article offers a detailed analysis of the auction results and provides insights into the current state of the classic car market.
There are many variables that affect the result of an auction. First and foremost a good correspondence between the profile of the cars offered and the public present in the hall. Observing just how many of the most important lots of the Historics auction in Brooklands, England, went unsold (actually they were sold in post-auction consultations, and therefore cannot be counted), it’s hard not to question the offer mix and, consequently, the reactivity of the room.
Looking at the numbers, 104 cars sold out of 152 on offer, or 68.42%, sits almost perfectly within the norm for auctions of late, however in terms of value, this percentage drops to 42.37% with an average price of £28,090 (€32,650) per car.
