Market Intelligence
Iconic Auction: Two Souls to Make Everyone Happy
Iconic & CCA auctions hit records: 233 cars sold, highlights include Porsche 356, Escort WRC, Queen’s Range Rover & rare Jaguars.
Iconic, the current name of the historic Silverstone Auctions, also included a group of lower-priced cars in this auction, normally offered by its affiliate Classic Car Auctions, or as it is often called, CCA. On 28 and 29 August the typical Iconic cars were on offer (competition cars on the 28th and road cars on the 29th), while CCA’s more affordable cars were offered on 30 August.
The result was an interesting auction and a mix of data that reflects this dual concept: 330 cars offered and 233 sold (a record for Iconic), with a success rate of 70.60%. The estimate for all the cars offered was £12,746,000, so the result of £8,396,458 (about 66%) is more than fair. The average price of £36,036 reflects the two sides of the event: it is half that of a normal Iconic auction and double that of a CCA auction.
