Market Intelligence
Silverstone and Historics: a world of temptations
Two British auctions, Silverstone and Historics, offered a variety of cars to enthusiasts. Silverstone had higher quality cars, with an estimate of £7.5m and sold 62 out of 100 cars, while Historics sold 75.93% of their 162 cars, with an estimate of £4.2m. The top lot was a 2001 Ford Focus WRC model sold at Silverstone for £423,300. At Historics, a 1997 Mercedes-Benz SLK230 Kompressor was sold for just £2,264, and a Triumph TR5 sold for £75,040, setting a new record. Overall, there were many opportunities and deals for buyers at both auctions.
Auctions are enjoying some very exceptional months: one after the other with many lots on offer and a considerable number of sales. Today, we will examine the British auctions of Silverstone and Historics, the first held on 5th and 6th March, the second on the 12th. Some numbers just to warm-up proceedings: over two days, Silverstone offered 100 cars and sold 62 of them, Historics instead, offered 162 in a single day and sold 75.93%, equivalent to 123 cars.
Silverstone, however, had higher quality cars: with a pre-auction estimate of £7,548,000 (€9,019,830), it was well above the £4,260,000 (€5,090,685) on sale over at Historics, and the ratios between the two remained more or less the same all the way up to the final sales.
