Market Intelligence
Silverstone? The name says it all
The article discusses the Silverstone auction held in Birmingham, UK, on 13th and 14th November. The auction featured 138 cars, including some of the most desirable versions of the youngtimer class. The star lot of the event was a 1998 Subaru Impreza 22B STI, one of only 16 in the UK, which failed to sell at £200,000. A 2001 Mitsubishi Evo VI Tommi Makinen Edition sold for £73,125, and the 1989 Ford Sierra Cosworth RS500 went for £110,250, setting a new world record. The Bentley Continental GT Speed from 2008, once owned by Cristiano Ronaldo, sold for £48,375. Overall, the auction brought in £8,183,900 in sales, or 93.62% of the maximum estimated value.
On my calendar there are several dates marked in red. On 13th and 14th November, two red crosses were on my calendar because that was when the Silverstone auction at the NEC in Birmingham (UK) was held, where the cars on offer included the most desirable versions of the youngtimer class, a paradise for those who grew up on bread and Gran Turismo.
138 cars on offer with an estimated value of £8,742,000 (€10,282,300). 110 were sold (79.71%) with an average price of £74,399 (€87,169) per car. The 110 sold brought in £8,183,900 (€9,588,630) in sales or 93.62% of the maximum estimated value. A very nice result indeed, demonstrating without a shadow of doubt that in my paradise, there are many of us.
