Market Intelligence
The school of great deals
The article discusses the results of two car auctions held in the UK: Bonhams and Anglia Car Auctions (ACA). While Bonhams had fewer cars on offer and a lower selling percentage, it had a higher turnover than ACA. The author notes that ACA had many good deals with affordable prices, such as a 1996 Subaru Impreza UK2000 once owned by the McRae family and a 1973 Lamborghini Espada Coupé that needs restoration. The article also highlights the Delahaye 135M Three-Position DHC bodied by Pennock as the "big loser" of the Bonhams auction, selling only slightly above its reserve price. The author concludes that the auctions in the UK provide opportunities to find good deals and have fun.
The important auctions with million-dollar turnovers may make the headlines, but they risk making us forget the many auctions where you can find some really good deals with very little money. And the majority of them – could that be a coincidence? – are in those countries where the passion for collecting is at its highest: the United States and Great Britain.
Today I wish to describe, from the point of view of a buyer, the auction of Bonhams in Beaulieu, Hampshire, on 5th September and Anglia Car Auctions, ACA, held the week before. Before I begin, I need to make an initial observation: the same a small budget set aside for Bonhams would have allowed me to take home three cars from ACA. In short, great deals and a lot of fun.
