Archive
14/07/2022
Artcurial. Le Mans, looking beyond the name
The recent Artcurial auction held in Le Mans saw 94 cars being sold out of 132 on offer, generating a turnover of €11,506,156 ($11,643,135) and an average of €122,406 ($123,865) per car sold.
07/07/2022
German auctions? Über alles
Two auction houses, Dorotheum and Bonhams, held sales of cars and jewelry over the same weekend in July 2022 in Austria and Switzerland. Dorotheum sold 88.61% of the 79 cars on offer and Bonhams sold 87.03% of their 54 cars, with 63% sold without reserve. Both houses were satisfied with their results, with Dorotheum collecting €4.6m and Bonhams €7.4m. The top lot, a 2010 Lamborghini Reventon Roadster, was offered at Bonhams but went unsold, while the most expensive car sold was a 1991 Ferrari F40 that exceeded its estimate, selling for €1.95m.
30/06/2022
Bonhams wins the Festival of slow at Goodwood
The article discusses the results of the 2022 Bonhams auction that took place during the Goodwood Festival of Speed. The auction recorded disappointing results with just 62.66% of the 75 cars on offer being sold, and only marginal improvements from the previous year's results. The article highlights the decline in the auction's takings, with just £6,601,341 against a target of £12,901,000, which is the worst result in 12 years. The article goes on to mention the top lots that went unsold, including a McLaren P1 GTR, a Benetton B193B Formula 1 car, and a 1931 Invicta S-Type 4.5 litre. The competition for the most expensive car was between a 1937 Frazer-Nash-BMW 328 Roadster and a 1962 Aston Martin DB4 Series IV Convertible, with the former selling for £636,600 and the latter for £588,440. However, both cars were sold below their minimum estimates.
23/06/2022
English auction ACA: cheap holidays
British auction house ACA presented a variety of cars perfect for summer holidays, with an average selling price of £7,279. Highlights include a limited edition Mazda MX-5 Monaco, a 1977 Jimini Moke kit car, a Land Rover 109" Hi-Capacity, a 1990 Toyota Land Cruiser, a 1998 Peugeot 106 GTI, a 1989 Skoda Rapid, a 1993 Range Rover Vogue SE, a 1950 Chevrolet 3100 Stepside pickup, a Ford Transit that seats 15, a 1989 Bedford Danbury caravan, a 1963 Morris Mini MkI, a 1973 Alfa Romeo 2000 GT Veloce, and a 1972 Morris Minor Van. Of 236 lots, 209 sold for a total of £1,521,414.
16/06/2022
Bonhams Greenwich. The key to success
Bonhams achieved a successful American auction in Greenwich, with over 80% of cars sold without reserve, resulting in 95% of sales and an average price per car of $105,761. The top lot was a 1929 Bentley 4 1/2 litre Tourer that sold for $604,500. Two Jaguar XK120s sold below estimates, with the coupe selling for $85,120 and the roadster selling for $66,080. The sale also featured a replica 1966 Fiat 500 Jolly that sold for $89,600, and a collection of four Facel-Vegas that performed well. A 1981 Porsche 911 SC Coupe also caught the writer's attention.
14/06/2022
Fred Simeone, farewell during “his” 24 Hours
Fred Simeone, a renowned collector and scientist, passed away leaving behind a significant legacy of endurance race cars, many of which competed in Le Mans.
09/06/2022
How do you find gold? Historics and Silverstone show how
Auction houses Silverstone and Historics had different profiles for two different types of cars, with 77 and 79 cars sold respectively. Silverstone aimed high, netting £6,813,765 (€7,831,055) in takings with an average sale price of £88,490 (€101,700), while Historics took home £2,712,991 (€3,118,038) or £34,341 (€39,468) per car. Lady Diana's 1985 Ford Escort RS Turbo S1 was sold for £722,500 (€825,000), while a 1998 22B STI went to its new owner for £182,250. An Audi RS2 sold for £75,938 and a 1966 230SL Pagoda that once belonged to Stirling Moss sold for £177,750 (€204,000). The most interesting car was the 1974 Lamborghini Espada S3, sold for £83,768 (€96,155).
09/06/2022
Historics and Silverstone: investment opportunities
The British auctions in May by Historics and Silverstone offered affordable prices and opportunities. A Subaru Impreza P1 set a record by selling for double its estimate, while a 458 Italia was sold for almost half the price of a 458 Speciale. McLaren MP4-12C and hot hatches reached high prices compared to market averages. The last Cooper S Mini sold at Silverstone set a new record. Historics sold 74.48% of 192 cars and generated £4,943,581 turnover, while Silverstone sold 48 lots out of 86 and generated £3,557,783 turnover with higher average prices.
02/06/2022
Mecum wins at Indy
Mecum's recent auction in Indianapolis saw a 27% increase in sales, reaching over $122 million, with a record-breaking sale of 18 Chevrolet Corvette Pace Cars in a single lot for $1.375 million. The auction featured two cars driven by Mario Andretti and Dan Gurney, selling for $2.2 million and $1.375 million respectively. The market for modern hypercars such as the McLaren Speedtail showed signs of saturation, with one going unsold at $2.5 million. Many Fords at the auction, including a 2016 Porsche Cayman GT4, showed considerable growth in value.
27/05/2022