The Alfa 8C 2300 stalls, the Ferrari sprints and the hearse survives

If you take a look at the results of the Bonhams auction, you could hardly be blamed for thinking the results weren’t exactly positive: sales totalled $8.1 million, roughly half those registered in 2019 (but we will explain why) and, despite 68% of the cars being offered without reserve, just 80.5% of the cars exchanged hands. Those with a reserve price couldn’t better 36%. Finally, of the 87 cars sold, just 28 (about a third) were sold at a price – including commissions – that was equal to or above their minimum estimate.