Historics. Smart Formula

Those who don’t know otherwise, think that the world of historic car auctions is an exclusive club for jet-setters who meet in exotic locations and bid millions of pounds to take home some shiny trinkets. In reality, things are quite different: while it might be true that only the news of million-dollar sales arrives on TV, that is only the tip of the iceberg. Not to knock the spectacle of auctions, the truth is that, according to an analysis I did before the pandemic, over 85% of all classic cars sold at auction in the United Kingdom were sold for less than €60,000 (£50,000). Yes that’s a considerable sum, but it’s not much more than you’d pay for a new medium-large sized SUV.