Classic Auction Review - all you need to know about Classic Car auctions

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Pre-viewed 1971 Jaguar E Type 5.3 V12 S3 Roadster V12 on wires makes £72,900 during CCA’s first 89% sold £2m ‘Live’ On-Line Sale

Apart from the £72,900 E Type S3 V12 Roadster and £57,200 S2 4.2 Roadser results, this was also a statistically good sale for Lotuses, all of which sold Saturday 27 June, led by an apparently well restored 1960 Lotus Elite Type 14 Climax Series 1, estimated at £50,000-60,000, which sold for £51,700 with premium. A low mileage and mint 2016 Elise 220 Toyota 1.8 supercharged in red made £25,800, top estimate money, and a similarly supercharged 2005 Exige S2 with rebuilt engine in yellow £22,000.
Looking like a Lotus XI in your rear-view mirror, but actually a really well executed in 2018 Westfield Eleven powered by a BMC 1380cc deservedly fetched a more than CCA estimate £23,650. The parts alone employed in its construction had cost £35,000.
A virtual saleroom notice health warning that the 3.4 engine might need rebuilding did not deter a buyer from spending £50,600, over £10,000 more than has been estimated, for an only two owner 1958 Jaguar XK150 Fixed Head with 37,925 mileage that had come to market after 45 years in current hands.
Particularly noteworthy was the way over guide performance of a 1970 Ford Transit Perkins Diesel Mk1 Van with distinctive ‘Pig Snout’ which made a snorting £28,600! A far more EU and over-priced coffee vending ready 1980 Citroen HY ‘High Top’ Van found a brave entrepreneur with £16,720.
Another -market-encouragng blip on the radar surely was the £21,120 valuation for a 23,000 mile 1971 Rolls-Royce Silver Shadow I, which had been stored for 15 years during 46 years of one family ownership. While a 1960 Borgward Isabella Coupe with Webasto-style sunroof and 37,197 mileage attracted interest from as away as Germany before selling in rural Warwickshire for the required £15,950.
Having been Category D insurance claim repaired and reinstated in its past did not prevent a UK supplied in 2002 Mitsubishi Evo VII EQ-300 from making £14,300 in there here and now, £4300 more than top estimate. An 'Armoured' 2006 BMW 550i E60 4.8 V8 Left-Hand Drive Saloon meanwhle that had cost the first bullet-wary owner £100k+ transacted for a discreet £11,550.
Wheeler Dealer presenter Mike Brewer’s 1960 Bedford CA ‘Martin Walter Farmers Utilabrake’ Van, a really rare 10-seater ‘running restoration project’, was taken on for £7480. The 1972 BMW 1602 2-Door Saloon with round tail lights owned by petrolhead Jay Kay since he was a learner-driver also required restoration and was bought by a second owner for £5280.
Although 14 lots were unsold, 11% of the 127 auctioned, 113 or 89% of 'Everyman Classics' offered did sell for £2,024,676 including premium, an average of £17,917 therefore being spent by absentee punters per vehicle bought.
While 15 or 13% of cars sold had been consigned by Gary Dunne and team at ‘No Reserve’ and were going to sell anyway, and 15 below estimate prices were accepted by the vendors of 17 or 15% more, not only did 49 or 44% sell for within their forecast price bands, but a further 32 or 28% made more than their top estimates.
Even more detailed analysis of what was announced by auctioneer Jonathan Humbert on-line at the time indicated that only two cars were bought on commission, 52 to absentee bidders on telephones and 59, the majority, to those who elect to do their shopping, even for high value items, on the two internet platforms. RH-E

For the most accurate reality scroll on what is really being paid for classics behind closed doors in the virtual world of on-line auctions can be yours, entirely free of charge, by clicking on to ‘Latest Prices’ on the home page menu-bar above.
Here you will see, in budget-friendly price order, just how much successful bidders have been spending during previous months to buy what classics, an abbreviated indicator for which also gives you some idea of their likely condition
And for faster insider gen on the virus-changing auctions circuit, best advice is click onto ‘More News’ below (or select ‘News’ on the menu-bar options) and scroll-down to scan recent transmissions. Whilst regular overviews of the auction market appear in ‘Market Commentary’. Thanks for your support.


 

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Welcome to truly independent market analysis that is refreshingly free from advertiser influence. A one-stop site that aims to do exactly what it says in the title. Review classic auctions to highlight which cars are selling, for how much and, most importantly, why. But also do so entirely free of charge.

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