Classic Auction Review

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

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$2.64m (£2.14m) Ferrari Enzo becomes highest priced classic to sell at On-Line Only Auction and $2.31m (£1.77m) i-bid buys 288 GTO

RM Sotheby’s first-ever classics auction specifically curated by its specialists for their On-Line Only platform grossed $16.31m (£13,142,160 with premium). After bidding time had run out, 115 or 60% of the 193 collector grade automobiles offered had sold and an average of £114,280 had been spent per classic.
The one week 21-29 May 2020  process saw sales led by an as-new 2003 Ferrari Enzo, which achieved $2,640,000 (£2,138,400 with premium) to become the most valuable car sold in a dedicated On-Line Only collector car auction to date (the heading image by Karissa Hosek © 2020 Courtesy of RM Sotheby's)
One of 400 built, Enzo chassis 13303 had been previously owned by two California-based enthusiasts, having resided within the first owner’s collection until 2018. The hypercar packed an impressive amount of power thanks to its purpose-built Tipo F140B 651 bhp V12, which rocket-launches two groundnauts to 60 mph from standstill in just 3.3 seconds with 218 mph top speed potential. Regularly serviced and only exercised for 1,250 miles, the still as-new supercar had been optioned with rare two-tone racing seats with red 3D cloth inserts.
Additionally, the Friday session saw a 1985 Ferrari 288 GTO sell for $2,310,000 (£1,871,100). Optioned with factory air con and electric windows, the race-bred 23,550k FHC in Red, of course, had been originally delivered to well-known Ferrari collector Hartmut Ibing and had changed hands only twice before being auctioned On-Line.
Thursday’s sale headliners were a 2017 Ford GT in Triple Yellow with Lightning Blue stripes, which achieved a final $836,000 (£677,160) and a beautifully restored, matching-numbers, one-of-50 1958 Ferrari 250 GT Coupes with rare coachwork by Ellena, which sold for $671,000 (£543,510). While an essentially brand new 2020 Ferrari 488 Pista Spider, stunningly specified, highly optioned and showing less than 90 miles, fetched $605,000 (£490,050).
As an antidote to the world leading coronavirus death toll in the largest market for classics and much reactive rioting in cities across the US to televised police homicide in Minneapolis, this sale, and these confidence-inducing valuations, did at least provide some much needed escapism for socially-distanced petrol heads most of whom have only been able to take exercise on their computers. RH-E

Be aware that the most accurate reality check 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’ (during April) on the home page menu-bar above. The May prices will be input shortly.
Here you will see, in budget-friendly price order, how much successful bidders have spent to own what models, an abbreviated indicator for which gives you some idea of their likely condition.
And for much the fastest 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.


 

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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.

For unlike most of the terminal-bound media, C.A.R. comment aims to be far better informed from physically checking out the metal in the field. For before pressing any keys, we drive the miles to provide consumers with a fake news free take on market reality.

Wandering mice will find no ‘asking prices’ that are not necessarily being achieved here. Only regular on-line reviews (both latest and previously published ones) reporting and commenting on market movement in independently monitored public auctions. In short, the only reliable valuations resource in the UK for potential buyers and vendors as well as all those in the auctions, funding and litigation business.

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We thank all our 'supporting' auction houses for their belief in the independence of our platform and urge you to click-check what lots they have consigned in their upcoming sales.


  • C.A.R. BACKED FISHER WINS FF1600 CHAMPIONSHIP

    Classic Auction Review congratulates Josh Fisher on winning the 2019 Castle Combe FF1600 Championship in the C.A.R. supported 1999 Van Diemen RF99/JL14 run by Wayne Poole Racing.
    With victory at the Grand Finals Day round on 14 September, 2008 and 2017 Champion Fisher has therefore secured his third FF1600 title for WPR with 6 wins, 3 seconds and a third place at the West Country circuit.
    Our thanks to Swindon Powertrain for building a race winning engine, the WPR crew for preparing a car that has achieved a 100% finishing record and, of course, to photographer Mike Stokes for digitally capturing the action.

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