Silverstone Auction results – Autumn Sale 2014
Silverstone Auctions offered an eclectic mix at their Autumn Sale with some great value buys – we take a look at the results and give our analysis.
After their biggest sale to date at Salon Privé, Silverstone auctions were back concentrating on their specialist niche – 70’s and 80’s cars in the £40,000 – £120,000 bracket. There were some interesting lots with potential for bidders to snap up a real bargain and many of them did just that.
Of the six Porsche lots 50% failed to sell but there were bargains to be had from the cars that did. A nice looking 2.7 RS replica sold on the hammer for just £23,000 and a 912 Outlaw made just £14,500.
With no less than five 308’s for sale and a 412 GT all the Ferrari’s sold. The 308’s looked to offer great value compared to some of the prices on the open market with a 10,000 mile, three owner GTS QV selling for £77,ooo on the hammer – even with the premium you’d pay similar money for something with a lot more mileage. A LHD 308 GTS (mileage unknown to us) sold for £31,000 + premium. All but one on the Ferrari’s sold for in or under estimate.
Of the nine Mercedes lots , nearly 70% failed to sell or sold under estimate but what looked-to-be a superb 560 SEC sold for £28,000 + premium, nearly 30% over top estimate. The Pagoda SL’s failed to make their expected mark which reflects the volume of cars available and high asking prices.
The best of the rest
A nice looking Daimler SP250 Dart sold for £31,000 which looked a decent buy as the car seemed in good order and prices have been pushed up by recent sales results. Two Aston Martin “barn finds” – A DBS and a Series 3 V8 – sold to two brave buyers (if they intend to embark on a restoration). A Citroen SM and a Lancia Delta Integrale Evolution 1 failed to sell.
So – what’s the verdict?
Some good buys amongst this lot. In line with the market levelling out, Mercedes, Porsche and Ferrari failed to hit the estimator’s mark in general but prices are still strong. Interestingly, the sentiment on social media for many lots was that they represented strong money when in actual fact they tended to represent the market as it actually is today. We would guess this is due to most buyers only monitoring the market periodically when they buy a car – rather than our constant and extended monitoring of classic car values.
Click on the image below for a full table of auction results and heatmap