FINANCE ENQUIRY

Bonhams’ Bond Street Sale – litmus test for future values?

By Edward Legge | Classic car auctions & analysis, News | 0 Comments

Bonhams’ 30th November Bond Street sale has some mouth-watering cars on offer, but it’s what they could tell us about the classic car market in 2015 that really makes it interesting…

Bonhams have the art of the  high quality, low volume auction nailed – we like to call them “capsule auctions” as in many ways they represent the market as a whole – and the Bond Street sale could almost be a collection on its own. With a selection of cars that don’t come to the market that often being offered at a time of year when classic car sales are traditionally slow, conditions are ideal for cars to achieve realistic market vale rather than some of the prices bid during the super-charged excitement of the summer season.

The cars

With 29 automotive lots (two are motorbikes) worth an estimated £12 million, that makes the average value around £400,000. And boy, there are some interesting cars to choose from. Race cars, 80’s supercars, conversions, re-creations, classic Italians – all the food groups are represented. Additionally there is a wide variance in originality and history. 35% of the lots are left hand drive and a number are recent visitors to these shores. Italian cars are flooding into the UK at the moment due to the economic climate and there can be question marks over title and history – we would advise detailed research before purchasing. It is also noticeable that some of the lots have, in some cases, only been owned for a matter of months before being put up for auction. What isn’t included in a car description can tell as much as what is.

Will buyers insist on originality? Will Ferrari continue its price charge? It’s been a while – what will a 288 GTO make at auction? All we can tell you now is that the post-sale analysis should be fascinating – we’ll have a breakdown of the results and full analysis for you on Monday.

Ferrari Dino – previously owned by Elton John. Will celebrity ownership enhance the value?

Ferrari Dino previously owned by Elton John

Bentley 4.5 litre – owned for the last 20+ years by a Bentley Drivers Club member.

Bentley 4.5 litre

Ferrari 275 GTB “long nose” alloy bodied – part of the Maranello Rosso collection and very original

Ferrari 275 GTB Longnose alloy bodied

Ferrari 365 GTB/4 “Competizione” conversion – “revolving door ownership”, some question marks over title, exact specification unknown.

Ferrari 365 GTB4 competizione

Porsche 959 – Swedish registered. Used to commute between Stockholm and Bologna.

Porsche 959

Ferrari 288 GTO – one owner, service history limited. Monaco registered – with an MOT…

Ferrari 288 GTO

Porsche Carrera RS – one of the big winners in the values stakes.

Porsche 911 2.7 Carrera RS

Bentley R-type Continental – current owner since June 2014.

Bentley R-Type Continental

Austin Healey 100S – campaigned successfully in recent years and plenty of action in the hands of gentlemen drivers in period

Austin Healey 100S

Brough Superior – legendary superbike but lacking the history of “Old Bill”

Brough Superior

Aston Martin DB4 Vantage to GT specification – a re-creation worked on by all the right people. What will a lack of originality do for it?

Aston Martin DB4 Vantage to GT specification

Ferrari 250 GT – prices of the GT have shot up in recent months after a one-off auction result of £700,000

Ferrari 250 GT
1991-92 Benetton-Ford. Ex Piquet, Brundle & Schumacher

Benetton-Ford

Images courtesy of Bonhams

 

 

No Comments

Sign up for the latest market updates

Keep up to date with all the latest industry news - direct from the Classic and Sports Finance team to your inbox.

Thank you for signing up to the latest market updates.

LATEST TWEETS

Car