FINANCE ENQUIRY

Bonhams Goodwood Festival Of Speed sale 2015 preview

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

Lots – 88

Estimated value – £16.6-£20.7 million

Bonhams’ annual Festival of Speed Sale is always popular, not least because it ties into one of the biggest and best events of the year. It also typically represents a pretty complete cross section of cars and this year is no different.

The headline acts are Sir Stirling Moss’s Porsche RS-61 spyder (which he paid $1.7 million for in 2010) and the Aston Martin Works Ulster “LM19” both of which will open doors to some of the world’s great motoring events.

Bonhams are offering celebrity owned cars courtesy of Rolling Stone Bill Wyman and James May.

There a 14 Jaguars available with a large number of E-types and a handful of XK120’s – it will be interesting to see how condition and provenance affect the buyer’s valuation of the XKEs and just what people are willing to pay for an XK120 right now – they generally look like good value in the market but there are some big ticket items that are not alloy bodied.

A number of Ferraris are on offer with varied history – what the market will make of an Enzo + two other modern Ferraris (recovered by the National Crime Agency and sold under the Proceeds of Crime Act, with the proceeds of sale going towards the public purse ) with limited history is unknown but we are betting a low mileage, Japanese-import 550 Maranello will make more than it should. There are an appropriate number of Testarossa’s and even a fibreglass bodied, dry-sumped 308 – more elegantly referred to as “vetroresina”.

 

Porsche are also well represented with a selection of cars from across the eras although the most interesting is a RHD 1973 911 2.4 S which has been kept in the same family since new which has been subject to what is rather confusingly described as:

“a sympathetic, ‘ground upwards’ rebuild to concours standards, while at the same time retaining as much of the car’s acquired patina as possible. The 911’s history and provenance were deemed too important to simply make the car ‘as new’, and the result is an intoxicating blend of old and new, correct in every detail.”

 

Estimate – £250,000 to £300,000. Punchy.

Porsche 911 24S

Also available is a long-term owned UK Audi Quattro SWB estimated to reach £200,000 – £250,000 and best of all the legendary Mercedes-Benz CLK GTR roadster (£1.4-1.8 million) which might set a precedent for perceived values on modern hypercars. Buyers in the EU will be subject to VAT @ 20% on this lot…..

The sale will give us a useful mid-season insight into buyer sentiment right now and  topically whether a Greek default has any effect on it.

Bonhams Festival Of Speed sale 2015

 

Click on the Pinterest link below to view all our “cars of interest”.

 

Follow Classic and Sports Finance’s board Bonhams Goodwood Festival of Speed Sale 2015 on Pinterest.

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