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Bonhams Goodwood Revival sale 2016

By CSF Team | Classic car auctions & analysis | 0 Comments

Bargain is a relative term, but Bonhams’ Revival sale demonstrated that it is still possible to buy a great car for sensible money and it is a relief to see that it is still possible (or should that be “once again”) to find good value at auction.

Overall results were very similar to last year’s sale and the auction house’s performance over time illustrates the analogy that a little bit of air has been let out of the tyres of the classic car auction market – you can see the trend in the graph below.

Bonhams historical auction house performance

This can only be good news for enthusiasts and the results were encouraging despite a rain-soaked day at Goodwood.

Sales of note

Ferrari 275 GTB – RHD Classiche certified sold for £1.5 million prior to the auction. Reportedly sold to the trade – but why before the auction?

If you fancied a nice low mileage Ferrari 328 GTS there was one available and it sold under its estimate for a reasonable £86,620 inc premium. No need to worry about missing it as it is now available at Hexagon Classics for a still reasonable £119,995 – which just goes to show that the expert and well-informed bird gets the worm.

ferrari-328-gts

Ferrari 246 Dino GT – two owners, 25,000 miles. Very low estimate of £150,000 – £200,000. Sold on the hammer for £266,000 (£299,420 with premium). Sound good?

The Jaguar XK150 is a great classic to own and they don’t come any more exclusive than the 3.8S roadster (only 24 built). Bonhams offered what looked to a really lovely example which sold for £236,700 (inc premium) and we dare say the owner will be delighted with both the car and the price.

 

Porsche 550 RS Spyder – a new world record at auction selling for £4,593,500 inclusive.

Frazer-Nash Le Mans Replica – ex Roy Salvadori: sold with premium for £603,333.

Aston Martin DB5 – “used” is probably the best description and by all accounts a bit of a bargain at £455,100. The price leaves plenty of scope for any desired restoration – but let’s hope the new owner tries to keep it as it is.

aston-martin-db5-bonhams-revival-2016

Jaguar E-Type Series 1 3.8 “flat floor” roadster – freshly restored by XK Engineering and a price with premium of £253,500 shows there is life in the old cat yet. The car hammered at £225,000 – exactly its sensible mid-estimate price.

 

Results:

Total vehicle lots 84
Sold lots 59 70.24%
Unsold lots 25 29.76%
Sold over estimate 6 7.14%
Sold under estimate 33 39.29%
Sold in lower half of estimate 8 9.52%
Sold in upper half of estimate 6 7.14%
Sold in lower half of estimate or below 41 48.81%
Sold in upper half of estimate or above 12 14.29%
Sold at median estimate 0 0.00%
Sold within estimate – ACCURACY 14 16.67%

2015 results:

Total vehicle lots 83
Sold lots 49 59.04%
Unsold lots 34 40.96%
Sold over estimate 9 10.84%
Sold under estimate 25 30.12%
Sold in lower half of estimate 11 13.25%
Sold in upper half of estimate 2 2.41%
Sold in lower half of estimate or below 36 43.37%
Sold in upper half of estimate or above 11 13.25%
Sold at median estimate 1 1.20%
Sold within estimate – ACCURACY 14 16.87%

 

 

 

Full Goodwood Revival auction results and heatmap

Bonhams Goodwood Revival 2015 auction result heatmap

 

Bonhams Goodwood Revival sale 2016 results

 

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