Silverstone Auctions know their target market.
Two years ago at Salon Privé they upped the ante and offered a selection of cars which didn’t quite fit with that market. They have since returned to what they know best and they delivered to that target market in spades at Salon Privé 2016.
The stand out feature of the auction was the sheer number of low mileage modern classics. Quite where they find them all from only Nick Whale and team know, but if you are one of the number of collectors and investors who are trying to explore (or exploit) this segment then you hit the mother lode at the Salon Privé sale.
In terms of overall performance 2016 was in many ways an improvement on the 2015 results. The sell-through rate was down by 5% but the sale gave a great indication of the confidence in the UK auction market. It also demonstrated that collectors & investors are now circling the more affordable modern classics market and we expect to see more surprises in this sector.
Mercedes – Benz 190E 2.5-16 Evolution 2 – £202,500 with premium. Only 885 miles and sold at the lower end of it’s estimate – the seller was probably expecting more but still an awful lot of money for an investment classic.
Porsche 930 Turbo – £171,000 with premium. 31,000 miles, one registered keeper, described as original
Porsche 930 Turbo SE Flatnose – £146,250 with premium. UK car with 54,000 miles, recently repatriated from Hong Kong.
Jaguar XK150 3.4 S DHC – £189,000 with premium. Recently fettled by J.D Classics. XK150s are enjoying a good run at auction the moment.
Audi Quattro Turbo 20v – £64,130 with premium. 16,000 miles.
Ferrari 500 Maranello – £180,000 with premium. 1,977 miles. UK, RHD, manual car originally delivered to the Isle of Man. This looks like a relative bargain if all is in order.
Ferrari 550 Maranello – £93,380 with premium. 55,600 miles. UK, RHD manual.
Lamborghini Jarama S – £129,380 with premium. Originally a UK but shipped to Australia in 2008. Subtly modified.
Lotus Esprit Turbo SE “High Wing” – £48,380 with premium. 1,800 miles
Jaguar E-Type Series 3 roadster – ” Boycie’s E-Type” – £115,880 with premium. Automatic transmission. Used in an episode of Only Fools & Horses.
Aston Martin Vanquish S – £135,000 with premium. 3,892 miles, 2 owners. Potentially a great buy for the new owner.
Mercedes-Benz SL60 AMG – £56,520 with premium. 13,500 miles, 2 owners
The numbers
Results
| Total lots | 67 | |
| Sold lots | 44 | 65.67% |
| Unsold lots | 23 | 34.33% |
| Sold over estimate | 7 | 10.45% |
| Sold under estimate | 19 | 28.36% |
| Sold in lower half of estimate | 7 | 10.45% |
| Sold in upper half of estimate | 6 | 8.96% |
| Sold in lower half of estimate or below | 26 | 38.81% |
| Sold in upper half of estimate or above | 13 | 19.40% |
| Sold at median estimate | 0 | 0.00% |
| Sold within estimate – ACCURACY | 13 | 19.40% |
2015 Results
| Total lots | 111 | |
| Sold lots | 79 | 71.17% |
| Unsold lots | 32 | 28.83% |
| Sold over estimate | 7 | 6.31% |
| Sold under estimate | 49 | 44.14% |
| Sold in lower half of estimate | 13 | 11.71% |
| Sold in upper half of estimate | 0 | 0.00% |
| Sold in lower half of estimate or below | 62 | 55.86% |
| Sold in upper half of estimate or above | 7 | 6.31% |
| Sold at median estimate | 0 | 0.00% |
| Sold within estimate – ACCURACY | 13 | 11.71% |
| Left hand drive cars | 24 | 17% |
Click here for full results with estimates and heatmap.
Images courtesy of Silverstone Auctions.
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Silverstone Auctions Salon Privé sale 2016 – results & analysis
By CSF Team | Classic car auctions & analysis | 0 Comments