A steady car sale for Silverstone auctions which hinted at the future of the market – Porsche remains strong as do the right Ferraris as buyers begin to look further afield than the Prancing Horse and other more obvious choices.
What did well?
Porsche 930 Turbo LE – £142,000 + premium (estimate £120-140,000)
2002 Aston Martin DB7 Vantage – £45,000 + premium ( estimate £35,000 – £40,000). Strong money but only 11,000 miles
1989 DeTomaso Pantera GT5-S – £140,000 + premium for a UK, RHD Pantera (estimate £100,000 – £120,000). Do these have a limited shelf life given the relative obscurity of the manufacturer today?
1942 Ford GPW ‘Willys’ Jeep – we’ve always said it, there is a growing market for ex-military vehicles. This car sold for £32,500 + premium against a top estimate of £22,000.
1968 Austin Mini Cooper S MKII – £34,000 + premium against an estimate of £22,000 – £25,000.
1990 Mercedes-Benz 190 E 2.5-16 Evolution II – £89,500 + premium against a top estimate of £75,000.
Of the marques sold, Porsche had a good weekend. The Porsche 911 Martini Turbo (see our guide to the 911 Martini Turbo here) sold for what we believe is around the right price at £66,000 + premium.
What didn’t do so well?
Mercedes-Benz and Pagoda roofed SLs in particular didn’t reach the prices anticipated and there were plenty to choose from. Enthusiasm for modern Ferraris was a little muted with some low mileage cars – previously the darlings of the sale rooms – going unsold.
1996 Ferrari F355 Berlinetta – unsold
1989 Ferrari 328 GTS – unsold. 1,600 miles, ex-Mohamed Al-Fayed and Australian specification
2007 Ferrari F430 Berlinetta F1 – unsold. Only 3,000 miles
1972 Ferrari Dino 246 GT – unsold
1991 Porsche 964 RS – unsold. We’re pretty sure the hammer went down on this car but it is showing as sold on the website. Sale to a dealer looking for price protection?
Patterns and trends
Take a look at the auction house performance graph below and you will see that more cars are selling outside the estimate which indicates that predicting sale values is getting tougher and that the best cars are still performing well. The best stock is getting thinner on the ground.
Silverstone Auctions historic performance remains very steady (see graph below)
|Sold over estimate||14||14.74%|
|Sold under estimate||32||33.68%|
|Sold in lower half of estimate||8||8.42%|
|Sold in upper half of estimate||9||9.47%|
|Sold in lower half of estimate or below||40||42.11%|
|Sold in upper half of estimate or above||23||24.21%|
|Sold at median estimate||2||2.11%|
|Sold within estimate – ACCURACY||19||20.00%|
|Left hand drive cars||30||31.58%|
Images courtesy of Silverstone Auctions.