New challenge for auction houses

Distancing and lockdown leads to creative ways for buyers and sellers to get together

GT
Browse pages
Current page

1

Current page

2

Current page

3

Current page

4

Current page

5

Current page

6

Current page

7

Current page

8

Current page

9

Current page

10

Current page

11

Current page

12

Current page

13

Current page

14

Current page

15

Current page

16

Current page

17

Current page

18

Current page

19

Current page

20

Current page

21

Current page

22

Current page

23

Current page

24

Current page

25

Current page

26

Current page

27

Current page

28

Current page

29

Current page

30

Current page

31

Current page

32

Current page

33

Current page

34

Current page

35

Current page

36

Current page

37

Current page

38

Current page

39

Current page

40

Current page

41

Current page

42

Current page

43

Current page

44

Current page

45

Current page

46

Current page

47

Current page

48

Current page

49

Current page

50

Current page

51

Current page

52

Current page

53

Current page

54

Current page

55

Current page

56

Current page

57

Current page

58

Current page

59

Current page

60

Current page

61

Current page

62

Current page

63

Current page

64

Current page

65

Current page

66

Current page

67

Current page

68

Current page

69

Current page

70

Current page

71

Current page

72

Current page

73

Current page

74

Current page

75

Current page

76

Current page

77

Current page

78

Current page

79

Current page

80

Current page

81

Current page

82

Current page

83

Current page

84

Current page

85

Current page

86

Current page

87

Current page

88

Current page

89

Current page

90

Current page

91

Current page

92

Current page

93

Current page

94

Current page

95

Current page

96

Current page

97

Current page

98

Current page

99

Current page

100

Current page

101

Current page

102

Current page

103

Current page

104

Current page

105

Current page

106

Current page

107

Current page

108

Current page

109

Current page

110

Current page

111

Current page

112

Current page

113

Current page

114

Current page

115

Current page

116

Current page

117

Current page

118

Current page

119

Current page

120

Current page

121

Current page

122

Current page

123

Current page

124

Current page

125

Current page

126

Current page

127

Current page

128

Current page

129

Current page

130

Current page

131

Current page

132

Current page

133

Current page

134

Current page

135

Current page

136

Current page

137

Current page

138

Current page

139

Current page

140

Current page

141

Current page

142

Current page

143

Current page

144

Current page

145

Current page

146

Current page

147

Current page

148

Current page

149

Current page

150

Current page

151

Current page

152

Current page

153

Current page

154

Current page

155

Current page

156

Current page

157

Current page

158

Current page

159

Current page

160

Current page

161

Current page

162

Current page

163

Current page

164

Current page

165

Current page

166

Current page

167

Current page

168

Current page

169

Current page

170

Current page

171

Current page

172

With lockdowns and social distancing in full swing, it’s not a great time to be an auctioneer. One of the first classic car sales to be affected by coronavirus was Gooding and Co’s ‘Passion of a Lifetime’ collection, postponed a fortnight before its April 1 date in London.

The collection had the potential to gross £45m-plus. If it was as successful as hoped, it would have been a timely fillip to the market.

While Gooding had no option but to postpone – the American firm had chosen Somerset House as its venue – other UK auctioneers have managed to keep moving.

Both Bonhams and H&H, for example, quickly adapted to the situation by offering restricted, by-appointment viewing and

holding sales behind closed doors with bids being made remotely. The drive-through format of Bonhams MPH sale at Bicester Heritage was maintained through a livestream.

H&H was no longer able to hold its sale at the Imperial War Museum, Duxford, due to the closure of the building to the public. But it swiftly moved the admin element to the Red Lion pub at nearby Whittlesford Bridge and arranged walk-around videos of each lot, which potential buyers could rely on for evaluations before bidding remotely.

For the time being, this type of format could be the new normal. Credit must go to the auction houses for acting swiftly, so let’s hope buyers still bid enthusiastically…

 

2006 Ford GT. Sold for $553,000 R.M. Sotheby’s

Values of the Ford GT fell off a cliff during the financial crisis of 2008, with some savvy cash buyers snapping up low-mileage, pre-owned models for as little as $100,000 (£83,000). Now the best ‘standard’ GTs often change hands for three times as much, with really special examples – such as this one (above) – fetching even more. In addition to being one of the 343 Gulf-liveried ‘Heritage Editions’ produced in 2006, the car had recorded a mere 2.4 miles from new. How, one wonders, could the owner resist driving it?

 

1993 Toyota Supra. Sold for £25,875, Silverstone Auctions

Believe it or not, the vendor of this 627bhp Japanese rocket was a 74-year-old club racer. Up, running and ready to go – complete with a Brian James covered trailer on which to transport it – the car offered an easy route to an array of motor sport events.

 

1938 Rover 10 Special. Sold for £11,480, Historics

A well-built pre-war special can be a delight to own and drive. Based on the chassis of a Rover 10 saloon car, this special was built to its current spec over 20 years ago using simple, inexpensive parts. It looks the part while being far easier and cheaper to maintain than a pedigree 1930s car.

 

1986 Peugeot 205XT. Sold for £2813, Silverstone Auctions

With an array of rallying extras that included harnesses, race seats and a full roll cage, this mechanically almost standard 1.4-litre Peugeot offered an excellent entry into club competition. The bodyshell appeared to be rust-free, and a new exhaust system, recent brake job and long MOT meant little need for immediate spend.

 

1967 Meyers Manx. Sold for $456,000, Bonhams

Yes, it is that dune buggy, the Meyers Manx which was driven by Steve McQueen, as the star of 1968’s The Thomas Crown Affair. The Manx was built with his input. After filming, it was bought by a Lincoln dealer in Hawaii where it remained for decades before the Manx was then treated to a ‘platinum quality’ restoration before the sale.

 

1997 Porsche 911/993 Carrera SA. Sold for £110,880, Historics

The values of classic Porsche 911s have dipped, but not in the case of the best and most original examples, such as this 993. The last air-cooled 911, the 993 remains as exciting and usable today as it did when launched. This car was as good as new, registering just 16,613 miles. 17 official Porsche services pointed to a pampered life.

You may also like

Related products