After an unexpectedly buoyant few months through the early summer, it’s becoming obvious that the market is steadying itself. This is, we think, partly due to the pent-up post-lockdown demand having been satisfied; while some of us might have thought – and hoped – that COVID-19 would be a passing problem, it looks like it’s going to be with us for a while yet.
Because the possibility of a global pandemic wasn’t on anyone’s radar, it caught us all on the hop a little, and the growing financial implications – some of which we may not even have started to appreciate yet – are forcing some to change their buying or selling intentions.
What have we seen? Well, the demand for the best examples of any car remains strong which means the finest investment-grade cars are still finding homes at excellent prices; there are always sufficient numbers of collectors with access to capital who can maintain demand here, whatever the price level. [Any definition of ‘best’ can be debated ad nauseum, but here we are talking about the superb provenance, low-
mileage, gorgeously original, unmolested highest-quality restoration cars. Witness the liquid-yellow Clio V6 we sold recently for £52,000, which we believe to be a record…]