Tuesday 14 April 2015

NEC Restoration Show delivers!

Our second visit for Silverstone Auctions to the NEC Practical Classics Restoration Show resulted in an excellent sale totalling £2m with an 84% sales rate.

The eclectic mix of 'project restoration' cars as well as road ready classics were sold to a wealth of International buyers joining those in the room via both the internet and the telephone. The 2010 Porsche 911 GT2 RS, one of just 500 made, sold for £236,250, more than £30k over the original estimate to a buyer from the USA.

The 996 GT2 set a new benchmark for it's type selling for £86,625 as well as a rare BMW Z8 achieving £123,750 - an incredible £50k over lower estimate. The market for Ferraris continues at a pace with all cars selling well above upper estimate to buyers spread across the globe.

All Aston Martins sold well, not least an early 1971 V8 DBS for £79,875, which was £25,000 over lower estimate, while a 1980 V8 achieved £87,750. A restoration project Healey 3000 surprised some selling for £19,125 as did the Rolls Royce Corniche surpassing the guide price and selling for £23,625, still great value in the market today.

All said and done the sale was testament to a very strong market that is continuing to grow and quality classics continue to offer great fun and a more than worthwhile investment.

Entries for our next sale at Silverstone to take place on Saturday May 23rd are now invited. Please contact me personally to consign your car via www.silverstoneauctions.com

Meanwhile expansion plans at Nick Whale Motorhomes continues at a pace to cope with ever increasing demand, with an extension to our premises taking place now. More information and photographs to follow shortly.