Thursday 26 May 2016

Strong May Sale


Silverstone Auctions hammered £3.2m worth of classic cars on Friday 20th May at Silverstone Circuit, achieving an excellent 70% sales rate for vendors. Interest was strong across the board but only the 'best of breed' cars are finding new homes. The market is now more selective and prices are finally starting to level with a definite bias towards later classics from the 1980's and 1990's shining through.

Highest price paid was for the 1984 Lamborghini Contact 5000 S which sold for £281,250, followed by the last of line Contact Anniversary selling for £241,875. Not to be outdone by its expensive brethren, the only other Lamborghini - the 1988 Jalpa 3.5 Targa - also sold for £58,500.

Italian exotica delivered well when a rare 1964 right hand drive Alfa Romeo 2600 Spider made £30,000 over it's original estimate selling for a fantastic £82,688, and an equally rare Maserati Sebring series 1 excelled at £196,875.

Also noteworthy was the Mercedes-Benz190SL achieving £101,813 and the 280SL Pagoda selling for £60,750. Rare and genuine Mercedes-Benz models providing a solid and reliable investment, as well as a solid and reliable classic to drive.

The ex Prince Naseem Subaru Impreza 22BSTi  (one of just 400 worldwide) sold for a solid £73,125 and the collector markets favourite brand - Aston Martin - continued to stretch values with the 1955 DB2/4 selling for £151,875, the DBV8 Volante selling for £137,250 and the DBS V8 Series III selling for £82,800.

The Silverstone Auctions team now heads this coming weekend for a two day sale  (May 28/29th) in Aarhus, Denmark,  for their first European event, with a further 100 classics - mostly left hand drive -  to tempt our European buyers from Scandinavia and nearby Germany.

Our Motorhome team continue to excel themselves as the 'Show' season is now in full tilt. The same weekend as the May Sale detailed above saw our Motorhome team over at the Newbury Show and selling no less than 8 motorhomes to discerning new buyers.

Its a busy time of year for the Nick Whale team and long may it continue!