TWO EXCITING AUCTION RESULTS: BONHAMS AND ARTCURIAL
With the Goodwood Festival of Speed Sale and the Artcurial Motorcars Sale in Monaco, two important auctions in the field of classic cars took place last week. Of course we observed the events for you and are happy to share our impressions and our highlights of the auctions with you:
30.06.17 – Goodwood Festival of Speed Sale (Bonhams)
Within the Goodwood Festival of Speed, Bonhams celebrated their 25th anniversary of the “Festival of Speed Sale“. With a few exceptions, their main focus was on real classic cars. This pre-selection was rewarded with a good sales quota (80%).
Overall, the market seems to have stabilized at a high level. Jaguar E-Types, Mercedes 300 SL as well as cars from the brands Porsche and Aston Martin claim their status as genuine classic cars – in which to invest is still worthwhile. They’ve consistently been in demand for over 10 years and are still achieving above-average prices – despite critics, who only see a speculative bubble in the historic automobiles market. Exotical cars – among others Ferraris – currently do not seem to be experiencing any further increase in value.
The highlight of the auction was certainly a 1973 Porsche 911 RS 2.7 Lightweight – being one of the first 500 ever made. Estimated at a price range between 800,000 and 970,000 Euros, it finally changed owner for 945,618 Euros.
02.07.17 – Artcurial Motorcars Sale in Monaco
“To all car enthusiasts looking for something special” – is how the French auction house Artcurial labeled its automobile auction in Monaco. Presenting a wide range of qualitative and historical diversity, classic vintage cars, they additionally exhibited some special vehicles to be admired.
With an alleged sales quota of approximately 60%, the auction appears clearly weaker than the current market average as well as – and in direct comparison to – the auction house Bonhams at the Goodwood Festival of Speed on the same weekend. It was conspicuous that even distinct beauties such as the Maserati 3500 GT Spyder or the Lamborghini 350 GT were not sold at all.
The majority of auctioned cars were offered at a range of 20,000 to 120,000 Euros. Of particular interest was the price that a Mercedes-Benz 190 E 2.5-16 Evolution II (EVO II) achieved. Estimated at 50,000 to 80,000 Euros, it finally swapped its owner for 138,000 Euros. A blockbuster of a special kind, on the other hand, was the price achieved for the 1974 Porsche 911 Carrera RSR 3.0. Estimated at between 1.4 million and 1.6 million Euros, it actually achieved a whopping price of 1.77 million Euros! This proves once again that Porsche’s special series produced in limited editions still seem appealing to collectors who are willing to pay high entry prices.
Even Porsche “modern classics” (youngtimers)”, such as the 964 Jubilé Model, have already achieved prices of 138,000 Euros.