Bonhams Amelia Island 2023 - too high a gamble?
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Summary
There was certainly no lack of variety in Bonhams' offering on March 2, 2023 at Fernandina Beach Golf Club, with a wide range of cars on offer, from the MG TC for USD 5,000 to the million-dollar Bugatti Type 57S, as well as other gems from the last 100 years of automotive engineering. With a sales rate of 77%, a good result was achieved, but half of the ten most valuable cars remained unsold. This auction review analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Jaguar ahead of Porsche and Mercedes-Benz
- A fifth of pre-war cars
- Bugatti masterpiece not sold
- A cheap Maserati 5000 GT?
- Varying levels of interest in Facel
- The contested rarities of the Hendricks Jaguar collection
- Super classics with varying demand
- Cheap cars
Estimated reading time: 5min
Preview (beginning of the article)
On March 2, 2023, the hammer fell at Bonhams as part of Amelia Island Week at Fernandina Beach Golf Club to sell 102 cars and some automobilia. The total value of the vehicles was almost USD 34 million, so each car was expected to fetch around USD 329,000. 53 percent of the cars were auctioned without a reserve price. 77 percent of the cars were successfully knocked down, achieving an average selling price of USD 158,604. However, only half of the ten most expensive cars found a new garage, which meant that Bonhams also lost a lot of revenue. This ultimately settled at USD 12.53 million. The good sales rate was of course helped by the fact that 53 percent of the cars were auctioned without a reserve price. On average, 84 percent of the median estimate was bid.
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