Bonhams Greenwich 2023 - everything sold, some surprisingly cheap
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Created on June 5, 2023
, Reading time 3min
Text:
Bruno von Rotz
Photos:
Bonhams
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Summary
On June 4, 2023, Bonhams in Connecticut auctioned 88 vehicles from Alfa Romeo to Willys-Overland, including a few motorcycles. The special feature: All lots were offered without a reserve price. This enabled some bidders to get real bargains, but some cars also significantly exceeded their estimated value. Total sales amounted to USD 3.85 million, around 13 percent below expectations. This auction review analyzes the results and shows all the cars in the picture.
This article contains the following chapters
- Super classics tend to exceed expectations
- Many bargains
Estimated reading time: 3min
Preview (beginning of the article)
It is not every day that all vehicles are offered at a Bonhams auction without a reserve price, but on June 4, 2023, this was the case at "The Greenwich Auction" in Connecticut. 81 cars, five motorcycles and two tractors went under the hammer, including various restoration projects. An average of just under USD 50,000 per vehicle was expected, although super classics were also on offer. Of course, all vehicles were sold, and the average price was USD 43,638, around 13 percent lower than expected. Some of the bids were considerably lower (for a Ford truck, for example, only 17% of the median estimate), but some were much higher than expected.
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Current Market Prices (Selection)
Convertible, 231 PS, 5491 cm3
Coupe, 381 PS, 3496 cm3
Coupe, 381 PS, 3496 cm3
Targa, 381 PS, 3496 cm3
Convertible, 381 PS, 3496 cm3
4-Door Sedan, 279 PS, 5547 cm3
4-Door Sedan, 299 PS, 5491 cm3
Coupe, 272 PS, 5547 cm3
Coupe, 279 PS, 5547 cm3
null, 188 PS, 2932 cm3
Convertible, 239 PS, 4973 cm3
null, 180 PS, 2962 cm3