Bonhams London-Brighton Auction 2017 - old iron sells very well
Summary
It felt a little like an upside-down world. Willing bidders drove the prices for ancient cars from before the First World War to unexpected heights, in some cases almost three times the estimated value. A sales rate of 92% and sales prices that averaged 121% of the estimated value are something you don't see every day at auctions. But there was a good reason for the good results. This auction report analyzes the results and shows all the vehicles in the picture.
This article contains the following chapters
- Driving history
- 118-year-old high-flyer
- Expensive primitive cars
- All missing brands
- Vehicles offered and sold
Estimated reading time: 3min
Preview (beginning of the article)
It felt a little like an upside-down world. Willing bidders drove the prices for ancient cars from before the First World War to unexpected heights, in some cases almost three times the estimated value. Yet pre-war vehicles in particular are considered relatively difficult to sell these days. There was no sign of any reluctance to buy at Bonhams' Bond Street headquarters when 26 relatively primitive means of transport went under the hammer on November 3, 2017. They had been estimated at a total of around £2.4 million (EUR 2.7 million, CHF 3.1 million), making an average of £91,346 (EUR 102,212, CHF 117,885) per vehicle. However, an average of £95,836 (EUR 107,773, CHF 125,394) was paid, slightly more per car than expected.
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