Bonhams Quail Lodge 2018 - Record prices for MG TC and Porsche 964
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Summary
134 cars worth almost USD 70 million went under the hammer at Bonhams at the Quail Lodge in Carmel on August 24, 2018 during Pebble Beach Week, including one of the coveted Ferrari 250 GT SWB, but also quite affordable everyday classics. With a sales rate of over 80 percent and average hammer prices in the lower estimate range, Bonhams did well in the current market environment, even though the SWB failed to sell, with a top bid of USD 8.7 million. On the other hand, there were record prices for other cars that were hardly expected. This auction article analyzes the results and shows all the cars in pictures.
This article contains the following chapters
- Porsche, Ferrari and Jaguar
- Ferrari 250 GT SWB not sold
- Mixed results for pre-war vehicles
- Talbot Lago with Saoutchik body sold
- High-risk E-Type festival
- Lotus as a bargain
- Superclassics with mixed results
- MG TC with sensational result
- All but three Porsches sold
- Vehicles offered and sold
Estimated reading time: 5min
Preview (beginning of the article)
134 cars worth almost USD 70 million went under the hammer at Bonhams at Quail Lodge in Carmel on August 24, 2018 during Pebble Beach Week. An average of USD 505,000 was expected, but an average of USD 416,000 was bid, i.e. around 82% of what was expected. A total of 109 cars (80.7%) were sold, 26 were left standing. The good sales rate was also supported by the high proportion of 53 percent "no reserve" lots. With 25 cars, Porsche was by far the best-represented brand. It was followed by Ferrari (15, incl. 1 Dino) and Jaguar. With 8 MG, 3 Rolls-Royce, 3 Aston Martin and 2 Lagonda vehicles, Bonhams demonstrated the auction house's British roots.
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