Bonhams at the Goodwood Revival 2014 - expensive racing legends
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Created on September 15, 2014
, Reading time 9min
Text:
Bruno von Rotz
Photos:
Bonhams
75- Bonhams
51Chip Reigel - Bonhams
17Jim Holgrave - Bonhams
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Summary
On September 13, 2014, Bonhams once again hosted an auction on the occasion of the Goodwood Revival. 107 vehicles were offered, 68% successfully sold for around £15 million (EUR 18.7 million, CHF 22.5 million). The star of the auction was the 1935 Lagonda LG45R "EPE 97", which fetched around two million euros or CHF 2.4 million. This report analyzes the results in detail and shows pictures of some of the cars on offer.
This article contains the following chapters
- Confirmed Lagonda, valuable pre-war racing car
- Disappointing Abarth
- High flyer
- 34 cars unsold
- Detailed results
Estimated reading time: 9min
Preview (beginning of the article)
It's hard to imagine a better setup for an auction than the annual highlight of the Goodwood Revival, isn't it? The right audience is definitely there, but the auction also has a serious rival in the form of the racing action on the circuit, because who wants to miss one of the exciting races on the circuit? Well, be that as it may, Bonhams could not complain about a lack of interest and if you add up the sales result, cars were sold for almost 15 million British pounds (Euro 18.7 million, CHF 22.5 million). 68% of the lots found a new owner, who paid an average of £202,847 (Euro 255,587 or CHF 308,327) for them (including commission). On average, the vehicles were sold almost exactly at the estimated price, with a commission of 12% (from 50,000) on top. From this point of view, Bonhams could be more than satisfied with the results, if it weren't for the 32% of lots where the bids did not reach the expected amount.
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