The two-day auction by Iconic Auctioneers on February 23 and 24, 2024 was actually supposed to take place as part of the "Race Retro" event, but this had to be canceled at short notice due to bad weather and torrential rain. As a result, the auctioneers had to reschedule and move the auction to the Silverstone Circuit. Automobilia, racing and collector's vehicles went under the hammer over two days.
This report refers exclusively to the "Collectors' Cars", which were auctioned on Saturday, February 24, 2024 in the afternoon. A total of 65 vehicles, including a motorcycle, worth £4.64 million were on offer.
55 percent sold
In front of a small audience, which thinned out considerably towards the end of the auction, the collector's vehicles, which were on average 37 years old, were presented in around three hours and 55 percent of them were sold. In total, a turnover of £ 2.42 million was achieved, i.e. £ 78,723 was paid per vehicle (including surcharge/commission).
On average, 83% of the median estimate was bid, so the highest bids were actually quite fair in most cases, but expectations were often higher.
Jaguar, Ford and Land Rover
With eight Jaguars and six each from Ford and (young) Land Rovers, British manufacturers made up the largest contingents, if Ford UK is anything to go by.
While all the Fords were sold, only two of the eight Jaguars managed to do so.
Three of the four Porsches and all of the BMWs also found new owners, while no Lotus or Mercedes-Benz managed to attract high enough bids.
Run on two Sierras and an M3
Two 1987 Ford Sierra RS500s went under the hammer at Silverstone.
While £92,250 (EUR 107,9333, CHF 103,320) was paid for number 266, number 406 even fetched £123,750 (EUR 144,788, CHF 138,600), not least thanks to a freshly overhauled engine. Both cars and a replacement engine in mint condition went to the same collector.
In the wake of the Sierras, other Fords also found new owners for good prices. The Escort Mk2 RS Mexico from 1976, for example, was sold for £46,125, while an RS 2000 "Custom" from 1980 fetched £45,000.
However, it was not only Ford Evo vehicles that achieved high prices; an impressive price of £ 258,750 (EUR 302,738, CHF 289,800) was achieved for a BMW M3 E30. However, this was a barely driven restomod M3 from "Redux".
Successful Peugeots
Iconic was able to sell three Peugeot 205s. The most expensive was of course the Group B evolution 205 Turbo 16 from 1984, which found a new garage for £ 227,250 (EUr 265,883, CHF 254,520).
Good prices were also achieved by a 205 GTi 1.9 Special Edition from 1990 at £ 42,500 (EUR 49,725, CHF 47,600) and a normal 205 GTi 1.9 from 1991 for £ 20,250 (EUR 23,693, CHF 22,680).
In the shadow of the Group B Peugeot, a left-hand drive Opel Manta 400 was also auctioned off, which a fan was able to snap up for £ 90,000 (EUR 105,300, CHF 100,800).
A Sunbeam Lotus impresses
A Talbot Sunbeam Lotus Series 2 from 1982 sold well above expectations.
Instead of the expected £ 35,000 to £ 40,000, the new owner was prepared to invest £ 56,250 (EUR 65,813, CHF 63,000) for the rear-wheel drive compact car.
Jaguar below expectations
On average, the classic Jaguars only achieved 75% of the median estimate, which is no wonder, as only one of these cars was sold. The early E-Type from 1961 and the late Series 1 Roadster from 1967 looked quite appetizing, but the bids were nowhere near enough to sell them.
The only Jaguar to be sold was an F-Type Project 7 (with 71 miles on the clock).
Ronnie Peterson's Lotus not sold
At the very end, an interesting car came under the hammer because of its previous owner. It was a Lotus Elan +2S 130-5 from 1972, which was once driven by GP racing driver Ronnie Peterson.
The late family coupé with a five-speed gearbox should have fetched £50,000 to £60,000, but none of the interested parties wanted to offer more than £42,000. The car was therefore still available.
Overall, Iconic Auctioneers certainly suffered from the relocation of the auction and thus also from a lack of potential buyers. While some classics were left standing, younger cars from the eighties and nineties in particular still managed to shine.
Offered and Sold Vehicles
The following table lists all offered and sold vehicles with estimated prices, highest bids, and sale prices. The price conversion was made at the exchange rate valid on the auction day. All information is provided without guarantee.
| Lot | Car | Year | £ Est from | £ Est to | £ HP | £ SP | CHF SP | EUR SP | % Est | S |
|---|---|---|---|---|---|---|---|---|---|---|
| 901 | Volkswagen Karmann Ghia Sport Edition* | 1973 | 22'000 | 26'000 | 22'250 | 25'000 | 28'000 | 29'250 | +4.17%
|
V |
| 902 | Ford Lotus Cortina Mk1 | 1968 | 35'000 | 40'000 | 33'000 | 37'125 | 41'580 | 43'436 | -1%
|
V |
| 903 | Mercedes-Benz 190E 2.3-16V Cosworth (W201) | 1985 | 38'000 | 44'000 | 30'000 | N | ||||
| 904 | Mercedes-Benz 300SL (R107) | 1988 | 40'000 | 45'000 | 31'000 | N | ||||
| 905 | Chevrolet Corvette C6 | 2007 | 20'000 | 25'000 | 18'500 | 20'812 | 23'309 | 24'350 | -7.5%
|
V |
| 906 | Subaru Impreza P1 | 2000 | 45'000 | 55'000 | 59'000 | 66'375 | 74'340 | 77'658 | +32.75%
|
V |
| 907 | BMW M3 (E93) Convertible | 2012 | 30'000 | 35'000 | 24'000 | 29'667 | 33'227 | 34'710 | -8.72%
|
V |
Möchten Sie alle Auktions-Ergebnisse sehen?
All information is provided without guarantee.
Legend: Column S = Status (V = Sold, N = Not sold, Z = Withdrawn, U = Under reserve)
Est = Estimate, HP = Hammer Price, SP = Sale Price
