Vintage car gallery Gstaad auction 2019 - lots of interest, but some renegotiating to do
Summary
46 cars, three motorcycles and a tractor were offered by the Oldtimer Gallery on December 29, 2019 as part of an end-of-year auction in the festival tent in Gstaad, which has already become a tradition. The total value of the vehicles was around CHF 7.5 million, with an average age of around 48 years. Virtually all decades from the 1930s onwards were represented, but cars from the 1960s onwards were particularly sought after. Although the highest bids were mostly close to the estimated prices, almost half of the vehicles could not yet be sold on a binding basis; renegotiations are still necessary, but are likely to lead to a sale in around half of the cases. This auction report shows all the vehicles and summarizes the atmosphere on site as well as the results.
This article contains the following chapters
- Wide range of brands
- (Almost) all decades between 1931 and present
- Flagship Ferrari 250 GT Lusso
- The subsequently registered Monteverdi
- Surprising Studebaker
- Siffert's Chevron comes to the museum
- The risk paid off
- From the region for the region?
- Wolf (almost) in sheep's clothing
- Super classic not (yet) sold
Estimated reading time: 5min
Preview (beginning of the article)
The auction in the festival tent in Gstaad is already a traditional event and marks the end of the auction year. In glamorous Gstaad, where Roger Moore used to ski, it was time again on Sunday, December 29, 2019 and the interest was great. 46 cars, three motorcycles and a tractor went under the hammer between 17:00 and 19:40. The total value of the vehicles, including the subsequently registered Monteverdi, was around CHF 7.5 million (or EUR 6.8 million). The public was enthusiastic, with bids averaging 80 percent of the average estimate, which would also be a good figure internationally. However, the bids for many cars were below the (undisclosed) minimum price of the consignor, which is why 23 vehicles or 46 percent of the bid could only be accepted with reservations. Experience shows that around half of these lots are likely to be sold after renegotiations, which would increase the sales rate from 28 percent to around 51 percent.
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