Oldtimer Gallery Toffen Fall Auction 2023 - German luxury in demand
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Created on October 15, 2023
, Reading time 7min
Text:
Bruno von Rotz
Photos:
Oldtimer Galerie Toffen
96Bruno von Rotz
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Summary
86 cars and nine motorcycles were auctioned off on October 14, 2023, alongside some automobilia for over 5 hours. 54% of the vehicles were sold immediately, and around 65% will probably be sold after some renegotiations. The diverse range of vehicles from 43 manufacturers and spanning ten decades led to some surprises that not everyone would have bet on. And there were also some really cheap cars to buy. This auction review analyzed the results and shows the mood and cars in the picture.
This article contains the following chapters
- Vehicles from ten decades
- German luxury in demand
- Less demand for Italian classics
- Open-top Brits in the doldrums?
- A wide range of US vehicles
- Some interest for "bread-and-butter"
- Exotics with a headwind
Estimated reading time: 7min
Preview (beginning of the article)
The October auction at the Oldtimer Gallery in Toffen is as much a part of autumn as the falling leaves, the lower temperatures and the shorter days. On Saturday, October 14, 2023, the time had come again and Serge Stotzer opened the auction punctually at 13:30, assisted as always by Beat Walti, who provided the English translation. 86 cars and nine motorcycles as well as some automobilia went under the hammer, the vehicles together were worth less than CHF 3.6 million, 38% were offered without a reserve price. A total of 51 vehicles (54% of the offer) were knocked down and sold immediately. A further 26 vehicles were knocked down "subject to reservation"; these are still subject to renegotiation, which will ultimately lead to a sale or withdrawal of the vehicle. The closer the highest bid was to the estimated value, the higher the chances that the trade will take place after all. Taking into account many years of experience, it can be assumed that the number of cars sold will increase to around 62 to 64, which should result in a sales rate of 65 to 67%. However, Serge Stotzer, Beat Leu and the entire Toffen team still have some (negotiating) work ahead of them before that happens.
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Current Market Prices (Selection)
Coupe, 408 PS, 5987 cm3
Coupe, 301 PS, 4988 cm3
4-Door Sedan, 408 PS, 5987 cm3
4-Door Sedan, 408 PS, 5987 cm3
4-Door Sedan, 394 PS, 5987 cm3
4-Door Sedan, 394 PS, 5987 cm3
4-Door Sedan, 582 PS, 7297 cm3
null, 394 PS, 5987 cm3
null, 394 PS, 5987 cm3
4-Door Sedan, 394 PS, 5987 cm3
4-Door Sedan, 394 PS, 5987 cm3
Convertible, 394 PS, 5987 cm3