Classic car gallery auction at the Swiss Classic World Lucerne 2022 - German cars scored particularly well
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Summary
On May 28, 2022, the Oldtimer Galerie Toffen auctioned 41 automobiles with a total value of around CHF 3.3 million at the Swiss Classic World Lucerne. On average, the cars were over 50 years old and around a third were offered without a reserve price. 88% of the vehicles could be knocked down, although a good third of them only with reservations. A BMW 2002 Turbo, a Porsche 356 and a Mercedes-Benz 190 SL sold well, while other classic cars had a harder time. This auction report analyzes the results and shows the cars and the mood on site.
This article contains the following chapters
- Always popular: the Beetle
- Stuttgart cars with varying demand
- Cheap classics courted
- Young against old
Estimated reading time: 4min
Preview (beginning of the article)
The last time an auction was held at the Swiss Classic Worldclassic car fair in Lucerne was in May 2019. After the coronavirus break, the classic car gallery, based in Toffen, returned with 41 cars. On average, these were almost exactly 52 years old and represented a value of around CHF 3.25 million. An average of almost CHF 80,000 per car was therefore expected. After a good two hours, five cars (12%) remained definitively unsold, while 22 cars were knocked down without reserve and 14 with reserve. Around half of these "conditionally knocked down" cars are likely to be sold after renegotiation, which would result in a good sales rate of 71%. Cars were sold for almost exactly one million Swiss francs; ultimately, following renegotiations between the consignor and the highest bidder for the vehicles knocked down under reserve, a turnover of just over CHF 1.5 million should be achievable.
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