Has the trend reversal arrived? Are classics becoming cheaper again?
There are a lot of rumors in the scene and there are always augurs predicting that the bubble in the classic car trade will burst.
In fact, there have been increasing signs recently that things are unlikely to continue with annual increases in value of ten or twenty percent. Anyone who takes the trouble to analyze the sales results at auctions in 2015 will see that even in past auctions, previous best values were often at best equalled, but hardly surpassed. Adolfo Orsi and Raffaele Gazzi have published some nice graphics on this in their Classic Car Auction Yearbook . Market observers have also been whispering to us for some time that they are already writing down prices for certain vehicle types in their listings.
Nonetheless, there were also surprising increases in value in 2015: we saw the Porsche 930 Turbo become more and more expensive and the Alfa Romeo Montreal also seemed to awaken from a long lethargy.
Of course, you only really know how a trend will develop years later, but what is certain is that even more classics were sold for even more money at major auctions in 2015. And that very good money is still being paid for special examples.
This could also be seen yesterday in Toffen, when the Oldtimer Galerie auctioned 116 vehicles. Both a Mercedes-Benz 280 SE 3.5 Coupé and a 300 SEL 6.3 in very good condition achieved top prices and the estimated price for a Jaguar 3.8 S was even exceeded by almost 40 %.
We have of course already evaluated all the results and published them in an auction report with lots of pictures and a table of results.
