Classic Car News
All of our listed classic car news articles are displayed below, click on a listing for full details.
If you are a fan of Austin Sevens, Richard Edmonds auctions are always a good place to start looking. This week they have two real rarities, a Speedy and a Swallow Two Seater.
The line up for the next ACA sale on Saturday 3rd November is building nicely and includes another super low mileage car, this time a 1981 MG B Roadster LE with just 238 miles on the clock. That sort of mileage is hard to beat and the car if in mint original condition should definitely command a big premium.
If you are a fan of commercial classics, the next Cheffins sale is a must. They have a fantastic selection of pickups, vans and lorries on offer, many of which are extremely rare indeed.
Looking at the auction results of recent weeks there is no doubt that good cars with the right provenance are still making the right money, but outside of that we are seeing weakness with lots of cars remaining unsold. On the retail and trade market we are seeing lots of cars sitting on the market and having their prices tweaked lower due to a lack of interest.
The proliferation in auctions house in recent years mean there are just not enough weekends in the year to prevent clashes of dates which is a shame as both CCA and Matthewsons provide sales with lots of cars to choose from. That said undoubtedly there will be enough punters to share between the two on Saturday and given that the market is still reasonably buoyant, we would expect both sales to achieve good results for the right cars.
We believe Bonhams Beaulieu sale at the weekend generated a record result for an unlikely car given the current market in pre war cars. The car in question was a 1925 pram hood Austin Seven Chummy which according to the Bonhams narrative had been the subject of a meticulous £20,000 restoration.
It is generally acknowledged that low mileage original cars are the prize classic to own above a fully restored car. You can't beat originality and the Rover P5 which Coys will be offering at their next sale at Fontwell House on the 6th September looks to tick every box having been in the same family since new and with less than 10,000 miles on the clock.
With the summer holidays rapidly drawing to a close the auction season will return into full swing mode and next weekend's ACA sale is a good place to start. As usual it is a jumbo sized sale with lots of very different cars on offer.
Values of several makes and models are starting to firm up after years in the unloved doldrums. The Rover P6 3500 is one such example.
There is no doubt that the market is weak at present across many makes and models but what is clear is that a car that ticks all of the boxes will still command a big premium. That was certainlt the case on Friday when a 1968 Triumph Herald 13/60 with just 28,000 miles on the clock sold for £9,100 plus the 8% buyers premium.
Picking through the results of the Bonhams Goodwood sale suggests a mixed picture. All of the headlines are focusing on the £10m plus paid for the 1961 Aston Martin 'MP209' DB4GT, and the almost £2m paid for the DB5 that featured in the Goldeneye film, but elsewhere the £450k paid for a 1967 Aston Martin DB6 Vantage Volante or the sub £500k for a DB5 plus a number of no sales and sub £200k prices for Ferrari Dino 246GT suggests prices are well off the top for a number of key makes and models.
The Historics team are no doubt still updating the sale prices on their website, but the initial indications are that the football might well have kept some punters away. Among the no reserve cars there appear to have been bargains galore if you turned up.
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