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The British economy maybe in the tank, yet some people, it seems, still can’t get enough of luxury goods in the UK, including classic cars.
This past Saturday (October 22) at the Historics at Brooklands auction, the mood was buoyant as the largest collection of vehicles ever assembled at this fall auction saw a 65 percent sell through rate.
In particular, British offerings proved popular, with 13 Jaguars crossing the block, including a cluster of XK-120s, one of which (shown above) proved to be the star of the event, selling £67,000; significantly above original projections (£37,000 – £42,000).
Other highlights included an ex London Metropolitan Police 1962 Daimler SP250, which originally served as a chase car and sold for £39,500 and a 1973 Rolls-Royce Phantom VI hearse with coachwork by Mulliner Park Ward, which went under the gavel for £24,600.
Yet what was interesting about this auction, besides the numbers was the percentage of first time buyers as well as the number of relative bargains. There was a whole fistful of cars that went for less than £10,000, including machines as varied as a 1949 Bristol 401 (£7,250), a 1934 Hotchkiss Carbourg (£6,250), a 1977 Jaguar XJ6 Coupe ( £6,000), a 1974 MGB GT V8 sold (£6,750) and a 1969 Morris Mini Cooper S Mk II which sold for (£9,750).
In addition, a number of restoration projects were up for grabs and drew strong buyer interest indicating that many in attendance were actually there for the cars and not just looking to make an investment.
In reference to the event, Historics’ Auction Director Edward Bridger-Stille remarked that: “It demonstrates that our customers still crave that satisfaction derived from either owning an eminently usable classic car, or becoming immersed in a hands-on restoration project. With over 500 people attending on the day, our customers continue to show their support, and we look forward to delivering another excellent offering of classic and collectible cars at our Spring sale in February.”