Despite worsening inflation and retail figures, CCA still sell 77% of classics

Richard Hudson-Evans

Richard Hudson-Evans

While the business of Government has been democratically paralysed by the electorate pencilling their primitive X in the wrong boxes, CCA defied the economic malaise that has depressed most sectors in post-Election UK by selling 77% of the 158 classics for £1.8m in a very well attended 5¾ hour Saturday afternoon session at the Warwickshire Event Centre.

Another market confidence boosting stat in Leamington Spa was that 21 of the 122 sellers out-performed their pre-sale estimates – notably,   a Lambo Countach 5000S ‘Evocation’ with Lexus 4.0 V8 in the tail making £50,050, £25,050 more than forecast. While a freshly imported 1970 280SL Merc fetched £62,700, £7700 above guide, a 1978 Daimler Sovereign lwb £36,520, £6520 more than expected, and a 1991 Honda NSX manual £41,250, £5259 over estimate.

A 1997 BMW E36 M3 Evo Cab with matching hardtop sold for £12,980, £4980 more than the up to £8000 that had been forecast, and £20,350 was forthcoming for a 1989 XJS V12 Convertible, £4650 above estimate. A remarkably original 1982 BMW 635 E24 CSI motored well, too, out-performing a forecast £25,000-30,000 to sell for £34,320, while a 1990 190E Cosworth 2.5-16 with £10,000-12,000 on the screen went for £15,950. A 1968 MGC GT auto with Webasto-roof sold for £23,650 to overtake its estimate by £3650 and a 1989 Lotus Esprit Turbo, estimated at £10,000-12,000 and the subject of a pre-Categorised insurance claim, fetched £13,750, £1750 over guide.

But although Sterling invoiced classics have never been better value for those paying in dollars or euros, few foreign languages can be heard in the salerooms or on the phones as most popularly priced stock continues to be bought by those natives who still have the balls to consume.

For other than classic cars, of course, most alternative destinations for taxed income have never been less attractive as even the inadequate returns from safe and boring ISAs are more than wiped out by the reality of the latest inflation figures. For due to the increasing cost of imports and foreign hols following the Brexit vote, UK inflation rose from 2.7% in April to 2.9% in May, the highest savings-eroding stat for four years. May retail sales meanwhile softened in sympathy by 1.2%.

Land-locked property investments are too costly, complicated and long-term for most gamblers with modest means and only risky equities, it seems, have been outperforming other Indices. The S&P Global 1200, for instance, has put on 1.78% in May and has grown in value by 9.41% year to date, dividends being a bonus for long-termers.

 

On Election Day itself, and before any exit poll predictions had destroyed the prospects of a Tory landslide, 76% of the classics in and around the DVCA auction tent pitched in the Athelhampton House gardens had sold for £237,805 with premium. The star turn in deepest Dorset was a Hong Kong sourced 1964 Jaguar E Type S1 3.8 Roadster project, some of it in boxes, taken on for £80,300.

 

Whilst even after the reality of a Hung Parliament and the prospect of a change of far from stable Government driven by a permanently damaged PM had been digested by stakeholders in UK plc, Barons also did well to sell 40 classics, 61% of the 66 cars in their Sandown Park catalogue, for another £389,390.    

Recently Added

A4 silver 2.8 quattro 008Sponsored Ad
2000
£2,295
  • 89,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1086837
Audi A4 2.8 Quattro Sport Tiptronic Saloon
28
07860 215636
View details
P1240077Sponsored Ad
1994
£16,995
  • 2,998
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1082720
** NOW SOLD ** 1994 Rover Mini Cooper 1.3 SPI in British Racing Green with a white roof, mirrors ...
23
07967135037
View details
1968 wolseley 1300 automatic farina grey 1Sponsored Ad
1968
£6,995
  • 27,500
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1093015
1968(F) Wolseley 1300 Mk1 4-speed automatic. Farina Grey with Reef Blue leather interior and wood...
24
01277 365415
View details
1998 bmw z3 1.9 convertible arctic silver 11Sponsored Ad
1998
£4,295
Roadster
  • 40,500
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1050921
1998 BMW Z3 1.9i Roadster convertible in Arctic Silver with Black leather interior, 5-speed gearb...
13
01277 365415
View details
1Sponsored Ad
£2,795
  • 17,300
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1100054
12 months MoT, VGC, throughout drives excellent, this is a nice P38 and sensibly priced. Fully do...
6
07860527820
View details
Dsc 0378Sponsored Ad
1966
£24,500
289
  • 99,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1089177
The Ford Mustang was the original Pony car and was introduced in April 1964 which came in two var...
14
01424 870600
View details
47364 1Sponsored Ad
1988
£Auction
320I E30
  • 113,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1100070
The BMW E30 was produced by BMW from 1982 to 1994. The initial models used the Coupe body style. Fou
6
02381 247 805
View details
47476 1Sponsored Ad
2010
£33,995
  • 28,500
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1100069
With only 28,000 miles on the clock, and beautifully presented in the combination of Frost Blue w...
5
01798 849 279
View details
46008 1Sponsored Ad
2015
£POA
90
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096570
2015 Land Rover Defender 90 Autobiography (RHD) for sale in London Unused Delivery mileage only F...
32
0208 226 3044
View details
47474 1Sponsored Ad
1986
€23,950
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1100068
If you need space, you need a Suburban. This Chevrolet Suburban is in a excellent condition. Th...
30
+49 2822 5375 722
View details
See All Classic Cars for Sale