Latest market commentary from CCFS auction analyst Richard Hudson-Evans
By Richard Hudson-Evans
Old Trafford built model T Ford motors to £13k result in first SWVA sale of year at Poole where market confidence boosting 89% of classics find new homes. £4k Fulvia magnetises much interest and all 5 Minis sell out.
The top seller at South West Vehicle Auctions first drive-through sale of the new season last Friday 27 January was a 1925-dated and originally UK built in RHD Ford Model T sold for £13,020 with premium. The Roadster for two to three up front with Pick-Up rear bodywork had been extensively restored with Swedish-built tub. The next oldest cars in the sale were an apparently sound Austin 8 with original upholstery from 1946, which realised £2993, and £2625 was accepted for a rare-ish 1963 Hillman Super Minx 1725 Convertible for four in weddings white.
Jaguar prices were headed by a restored 1968 2.4/240 sold for £7193 and £2100 bought a believed to be 109,000 miler 1997 XK8 auto. A 1971 Lotus Elan 2+2 with replacement chassis by Spider and Twin Cam converted for unleaded found £5670 and a Rolls-Royce Silver Spirit provided great deal of prestige motor car for the £5460 paid.
A couple of front-engined Porsches successfully crossed the block with an open 1990 944 S2 with power-hood costing £3413 and a 1981 924 with 5-speed box and Carrera GT body kit £1150.
Many had been magnetised by the chance of landing an ex-Malta and right-hand drive Lancia Fulvia 1.3 S2 declared registered in 1984. But by the end of its run through a packed auction hall, the forever head-turning Coupe had raised a more than double top estimate £4200. While another Italian also pulled here, the Alfa Romeo Spider in question, converted from left to right-hand drive by Bell & Colville when new in 1987, making £2100, mid-estimate.
There were buyers for all 5 Minis in the sale led by a 1967 Austin-badged Cooper Mk2 with Steve Harris rebuilt 998 engine, twin tanks and S brakes sold for £5355. £5303, mid-estimate money, was paid for a 1966 Mini Cooper 998 that had been re-bodied with a Mk2 shell and sported Cooper Team colours and a 1275 engine, and a 1999 Limited Edition ‘Mini 40’ with minor blemishes also made a within estimate £3938. A 1988 Mini Mayfair 998, unusually with auto-shift, raised a better then expected £2205 as did a just 8573m since 1986 Metro City X sold for £1325.
A £2415 1972 MGB GT on wires, without bumpers, was certainly cosmetically sharp and had been treated to an Ivor Searle engine in 2006. A rubber-bumpered era and seemingly unrestored 1979 B Roadster from the Isle of Man was picked up for £2573. While among the bargain basement sportscars, a 1975 rubber-bumpered MG Midget 1500 cost £1475 and another of 1978 vintage £1425, a 1970 Triumph Spitfire 1300 on wires £1325, and a 1971 MGB GT with overdrive and fresh MOT pass £1125. Although quite a reasonable looking 1985 BMW 628 CSI auto was acquired for £975, the Bavarian Express had been the subject of a declared Category C Insurance total loss at some time.
Having converted most of their provisionally logged bids into definite sales, SWVA eventually shifted 31 out of the 35 classics offered to achieve an 89% sale rate. In addition, there were also buyers for 3 out of the 4 bikes entered, a 75% hit rate, and one cherished registration, so that the buyers premium inclusive gross for the morning amounted to £104,178. The Dorset firm’s next auction in the classics sector is scheduled for April 27.
‘NO RESERVE’ SLEEPING MGB GT V8 FOR RESTORATION WILL BE AUCTIONED AMONGST FURNITURE IN MIDDLESEX SALEROOM
Amongst various goods and antique chattels in an upcoming sale of such things Thurday 16 February at Bainbridge’s Auction Rooms (situated just off the A40 Western Avenue along the B466 Ickenham Road, West Ruislip, Middlesex) is a 1973/4 MGB GT V8 euphemistically describes as being “for restoration”.
According to auctioneer Peter Bainbridge, who will be well known to many auction circuit regulars as being the former gavel wielder at Coys sales, as well as still a guest auctioneer at RM on both sides of the Atlantic, the “sleeping project” was laid up by the wife of an estate agent when unleaded petrol appeared on local forecourts and hasn’t been driven since. Although awarded a circa £1000 pre-sale estimate, the M-reg Coupe will be auctioned, he says, entirely “without reserve”. If you do want to check it out, saleroom postcode is HA4 7DL, and dog and bone 01895 621991.
For the first overview of what sells, for how much and, importantly, a take on why in the Paris auctions during Retromobile, tune in to this commentary spot, around the same time next week. Until then. RH-E