Sale rates from Monaco to Dorset decline as more reserves are not being met

IMG_9551.JPG
Richard Hudson-Evans

Richard Hudson-Evans

Sale rates in public auction are the most accurate barometer of the true state of the classic car market and, although there have been some recent exceptions, the current trend would appear to be less cars auctioned are selling - and, where they do sell, most achieved prices are below the pre-sale estimates that were established often several months ago.

For the same weekend as the Goodwood Festival of Speed, where Bonhams sold 70% of the 86 cars in their Friday sale catalogue and 26 of them did not sell, there were buyers for only 52% of the 122 Artcurial cars on the Sunday in Monaco and 59 were unsold.

Whereas the following weekend at Brooklands, 101 of the 128 classics consigned by Historics changed hands in Surrey during a 79% sold Saturday session, although 27 of the reserves set by vendors were too much for the registered bidders, more than 200 of whom were competing for cars on-line. By the Wednesday afternoon at Leominster in Herefordshire however, while 75 of the 123 cars in the Brightwells sale sold, 48 of them did not, and on Saturday afternoon at palatial Blenheim in Oxfordshire,  both attendance in the Coys tent and obvious sales certainly ‘appeared to be’ well down on past pitches at the stately Oxfordshire venue.

The next day during Sunday trading in Dorset at the ‘Classics at Sherborne Castle’ event, there were buyers for only 38% of the 55 cars in and around the Charterhouse tent, from where 34 unsold cars had to be trailered back from whence they came. The following Tuesday in Surrey, 21 more classics did not sell at Sandown Park, where Barons sale rate was 48%, although the premium-inclusive prices paid for 15 of them did exceed their pre-sale estimates. Among market encouraging movers, a much viewed and restored 1970 Jaguar E Type S2 4.2 FHC sold for a £6700 more than top estimate £51,700, and a mint and upgraded 1964 Jensen CV8 for £48,950, again £950 above the guide.

The greater number of lower sale rates may just be a holiday time blip, of course. Although such a glut of unsold cars could be a timely reality check for auction car reserves, so many of which are now no longer achievable.

Recently Added

50239 1Sponsored Ad
1965
€12,900
S
  • 38,344
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1106347
Getint glas, Toerenteller, Volvo P1800 van bouwjaar 1965 welke wij importeerden vanuit Amerika. B...
70
0031 594 516604
View details
20566 1Sponsored Ad
1970
€10,900
E
  • 162,267
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1041895
Getint glas, Lederen bekleding, Volvo P1800E welke wij hebben gevonden in Amerika en vervolgens h...
28
0031 594 516604
View details
46313 1Sponsored Ad
1967
€7,950
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1098210
The paint of this Imperial is in a good condition and the chrome shines nice. The interior is in...
19
+49 2822 5375 722
View details
Dscn2553Sponsored Ad
£27,495
  • 130,800
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1092877
We are pleased to offer this beautifully presented example of an under-rated but appreciating cla...
25
01420 408 122
View details
1970 e type dc 1Sponsored Ad
1970
£65,995
FHC
  • 87,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1107313
1970 Jaguar E Type Series 2 FHC Manual. Signal Red with Black leather interior. Chrome Wires. Web...
14
01200 469 179
View details
50657 1Sponsored Ad
1987
£Auction
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1106867
Offered for sale is a 2.0L 1987 Ford Sierra RS Cosworth manual that has been with the current own...
3
01926 321 945
View details
49745 1Sponsored Ad
1965
€34,950
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1105687
This Mustang is a real man's dream. Beautifully executed in white with black interior, he is just...
30
+49 2822 5375 722
View details
50893 1Sponsored Ad
1951
£22,950
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 N/A
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1107131
The most prolific of the 'T' Series MGs, the TD appeared in 1950 and was the enjoy a three year p...
5
01420 408 120
View details
50892 1Sponsored Ad
1929
£16,500
ARROW
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 N/A
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1107130
The 'Arrow' model was the design of a Mr G F Simmonds, who was Secretary of Cambridge University ...
7
01420 408 120
View details
50891 1Sponsored Ad
1930
£48,500
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 N/A
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1107129
Sunbeam motor cars of the inter war years were noted for their high quality. Introduced late in 1...
9
01420 408 120
View details
See All Classic Cars for Sale