Anglia Auction Results
We are well and truly in to 2019 and the Classic Car Auctions are rolling. One of the first out of the blocks is Anglia Classic. We take a look at the Results and see if we can predict where the market in 2019 is heading. Wish us luck.
Lot 92. A 1980 Mini Van restored and, in the process, modified to look like an earlier 60’s model. These are always a good market indicator in our view. This one got off to a cautious start, selling for £11,000.
Lot 35. This very nicely restored Austin 1800 from a deceased estate sold well for £4,500. We didn’t quite know what to expect, but we didn’t expect that! If that makes any sense at all. Very nice usuable classic.
Lot 210. This smashing 6 CWT Moggy Pick-Up in very fine fettle grabbed a lot of attention. This one came from a Private Collection and had clearly been well cared for right down to the detailing on the wheels. Sold. £12,300.
Lot 211. Nothing to dislike about this BMW 2002. Very nicely presented with a good file of documents supporting the good condition. Sold. £19,000.
Lot 161. A rare BMW E9 in RHD. One of only 200 made. It had previously had £22k lavished on it, including body, engine, suspension and brakes. The Market wasn’t luvin’ it. Didn’t sell. Hmmmm….
Lot 80. A Daimler Sovereign Coupe 4.2. From the documents the car appeared to have been stored and used very infrequently over the past decade. No worse the wear for it. It came with a fresh MOT. It all looked bright and ready to enjoy. We’ve seen these sell in excess of £20k. This one was all done at £15,000. Another sign of a cautious market?
Lot 193. A 1964 Ferrari 330GT. This particular car was part of larger Danish private collection of cars being sold by Anglia. The collector imported this from the USA some time ago. Ferrari kindly confirmed build and details. We’ve witnessed a handful of these rather special GT’s in very nice condition sell in 2018 for as “little” as £90k, all the way up to £160,000+. Although the engine in this one didn’t run it did turn! The interior – always the most eye wateringly expensive bit, after the engine, needed considerable attention. Bearing in mind some cautious previous sales, where would this Ferrari end up. There was no caution whatsoever with this 330GT. Sold. £147,000. A remarkable price for a car that could seriously diminish your bank balance.
Lot 127. A Lotus Cortina Mk1. Time to get excited, right? A one owner car, with documents and Heritage Information from the Lotus Cortina Club. It’s getting better! This Lotus had been barn stored since 1985. All good so far. However, around 2016 the barn collapsed under the weight of its own expectations and finished up on top of the car. This is the result. These are very special cars. We’d normally expect Lotus Cortina’s in good condition to fetch anything from £50-60k. This one needed a lot of love and a great deal of cash. One brave buyer threw caution, and perhaps a bit common sense out of the window. Sold. £26,000. We found that difficult to make any sense of?
Lot 223. A very cheeky little Thames Van. Five owners, handbooks with the van, a new engine fitted a few years back, MOT history and only 56,000mls on the clock. Vans always make a premium. We expected this little gem to be no different. Sold. But it struggled to get to just over £8,900 including fees. That looked cheap.
Lot 194. A Maserati 3500GT. What is not to like? This was also from the Danish Collection. Sadly, some heathen had taken the original engine out, binned it and replaced it with Corvette V8. Very nice, if its in a Corvette, but what lunatic does that? What’s more, at the time of sale the ‘Vette engine didn’t start, but did turn over by hand. Oh, that’s okay then. It didn’t turn some buyers off. Sold. £55,000. We looked on. Our flabber was a little ghasted…
Lot 39. Back to reality. A lovely Mercedes R129 300SL Auto. The mileage is warranted at 59,000 and comes along with lots of Service Stamps. We tipped these in our 2018 Market Review. This one sold. £7,200. Still a bargain, but prices are creeping up.
Lot 98. A 1966 “Racing” MG 1100. The most fun you can have with your clothes on? We’ve no idea what you lot get up to in your spare time so only you know the answer to that, but we think its close! Sold. £12,200. Look at it outpacing the Saab!
Lot 62. Triumph TR4. Is this the best looking car Triumph ever made? This comes with twin 42 DCOE’s. four branch, MOT history and a good few quid spent recently. Even though we are easily impressed this was quite impressive. Sold for an impressive price too. £22,000.
Can we draw any conclusions from one of the first auctions of 2019?
The data from the results presents a mixed picture. All the 18 project cars from the Danish Collection sold. We highlighted just two above. In our view, they sold for incredibly good, some might say mad, sums of money. We wouldn’t necessarily disagree with the latter. Both the cars we spotted were true, thoroughbred classics. Yet, in our view cars of this pedigree in this condition very quickly turn in to huge money pits. The prices paid therefore may indicate the market is buoyant. It could be a couple of mad one-offs.
If we drill a bit further in to the data, we find a true British icon. The Lotus Cortina Mk1. As you can see, this great car had a great big barn fall on it! In ordinary terms this Lotus was worth anywhere from £45-65k. Conservatively, this car needed upward of 30k spent on it and a whole lot of love. We’d put a contingency of 10k on that too. It sold for a couple of grand under £30,000. Two or three years ago we’d say these prices were overheating, but today. Maybe just over confident buyers?
Keep digging. A rare BMW E9 3.0 CSl. These are great, great cars. In recent years, their rarity has seen prices rise steeply. But this one didn’t sell at the Guide Price of over £50k. The market wasn’t prepared to over-pay? Sensible in our view.
Vans. The vans always sell at premium to the same model cars. No, we admit, we don’t fully get it either. Two examples. A Thames van and a Mini Van. Both sold under what we would have expected. Not massively, but given the madness above, we’d reasonably expect a couple of everyman classics to make a small premium. Not the case. Very sensibly buyers were being sensible.
So, what do we have? We haven’t a clue! We have a couple of crazy sales. Some good cars that sold well. Good cars always do. And the rest sold in to a cautious but sensible market. On to the next Auction!