Historics at Ascott 2-3-19

Historics Classic Car Auction Results

Will the Brexit chaos cause calamity or will there be Brexit bonus of bargains. Let’s find out.

We do love the Historics Auctions. There is always an inclusive mix of vehicles from the mundane to sometimes, the frankly mad. This time the latter came in the shape of a World Record Speeding Milk Float. Being the top team they are at Historics there were loads in between. Running through the entire 170 lots as always is a sense of quality. Let’s see how they did.

Ford Granada Ghia Coupe

Lot 118. A 1975 Ford Granada in rare Coupe form. This Granada has under gone a near fifteen year restoration. In some areas, maybe the resto got out of control? But each to his own. Underneath the bling was still a great car. This different kind of resto may have held back the price a little. It sold for £11,760.

Triumph TR6

Lot 135. This stunning 1968 TR6 was originally registered in Los Angeles but returned to its spiritual UK home in 1992 to a Mr True of Norfolk, couldn’t make that up could you! He commissioned a very extensive restoration with invoices amounting to £30k. It has since covered only 1,000miles. We guess after lashing the cash, Mr True was truly terrified to drive the car? It sold for £24,000.

Jaguar XJS Le Mans

Lot 143. We’re reluctantly to say we told you so….but hey…we did tell you. XJS prices are on the up. This 1991 V12 Coupe is no exception. In superb Signal Red, from long term ownership with low mileage after spending time in storage, the car was majestic. Sold, quite correctly, very quickly, for £25,000. Don’t say we didn’t tell you.

Jaguar MKII 2.4

Lot 149. No Evoke Classics auction review would be complete without a Mk II Jag. This Review is no different. The beautifully restored 1968 MK II has had near-on £70,000 spent on it over a ten year period. It looked as good as it did the day it left the Coventry Factory. Sold. £28,000. Definitely a Brexit Bargain in our view.

Peugeot 205

Lot 158. A true hot hatch of its time a Peugeot 205 GTi. We often get asked what to look for when buying a classic car. There are many things, but if you had to choose only one, we always say, provenance. This car had it in spades. The car was bought in 1998 from a London Dealership by a prominent F2 Driver who lived in Monaco, as you do if you’re an F2 Driver. The car then spent its entire life shuttling from Monaco to Monte Carlo and back, as one does. There was also long periods in storage. All authenticated. It would be hard to find better provenance. Sold. £23,000.

Porsche 944 Turbo Cabriolet

Lot 161. Again, you cannot say we didn’t tell you. A Porsche 944 T Cabriolet. These cars are not just fabulous, but fabulously good value. As we predicted that will not last. This was a two owner car, the last one for 21yrs with just 61,000mls. It had a Guide Price of £25-£30,000, which we thought looked good value. Sold for £25,000. Stunning, stunning value. The lucky new owner bought very well indeed.

VW Camper T2

Lot 210. Another stalwart of the classic car scene, the VW T2 Camper Van. Registered in 1974 it was subject to a very lovely restoration. There was some very interesting bidding on this. The Guide Price was set at £22-27,000. One bidder was on-line, another in the room. Let battle begin. Boy, did they battle. The hammer threatened to fall at least four times, as one or other of the bidders appeared to be out but them came back in. They both fought hard to win that Camper. Between them they chased the price up to a magnificent final price of £36,000! We felt sorry for the losing bidder who clearly wanted that Camper, but equally, £36 grand? The perils of auction fever!

Triumph Stag

Lot 217. Not many Triumph Stags come to market with a warranted mileage, so this 1978 Mimosa Yellow Stag was always likely to grab some interest. The car looked smashing clearly being kept in very good order. Once the bidding got started a series of telephone bidders began a pitched battle that was very lively. The hammer felt a smidgen under £14,000. Persistence paid off.

MGB Roadster

Lot 233. A rather splendid little 1964 MGB Roadster. Restored around 14 yrs ago it still wore that resto well. A bit of a skinny doc pack but we all know how popular these fab cars are, this one didn’t disappoint. The bidding started enthusiastically at around £6,000 and rocketed up very quickly ending at £12,600. It’s good to see the real value of these cars being recognised. We thought this cracker was cheap.

Mini Cooper Sport

Lot 240. A 2000 Rover Mini Cooper Sport. Is this a classic? Is it a modern classic? Or is it just an old car?  Our opinion is, well, we’re not sure. Either way, our opinion, as always, counted for little on the day. The car was offered at No Reserve. We thought it would sell for maybe around £5k. How wrong we were. Sold. £14,560. Gotta be the sale of the Auction?

Talbot 10 Sports Tourer Quarter

Lot 250. No doubting the status of this beauty. Truly a classic amongst classics. A 1936 Talbot Ten Sports Tourer. It came with original factory documents and amazingly the car only had four owners in 82yrs. It had a Guide Price of £9-13,000, quite rightly it smashed that Guide to smithereens selling for £24,640. Probably our favourite car of the sale. We wish we’d bid now.

 

Summary

Brexit bonus or Brexit boredom?

Not surprisingly with so much uncertainty around it is still hard to judge just where the market is. A few clear indicators are emerging though. At the top-ish end of the market, six figures and above, sales are cautious. It would appear there are fewer people prepared to part with that kind of money and those that are prepared are very discerning buyers. At the fun end, £5-20k bracket, the market looks good. Don’t get us wrong, that is still a wedge of money to hand over, but it seems like there are decent amount of people prepared to part with their hard earned wedge.

In between those numbers it is hard to get a clear view or what is happening. Good cars will always sell. Take the P205 and the Talbot as examples. Like a few others, the Porsche 944 Turbo Cab did not manage to break out of that lower range, which surprised us a little.

Overall though our view is positive to upbeat. Additionally, we think we some buyers holding back, therefore in our view this is a fabulous opportunity to grab a bargain or too. Do not get auction fever, be calm, but this is a great time to get stuck in. Business as usual for us.

See you all at the next Auction.

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