Aston Martin V8 - Yours For £6k At The FoS
PH Auction News: No, we didn't buy anything...
Six grand for this? Bargain of the century, surely...
As decades of motoring history screamed and bellowed their way up the hill outside, the big-money collectors and traders gathered in the auction room at the Festival of Speed to cross cheque books and fight it out for some pretty delectable machinery.
Silversixx - drunk on enthusiasm alone...
They all paid attention a few lots later when the ex-Patrick Collection Alfa Romeo SZ was offered. There had been a constant swarm of people around the car in the hours leading up to the auction and it was no surprise that a bidding war erupted. The hammer eventually fell at £37,800, making the Alfa SZ we looked at recently seem pretty good value at £29,995 although this one had done about 10,000 miles less. Eyebrows were raised when an Aston Martin DB5 with a top estimate of £90,000 sold for £230,000. The car was rough-but-complete and very similar to a car that sold recently at the Newport Pagnell auction for £250,000, which makes you wonder where they got the £90,000 estimate from...
Some of the fiercest bidding was seen when the Lancia Delta S4 Stradale and the Ford RS200 were offered. Bidding on the Delta sprinted to £80,000 and then crept slowly to a somewhat surprisingly low final figure of £100,500. The Ford on the other hand saw arguably the most brutal action with several bidders in the hall and on the phone all determined to make it their own. £126,900 was what the winner had to pay, which seems a bit odd when you think that in the same room and for less money was a successful Group B homologation car which was made in fewer numbers. Perhaps they thought the Lancia a little too challenging to behold?
Another one was an actual car that we showed you on PH recently. Remember the ex-Yasmin LeBon Alfa Romeo Montreal? That was in the classifieds for £25,000 - which I thought was top money - but it went for £31,050. The punch line being that since we featured it the MOT has expired! To think, you could have paid the asking price at the time and still made a good profit in the space of two months...
When the hammer fell for the last time the bar was almost dry, the auctioneers were exhausted, and several million pounds had changed hands. The overall impression was that there's no sign of any slowing-down in the classic/specialist/supercar market, but that values are very hard to estimate. Only about 60 per cent of the cars went for something like their estimates, the rest were either above or below - usually above.
Below is a selection of other interesting lots with their prices and top estimate
- 1973 De Tomaso Pantera (upgraded to full GTS spec') £36,150 (est. £35,000)
- 1974 Ford Capri RS3100 £23,000 (est. £25,000)
- 1989 Aston Martin Vantage Volante £166,500 (est. £160,000)
- 1971 Ferrari 365GTC/4 £62,000 (est. £60,000)
- 1954 Bentley R-Type Continental (requiring 'completion') £298,500 (est. £150,000)
- 1994 Aston Martin Virage Volante £24,150 (est. £26,000)
- 1966 Jaguar E-Type S1 Roadster £67,500 (est. £60,000)
- 1987 Porsche 911 S-T 'evocation' £41,400 (est. £44,000)
- 1991 Ferrari 348ts £25,300 (est. £22,000)
- 1989 Ferrari 328GTS £47,700 (est. £35,000)
- 1969 Ford Mustang 'Shelby' GT500 £80,700 (est. £95,000)
- 1973 Datsun 240Z 'Super Samuri' £56,500 (est. £70,000)
*All prices are hammer prices plus buyer's premium, exclusive of VAT.
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The £6k AMV8 needed a lot doing to it I understand, unlikely that there was profit in it for a dealer after a full restoration.
That Delta did look verrry tempting....
Delta was the Group B car I would have gone for
Parts car perhaps?
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