Classic Car News

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Auction prices driving unrealistic asking prices

Morris J Type Van

We couldn't help but notice a Morris J Type van which was listed within the last week or so at a world record asking price of £18,750. This seems to be the result of the sale of a similar model (pictured) at Anglia Car Auctions over the previous weekend of a van that had just 8,928 miles on the clock and sold for £18.020. The reason for such a strong selling price was the incredibly low mileage and we would not expect to see this repeated for a van of the same model unless it also had a unique selling point. This again shows why it is important not to follow all auction results when pricing your car. Please contact us today if you have a classic to sell and we will give you a realistic appraisal of what your car can achieve in the current market.

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Low mileage cars continue to demand a premium

Ford Escort

Last month's Silverstone Auctions sale at the NEC has created a few more records most of which belong to very low mileage cars, a common theme for most auction sales this year. Good examples from this sale are a 1990 Audi RR Quattro Turbo 20v with 16,000 miles (sold for £69,750), 2011 Ford Focus RS - 18 miles (sold for £43,875), a 1988 Ford Sierra Cosworth RS500 (sold for £112,500), a1988 Range Rover EFI - 5,500 miles (£42,750), 1996 Ford Escort Cosworth Lux - 837 miles (£91,125), 1980 Ford Escort Mk2 RS2000 Custom - 900 miles (sold for £97,875), a 1987 Ford Capri 280 Brooklands (sold for £47,250)

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Porsche 911 (993) wanted

We are seeking Porsche 911 (993) cars at the moment with several people registered as seeking examples of these cars. If you have a Porsche 911 of any make whether it be Porsche 911 SC, Porsche 911 3.2 Carrera, Porsche 911 (964) or a Porsche 911 (993) we would like to hear from you. Please submit your car's details within the sell your classic box on our home page.

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Jaguar unveils the Electric E-Type

Electric E-Type

Jaguar has unveiled a fully electric E-Type known as E-Type Zero. The modified series 1.5 car they have used generates 220KW of power and is now capable of achieving 0-62 in just 5.5 seconds.

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Auction sale rates declining

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Austin A35 sells for £23,000 at SWVA

A rare pick-up variant of the Austin A35 achieved a record £23,000 at SWVA's latest auction last Friday. Judging from the pictures of the car and the write-up the the car was exceptional have been treated to a £25,000 restoration and the price reflects that. This was not the only A35 in this auction to achieve a strong price, an A35 van again in exceptional condition achieved just under £11,000 including premium.

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Triumph models wanted

We are seeking Triumph Vitesse, GT6 and early Spitfires. If you have a car to sell please get in touch as we might well buy it.

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Classic car restorations wanted

MG Metro Turbo

Classic car restorations wanted. If you have a car that has been sitting in your garage for many years and is in need of restoration, please do contact us. It might be an unfinished project or a classic car that was put away many years ago and was forgotten about. You never know it might well have some value and we do buy a lot of restoration projects.

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BMW M635i sells for £100,100 at Classic Car Auctions

BMW M635CSI

BMW M635i sells for £100,100 at Classic Car Auctions

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Silverstone Auctions

Silverstone Auctions NEC Sale

The results from the weekend Silverstone sale at the NEC demonstrate that the classic car market remains healthy especially among the more modern classics.

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£37,000 Ford Capri

Ford Capri 2.8i sold for £37,275

We had another recent example of a low mileage car making a big premium at auction. This time it was a Ford Capri 2.8i which achieved a huge £37,275.

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World record price for a Jaguar XK150 at Bonhams

World record price for a Jaguar XK150 at Bonhams

Whilst there has been talk of slowing prices in recent months, today's Bonhams auction in London showed little sign of enthusiasm being tempered for the best cars.

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H&H Chateau Impney Christmas gala auction preview

Aston Martin DBS V8 at H&H Chateau Impney Christmas Gala Auction

H&H will be holding their last auction of the year on the 10th December at The Chateau Impney Christmas Gala Auction. The selection of classic cars on offer is quite broad and with Christmas only two weeks away it will be interesting to see if the auction market ends the year on a high.

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Brightwells last sale of the year

Mercedes 190SL at Brightwells last sale of 2015

Brightwells last sale of the year achieved another good overall result with 80% of the lots finding new homes. The standout result was the £93,500 paid for a Mercedes 190SL which was a relatively rare right hand drive car in barn find condition.

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Historics November 2015 Sale : £30k TR6

Historics November 2015 Sale : £30k TR6

Historics auction yesterday provided a number of strong results, but for us the standout result had to be the £29,680 paid for a 1975 Triumph TR6.

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Silverstone NEC Show Auction Report

Ford Sierra Cosworth RS500 at Silverstone auctions at the NEC show

There were lots of interesting results within Silverstone Auctions latest sale held at the NEC classic car show. Perhaps the most interesting feature was the record numbers that are being achieved by the fast Fords.

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Ford Escort Series 1 RS Turbo record price

Ford Escort Series 1 RS Turbo record price

The standout result for Silverstone Auctions sale at the NEC Classic Car show this weekend has to be the £60,188 paid for a 1985 Ford Escort Series 1 RS Turbo. The car was described as near concours/factory fresh as evidenced by the extremely low mileage of just 5,568 miles on the clock.

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Daimler SP250 Dart at the Bonhams Goodwood Revival Sale

Daimler SP250 Dart at the Bonhams Goodwood Revival Sale

We could not help but notice the price paid for a 1964 Daimler SP250 ‘Police Specification’ Roadster recently at the Bonhams Goodwood Revival sale. The car in question is in near concours condition according to the narrative and is/was owned by Chris Evans.

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The Ferrari 550 Maranello, a blue chip investment?

The Ferrari 550 Maranello, a blue chip investment?

Finding future classics with great investment potential is never the easiest of games to play and is one that requires patience and a good deal of foresight. Nearly all Ferrari models from the past have eventually found a following leading to exponential price rises. A more recent Ferrari that is now starting to gather some price momentum is the 550 Maranello.

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Triumph Stag prices remaining strong

Triumph stag prices remain strong

During the last eighteen months or so Triumph Stag prices have increased significantly which we believe is values finally playing catch-up to the rest of the market. The V8 burble from a Stag is hard to beat and a well sorted car that is maintained correctly should give many years of trouble free motoring.

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The new million pound e-types

Channel 4 are running a documentary on Thursday May 28th at 9pm on the six new lightweight E-Types which Jaguar are manufacturing to fill the six chassis numbers which were not made during the 60s.

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Premium priced, low mileage cars at Silverstone Auction

Ferrari Testarossa at Silverstone Auctions

Low mileage cars provided most of the surprises at Silverstone Auctions on Saturday really confirming that original low mileage cars are going to continue commanding a premium in the current market.

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China to allow Classic Cars

China to allow Classic Cars

Classic Car Weekly reported this week that China's authorities may well be moving towards removing the ban on importing classic cars later this year. This will have profound implications for the classic car market as it could quickly lead to cars leaving the UK.

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Stondon Motor Museum auction

Brightwells Stondon Motor Museum auction

Brightwells have announced that the Stondon Motor Museum based in Bedfordshire has decided to close and as a result the entire collection will be sold at no reserve in two phases.

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Rare Jaguars continue to find strong prices

Jaguar E-type at Bonhams Goodwood sale

Bonhams latest Goodwood sale which took place yesterday demonstrated once again that early Jaguars are still in demand. An early flat floor E-Type achieved £158,300 including premium whilst an XK150s 3.4. went on to achieve £225,500 including premium.

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E-type prices set to drop?

Are E-type prices set to drop

Classic Car Weekly has run a piece this week suggesting values for E-Types might well start to fall according to expert predictions. A quick glance at the private ads would certainly suggest a huge influx in left hand drive cars and if the laws of supply and demand hold it does seem very likely that prices are going to struggle.

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One Millionth Minor sells for £25,760 at auction

One millionth morris minor at historics

With the auction season now in full swing we have seen several major auction houses in action over the last week and at the weekend the one millionth Morris Minor to come off the production line came under the hammer at Historics.

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Full house at Anglia Car Auctions

Anglia Classic Car Auction Capri 3.0s

The latest auction on 31st Jan 2015 was indeed a well attended event, with long entrance queues and parking spaces quickly becoming difficult to find. However, the friendly staff were on hand with free teas and snacks to keep the cold at bay.

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The inaugural London Classic Car Show

The London Classic Car Show lamborghini muira

The first London Classic Car show took place in January this year at the Excel Centre in the Docklands area. It was great to see a classic car show in our Capital City, and there was certainly a mouthwatering selection of vehicles on show to make a visit worthwhile.

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