The Ferrari 550 Maranello, a blue chip investment?

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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.

The Ferrari 550 Maranello, a blue chip investment?

The 550 was launched in 1996 and cost £143,000 when new. This was a front-engined 5.5 litre V12 capable of generating 485bhp that can propel the car to 62mph in just 4.4 seconds. Production lasted to 2001 and importantly just 457 right hand drive cars were produced. Values fell gradually and only bottomed out around three years ago when you could still buy a low mileage example for around £40,000 and lower. Things have changed quite dramatically since then and we are now seeing low mileage cars comfortably exceed the £100k mark and only last week a 29,000 mile car sold at H&H's Imperial War Museum auction for £150,000. Values of these cars look set to head in only one direction and ten years from now we will inevitably be looking back and considering how cheap they were at £100k!

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Classic car news and auction results from the UK and around the world

Do you have a classic Volvo from the 70s, 80s or 90s to sell?

Do you have a classic Volvo to sell?

We are seeking classic Volvos from the 70s, 80s and 90s. If you have a classic Volvo from this era sitting around in a barn or garage or indeed one that you use regularly, please let us know. We are particularly interested in low mileage original cars.

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Classic car prices continue to fall

TR4

We are seeing at the start of 2024 a similar picture to what we experienced in 2023 with prices for most marques losing some ground. It is almost inevitable given the difficult macroeconomic backdrop and the fact that prices have risen strongly for a decade or more. We suspect prices will continue to experience a slow drop over the coming year, but if interest rates start to fall as the year progresses it may well be that prices will start to stabilise. This does not stop us buying good quality cars with the right provenance. We are also very interested in restoration projects, but they must be a complete car, not a stalled restoration that has been partially dismantled. If you have a restoration sitting in your garage that has not seen the light of day for many years, please do call us as we are very interested in a car in any condition whether it be a full restoration of just a recommissioning project, but it must be a complete car

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Cars that we want

fff

We are interested in good quality examples of most marques, but in particular we are keen to hear from people with cars such as the following: MGB GT/V8/Roadster Porsche 911/993/964/3.2 Carrera/SC Triumph GT6/TR6/Vitesse/Herald Jaguar MK2/E-Type MGA Reliant Scimitar Coupe SE4 Morris Minor Van/Pickup. and many more! Plus any restoration, no matter what condition, do get in touch.

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Rehome your car with us!

Morris Minor

We are currently rehoming a record number of cars. The reason we are so busy is that we offer very competitive prices for the best cars and we also buy cars in all conditions whether it be a full restoration or a concours rebuild. Please do submit your car's details and we will contact you quickly to establish a value and arrange an inspection. It can all be concluded very quickly indeed. We collect from all over the UK. This is one of the many Morris Minors we have bought recently.

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Auction houses return to action

Our inspectors are busy making offers for your cars

TCCN

With lockdown easing we are busy at the moment viewing cars and making offers with typical transactions completing within 48 hours of us viewing a car. If you are looking to sell your car we should be your first port of call, we will not be beaten on price and our process is quick and avoids the unnecessary hassle of trying to sell a car privately in what is a difficult market. Contact us today and you could have money in your bank within a matter of days!

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We urgently require examples of the following cars

tr6

We are always seeking good examples of classic cars and at the moment we have a special interest in acquiring the following cars.

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Barn finds needed

Bentley MK 6

We are always on the lookout for barn find cars and even cars in the worst condition will have some value such as this Bentley MK6 which we recently extracted from a 36 year slumber in a barn. If you have a car that you feel would be of interest do please get in touch, you might well have some rusty gold sitting in a garage or old barn, you never know!

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We are seeking Jaguar MK 2 2.4/240/3.4/340/3.8

Jaguar MK2 3.8

We are urgently seeking examples of Jaguar MK2.

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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

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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