Silverstone NEC Show Auction Report

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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.

Ford Escort Series 1 RS Turbo record price

We have seen evidence of this across a number of recent sales and any RS Ford seems to be making very strong money at the moment, especially low mileage examples. This auction found a final price of £60,188 for a Ford Escort RS Turbo Series 1 which had a little over 5,000 miles on the clock.

This far surpasses any recent price achieved for one of these cars and it is interesting in that a 1989 car with a similar mileage achieved just under £20,000 at the August Anglia Car Auctions sale.

Ford Sierra Cosworth RS500 at Silverstone auctions at the NEC show

Also within the Silverstone sale a 1987 Ford Sierra Cosworth RS500 with 13,000 miles on the clock went on to sell for £90,000 which is surely another record for this model. We gained another insight into what people are prepared to pay for what are literally factory fresh cars and in this instance it was a 1980 MGBGT rubber bumpered car with 1499 miles on the clock that hit £14,400. We wonder what you can do with these cars apart from store them correctly and await further price appreciation which seems inevitable. As time moves on and there are less low mileage cars out there, anyone prepared to simply see their purchase as more of a museum piece is likely to be rewarded over time as long as the car is maintained. Not necessarily the view of true enthusiasts of these cars but from a pure investment perspective it is difficult to see why the value of these cars will fall over the longer term.

Ford Capri rs3100 at Silverstone auctions at the NEC show

Provenance still counts and the ex Peter Sellers S2 Lotus Elan was another example of that going on to make a final price of £50,625 which is close to double what you would expect to pay for a good example of one of these cars. Going back to Fords, there was a RS3100 Capri which have been very rarely coming to market in recent years. This example was a full restoration to a high standard and the price of £48,375 reflected that.

A 1972 Citroen SM Maserati achieved £51,188 which is the highest price we have seen one sell for in the UK. The car had been subjected to a full engine rebuild which will undoubtedly have made it a more attractive proposition to potential buyers.

Jenson Interceptor Series 3 at Silverstone auctions at the NEC show

A 1975 Jensen Interceptor Series 3 convertible hit a big number of £72,563, way above its estimate of £45,000 to £55,000 which may well be a UK record for one of these cars. It was a recent concours winner which may well account for the premium.

Jaguar XJ220 at Silverstone auctions at the NEC show

Jaguar XJ220s are still on the march as evidenced by the £315,000 paid for a car once owned by the Brunei royal family. How much longer we wonder before these cars are selling for more than their original purchase price of £470,000.

Renault 5 Turbo at Silverstone auctions at the NEC show

This sale also included two Renault 5 Turbos. These cars have been growing in value during recent years and one in this sale which was clearly not in the best shape but still a very original car achieved just £38,152 which was short of the sale estimate of £45,000 to £55,000. These cars are starting to be advertised with dealers at prices close to £100k which might mean the buyer of this particular example has bagged a bargain. Later in the sale a more well sorted earlier car sold for just under £62,000.

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

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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