Historics scores best auction result of 2020

Posted on 23rd December 2020
Historics scores best auction result of 2020

Rousing open-to-public, year-end sale finale at Ascot Racecourse on December 11/12

The finale to Historics auction year, on 11th and 12th December at Ascot Racecourse, proved a fitting end to a highly successful year, both the automobilia sale on the Friday and classic car and motorcycle auction on Saturday drawing the highest volume of bids at any Historics sale of 2020.

The gross of £4.7 million was a tribute to the tireless work of the Historics team and the combined sale rate of an astounding 91% also speaks volumes not only of the team but also of the momentum and robust nature of the UK classic market.

Despite the pandemic, Historics has been determined to host open-to-public sales if at all possible, as distinct from relenting to an on-line sale alone and yet again Ascot Racecourse - scene of all Historics auctions this year - proved the ideal venue with prevailing Covid-19 requirements enforced.

The auction hall - full to allowed capacity - was supported by online bidding courtesy of Historics strategic auction partner, Bidpath. A high volume of enthusiastic bidding in-hall, by phone and online was a feature throughout the auctions.

Not surprisingly Historics registered the highest number of online bidder registrations in its history. A total of some 840 registered to bid from 32 countries, illustrating how Historics auctions have become truly international events.

But demonstrating the allure of traditional live auctions, even in today’s difficult times,
450 visitors attended the venue during the three pre-sale viewing days, the widely-spaced consignments placed throughout the extensive Ascot Racecourse grounds for all to inspect at close quarters. What’s more, 750 attended during the Saturday auction day with the auction hall full to the capacity allowed with social distancing enforced.

As the sun set on the close of the Saturday sale, 159 of the 192 classic car and motorcycle entries passed to new owners. Of those, 118 sold in hall and to phone bidders.

One the biggest battles of the day was for ownership of the show car replica of the Le Mans winning Bentley in 2003. Starting with the Historics auctioneer’s opener of £10,000, the price rose steadily through an in-hall battle between two determined bidders. When the hammer fell, the new owner parted with £126,480 for the evocative piece of motorsport history.

A similar battle played out for the 1972 Ferrari Dino 246 GTS , this time waged on the telephone between a duo of enthusiastic bidders, only for the prize to go to a late internet bidder, the sale settling on £284,480.

But as at every Historics auctions it wasn’t all about big numbers…For example, a delightful 1958 Austin Healey ‘Frogeye’ Sprite Mk I topped its high estimate, selling for £21,280, whilst a rarely seen 1958 Vauxhall Victor, one of a number of cars with a film career to their name, passed to a new owner for just £2,264.

Commenting on Historics’ auction year, founder and Managing Director, Mark Perkins, said: “Despite the challenges of holding live, open-to-public auctions, we remained determined to do so if at all possible and not dumb down to purely online sales. Thankfully that’s what we achieved. The results were incredibly strong and consistent across all four sales. That’s not only a real tribute to the Historics team, but also to our stoic and enthusiastic vendors, buyers, partners and legion of supporters.”

Historics is now consigning for its 2021 opening sale, at Mercedes-Benz World on Saturday 6th March….not forgetting that some six weeks later, it will be hosting a major international auction at Monaco on 23rd April.

All results from Historics Christmas auctions can be viewed here on the website.

https://www.historics.co.uk/buying/auctions/2020-12-12/cars/

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