HISTORICS STORMS TO £5 MILLION WITH 76% SALE RATE

Posted on 23rd May 2022
HISTORICS STORMS TO £5 MILLION WITH 76% SALE RATE

The May sale at Ascot of 200 immensely-varied classics spanning over a century showed buoyancy across all sectors of the market

An eclectic line-up of 200 fine and varied classics consigned to sale in the expansive grounds of Ascot Racecourse proved a hit with the 800+ that attended Historics major sale on Saturday 21st May, joined by a strong contingent of phone and online bidders.

When all the sales were processed 76% of the entry had passed to new owners, with a gross sale of £5 million+. But the story is also about the robust nature of the market, with strong sales recorded across all categories.

  • 800 attendees on sale day with a further 600+ across the three viewing days
  • Strong online bidder registration with significant overseas interest
  • Total lots: 200 after withdrawals
  • Sale Rate: 76%
  • Total gross sale: £5.0m+
  • 50+ lots offered without reserve
  • One of the biggest and most varied consignments Historics has offered, from a trio of magnificent Edwardian cars to a significant collection of modern classics and all in between
  • Oldest entry: 1907 Renault 20/30 Tourer by Mitchel - £72,800
  • Youngest entry: 2016 Chrysler Jeep - £33,320 
  • Most valuable: 2015 Ferrari 458 Speciale - £379,200
  • Most charming: 1971 Fiat 500 Gamine - £17,546
  • Most whimsical: One of two surviving 1958 BMW Isetta single seat ‘pick-ups’ -  £22,400
  • Biggest project: 1968 Fiat Dino Spider restoration - £16,800

Despite their specialist appeal, two of three superbly-presented Edwardians that graced the auction hall sold well, the 1907 Renault 20/30 Tourer settling at £72,800, eclipsed by the equally elegant 1908 Renault 20/30 Landaulette at £82,600.

Pre-WW2 sales were also robust, including a charming 1933 Morris 10/4 that cruised past its estimate of £15,000-£19,000, to settle at £28,000.  Absolutely stunning in every respect, it had been with the vendor for 46 years, with restoration taking place for much of this time.

The same vitality was evident in all other price and era categories right to the top, where the 2015 Ferrari 458 Speciale proved its true collector car status, settling at £379,200.  The same applied to the ‘homage’ category where a wonderful 1953 Jaguar C-Type Evocation created in 1996 made £164,600 and an Aston Martin DBR1 replica created by ASM in Norfolk soared over-estimate to £91,840.

Proving also that the restomod culture is alive and kicking in the classic Porsche camp, the sale of a unique example at Historics’ November sale which made £133,280 was repeated here with an exquisitely-presented 1983 911 ‘ST’-inspired one-off settling at £102,000.

Staying with the Stuttgart marque, an utterly immaculate and original 1971 Porsche 911T, which enjoyed a money-no-object restoration by one of the exclusive UK Porsche GB Classic Partners, passed to a new owner for £140,000.

Highlights amongst the 23 Mercedes-Benz classics offered included a flagship 1993 S600 Coupé first sold and registered to the Brunei royal family. It soared to twice its top estimate at £65,656, doubtless aided by its meagre 613 miles since new 29 years ago. Most notable too was a highly desirable and cherished 1998 Mercedes-Benz G320 two-door short wheelbase Cabriolet that sold over-estimate at £96,220.

Amongst modern classics, results were extremely strong, some blistering….eyes were raised aloft at the 38,000 mile 1987 VW Golf Mk.II 16V, first owned by a fanatical quality engineer at Bentley, which sold for an astonishing record price of £32,248 after being entered at no reserve.

There was equal joy for the seller and buyer of a 1983 Vauxhall Astra Mk.I GTE which made £19,244 whilst a 1983 Ford Fiesta XR2 Mk.I sold for a shade more, at £20,720.  And remaining with the blue oval, a very original 1974 Capri Mk.I GXL in three-litre guise was passed on for £36,400, and a 1971 Ford Escort Mk.I for £22,400.   

Historics is now inviting entries to its grand summer sale at Windsorview Lakes on Saturday,  16th July.  For all information and for full results from the May sale, see here

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