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May 20, 2014 8:36 am
May 20, 2014 8:36 am
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May
I didn't stay until the end. But, generally, my impression was that most of the sales / unsolds were unremarkable.
One exception was the project cars, of which there was a glut this year. They all achieved hammer prices anything between a good price (MkIII DHC) and a bonkers one (a bitsa DB4/5 car with no hope of anything other than a 'Q' plate). Specifically, for example: Lot 216 (a prototype DB5 absolute wreck) which made £393,500 (inc bp); Lot 225 (a MkIII DHC stored since the '70s and in dreadful state) which made £144,860 (inc bp); Lot 232 (a dismantled DB5 that was a legacy to AMOC) which made £259,100 (inc bp); and Lot 239 (a DB5 front glued to a DB4 rear, without an engine of ID) which made £102,300 (inc bp).
As you suggest, the Feltham cars in drivable condition did not fair well. There were some great bargains secured, including: Lot 210 (a DB2 DHC) which made only £169,500 i.e. circa £130k below market on a good day; Lot 223 (a MkII 'notch back') which made only £158,300 (inc bp) i.e. circa £100k below market; and Lot 234 (a 2/4 coupe) which made only £107,900 (inc bp) i.e. circa £80k down on 'book'.
As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious 'disconnect' between catalogue description and available history file.
David may correct me on this but I think 108 sold in the room. My guess is that the 'fleet buyer' is no longer collecting.
I didn't stay until the end. But, generally, my impression was that most of the sales / unsolds were unremarkable.
One exception was the project cars, of which there was a glut this year. They all achieved hammer prices anything between a good price (MkIII DHC) and a bonkers one (a bitsa DB4/5 car with no hope of anything other than a 'Q' plate). Specifically, for example: Lot 216 (a prototype DB5 absolute wreck) which made £393,500 (inc bp); Lot 225 (a MkIII DHC stored since the '70s and in dreadful state) which made £144,860 (inc bp); Lot 232 (a dismantled DB5 that was a legacy to AMOC) which made £259,100 (inc bp); and Lot 239 (a DB5 front glued to a DB4 rear, without an engine of ID) which made £102,300 (inc bp).
As you suggest, the Feltham cars in drivable condition did not fair well. There were some great bargains secured, including: Lot 210 (a DB2 DHC) which made only £169,500 i.e. circa £130k below market on a good day; Lot 223 (a MkII 'notch back') which made only £158,300 (inc bp) i.e. circa £100k below market; and Lot 234 (a 2/4 coupe) which made only £107,900 (inc bp) i.e. circa £80k down on 'book'.
As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious 'disconnect' between catalogue description and available history file.
David may correct me on this but I think 108 sold in the room. My guess is that the 'fleet buyer' is no longer collecting.