CCA's first sale sees the start of a new regular classic auction dedicated to selling affordable classics.
Quentin Willson’s introduction to the first Classic Car Auctions sale at Silverstone saw the first lot, a highly patinated but original 1951 Series 1 Land Rover, sell for £5035. Not everything sold, but there were some solid results for CCA’s first sale, with a final sell through rate of 63 per cent.
There was significant interest for the 182-mile Mini Cooper, the last classic-shape Mini to be registered in Scotland, finally selling for a price of £16,854. Commission bids pushed a nice Lotus Cortina mk1 recreation to £15,900, and an eye-catching bright blue 996-generation Porsche 911 Turbo sold above estimate for £30,740.
M Sport BMWs seemed to be a hit too, with a Nurburgring edition E34 M5 selling for £13,356, and a particularly nice 1998 E36 M3 Evo £13,250. Others struggled to meet reserve, like the very clean and low-mileage Renault Alpine GTA. Although bidding stopped just shy of the reserve at £7000.
Some of the lower-end classics did very well too, with a Mk1 Toyota MR2 quickly reaching the £1908 mark. A high mileage, but very nicely presented big bumper Mk2 VW Golf GTI five-door sold for £2014, and low-mileage Mk2 Golf Driver fetched £1484.
The sale represents a new market for the team behind Silverstone auctions, and the honest appraisal starring system (grading each car out of 135) along with realistic pricing should see this develop into a great regular sale for both private and trade buyers. The next sale will take place on 21 April 2015, and then every first Tuesday of every other month from there on.