Friday 12 June 2015

May Sale, Silverstone Classic, Motorhomes and Sportscars

The May Sale for Silverstone Auctions produced a pleasing result for vendors and buyers with an overall  hammer value of £3.4m and a sales rate of over 80%.

Several cars surpassed their higher estimates with Ferrari and Porsche continuing to be the brands of choice for the serious collector and investor market.

The UK market, right hand drive 2010 Porsche 911 GT2 RS (one of sixteen) sold for a remarkable £281,250 - more than £30,000 above estimate. Older Porsches needing restoration continue to surprise with a 1975 Porsche 911 Carrera 2.7 MFI in just above barn find condition making a substantial £146,250 - 50% above estimate. A very rare Porsche 911 Speedster with Turbo body and just 8,000 recorded miles sold for £144,000 - more than £24,000 over estimate.

Ferraris continue to be the most consistently appreciating brand over recent years with an early 1986 UK right hand drive Testarossa making a solid £95,625 and the desirable 355 model also starting to show promise with several examples changing hands well above estimate.

Entries are now open for the prestigious Silverstone Classic Sale on July 25/26th with capacity for 100 cars to be sold in two 50 car sales taking place on Saturday and Sunday. Please contact me personally if you wish to submit an entry.

Meanwhile our new Motorhome Showroom is now open and full of IH Motorhomes latest quality conversions to view. Tim, Paul and 'new Tim' look forward to welcoming you and showing you around. We are very proud of our new facilities and continue to invest in the very best people who help us find the very best stock.

Its great to see our Sportscar business in it's 17th year of trading getting back to the heady days of the past with really special and rare modern sports cars for sale, all of which are the very 'best of breed'.

Nick Whale
June 2015