In the midst of a global recession, the Bonhams auction at Retromobile last Saturday provided evidence that the market is still strong for prestigious classic cars at the right price. The total of €11.25 million was up on last year’s result, and more than 70% of the lots found buyers. However, there were a number of cars in the upper price estimates which didn’t achieve their reserve, indicating that there is possibly just a bit of caution amongst buyers at the moment.
With the wonderful Grand Prix Lotus collection of the Late Hon. John Dawson-Damer on offer, the Bonhams & Goodman November auction in Sydney piqued global interest.
‘Perhaps the most important sale of collectors’ motor cars held in Australia to date?’- This is the question auction house Bonhams & Goodman are asking when their upcoming sports, competition and collectors’ motor car auction is mentioned. Adam Davis previews their 16th November sale in Sydney.