Monday 14 September 2020

Car Auction Round-Up - September 2020

 As the Covid-19 pandemic continues to blight the world and seemingly stop all events from taking place, car auctions are still continuing online or through small, socially distanced live auctions (such as the Passion of a Lifetime auction by Gooding & Co.). There are three auctions taking place in September which has taken my deepest interest as to the what the results will be as well as a lot of unique models and manufacturers that will be crossing the block. These three auctions are the Musee de L'Aventure Peugeot by Aguttes, the Bonmont Sale by Bonhams and Classic Car Auctions' September Sale. 

The first sale is the Classic Car Auctions' September Sale which will take place at Leamington Spa on the 18th/19th September with 234 lots crossing the auction block. The highest predicted seller is a 1971 Porsche 911S 2.2 which has an estimate of £75,000 to £90,000, and with 90,000 miles and a five star overall condition, this should be an interesting car to watch sell. Finished in black and with the 2.2l Flat-Six it had a top speed, when new, of 138mph with 0-60mph taking seven seconds and 180 break horsepower, making it still a capable sports car even today. The first highlight lot for me is a 2007 Lamborghini Gallardo Superleggera, the second generation of the ultra-lighweight Lamborghini Gallardo. Powered by a 5.0 naturally aspirated V10 to produce 522bhp, this was built to rival the Ferrari 430 Scuderia and the Porsche 911 GT3 RS. This example is black underneath but has been vinyl wrapped in Verde Ithaca which was a colour that would eventually launch on the third generation of the Gallardo Superleggera. The name 'Superleggera' means 'super light' and is a nod to the construction style of the 350GT. This example was originally sold in Dubai, hence it is a left-hand drive model, where it spent most of its life in a private collection before making its way to the UK in 2015. With 29,000 miles on the odometer, this car is estimated to sell for £50,000 to £60,000, a truly astonishing figure considering a similar model with only 5000 miles is for sale for £80,000. The next standout car is an extremely rare model that doesn't come up for sale at all that much being the 2008 MG SV. The MG SV was a slightly failed entry into the sports car market as they never really reached mass production with only 82 being completed excluding four pre-production prototypes. It began when MG Rover acquired the failed Italian firm Qvale and continued the production of their car, the Mangusta, in the new format of the SV. It was aimed to be a new British sports car under £100,000, and it succeeded at one part with the price for the base car being £65,000. However it was not a very British car as many parts were sourced from Fiat such as the headlights from a second generation Punto and rear lights coming from the Fiat Coupe. Powered by a 4.6l V8 and producing 320bhp for a top speed of 165mph was brilliant for a sports car of that price, but unfortunately it was the low price that cost MG the most as the company fell into financial troubles and by the time they went into administration in 2005, they had only sold nine, most prolifically to Rowan Atkinson. This example has little over 2000 miles and will cross the block for an estimate of £40,000 to £45,000, over £10,000 less than the car was originally sold for. The final two cars that are highlights are rally tribute cars which may not sound very interesting like that but when the cars are examined they're both very special. The first is a 2000 Mitsubishi Lancer Evo VI TME. The TME stands for Tommi Makinen Edition which is a tribute to the famed rally driver Tommi Makinen who raced in the World Rally Championship for Mitsubishi in the 1990s and early 2000s racking up an impressive 23 wins in Mitsubishi cars. To celebrate this feat, Mitsubishi created a limited 2500 example run of cars which added a titanium turbocharger and a new ECU to push the car up to around 300bhp. It also featured the Enkei WRC inspired rims on the car as well as the embossed Recaro seats and the MOMO steering wheel, it is truly a tribute to Makinen's rally successes. This car has an estimate of £19,000 to £23,000 which is a massive decrease on previous results as these cars can be sold for up to double the estimate. The final standout car for me is a 1995 Rover Mini Cooper. Now these are fun little cars on their own but this example is a truly rare car I didn't know existed. This is the Monte-Carlo edition which is fitted with spotlights and vinyls on the rear and side of the car to commemorate the cars success at the Monte-Carlo Rally throughout its rally history. This was originally registered new in the UK in 1995 and has lived its life in a collection of cars including a Ferrari F40 and a Pagani Zonda. It has also been meticulously resprayed and fitted with an original interior which makes it even more special. Also as if this car wasn't special enough, there are only 200 Mini Monte Carlo editions and therefore the estimate price of £15,000 to £17,000 seems like a steal.

The next standout auction of this month is Aguttes auction of Peugeots and Citroens. This may not sound like an interesting auction but in fact this is an auction of the Peugeot and Citroen heritage collections, meaning there are some truly special cars crossing the block. The highlight sale is an ex-Sebastien Loeb Citroen DS 3 WRC car. Between 2011 and 2016, the Citroen DS3 racked up 26 World Rally Championship wins making it one of the most successful rally cars of the modern era. This example, chassis 17, took place in 32 World Rally Championship rallies between 2012 and 2016 with 11 wins, 16 podiums and only four retirements making it a reliable car as well as an extremely fast one. This was the car that Loeb used during his 9th World Rally Championship winning season and is one of the most technically advanced rally cars of the modern era with 300bhp and with 188bhp per litre, it moves deliriously quickly. It can accelerate to sixty miles per hour and back to a dead stop in under 7 seconds which is why it was such an incredible off road machine. Currently the price estimate of this car is price on application but in the history of selling modern rally cars, they can vary as a previous Citroen DS3 Rally car failed to sell but with an estimate of £300,000 to £400,000 but for sale on www.motorsportauctions.com, there is a Skoda Fabia WRC car for £42,000 meaning this sale could go either way. The next standout sale is another off road beast, but this time is a Peugeot not a Citroen. It is, of course, the 2016 Peugeot 2008 DKR16 which is an entirely different 'car', if you can even call it a car, than the Citroen DS3. Loosely based on the road-going Peugeot 2008, this example has been jacked up and completely restyled to create a Dakar destroyer. The Dakar Rally is constantly labelled one of the hardest races to exist, originally from Paris to Dakar in Senegal but moved to South America for political reasons. With 71 deaths in its history spanning back to 1979, and terrain spanning from deserts to mud and having to climb rocks and mountains at a rate of 800km per day, its a tough challenge. Peugeot were the first champions of Dakar as they dominated the early years before Mitsubishi and even Porsche arose to the challenge. But in 2016, the year of the Peugeot returned as this car won the 2016 Dakar Rally after a 25 year absense from rally raid racing and what a car they did it in. The engine was a diesel V6 more commonly found in the Peugeot 407 and the Citroen C6 but it had the underpinnings and tuning help from the Peugeot 908 HDI, the LMP1 car that took Team Peugeot to a third placed finish at the 2012 24 Hours of Le Mans. The car surprisingly was rear wheel drive even for taking on the most difficult terrain in the world, but the 800nm of torque and the six speed sequential gearbox helped it to its victory. One of only four examples produced this car has an estimate of £450,000 to £550,000. This is the first Dakar of its kind to be sold at auction so who knows whether the estimate is accurate or not. The next highlight takes the word 'interesting' and gives it a whole new meaning. The Peugeot Flux is not a road legal car and also is not a production model meaning it is a concept car. Concept cars are used for car manufacturers to show off their styling department and very rarely to preview new models which will be produced. This example is a styling model designed in 2007 due to a competition Peugeot launched under the theme of PLEASE - Pleasure, Lightness, Efficiency, Accessibility, Simplicity and Ecology. The Flux was the outcome built in a 1:1 scale of the designers style, but with no working parts. It is powered by a hydrogen fuel cell and an electric motor and the body is made up of plastic and aluminium. It was even featured in the 2007 video game Project Gotham Racing 4 with a full adaptation which could be won and driven. It has an estimate for sale of £45,000 to £50,000 which is a lot for what is essentially a model. The final car worth mentioning is a 2005 Citroen C2 by Sbarro. Sbarro is a school that Citroen contacted with a challenge to fit the biggest engine they could into the smallest car of the Citroen range which happened to be the C2. This was meant to be a challenge that could hark its roots back to Carroll Shelby who put the 7.0 V8 into the AC Ace to create the Cobra and the students in this case did a remarkably job. It has been described as an 'impressive car with great potential', as it featured a 3.0 V6 which could produce just under 300bhp and with rear drive and only weighing a tonne, if it was tested it would have been a rapid car. Unfortunately with only one produced, this was never tested for its capabilities on track. This has an estimate £30,000 to £40,000 and has never been registered and it doesn't mention whether it can be registered for road usage. 

I have covered last year's edition of the Bonhams Bonmont Sale as it was the first of its kind and featured lots of seized hypercars including the first Lamborghini Veneno to be sold at auction. This sale features cars of the same quality and some incredibly unique sales as well. The first highlight cars include two Bugatti Veyrons, beginning with the 2013 Bugatti Veyron Grand Sport Vitesse. Built as a targa-topped version of the Supersport, which was at the time the fastest car in the world at 268mph. The Grand Sport Vitesse features the same 1200bhp output as the Supersport but is electronically limited to 233mph, which still makes it the fastest convertible in the world. With only 92 GSVs in the world this is an exceptionally rare model and deserves the £1.4million to £1.8million price estimate. The next example is a Veyron Supersport and is finished in dark blue exposed carbon fibre with a black and blue leather interior and being one of 48 produced, it is half as rare as its targa topped variety and this one is specified as a one off unique spec. An example of the unique specification is the black badging rather than the silver badging on the standard Veyron. This has the same estimate price as the Grand Sport Vitesse but is half as rare which suggests that the car will exceed the estimate. The next standout car is a lot lower down in the estimate than I was expecting for it. It is a Lamborghini Murcielago LP670-4 Super Veloce, which is number 245 out of the planned run of 350. However, during the production of the Murcielago SVs, the production line was changed to fall in line for the new Aventador model to begin production, therefore only 186 were built. It is the ultimate version of the Murcielago which is one of the best modern V12 cars of the last 15 years and therefore it is surprising for the estimate to be as low as £170,000 to £200,000. This may not sound cheap but when compared to other cars in the auction such as a Lamborghini Gallardo Superleggera and Mercedes SLR McLaren at the same price, it seems a bargain. Even moving away from auctions, in the UK there is not a single Murcielago SV for sale under £350,000 and for the same estimate as the example in the sale, there are only Murcielago Roadsters for sale in the UK. This shows how much of a bargain this example is and that it will definitely sell beyond its estimate. The next highlight is another very rare car, in fact one of the rarest cars of this auctions with only 25 examples being made. The Porsche Carrera GT is a superb car with the massive V10 which roars when pushed to the absolute limit but to have 800bhp coming from the 5.7l V10. This is where Gemballa stepped in and took 25 Porsche Carrera GTs and modified to clients standards often including a roof scoop, an electronic rear wing and a fully redesigned front and rear bumpers and side skirts. This example is finished in satin black with red accents on the rims and the headlights to almost create a devilish look to the car. The car is even rarer than before as earlier this year, a Gemballa Mirage GT was crashed in Los Angeles before being driven off and later abandoned and written off by the owner, creating of Gold Rush Rally US, who was later arrested. This has an estimate of £510,000 to £680,000 which surprisingly is less than most standard Carrera GTs are valued at which could mean there is some growth to this sale.

 This concludes the standout sales of September in the auction world, all there is time to do now is wait for the results.

References

https://www.glenmarch.com/auctions/upcoming

https://www.classiccarauctions.co.uk/auctions

https://www.bonhams.com/departments/MOT-CAR/

https://www.aguttes.com/en/home

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