Tag Archives: Bonhams

Drop In Sales At Monterey Classic Car Auctions

If you are a classic car enthusiast, you may well be aware that the annual Monterey Car Auctions that took place this August in the USA is one of the most exclusive of such events. There were six major auction houses offering classic vehicles for sale including Bonhams, RM Sotheby’s and Gooding & Co with some cars being sold for in excess of $10 million each.

Whilst the final figure for the total amount generated is not yet available, the indication is that there has been a reduction in the value of sales from the various auctions in comparison to last year. In fact, this is the second year in succession that there has been a fall in the amount generated from the sale of classic cars at these auctions.

The figure so far generated from this August’s auctions is $344.9 million. Last year the figure was $396.8 million.

Apparently, the Monterey Car Auctions are a good indicator as to how classis car values are doing. For quite some time now, classic cars have been viewed as an excellent form of investment in comparison to the likes of stocks and shares. It will be interesting to see if this continues to be the case.

The top 5 sales at the above auctions were: –

Jaguar D Type

1. 1955 Jaguar D-Type Roadster that was sold for $21,780,000.





Alfa Romeo


2. 1939 Alfa Romeo 8C 2900B Lungo Spider that went for  $19,800,000.





Ferrari 250 GT California
3. 1959 Ferrari 250 GT California LWB Alloy Spider that achieved a sale price of $18,150,000.





Shelby Cobra 260 Roadster

4. 1962 Shelby Cobra 260 Roadster that went for $13,750,000




Ferrari 250 GT SWB
5. 1960 Ferrari 250 GT SWB Competizione Coupe that fetched $13,500,000.




In fact, 5 of the classic cars that featured in the league table for the 10 top selling vehicles were Ferraris. Perhaps this is not surprising when you consider that a 1962 Ferrari 250 GTO Berlinetta was sold at auction in August 2014 for a world record price of $38,115,000.

If your classic car insurance is coming up for renewal then why not get in touch with a member of the knowledgeable team here at AIB Insurance on 02380 268 351 with a view to obtaining a competitive quotation.

Excellent Price Achieved For Classic Aston Martin DB Team Car

Aston Martin DBTo this day, Aston Martin has an enviable reputation for building quality cars here in the UK. So, when a classic model comes up for auction it is quite possible that there will be a great deal of interest in it.

Well, at the recent Bonhams “The Goodwood Festival Of Speed Sale” a 1949 Aston Martin DB Team car with the registration number UMC 65 was offered for sale to members of the public. Including the premium, it ended up being sold for a price of £679,100.

This classic car has a little bit of history behind it as it featured in some well-known races. Back in June 1949, it took part in a Le Mans 24-hourLe  race when it managed to finish in a commendable 7th place but also finished 3rd in its class. Of the three Aston Martins entered in the race it was the only one to get across the finishing line. The following month the car took part in the Spa 24-hour race when it managed to finish in 5th place with this being a commendable result.article-2591029-1CA38B0200000578-156_964x512

The above Aston Martin featured in a number of more modest racing events in the coming years. Then, in 1965, it was bought by a Christopher Angel and appeared in a demonstration parade at the 1971 Le Mans 24-hour race. Subsequently, the car ended up in his garden with the intention that it be restored but such work did not take place due to him being unwell. In 2002, the car that by then was in a poor condition, was stolen. It was eventually found by the police more than 10 years later and fell into the ownership of the late Mr Angel’s family as he had passed away in 2003.

The car was sold by his family at the above auction still in need of restoration yet still achieved an excellent price. Let us hope that the new owner restores the classic Aston Martin DB Team car to its former glory.