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The annual Bonham’s jamboree at Newport Pagnell is nearly here again.
This year there are three Lagonda’s in fine fettle entered:
Viewing times as follows:
16 May 2014 17:00 – 20:00 BST
17 May 2014 09:00 – 11:00 BSThttp://www.bonhams.com/auctions/21900/
Look forward to seeing plenty of enthusiasts for these wonderful cars there.
Lots 205* The last Rapide built and desirable long term 46 year ownership
1964 Aston Martin Lagonda Rapide Sports Saloon
Chassis no. LR/155/R Engine no. 400/155
Lot 224 A Rapide with rare original manual gearbox
1962 Aston Martin Lagonda Rapide Sports Saloon
Registration no. 572 UYE Chassis no. LR/108/R Engine no. 400/108
Lot 233 -ex. Sir David Brown – unique car.
1969 Aston Martin Lagonda 4-Door Prototype
Registration no. JPP 5G Chassis no. MP/230/1 Engine no. V/540/008/EE
110 for 155 and 155 for 108, hammer. On the up?
Seems in line with prices for the last year or so…but still going up. Each car is so individual; condition, specification, history etc that’s it’s hard to gauge exactly what prices are doing, but maybe not rocketing up…
Saw this car in the garage a few days ago, it’s not mine… 😉
Back online, so LR108 made ?175k, and LR155 made ?125 with buyers premium if I am correct.
It was a fine set of cars which I saw yesterday at NP.
LR155 was cheap, in my view – a very nice car.
I was disappointed, and surprised, that David Brown’s V8 didn’t sell (it wasn’t even close).
The David Brown V8 has been knocking around the trade since it was sold privately to Desmond Smail about a year go.
Perhaps this was a not a classic Bonham’s AML sale ?
I viewed the cars on the Friday, and there were many lovely cars there, including a fine blue DB4 I liked. Several key unsold’s, and the Feltham cars faired very poorly this year; also the project cars (save for the DB5’s which seem to exist on a different planet) sold at more normal prices. That is if such a thing exists at these auctions.
May I assume that 108 was snapped up by the Fleet buyer ?
I am curious if it was a telephone or auction room bid that won 155, and if that is also going abroad again ?
PM if you don’t want to answer on the forum directly please.
I didn’t stay until the end. But, generally, my impression was that most of the sales / unsolds were unremarkable.
One exception was the project cars, of which there was a glut this year. They all achieved hammer prices anything between a good price (MkIII DHC) and a bonkers one (a bitsa DB4/5 car with no hope of anything other than a ‘Q’ plate). Specifically, for example: Lot 216 (a prototype DB5 absolute wreck) which made ?393,500 (inc bp); Lot 225 (a MkIII DHC stored since the ’70s and in dreadful state) which made ?144,860 (inc bp); Lot 232 (a dismantled DB5 that was a legacy to AMOC) which made ?259,100 (inc bp); and Lot 239 (a DB5 front glued to a DB4 rear, without an engine of ID) which made ?102,300 (inc bp).
As you suggest, the Feltham cars in drivable condition did not fair well. There were some great bargains secured, including: Lot 210 (a DB2 DHC) which made only ?169,500 i.e. circa ?130k below market on a good day; Lot 223 (a MkII ‘notch back’) which made only ?158,300 (inc bp) i.e. circa ?100k below market; and Lot 234 (a 2/4 coupe) which made only ?107,900 (inc bp) i.e. circa ?80k down on ‘book’.
As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious ‘disconnect’ between catalogue description and available history file.
David may correct me on this but I think 108 sold in the room. My guess is that the ‘fleet buyer’ is no longer collecting.
People love a wreck – it’s the same for houses, they imagine how it will be and that dictates what they are prepared to pay. There did seem to be some very good value cars, maybe the classic car market is cooling slightly with house prices rising so quickly. I don’t know who bought 108 but I don’t think it was someone in the room, if I find out I will let you know…
It was hard for me to tell because the traditional heavy hitters were standing in the corner camera left of the auctioneer. The bids seemed to me to be coming from this direction. However, equally these may have been on the telephone or internet.
I believe the “Fleet buyer” was expected at the sale on Saturday, and poss. a Saudi Arabian buyer who had entered the ring for the first time – but by phone; and a 3rd buyer (phone) who was the under-bidder for LR129 last year.
I believe all of that which you suggest was indeed the case (particularly since I was standing next to some of the said persons at one point). However, as I say, my guess is that the view has been taken that the fleet buyer now has a sufficiency of Rapides.
A listing of several cars sold and prices achieved at the auction.
imho, a more lacklustre sale than previous ones…
Lot No: Descriptiom Sold/Not Sold Hammer Price Price incl Premium
201 1954 Aston Martin DB2/4 ‘Mark I’ 3.0-Litre Sports Saloon Coachwork by Mulliners of Birmingham Registration no. POH 292 Chassis no. LML/731 Engine no. VB6J/161 Sold ?70,000.00 ?79,900.00
205 1964 Aston Martin Lagonda Rapide Sports Saloon Chassis no. LR/155/R Engine no. 400/155 Sold ?110,000.00 ?124,700.00
208 1953 Aston Martin DB 2/4 ‘Notchback’ Coachwork by Mulliners Chassis no. LML/515 Engine no. VB6J 286L Sold ?235,000.00 ?264,700.00
210 1952 Aston Martin DB2 Drophead Coup? Registration no. VJB 377 Chassis no. LML/50/203 Engine no. VB6B/50/1080 Sold ?150,000.00 ?169,500.00
216 1963 Aston Martin DB5 Sports Saloon Project Registration no. DMM 3A Chassis no. DB5/1451/R Engine no. 400/1738 Sold ?350,000.00 ?393,500.00
219 1954 DB2/4 3.0 litre Sport Saloon Reg No: RRH888; Chassis No: LML/824; Engine no: VB6J/300 Not Sold High Bid
?105,000.00223 1956 Aston Martin DB2/4 MkII Fixed-head Coup? Coachwork by Tickford Chassis no. AM300/1241 Sold ?140,000.00 ?158,300.00
224 1962 Aston Martin Lagonda Rapide Sports Saloon Registration no. 572 UYE Chassis no. LR/108/R Engine no. 400/108 Sold ?155,000.00 ?175,100.00
225 1958 Aston Martin DB MK III Drophead Coup? Project Coachwork by Tickford Registration no. PUX 700 Chassis no. AM300/3/1430 Engine no. DBA/1068 Sold ?128,000.00 ?144,860.00
231 1963 Aston Martin DB4 ‘Series V’ Vantage Sports Saloon Registration no. 748 HYT Chassis no. DB4/1207/R Engine no. 370/1208/SS Sold ?260,000.00 ?292,700.00
233 1969 Aston Martin Lagonda 4 door Prototype. Registration No: JPP5G; Chassis No: MP/230/1; V/540/008/E Not Sold High Bid
?260,000.00234 1955 Aston Martin DB2/4 ‘Mark I’ 3.0-Litre Sports Saloon Coachwork by Mulliners of Birmingham Registration no. ROC 926 Chassis no. LML/866 Engine no. VB6J/323 Sold ?95,000.00 ?107,900.00
240 1958 Aston Martin DB MkIII Sports Saloon Coachwork by Tickford Registration no. NCH 888 Chassis no. AM300/3/1690 Engine no. DBA/1319 Sold ?135,000.00 ?152,700.00
243 1952 Aston Martin DB2 Sports Saloon Coachwork by Mulliners (Birmingham) Ltd Chassis no. LML/50/264 Engine no. VB6B/50/1100 Sold ?115,000.00 ?130,300.00
This is great news to me as I am not a hedge fund manager and would love to have a post war Aston. I hope the prices keep falling!
I think we can all dream, but unlikely to happen at the moment..
“As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious ‘disconnect’ between catalogue description and available history file.”
Tim,
I find myself agreeing with you… one too many cars at the same auction, and also LR133 hanging around in the background at what ever price it is now, does not help.
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