I am reprinting below an article from the ClassicCarsForSale.Co.UK website by renowned and well-respected journalist, Richard Hudson-Evans on the current state of the classsic car market.  I hope you may find it interesting.  I hope they don't mind me reprinting it too....

Latest market commentary from CCFS auction analyst Richard Hudson-Evans

Latest market commentary from CCFS auction analyst Richard Hudson-Evans

During the annual season-opening auctions in gun-toting Arizona, a 1958 Ferrari 250GT LWB California Spider sold at Gooding & Company for $8,250,000 (£5.2m) to become the week’s top seller and only just beating a $8,140,000 (£5.13m) 1960 250GT SWB Berlinetta ‘Competizione’ (digitally captured for you by photographer Eugene Robertson) at RM, where there were five Ferraris in the top ten.

Among  $2m+ valuations for Gooding cars at Scottsdale, a 1959 Porsche RSK Race-Spider realised $3,135,000 (£1.98m), a 1957 Maserati 150 GT Spider $3,080,000 (£1.94m), a 1935 Mercedes-Benz 500K Cabriolet A $2,750,000 (£1.73m), a 1933 Duesenberg Model J with Disappearing-Top $2,695,000 (£1.7m), a 1958 Ferrari 250GT Coupe Speciale £2,365,000 (£1.49m) and a 1938 Bugatti Type 57C Atalante $2,035,000 (£1.29m). After two very confident sessions last Friday and Saturday, Gooding sold 100 or 95% of the 105 cars in their catalogue for a premium-inclusive $52.44m (£33.04m). There is clearly no shortage of seriously big bucks for top end stock.

$2,007,500 (£1.26m) was also available for a 1967 Shelby 427 ‘Semi-Competition’ Cobra at the Biltmore Resort and Spa in Phoenix, where six more RM client cars broke the magic $1m barrier, a 1967 Ferrari 275GTB/4  at $1,842,500 (£1.16m), a 1938 Delahaye 135 MS Coupe $1,540,000 (£970,200), a 1966 Ferrari 275GTB $1,320,000 (£831,600), a 2003 Ferrari Enzo $1,320,000 (£831,600) and a 1954 Ferrrari 250 Europa Coupe $1,017,500 (£641,025). By the end of their top car focused event, RM had shifted 74 or 89% of their 83 car entry, 57 fewer than the 140 sold last year, although the $36.11m (£22.75m) RM sale total amounted to 42% more! Again, more evidence of strong and continued appreciation at the top end of the collector vehicle market.

During Bonhams’ second Arizona auction at the Westin Kierland Resort in Scottsdale last Thursday, when bidders from 28 countries contested 114 properties, buying 92 or 81% of them for $13.51m (£8.51m), twice as much as they did at last year’s debut sale, the international auction house sold a 1972 Lamborghini Miura SV from the Oldenburg Collection to a European collector for $1,215,000 (£765,450) and a 1930 Bugatti T46 Faux Cabriolet consigned by a British owner to a US collector for $951,000 (£599,130). Both bullish valuations, particularly in Sterling, I would suggest.

Again, four Ferraris also raced onto the Bonhams leader-board here too, led by a 1968 330GTS Spider with a $912,500 (£574,875) result, while a 1967 365 GTC Speciale, originally commissioned by Pirelli Tyre President Leopoldo Pirelli, made a world record $885,000 ($557,550). Also establishing a new record price for a Morgan model when sold for $230,000 (£144,900) was the actual 1964 London Motor Show exhibited +4 Coupe, one of only 26 of the Malvern-made Fixed Heads.

Following closely behind the European market leader’s record-breaking Las Vegas Motorcycle Auction at Bally’s Hotel and Casino on The Strip the preceding week, where a headlining 1939 BMW Rennsport 255 Kompressor bike sold to an American private buyer for $480,000 (£302,400), Bonhams US team’s January auctions realised in excess of $15m (£9.45m).

On the past form of this annual auctions bonanza in gun-toting Arizona, many more hundreds of prices for what will be mainly muscular American classics will soon pile up in my in-box from several days of high decibel Barrett-Jackson and Russo & Steele ‘drive-through’ hollering. Indeed, already filling my screen as it zapped across the B-J block accompanied by Bat-birds was the original 19 feet long, bubble-top ‘Batmobile’, which the Hollywood customiser George Barris created from a 1955 Lincoln Futura sourced for $1 in 1966.

So the story goes, the Bat-transformation took the ingenious Barris 15 days and $15,000 to complete, so that Adam West (‘The Caped Crusader’) and Burt Ward (his trusty sidekick ‘Robin’) could save the world in their comic-strip flier, which was famously equipped with lasers and could lay down eco-friendly smoke screens or oil slicks. By contrast, it took winning bidder, one Rick Champagne, a car collector from Phoenix, just a few minutes of abandoned bidding to part with $4.2m (£2.6m) and own what is claimed to be the original screen icon rather than one of the many look-alike publicity versions last seen in a cinema foyer near you. According to The Hollywood Reporter, Mr Champagne plans to tear a wall down so that he can park his Bat-investment in the living room!

Outside the sanctuary of their excellent tea rooms, and if today’s icicles outside my window are anything to go by, our own 2013 season may well have a somewhat cooler kick-off at SWVA at Parkstone, just outside Poole, this Friday 25 January morning or ACA at King’s Lynn Saturday 26. Brrr, brrr. It may even be too cold for a pint...

Please see, for your interest, information on the RAC's two classic events this year.  The Spring Classic is already full but there are entrries available for their EuroClassic in September.

 

 

INAUGURAL MSA SPRING CLASSIC - EVENT FULL!

International Motor Sports Ltd is delighted to announce that places on its inaugural MSA Spring Classic, 27/28 April, have already reached the maximum capacity.

MSA Classics are market leading classic car tours in the UK and Europe, featuring fantastic driving roads, stunning scenery, places of interest and motor sport venues.

The MSA Spring Classic is a brand new event for 2013, taking place on the weekend of 27/28 April. Open to cars over 20 years of age, and based at the exclusive Celtic Manor Resort in South Wales, the MSA Spring Classic is a chance for you to brush off the cobwebs after the winter and enjoy a weekend of classic motoring around Wales and the West of England.

Unlike many classic car tours, the MSA Spring Classic involves no element of competition, ensuring a relaxed atmosphere and the opportunity to travel at your own pace throughout the day.

Andrew Coe, chief executive of event organiser International Motor Sports Ltd (IMS) commented: "We have been overwhelmed with interest in this brand new event and are delighted that our new venture has been so received so warmly by classic car enthusiasts. Entries only opened on 19 December and it is wonderful that the event is already full with 80 entries. We regret we are now in a position of having to turn away entries, but promise we will run the event again in 2013 with a larger number of entries available."

International Motor Sports' other classic tour, the 2013 MSA Euroclassic, will start from Liege in Belgium on Monday 9 September and travel through Germany and France, taking in challenging roads, beautiful cities and motorsport venues old and new, before culminating with a gala dinner in Luxembourg on Saturday 14 September.

In its 21st year, the MSA Euroclassic will be open to cars over 20 years of age, as well as a limited number of more modern cars, and will again boast dedicated breakdown assistance at all times along the route.

Regulations and entry forms for the MSA Euroclassic are expected to be available early in 2013.

For the latest updates and information, follow International Motor Sports Ltdon Twitter @IntMotorSports, join the conversations on Facebook at

For more information and photography, please contact International Motor Sports on 01753 765100.

- ends -

NOTES FOR EDITORS

About the MSA Spring Classic

:: The 2013 MSA Spring Classic runs on 27/28 April.

:: The MSA Spring Classic is a non-competitive, scenic tour for classic

cars in Wales and West England, based at the exclusive five-star Celtic

Manor Resort.

:: There are no timings or penalties for not following the supplied route

and participants are free to travel at their own pace.

:: The route contains a number of check points, which are open for a

specified period.

:: Participants will be accompanied by a highly-experienced team of

officials.

About the MSA Euroclassic

:: The 2013 MSA Euroclassic will take place from 9-14 September.

:: The MSA Euroclassic is a non-competitive, scenic tour for past and present classic cars and modern classics across Europe, incorporating visits to museums, race circuits and other motoring and tourist-related locations en route.

:: There are no timings or penalties for not following the supplied route

and participants are free to travel at their own pace.

:: The route contains a number of check points, which are open for a

specified period.

:: Participants will be accompanied by a highly-experienced team of

officials and full breakdown support along the route.

About the organisers

:: IMS is a wholly owned subsidiary of the Royal Automobile Club Motor Sports Association Ltd (MSA), the governing body of motor sport in the UK. Additionally, IMS is the organisation behind the Formula 1 British Grand Prix and Wales Rally GB.

For more information and photography, please contact:

International Motor Sports, tel 01753 765100.

For high-resolution images, please contact:

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.,

Tel: 01753 765100.

[Press release distributed by CDWrite on behalf of International Motor Sports Limited. To unsubscribe from all CDWrite email lists, reply with "STOP" as the subject line]

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