Classic Cars Break Records in 11hr Marathon Auction
In an 11-hour long Classic Car auction event on Saturday proved that the collectable car market is as strong as ever, with some incredible prices achieved under the hammer.
Starting at 10am on Saturday, in what was their largest classic car collection ever, compromising of over 450 vehicles altogether, Lloyds Auctions sold everything from American muscle, prestige European classics to some highly anticipated Ford and Holden models.
“From the podium I could see the confidence in the bidding, there was an incredibly strong sell through rate under the hammer with the majority of the remaining cars to sell under referral in the next 24-48 hours,” said Mr. Lee Hames, Chief Operations Officer for Lloyds Auctions.
A 1990 Holden Commodore VN SS Group A 1 of only 302 ever built sold for $385,000 under the hammer.
Representing European classics, a 1963 Mercedes-Benz 190SL convertible sold for $245,000.
The auction finished just before 10pm and was LIVE streamed to viewers across the country but also attracting international attention.
“We had comments on our LIVE stream from international viewers, one I recall from Phoenix, Arizona in the U.S which is really exciting for us and a testament to the entire team’s hard work and dedication to make this event happen over the last few months,” said Mr. Hames.
“We are just so thrilled that Australians tuned in and stayed with us until the very end, we still had thousands watching right up until nearly 10pm,” continued Mr. Hames.
Australian classics including Holden and Fords continue to appreciate, anything of a limited build, celebrity affiliation, significant history or chrome bumpers seem to increase in value and Lloyds urge any Holden or Ford enthusiast looking for advice to give them a call now.