The Silverstone Auctions Porsche only sale returns this October
As the 2016 Porsche Sale approaches, Nick Whale, managing director, Silverstone Auctions previews the event and offers insight into the classic car market:
We’re huge fans of Porsche at Silverstone Auctions and so we were honoured back in early 2015 when Porsche Club GB approached us to host a very special Porsche only sale, our first ever marque specific auction. We auctioned nearly 60 best of breed Porsches at Silverstone circuit, welcoming more than 300 Porsche enthusiasts, including a significant number of Club members. An amazing 70% of cars were sold to new owners, with total sales of more than £2.7million.
It was great to see such a varied collection of Porsches on offer at the auction. From a restoration project 356 B, limited edition Boxster, flatnose 911s, and headlining the sale a genuine 911 Carrera RS 2.7 Touring, the sale was a true testament to the quality of cars consigned by both Porsche Club GB and the Silverstone Auctions team - representing what we felt to be the very best cars available on the current market.
The partnership between Silverstone Auctions and Porsche Club GB has only grown stronger in 2016 and we’ve been making plans to ensure that this year’s sale is even more special. Taking place on Saturday 15th October back at Silverstone circuit, I’m certain that this year’s catalogue will feature the same fantastic quality of cars.
The Classic Car Market
So what of the current classic car market? The results from our most recent sales prove that the best cars will always appeal. Original UK, right-hand drive cars with good provenance continue to be in demand so it’s important that would be investors and collectors have the right information and utilise professional advice when buying and selling.
Post-referendum we have seen that the immediate effect is that it is cheaper for European and US buyers to purchase cars from the UK so that’s a positive. However, the classic car market has always been, and is increasingly, an enthusiast lead market, and there’s no reason for the levels of enthusiasm to change.
With the recent interest rate reduction and with poor returns in traditional investor markets, tangible assets and classic cars in particular should perform well, as we saw during the sub-prime crisis in 2008/2009. The market has seen a sensible self-correction at the top end during the last 18 months and this should satisfy investors that classic cars are a safe place to invest. The sub-£100,000 bracket continues to perform well with modern-classics seeing the largest area of growth. People have few other investment options at this time and if you are an enthusiast who has some cash in the bank, why not indulge in your dream classic?
Sell your Porsche
With that we’re now inviting entries into the sale, so if you’ve got a classic or modern Porsche you’re looking to sell, then why not speak with us to see what we could do for you. The Silverstone Auctions team is a hive of knowledge – with a handful of racing drivers, restorers and automotive photographers, all on hand to offer support and information. We know first-hand how important it is to buy a car with known history and provenance, which is why we strive to consign cars that we would own ourselves. And what better place to sell your Porsche than in front of hundreds of Porsche enthusiasts and Club members?
Members’ evening with Derek Bell at Silverstone
Porsche Club GB members are cordially to an evening with Derek Bell, MBE, at the Silverstone Wing on the eve of the 2016 Silverstone Auctions Porsche Sale. Taking place on Friday, 14th October, the evening with Derek, himself a Porsche Club GB honorary member, will be free for members to attend and will begin at around 6pm.
Henry Hope-Frost will oversee proceedings, with Derek on hand after his question-and-answer session to sign autographs and meet members. Those who would like to attend are asked to e-mail admin@porscheclubgb.com with their membership details so that we are able to gauge numbers.
The Sale
The sale itself takes place from 1.30pm on Saturday 15th October and once again a number of Porsche specialists will be present at the sale. Club members will receive 50% off the catalogue price with their membership card. As always if you can’t attend the sale in person you’ll be able to bid by phone, online, or by leaving a commission bid with us before the sale.
Keep an eye on the Silverstone Auctions’ website, Twitter, Instagram and Facebook pages, as well as Porsche Club GB social media channels and the next issue of Porsche Post, for details of the cars consigned.
To talk to Silverstone Auctions about selling your car at the sale please call 01926 691141 or email enquiries@silverstoneauctions.com.