Brand new classic car auction house CCA sold an impressive £400,000 worth of classics, with a 65 per cent sales rate, at its launch sale on March 3rd at Silverstone race circuit.
With a fantastic range of cars displayed in the iconic F1 pit garages, the halls at the legendary venue were packed as Quentin Willson, renowned classic car expert, gave the buyers some insider tips on how to buy a classic car at auction. Willson also hammered away the first ever lot, a 1951 Land Rover Series 1; for a winning bid of £5,035 including premium.
The highest selling car on the day was an incredibly rare Riviera Blue 2001 Porsche 911 (996) Turbo, which fetched a total of £30,740, more than £4,000 over its lower estimate. Close behind was a rare and sought after 2001 Morgan Aero 8, selling for a premium inclusive £27,030. Wowing the crowds was a last of the line 2001 Rover Mini Cooper with just 182 miles on the clock. The last to be sold in Scotland, the time warp car sold for £16,854 including premium.
Speaking after the successful first sale, auction manager of CCA, Joe Watts, said: “It’s been a great first ever sale for us and it’s been fantastic to see so many enthusiasts and buyers come and visit us for what will hopefully be the first of many.”
Other highlight cars sold included a 2000 Jaguar XKR Silverstone; one of just 50 ever made. The car had just 54,000 miles on its clock and sold for £20,140. A 1969 Jaguar 4.2 MK 2, with a striking blue exterior and luxurious red leather interior, also sold for a substantial sum of £19,504.
M powered BMWs were clearly in demand at the sale. A low mileage, vibrant blue 1998 BMW E36 M3 EVO was purchased for a significant £13,250. Joining the M3 was a 1993 BMW M5 Nurburgring Edition, supplied with an extensive history file, which sold for £13,356; more than £2,000 over its lower estimate.
There were also some bargains and great value to be had at the auction. A 2003 Mercedes-Benz SLK 200 Kompressor with just 55,000 miles from new sold for £3,180 while a luxurious 1995 Mercedes-Benz S500 Coupe Auto sold for £2,650.
Joe added: “After a great start we look forward to welcoming entries into our next sale and offering more buyers and sellers a simple, modern solution to buying and selling a classic car.”
Entries are now invited into CCA’s next sale on 21st April, once again taking place at Silverstone circuit, with interest in placed on cars up to an approximate value of £25,000.
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