FYI: The classic car and bike auction market is witnessing significant shifts, with Iconic Auctioneers setting new sales records for classic Fords and celebrity-owned automobiles, hinting at a promising future for high-quality collectible vehicles.
As 2024 closes, there is growing excitement in the classic car and bike auction scene, even amidst a volatile collector car market as reported by the Hagerty Market Rating. Iconic Auctioneers, a prominent player in this space, defied this year’s market stagnation with impressive sales. Rob Hubbard, managing director at Iconic Auctioneers, expressed optimism, stating, “While 2024 presented some market challenges, we concluded the year on a positive note.” The company has expanded its reach, engaging buyers in over 18 countries across Europe and the Americas.
Record-Breaking Ford Sales
Iconic Auctioneers have gained notoriety for setting multiple world records with their Ford model sales. A highlight was the sale of the 1990 Ford Sierra RS500 BTCC owned by British driver Tim Harvey, which fetched GBP 309,375. This piece of British motorsport history stands out for its immaculate preservation and renowned Labatt’s livery.
Another triumph for the auction house was the 1987 Ford RS200 sale. With only 8,877 miles and one previous owner, this rare gem exceeded expectations, selling for GBP 236,250. Its 1989 counterpart, with even fewer miles at 1,798, achieved GBP 247,500, underscoring the continued demand for these iconic models.
Unique Offerings and Celebrity-Owner Cars
Iconic Auctioneers continues its momentum with unique sales such as the 1976 Ford Escort RS2000, built exclusively for Henry Ford II. This unique car sold for GBP 59,062, praised for its distinct features like an automatic gearbox and bespoke leather interior.
In terms of celebrity-owned vehicles, English musician Chris Rea’s 1980 Ferrari Dino 308 GT4 garnered attention, selling for GBP 64,125. Another highlight was Guy Ritchie’s customized 2011 Land Rover Defender, which fetched GBP 84,375. Finally, Rowan Atkinson’s meticulously maintained Land Rover Heritage Defender sold for GBP 83,250, illustrating the exceptional interest in cars with celebrity provenance.
Performance Classics: A Showcase of Exceptional Cars
Performance classics had their time in the spotlight too. The Peugeot 205 Turbo 16, a limited Group B Homologation Special, set a UK auction record, securing GBP 227,250. The 1985 Porsche 911 Turbo demonstrated its enduring reputation by achieving GBP 119,250, surpassing its initial valuation.
In a notable auction, the 1985 MG Metro 6R4 ‘Group B’ shone brightly, realizing GBP 425,500. The demand for the Japanese classic, the 1999 Nissan Skyline R34 GT-R, was evident with its GBP 121,500 sale. Among the supercars, the 2001 Lamborghini Diablo VT 6.0 SE Coupé and the 2004 Lamborghini Murciélago Manual attracted attention, selling for GBP 425,500 and GBP 149,625 respectively.
For more insights and updates, reach out to us at tips@automotive.fyi, or on Twitter @automotivefyi.
Steven Hale, Editor of Automotive.fyi
In conclusion, despite the fluctuating market, the impressive achievements of Iconic Auctioneers illustrate the timeless allure of classic and celebrity-owned vehicles. The sales set this year are a testament to the enduring fascination with high-end, limited-production automobiles, indicating a bright outlook for auctions in 2025.
