Buyers Return to Classic Car Sales in Australia

Though the Australian new car market is not doing that well, it seems that customer confidence and especially customer money have returned to classic auctions, judging by the results from Shannons November 23 Melbourne Summer. Over 90 percent of the car lot was sold and the total amount of the transactions was close to $1 million, therefore everyone present was very happy with the end result.

“We had a crowd of nearly 600 people in attendance and there were many keen bidders, with a number of vehicles exceeding their estimates
,” said Shannons National Auction Manager, Christophe Boribon. “There was a feeling of renewed confidence in the room.

The most expensive car sold at this auction was a well-preserved and original Australian-delivered 1977 Porsche 911 Turbo 3.0, which sold for $74,000. The Porsche was closely followed by an ex-US 1973 Jaguar E-Type Series 3 V12 with manual transmission auctioned for $67,000. Both amounts are excellent results for these vehicles.

The auction of Victoria black and white numerical number plates also got a lot of attention, as the plate ‘345’ was bought for $82,000, ahead of the ‘309’ number plate bought for $81,000; the ‘899’ and ‘565’  auctioned for $77,000 and $72,000, respectively.

Post-War British and American cars attracted a lot of interest from buyers. A 1948 Packard Series 22 Sedan was sold for $25,000, while a restored 1949 Morris Minor ‘Low Light’ sedan got $9,500, the same as a 1950 Ford Prefect in restored condition.
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