That Shannons Auction Would Have Cost Me $324,450

A few weeks ago I wrote about the best lineup of cars I’ve seen at a Shannons classic car auction here in Australia in a long, long time. I’ve never been so motivated to blow my life savings in one place at one time.

The cars and the expected selling prices before the auction were as follows:

  • Porsche 924 ‘Turbo’ – est $5,500
  • Volvo P1800 Coupe – est $12,000
  • Citroen ID 19 – est $17,500
  • Alfa Romeo Spider – est $12,000
  • Fiat 500 Garidiniera Wagon – est $17,500
  • Citroen Light 15 Sedan – est $20,000
  • Rover Mini Cooper ’40′ – est $17,500
  • Jaguar Mk II – est $29,000
  • Porsche 928S – est $12,500
  • Porsche 911SC Cabriolet – est $37,500 (I think, didn’t write it down)
  • Renault-Alpine A110 – est $105,000

That’s an estimated total of $286,000 plus the same again to buy some land a shed to house them.

The auction was held earlier this week. So how much did the fleet sell for in the real world? And how accurate were Shannons’ estimates?

Note: the estimate I originally quoted was the mid-point, or median, of the estimated range they provided. I’ve put in this median figure, along with the top level of the range, in order to compare the final price achieved.

So let’s take a look.

Shannons Winter Classic Car Auction 2014

CARMEDIAN ESTIMATEUPPER RANGE ESTIMATESALE PRICE
Porsche 924$5,500$7,000$4,750
Volvo P1800 Coupe$12,000$12,000$10,500
Citroen ID 19$17,500$20,000$17,000
Alfa Romeo Spider$12,000$14,000$20,000
Fiat 500 Garidiniera Wagon$17,500$20,000$22,000
Citroen Light 15 Sedan$20,000$25,000$25,700
Rover Mini Cooper ’40′$17,500$20,000$20,500
Jaguar Mk II$29,000$32,000$34,000
Porsche 928S$12,500$15,000$17,500
Porsche 911SC Cabriolet$37,500$40,000$42,500
Alpine A110$105,000$120,000$110,000
Total$324,450

——

It turns out Shannons are pretty good with their range estimates, from a seller’s point of view, at least. All cars reached the bottom figure in the estimated range and most of these cars exceeded the top level of the range.

The biggest outlier is the Alfa Spider, a whole $6,000 over the top estimated price. It must have been in better condition than they thought (either that, or you had a couple of bidders that really wanted this car).

It’s a nice little study in confidence levels for future auctions.

Now, to start saving those dollars for the next time there’s a huge collection of cars that I actually want to buy!

One day there’ll be a Fulvia at one of these auctions…..

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5 Comments

  1. The Volvo 1800 sale was a great deal for someone. These little gems are still undervalued in my opinion.

    1. This one did need some work, according to the condition report (“the motor is smoky and various electrical items are non-operational”). That’d account for part of the lower price. But, yes, it’s not uncommon to pick one up here for just under $20K, which I think is good value for what you get.

      Having said that, there’s one for sale here in Australia for $35K at the moment!

  2. I need to start collecting Alfa Romeo Spiders here and shipping them to you! Dang, that’s a rich price.

    924s continue to get no respect. I suppose it’s with good reason.

  3. I’d luv to go French after all these years, but the red fenders are too wicked.

  4. ‘Alfa’ is collectible again. Anything in red and anything with chrome, apparently.