RE: Lagonda auction exceeds estimate

RE: Lagonda auction exceeds estimate

Friday 28th July 2006

Lagonda auction exceeds estimate

Rare barn find goes for double the estimated


Lagonda Drophead Coupe
Lagonda Drophead Coupe
The sun shone and the bidders flocked to the H&H auction at Buxton, Derbyshire this week, at which 80 per cent of the lots sold and many of the cars made way over their estimate.

Among them was the star car, a time warp, ‘barn find’ 1939 Lagonda V12 Drophead Coupe that had not turned a wheel for some 40 years, until dragged from its hiding place for entry in the auction. The car was hard fought over until the hammer finally fell at just under £82,000 – over double the lower estimate.

The stunning silver Bentley 4.25-litre Vanden Plas-style Tourer eventually sold for a shade under £95,000 – a figure equivalent to the car’s top estimate. A magnificent 1998 Aston Martin V8 Vantage finished in midnight blue – once the property of the former Burton Group Chairman, Sir Ralph Halpern – found a new home for £66,650 – again, far more than had been estimated.

Two superb Jaguar E-Types had been entered for the auction, both of which made excellent money – as predicted. The black 1965 4.2-litre Fixed Head Coupe realised £38,700, while the very rare 1961 Flat Floor 3.8-litre Roadster netted in excess of £50,500. The pretty 1933 Lagonda 3.5-litre Pillarless Saloon finished in grey over silver was bang on the money at £32,250.

The 1968 works-prepared Hillman Hunter Rally Car entered by JCB fetched nearly £27,500 – almost twice its lower estimate. This was especially good news for the NSPCC, to whom the proceeds are being donated.

The nicely presented blue 1982 Rolls-Royce Corniche Coupe – once the property of Kenny Baker, best known as the man inside the popular Star Wars character, R2 D2 – fetched a touch more than expected at just over £14,500.

Said H&H’s Simon Hope, "None of our competitors can generally match the 80 per cent sale rate that we regularly achieve, and managed again this week. Moreover, few ever achieve it with sales of such magnitude – in this case, one of almost 100 cars: among which was something for everyone."

Author
Discussion

NickFRP

Original Poster:

5,113 posts

241 months

Friday 28th July 2006
quotequote all
CORRECTION

It says in the Artical above that the 1939 LAGONDA V12 DROPHEAD COUPE sold for 82,000.00 but Actual it sold for 76,000.00



Lot 91

Further photographs
Status SOLD
Estimate £40000 - 50000
Hammer Price £76000.00
Mileage T.B.A.
Colour BLUE
Trim Colour BEIGE
Chassis No 14092
Engine No 14092
Registration MG 6768
CC 4480
M.O.T NONE


LOL

Andrew Noakes

914 posts

246 months

Friday 28th July 2006
quotequote all
Hammer price was £76k, including commission it's about £82k.

scotty_917

1,034 posts

228 months

Friday 28th July 2006
quotequote all
more money than sense!

ettore

4,287 posts

258 months

Friday 28th July 2006
quotequote all
Auction prices have gone mad again - last time this happened, in 1989, it all went Pete Tong straight afterwards. Either something was wrong with the Buxton water that day or someone got carried away with themselves.Those prices are over-inflated....

Edited by ettore on Friday 28th July 14:49

sneakypete

173 posts

235 months

Friday 28th July 2006
quotequote all
Was the plate 'RR2D2'?

mybrainhurts

90,809 posts

261 months

Friday 28th July 2006
quotequote all
Anybody know who bought it...?

Cotty

40,105 posts

290 months

Saturday 29th July 2006
quotequote all
amazing how these ‘barn find's’ crop up

k wright

1,039 posts

265 months

Saturday 29th July 2006
quotequote all
Look at that photo...the only tracks that car has made are literally out of the barn. Think that was stagged?

williamp

19,487 posts

279 months

Monday 31st July 2006
quotequote all
ettore said:
Auction prices have gone mad again - last time this happened, in 1989, it all went Pete Tong straight afterwards. Either something was wrong with the Buxton water that day or someone got carried away with themselves.Those prices are over-inflated....

Edited by ettore on Friday 28th July 14:49


not sure that they have gone mad. They were well above estimate, yes: but other auctions are not doing that well. I was at the Aston auction in may. Some cars were silly money, others were very good money indeed: a Virage Volante for £28k, a Virage with a turbocharged 7 litre v8 conversion (720 bhp, 1,146 lb ft) went for 45K, V8 volante for £35K... There are still good deals to be had. But bargains? I doubt it any more.

zoom_jones

858 posts

265 months

Monday 31st July 2006
quotequote all
k wright said:
Look at that photo...the only tracks that car has made are literally out of the barn. Think that was stagged?


I'd say the fact that it has what looks like a radio aerial is more than a little suspicious...

Andrew Noakes

914 posts

246 months

Monday 31st July 2006
quotequote all
zoom_jones said:
I'd say the fact that it has what looks like a radio aerial is more than a little suspicious...


In-car radio was not a novelty in 1966.

jith

2,752 posts

221 months

Monday 31st July 2006
quotequote all
Andrew Noakes said:
zoom_jones said:
I'd say the fact that it has what looks like a radio aerial is more than a little suspicious...


In-car radio was not a novelty in 1966.


Sorry Andrew, but I'm afraid it was.
Virtually every car made in that era came with no music, with the possible exception of RR, Bentley and I think most of the P4 Rovers!
I had lots of customers from that era who preferred their engine note and never fitted any sort of radio/stereo; with things like E-Types, DB5s, Darts, etc, who could blame them.
The Stones and the Beatles just couldn't compete!!
The people to introduce music in a car as standard were the Japanese and in particular Datsun, who made it one of their foremost marketing features.

zoom_jones

858 posts

265 months

Monday 31st July 2006
quotequote all
Andrew Noakes said:
zoom_jones said:
I'd say the fact that it has what looks like a radio aerial is more than a little suspicious...


In-car radio was not a novelty in 1966.


You're right, my mistake.:

ettore

4,287 posts

258 months

Monday 31st July 2006
quotequote all
williamp said:
ettore said:
Auction prices have gone mad again - last time this happened, in 1989, it all went Pete Tong straight afterwards. Either something was wrong with the Buxton water that day or someone got carried away with themselves.Those prices are over-inflated....

Edited by ettore on Friday 28th July 14:49


not sure that they have gone mad. They were well above estimate, yes: but other auctions are not doing that well. I was at the Aston auction in may. Some cars were silly money, others were very good money indeed: a Virage Volante for £28k, a Virage with a turbocharged 7 litre v8 conversion (720 bhp, 1,146 lb ft) went for 45K, V8 volante for £35K... There are still good deals to be had. But bargains? I doubt it any more.



Is that the Aston auction where the barn-find DB4 went for over £70K? - for the first time since 1989 we are seeing massive inflation with, quite frankly stupid, prices. I suspect that many of these bids are not generated by long-term knowledgable punters. T

There is still plenty of appropriately priced metal around. The Virage prices that you quote are meaningless - they are currently deeply unfashionable and will be approaching the lower end of their value curve.

williamp

19,487 posts

279 months

Monday 31st July 2006
quotequote all
ettore said:
williamp said:
ettore said:
Auction prices have gone mad again - last time this happened, in 1989, it all went Pete Tong straight afterwards. Either something was wrong with the Buxton water that day or someone got carried away with themselves.Those prices are over-inflated....

Edited by ettore on Friday 28th July 14:49


not sure that they have gone mad. They were well above estimate, yes: but other auctions are not doing that well. I was at the Aston auction in may. Some cars were silly money, others were very good money indeed: a Virage Volante for £28k, a Virage with a turbocharged 7 litre v8 conversion (720 bhp, 1,146 lb ft) went for 45K, V8 volante for £35K... There are still good deals to be had. But bargains? I doubt it any more.



Is that the Aston auction where the barn-find DB4 went for over £70K? - for the first time since 1989 we are seeing massive inflation with, quite frankly stupid, prices. I suspect that many of these bids are not generated by long-term knowledgable punters. T

There is still plenty of appropriately priced metal around. The Virage prices that you quote are meaningless - they are currently deeply unfashionable and will be approaching the lower end of their value curve.


Yes thats the one. My point was that we are seeing some silly prices- as we have always done.But I am not convinced that the auction market has gone silly again. One or two good cars yets, but not all of them. Having said that, Octane magazine has a very interetsing feature this month on auction prices.

Andrew Noakes

914 posts

246 months

Monday 31st July 2006
quotequote all
jith said:
Andrew Noakes said:
In-car radio was not a novelty in 1966.


Sorry Andrew, but I'm afraid it was... The people to introduce music in a car as standard were the Japanese


Car radios certainly weren't universally standard as they are today, but plenty of cars were fitted with them and had been back into the 1940s. A very unscientific proof: flicking through the Motor road test yearbook for 1967 there are more cars with than without - including such upmarket cars as the HB Viva, Wartburg Knight, Daf 44 and Fiat 600D!

williamp

19,487 posts

279 months

Monday 31st July 2006
quotequote all
Andrew Noakes said:
jith said:
Andrew Noakes said:
In-car radio was not a novelty in 1966.


Sorry Andrew, but I'm afraid it was... The people to introduce music in a car as standard were the Japanese


Car radios certainly weren't universally standard as they are today, but plenty of cars were fitted with them and had been back into the 1940s. A very unscientific proof: flicking through the Motor road test yearbook for 1967 there are more cars with than without - including such upmarket cars as the HB Viva, Wartburg Knight, Daf 44 and Fiat 600D!



Conversly, many German "premium" car makers listed a radio as an option well into the 1980s' Volkswagen and BMW for two examples.

Oh, Andrew: I got your DB7 book on friday from Motor books. So far, a great read. Keep it up!