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First sale for new car auction house

Classic Car Auctions, a spin-off company of Silverstone Auctions, will hold its first sale on 3 March. The new auction house focuses on selling 'everyman' classics with estimated values of £25,000 or less. 

The special launch sale will take place inside the F1 pit garages, and TV presenter Quentin Willson will be on hand to sell the first lot. The presenter of Channel 5's The Classic Car Show will hammer away the first lot, the proceeds of which will be donated to the The Mercia Multiple Sclerosis Therapy Centre in Coventry.

More than 60 cars are on offer at the sale, spanning more than 60 years of car production. Estimated prices range from a few thousand pounds to £24,000-£26,000 for a 2001 Porsche 911 (996) Turbo. 

Classic Car Auctions will host regular sales at the Silverstone Circuit every other month. The first takes place on 21 April, with regular sales on the first Tuesday of every other month starting from June.  

Auction Manager of CCA, Joe Watts, said: ‘Our aim with this new venture is to make buying and selling a classic car as easy and as straightforward as possible, as well as to inject some energy into this area of the market.’

The cost of selling a car at a Classic Car Auctions event will be lower than it is at a Silverstone auction. The fee to consign a car is £60 and, at 6%, the buyer’s commission is less than half that of a Silverstone sale.

Joe added: ‘For buyers, CCA will offer the opportunity to buy an impressive selection of iconic classic cars, from Golf GTIs, to MG Bs, Minis and Alfa Spiders. We will offer a fantastic selection of affordable classic cars including potential projects, those that can be enjoyed every day as well as best of breed examples. Each will be presented with extensive information and detailed condition reports.’

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By Claire Evans

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