Market jitters fail to unnerve classic car owners
Economic woes did not deter vendors at Shannons' Sydney Motor Show AuctionAttendees were down in numbers and an XW GT HO Falcon failed to sell, but the Sydney Motor Show Auction attracted good results for some vendors, nonetheless.
Shannons, the event organiser, believes that many buyers who fronted up to the auction did so expecting to pick up some bargains. Nothing could be further from the truth, with many vendors proving unwilling to let go of their prized possessions for fire-sale prices.
An early model Mustang, a Pontiac GTO with the Endura nose, an XA Falcon GT 'RP083', a Ferrari Dino 308 GT4, an E-Type Jaguar convertible and a Torana A9/X were all passed in, proving that vendors may have outnumbered buyers at the auction, but they weren't going to blink.
If there were any number of cars that didn't sell -- and should have -- there were also a number of cars that are either not quite as desirable or not yet worthy of 'classic' status that did sell, and sold above the guiding price.
One such was the Ferrari Testarossa from 1985 (pictured), which sold for a sum $10,000 higher than the ceiling price suggested prior to the auction. The Ferrari, one model never officially imported into Australia, had been expected to sell for no more than $95,000, but drew bids from numerous bidders on the floor and on the phone, before the auctioneers accepted the final bid of $105,000.
Among the other cars to sell at auction were the black 1957 Triumph TR3A that sold for $38,000 -- $8000 above the ceiling price guide -- and a 1928 Ford Model A Tourer (pictured), picked up for $36,000 ($1000 above the ceiling price).
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