Ones to watch in 2017 - Market commentary by Will Smith
6th January 2017
2016 was an excellent year for Silverstone Auctions and certainly surpassed our expectations. Our sale rooms were busier than ever, with many new clients buying and selling with us, and we finished the year with an amazing total of 445 cars sold for a total sales value of £26million, including an incredible 10 new world records.
After such a fantastic year we’re extremely excited for 2017, when we will be hosting eight sales at some of the most important and best attended motoring events in the UK, such as Race Retro, the Silverstone Classic, Salon Privé and the NEC Classic Motor Show.
During recent years we’ve established a great niche for ourselves selling modern classics, including Fast Fords, which show no signs of slowing down, as they are by far the most popular marque in the UK. They have almost twice as many hits on our website and affiliate advertising websites than any other manufacturer. This suggests interest in the Ford market and rising prices will continue well into 2017.
I would say Escort Cosworths are still a great buy, as are E30 M3s, which continue to attract significant interest at our auctions.
With our ever fast growing international client base, and the recent surge in alternative investment, our clients are finding it more attractive than ever to purchase the classic they have always wanted. We’ve some of the biggest known classic car collectors among our customers, and we’re already preparing a very exciting catalogue for our first sale of the New Year.