S# EP 10 - Auction, Cigarettes and more

Before we get into sort of specifics, Josh, what's going on in the world of auctions? It feels like the market's turning.

Well, I don't know what's happening with everyone else, but we seem to be seeing more activity, bidders and buyers.

We had last week our clearance rate was 75%, which is the best it's been since we started.

So Maybe the market is starting to at least settle down and we're seeing people start to come back.

Or maybe people are starting to see, and I hate saying this, but maybe people are starting to see historic and classic and performance cars as a viable investment option and somewhere that's somewhat safe to park their money.

Well, I also wonder too, I think that Monterey auction week this year, and we've talked about it before, had such a phenomenal result, over 740 odd million USD in sales.

That's got to inspire the, you know, when the biggest week of the year does so well, that's got to inspire some confidence in the market globally, you would have thought.

I would say it does have some impact and influence on people's behaviour in terms of getting out there and putting their hand in their pocket and buying classic

cars.

One of the great sales for us last week was this little 911.

It was a 69 911T.

69 911t but with a few other parts a bit of a sort of a resto moddy car but car sort of put together with a lot of passion by uh ian murray the the america's cup yachtsman and very well known in certainly sydney and global yachting circles and he put a lot of love and care into this car over 20 years and yeah we um we smashed the reserve and the car sold for 241 000 so uh yeah great result there if you did miss out on that car because we had quite

a number of bidders and and there was only one winner obviously we actually have a similar car um being photographed at the moment um same same sort of thing similar sort of spec it's a i don't know what the donor car was i can't remember but it is a a 73 rs tribute car as well fantastic hopefully it'll land on site in the next week or so

Yeah, and look, I have seen some preview shots of that car.

It's a very tidy little car as well.

You know, we also shifted just a stunning 67 Mustang Fastback, just a full nut and bolt rebuild, beautiful car.

And really, really, I think a great buy at $117,000 for that car.

So yeah, some really good results.

We've got a lot of good stuff coming up.

I mean, just jumping abroad for a minute, you know, one of the cars that we missed when we were talking about Monterey a week or two ago was Sean Connery's personal DB5, which I think was sold by his estate or his family in 2020, had resold for $2.4 million.

Well, sorry, I correct myself there.

He'd owned the car until his death in 2020, of course, and the car was offered from his estate.

So it's only just been sold by his estate.

A gorgeous car that he himself had quite a bit of work done on it.

Jackie Stewart had been in the car with him.