Bonhams, Bond Street, London, December 6, 2015
Christmas in London is a festive time [so I’m told by people fortunate enough to have been there] and judging from Bonhams Bond Street sale on December 6 Ebenezer Scrooge’s miasma has been thoroughly diffused by a new generations of free-spending celebrants.
Bonhams neatly configured the Bond Street auction as a boutique sale; just 27 lots of exceptional quality. For discerning collectors the mix of choice classics from Invicta, Bentley, Frazer Nash and Lagonda and Austin-Healeys and Ferraris from the Fifties-made Christmas wishes come true. Santa even had something for newer collectors with late model Ferraris and a McLaren.
Bond Street was followed four days later by a more eclectic sale at the RAF Museum in Hendon. Results were more modest but also made more modestly-fixed collectors’ Christmas wishes come true as well. While the Bond Street sale had a median transaction of $644,921, the Hendon sale’s median was just $41,886 (a Jaguar Mark VIII Sedan.)
It was, however, the median transaction at Bond Street that made the headlines, a beautifully restored lefthand drive (in a righthand drive venue) Jaguar XK 150 3.8 overdrive Drophead Coupe. Its price, $644,921 with commission, is without precedent.
Consider that at Hendon a few days later $129,755 could have taken home a sound, usable, cosmetically restored XK 150S 3.4 Drophead. The difference is quality is material, but the difference in result is jaw-dropping.
Of such anomalies are conundra made.
And it is on the wings of such conundra that we proceed to Arizona in a few weeks…
(Bonhams Bond Street auction photography is courtesy of Bonhams.)
Bonhams Bond Street 2015 – Auction Report