Bonhams, Goodwood Festival of Speed, Chichester, Sussex, UK, July 2, 2010
Report by Rick Carey, Auction Editor
The number of replicas and boy-racer modified cars at Bonham’s Goodwood Festival sale this year was surprising. Three GT40 replicas, a Cobra replica (with V-6 power at that), several modified Mustangs, a re-engined Corvette, and more. Even the cover car, the dramatic ‘Knobbly’, was built up from a few period parts of nebulous origin. Particularly noticeable among them for U.S. observers were the strong results earned by the modified first- and second-generation Mustangs, results that similar cars on their home side of the Atlantic would find it hard, if not impossible, to match. They were drivers’ cars, with 5-speed gearboxes and upgraded suspensions, a category that struggles in the U.S.
Overall the sale did very well, selling 75 of the 93 cars offered (80.7%), a total of $5,365,532, a marked improvement from last year’s 45 of 68 offered (66.2%) and $3,807,558. Even more important, 22.7% of the lots sold brought hammer bids over their high estimate (8.9% last year) and the total of the sold cars’ hammer bids beat the total low estimate by 9%.
There were some exceptional transactions, too, notably the Riley 9hp Imp restoration project which beat its high estimate by 70%. On the other hand, the Healey 100/M seemed to be a genuine value, even taking into account the recent decline in the pound against the dollar.
An expanded list of the cars offered and sold is presented elsewhere. If you see a car there with a condition rating that isn’t covered here and you’d like to know what we thought of it, drop us an e-mail at [email protected].
Photos from the catalog, courtesy of Bonhams.
[Source: Rick Carey; photo credit: Bonhams]