The inaugural CTS Auctions event was held December 5th, 2009 in Sydney, Australia at their Sydney Harbour Bridge showroom, with a strong catalog of cars and healthy crowd present. A number of factors, including the strength of the Aussie dollar, meant few cars found new homes at the auction, although a number of post-auction sales boosted the overall results.
Highlights included a restored Messerschmitt KR200, selling for a strong price of $34,100 after some determined bidding within the room and a 1998 Jordan Formula 1 display car that sold for $51,700. Other performers were the beautiful Aston Martin DB4 Series III that sold for $275,000 and the post sale of the 1997 Bathurst-winning Holden Commodore achieved a strong price of $285,000.
CTS comments on the sale, “An almost total lack of any serious oversees bidding in light of the current strength of the Australian dollar was more problematic than usual due to the large selection of high value or ‘big ticket’ cars that the Australian market was perhaps not able to absorb over the course of one night.”
CTS continues, “The team took a number of positives from the sale and given some tweaks to the running of the actual event, a change of timing and a reduced focus on ‘world value cars’ whilst the Australian dollars strength continues, we are confident that the lessons learnt from our first event will assist us in having a far more successful sales result next time round.”
For complete results, visit CTS Auctions December 2009 Sale.
CTS Auctions’ next sale is scheduled for April 2010 in Melbourne. For more information, visit www.ctsauctions.com.
[Source: CTS Auctions]