Britain’s new CCA stages its first auction

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Classic Car Auctions holds its first sale | CCA photo
Classic Car Auctions holds its first sale | CCA photo
Classic Car Auctions holds its first sale | CCA photo

Classic Car Auctions, Britain’s newest classic car auction house, staged its first sale earlier this week. It posted $610,000 in sales with a 65 percent sell-through rate at an event held at the Silverstone racing circuit, where the cars were displayed in the Formula One racing garages.

“It’s been fantastic to see so many enthusiasts and buyers come and visit us for what will hopefully be the first of many (sales),” Joe Watts, CCA auction manager, said in a news release.

The most paid for a car at the auction was $46,887 for a 2001 Porsche 911 Turbo. (Prices include buyer’s premium.)

Among the auction highlights was the first car sold — a 1951 Land Rover Series 1 — for $7,680; a 2001 Morgan Aero 8 for $41,228; a 1969 Jaguar 4.2 MK2 for $29,750; a 1993 BMW M5 Nurburgring Edition for $20,371.

Even the auction house labeled as a bargain a 1995 Mercedes-Benz S500 coupe that brought only $4,042.

CCA plans its next auction April 21, again at Silverstone.

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A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.