New British auction house has its best sale yet

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Barn-found 1973 Aston Martin V8 sells for $90,825, nearly double its pre-auction estimated value | CCA photos
Barn-found 1973 Aston Martin V8 sells for $90,825, nearly double its pre-auction estimated value | CCA photos
Barn-found 1973 Aston Martin V8 sells for $90,825, nearly double its pre-auction estimated value | CCA photos

With an 85 percent sell-through rate, Britain’s Classic Car Auctions had its best sale yet, exceeding $1.41 million last weekend at the Warwickshire Exhibition Centre.

“This was our biggest catalog yet and our customers were clearly impressed by the great selection of classic and modern cars we had on offer,” Gjy Lees-Milne, CCA general manager, said in a news release. “It was great to see so many new and old customers join us for our first sale of the year. The atmosphere was fantastic and I’m sure both buyers and vendors are going home extremely happy.

“In only our first year as an auction house we have helped our vendors sell their ‘everyman’ cars for some very strong prices. We can’t wait to begin organizing the next auction and welcoming new customers to sell their classic cars with us.”

CCA’s next sale takes place June 18, also in the Warwickshire Exhibition facility.

This 2000 Aston Martin DB7 Vantage that sold at the sale
Posed in but not found in a barn, this 2000 Aston Martin DB7 Vantage sold at the sale

Highlighting the sale last weekend was a 1973 Aston Martin V8 barn find. The car, with manual transmission, was covered in dust but found in running order and sold for £64,350, ($90,825), nearly double its pre-auction estimated value.

Another barn-found Aston Martin, a 1990 Virage, also a manual, brought £31,900 ($45,025), again well above its pre-auction estimate.

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CCA reports that both cars were purchased to be restored.

Other sales highlights of the auction included a 1987 Fiat Strada Abarth 130TC, believed to be one of only five UK road-registered examples, selling for £15,180 ($21,425), nearly double its pre-sale estimated, while a 1982 Talbot Lotus Sunbeam brought £17,050 ($24,065).

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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.