Lagondaforum » For Sale » Lagonda's for sale at AML Bonhams auction on the 17th of May

SRD	Apr 30, 2014 3:22 pm
Subject: Lagonda's for sale at AML Bonhams auction on the 17th of May The annual Bonham's jamboree at Newport Pagnell is nearly here again. This year there are three Lagonda's in fine fettle entered: Viewing times as follows: 16 May 2014 17:00 - 20:00 BST 17 May 2014 09:00 - 11:00 BST http://www.bonhams.com/auctions/21900/ Look forward to seeing plenty of enthusiasts for these wonderful cars there. Lots 205* The last Rapide built and desirable long term 46 year ownership 1964 Aston Martin Lagonda Rapide Sports Saloon Chassis no. LR/155/R Engine no. 400/155 Lot 224 A Rapide with rare original manual gearbox 1962 Aston Martin Lagonda Rapide Sports Saloon Registration no. 572 UYE Chassis no. LR/108/R Engine no. 400/108 Lot 233 -ex. Sir David Brown - unique car. 1969 Aston Martin Lagonda 4-Door Prototype Registration no. JPP 5G Chassis no. MP/230/1 Engine no. V/540/008/EE

SRD

Apr 30, 2014 3:22 pm

Subject: Lagonda's for sale at AML Bonhams auction on the 17th of May

The annual Bonham's jamboree at Newport Pagnell is nearly here again.

This year there are three Lagonda's in fine fettle entered:

Viewing times as follows:

16 May 2014 17:00 - 20:00 BST
17 May 2014 09:00 - 11:00 BST

http://www.bonhams.com/auctions/21900/

Look forward to seeing plenty of enthusiasts for these wonderful cars there.

Lots 205* The last Rapide built and desirable long term 46 year ownership

1964 Aston Martin Lagonda Rapide Sports Saloon

Chassis no. LR/155/R Engine no. 400/155

Lot 224 A Rapide with rare original manual gearbox

1962 Aston Martin Lagonda Rapide Sports Saloon

Registration no. 572 UYE Chassis no. LR/108/R Engine no. 400/108

Lot 233 -ex. Sir David Brown - unique car.

1969 Aston Martin Lagonda 4-Door Prototype

Registration no. JPP 5G Chassis no. MP/230/1 Engine no. V/540/008/EE

David	May 17, 2014 8:46 pm
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May 110 for 155 and 155 for 108, hammer. On the up?

David

May 17, 2014 8:46 pm

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

110 for 155 and 155 for 108, hammer. On the up?

randall977	May 17, 2014 9:48 pm
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May Seems in line with prices for the last year or so...but still going up. Each car is so individual; condition, specification, history etc that's it's hard to gauge exactly what prices are doing, but maybe not rocketing up... Saw this car in the garage a few days ago, it's not mine...

randall977

May 17, 2014 9:48 pm

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

Seems in line with prices for the last year or so...but still going up. Each car is so individual; condition, specification, history etc that's it's hard to gauge exactly what prices are doing, but maybe not rocketing up...

Saw this car in the garage a few days ago, it's not mine... Wink

SRD	May 17, 2014 10:44 pm
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May Back online, so LR108 made £175k, and LR155 made £125 with buyers premium if I am correct. It was a fine set of cars which I saw yesterday at NP.

SRD

May 17, 2014 10:44 pm

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

Back online, so LR108 made £175k, and LR155 made £125 with buyers premium if I am correct.

It was a fine set of cars which I saw yesterday at NP.

TVJL	May 18, 2014 10:29 am
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May LR155 was cheap, in my view - a very nice car. I was disappointed, and surprised, that David Brown's V8 didn't sell (it wasn't even close).

TVJL

May 18, 2014 10:29 am

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

LR155 was cheap, in my view - a very nice car.

I was disappointed, and surprised, that David Brown's V8 didn't sell (it wasn't even close).

SRD	May 19, 2014 9:52 pm
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May The David Brown V8 has been knocking around the trade since it was sold privately to Desmond Smail about a year go. Perhaps this was a not a classic Bonham's AML sale ? I viewed the cars on the Friday, and there were many lovely cars there, including a fine blue DB4 I liked. Several key unsold's, and the Feltham cars faired very poorly this year; also the project cars (save for the DB5's which seem to exist on a different planet) sold at more normal prices. That is if such a thing exists at these auctions. May I assume that 108 was snapped up by the Fleet buyer ? I am curious if it was a telephone or auction room bid that won 155, and if that is also going abroad again ? PM if you don't want to answer on the forum directly please.

SRD

May 19, 2014 9:52 pm

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

The David Brown V8 has been knocking around the trade since it was sold privately to Desmond Smail about a year go.

Perhaps this was a not a classic Bonham's AML sale ?

I viewed the cars on the Friday, and there were many lovely cars there, including a fine blue DB4 I liked. Several key unsold's, and the Feltham cars faired very poorly this year; also the project cars (save for the DB5's which seem to exist on a different planet) sold at more normal prices. That is if such a thing exists at these auctions.

May I assume that 108 was snapped up by the Fleet buyer ?

I am curious if it was a telephone or auction room bid that won 155, and if that is also going abroad again ?

PM if you don't want to answer on the forum directly please.

TVJL	May 20, 2014 8:36 am
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May I didn't stay until the end. But, generally, my impression was that most of the sales / unsolds were unremarkable. One exception was the project cars, of which there was a glut this year. They all achieved hammer prices anything between a good price (MkIII DHC) and a bonkers one (a bitsa DB4/5 car with no hope of anything other than a 'Q' plate). Specifically, for example: Lot 216 (a prototype DB5 absolute wreck) which made £393,500 (inc bp); Lot 225 (a MkIII DHC stored since the '70s and in dreadful state) which made £144,860 (inc bp); Lot 232 (a dismantled DB5 that was a legacy to AMOC) which made £259,100 (inc bp); and Lot 239 (a DB5 front glued to a DB4 rear, without an engine of ID) which made £102,300 (inc bp). As you suggest, the Feltham cars in drivable condition did not fair well. There were some great bargains secured, including: Lot 210 (a DB2 DHC) which made only £169,500 i.e. circa £130k below market on a good day; Lot 223 (a MkII 'notch back') which made only £158,300 (inc bp) i.e. circa £100k below market; and Lot 234 (a 2/4 coupe) which made only £107,900 (inc bp) i.e. circa £80k down on 'book'. As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious 'disconnect' between catalogue description and available history file. David may correct me on this but I think 108 sold in the room. My guess is that the 'fleet buyer' is no longer collecting.

TVJL

May 20, 2014 8:36 am

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

I didn't stay until the end. But, generally, my impression was that most of the sales / unsolds were unremarkable.

One exception was the project cars, of which there was a glut this year. They all achieved hammer prices anything between a good price (MkIII DHC) and a bonkers one (a bitsa DB4/5 car with no hope of anything other than a 'Q' plate). Specifically, for example: Lot 216 (a prototype DB5 absolute wreck) which made £393,500 (inc bp); Lot 225 (a MkIII DHC stored since the '70s and in dreadful state) which made £144,860 (inc bp); Lot 232 (a dismantled DB5 that was a legacy to AMOC) which made £259,100 (inc bp); and Lot 239 (a DB5 front glued to a DB4 rear, without an engine of ID) which made £102,300 (inc bp).

As you suggest, the Feltham cars in drivable condition did not fair well. There were some great bargains secured, including: Lot 210 (a DB2 DHC) which made only £169,500 i.e. circa £130k below market on a good day; Lot 223 (a MkII 'notch back') which made only £158,300 (inc bp) i.e. circa £100k below market; and Lot 234 (a 2/4 coupe) which made only £107,900 (inc bp) i.e. circa £80k down on 'book'.

As for the Rapides, in my opinion both would have made circa 20-30% more at the hammer if in different sales. I feel particularly for the owner of 155 in this regard. For 108, it would have made more (I think) without the obvious 'disconnect' between catalogue description and available history file.

David may correct me on this but I think 108 sold in the room. My guess is that the 'fleet buyer' is no longer collecting.

randall977	May 20, 2014 8:54 am
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May People love a wreck - it's the same for houses, they imagine how it will be and that dictates what they are prepared to pay. There did seem to be some very good value cars, maybe the classic car market is cooling slightly with house prices rising so quickly. I don't know who bought 108 but I don't think it was someone in the room, if I find out I will let you know...

randall977

May 20, 2014 8:54 am

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

People love a wreck - it's the same for houses, they imagine how it will be and that dictates what they are prepared to pay. There did seem to be some very good value cars, maybe the classic car market is cooling slightly with house prices rising so quickly. I don't know who bought 108 but I don't think it was someone in the room, if I find out I will let you know...

TVJL	May 20, 2014 9:08 am
Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May It was hard for me to tell because the traditional heavy hitters were standing in the corner camera left of the auctioneer. The bids seemed to me to be coming from this direction. However, equally these may have been on the telephone or internet.

TVJL

May 20, 2014 9:08 am

Subject: Re: Lagonda's for sale at AML Bonhams auction on the 17th of May

It was hard for me to tell because the traditional heavy hitters were standing in the corner camera left of the auctioneer. The bids seemed to me to be coming from this direction. However, equally these may have been on the telephone or internet.