Records tumble at classic car auction

The 1964 Aston Martin DB5 which sold for $1.55m

A 1964 Aston Martin selling for $1.55m and a 1997 Aussie Invader fetching $455,000, topped the sales at the auction of the entire stock of Gosford Classic Cars on April 6 and 7.
The sale, conducted by Lloyds Auctions following the closure of the West Gosford facility in March, saw well over 2,000 people attend over the weekend, with a 1930 Packard 740 attracting the third highest sale price of $225,000.
Gosford Classic Cars General Manager, Jason Fischer, said almost all of the 150 vehicles on offer had been sold, with negotiations continuing on a few of the remaining cars.
“I’d say we sold 97 per cent, which was a great result,” Fischer said.
“The cars are worth the sort of money they attracted, but to achieve the expected sale prices was something really special.”
Fisher said most of the cars had been sold to Australian buyers, although there had been considerable overseas interest.
“We had people flying in from overseas to inspect the vehicles prior to the auction, which just shows what a big attraction Gosford Classic Cars was for the Coast,” he said.
“One of the tragedies of the closure of the business is the loss of jobs; mechnanics, general hands, detailers and administration staff, all looking for new jobs.
“But there is also a loss to the community and you can’t put a dollar value on that.
“People would come to see the cars, stay in the area, eat in the area.”
Approximately 10 records for Australian cars alone were broken for Holden models at the sale, with American and European luxury cars also attracting good prices.
Former Australian cricketer, Jeff Thomson, was impressed with the sales achieved over the weekend.
“The strong amount of bidding and prices achieved for Australian muscle cars in particular was of great interest to me,” Thomson said.
“I think it is fantastic that the majority of bidders were Australian, meaning the cars stay here.”
Formula 1 World Champion, Alan Jones, said the fact that only two international bidders won cars proved that the Australian market was really strong.
“It proves that Aussie car collectors value their classic cars and heritage,” Jones said.
“I am not surprised at the prices achieved in this world-class auction; the cars got what they deserve, in a fantastic event.”

Source:
Media release, Apr 8
Lloyds Auctions
Interview, Apr 9
Jason Fischer, General Manager, Gosford Classic Cars
Reporter: Terry Collins

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