The Market


560 SEC AMG Wide Body Mercedes stars at Bonhams' March 2021 MPH sale

560 SEC AMG Wide Body Mercedes stars at Bonhams' March 2021 MPH sale 23rd March 2021

With RM’s Youngtimer catalogues but a happy memory, Bonhams proved last weekend that the market still has an appetite for limited-edition, OTT machinery from the 1980s.

Top-selling car at the Bond St firm’s MPH-branded live sale at Bicester was the 1989 Mercedes-Benz 560 SEC AMG 6.0 'Wide Body' (est. £140k to £180k) that was hammered at £130,000, or £146,250 with the division’s regular 12.5% buyer’s premium. About right in today’s market.

The rest of the catalogue was a typical MPH sale: old Land Rovers, the odd Rolls Silver Shadow and cheap, more modern Bentleys, plus affordable modern classics such as Porsche 944 Cabriolet (£21,375 gross). There was also the occasional ‘proper’ classic like the 1961 Austin Healey 3000 Mk II which sold over top estimate for £45,000, and the 1965 Alfa Romeo Giulia Spider, another guide-price-busting entry at £52,875. Both values gross.

A raft of withdrawn entries dropped the catalogue down to 112 cars, but the sell-through was Bonhams MPH’s best yet: 83%, greatly aided by 26% at No Reserve.

Bonhams MPH at Bicester Heritage, 20 March 2021 – results (December 2020 sale)

Total gross cars: £1,437,833 (£1,467,940)
Number of cars not sold: 19 (32)
Number of cars withdrawn: 8 (1)
Total number of cars: 112 (118)
Number sold: 93 (86)
Percentage cars sold by number: 83% (73%)
Percentage by value average low/high estimate: 63% (51%)
Percentage of cars sold below low estimate: 43% (43%)
Percentage of cars sold not met avge of estimates: 58% (65%)
Percentage of cars sold met/exceeded top estimate: 19% (20%)
Average value of cars sold: £15,461 (£17,069)
Average year of cars offered: 1975 (1976)
Percentage of cars offered at No Reserve: 26% (19%)

Photo by Bonhams