In total the Collector Car Price indices tracked 673 sales during Q1 2017 from 61 auction events. Both sales and number of auction events were down compared to Q4 although this is to be expected with the start of each year generally seeing the lowest buyer and seller interest. With that said, almost all indices posted a rise in values.
Market conditions Q1 2017
Note: we are still seeing some adjustment in the CCP100 to account for the increased number of British auctions we now cover (covering a higher volume of cars that make up the index).
Almost all indices rose in Q1 with only British Collectables falling (as we expected due to the adjustments noted above).
Growth since Q4 2016 has been most impressive for German Collectables up 7.5% this quarter. The index is still down 12% compared to this time last year though.
In fact all indices are down compared to the end of Q1 2016. Ignoring British Collectables, Blue Chips have also faired particularly badly, down 14% for the year, although up for the quarter by almost 6%.
As such we saw the CCP100 regain some ground in Q1 up 3.4%, pushing it closer to a 200% gain since 2004.
Notable sales from indices Q1 2017
|Car Year||Car Make||Car Model||Car Price USD|
|1937||BUGATTI||TYPE 57 S CABRIOLET||$7,700,000.00|
|1998||PORSCHE||911 GT1 STRASSENVERSION||$5,665,000.00|
|1935||BUGATTI||TYPE 57 DÉCOUVRABLE||$2,482,728.00|
|1956||BENTLEY||S1 CONTINENTAL DROPHEAD COUPE||$1,683,000.00|
|1993||PORSCHE||911 TURBO S LEICHTBAU||$1,540,000.00|
|1955||MERCEDES-BENZ||300 SL GULLWING||$1,457,500.00|
|1995||PORSCHE||911 TURBO CABRIOLET||$1,439,155.00|
Two Ferrari F50’s sales in one quarter! The market has been spoilt. The F50 holds a special place in my heart, and as the data shows, the markets too – prices continue to grow month-on-month.
Collector Car Price Indices have been put together by a combination of collector car expertise and financial experience. Below is a full list of indices we track and links to view their historical performance.
- Affordable Classics - 13 classic cars
- Blue Chip - 25 classic cars
- British Collectables - 10 classic cars
- Ferrari - 16 classic cars
- German Collectables - 21 classic cars
- American Muscle - 15 classic cars
- Collector Car Price 100 - 100 classic cars
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