In total the Collector Car Price indices tracked 532 sales during Q4 2017 from 47 auction events. Volume of sales was down on Q3 (698 sales). Our indices only track a small handful of particularly prized makes sold during the quarter – you can access all Q4 sale data here (9775 sales in total).
Market conditions Q4 2017
This quarter saw 47 auction events being held, down from Q3 (57 events).
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).
2017 ends badly as all indices drop into negative territory. The Blue Chip index fared worst down 15% this quarter alone. The drop can be attributed to the lower volume, and lower quality, of Blue Chip cars going under the hammer during the final three months of the year. That said, the early gains of the Blue Chip index leave it 10% higher for the year. The only other index lower than this time last year is the Affordable Classics collection.
As a result of the losses, the CCP100 drops beneath 300 for the end of 2017 down 6.31% since Q3. Overall the CCP100 is up just 4% for the year, stoking our fears that the market is about to enter a period of recession. Lets see what Q1 2018 brings before calling it.
Notable sales from indices Q4 2017
|Car Year||Car Make||Car Model||Car Price USD|
|1959||FERRARI||250 GT LWB CALIFORNIA SPIDER COMPETIZIONE||$17,990,000|
|1965||ASTON MARTIN||DB5 CONVERTIBLE||$2,700,000|
|1964||ASTON MARTIN||DB5 EX-PAUL MCCARTNEY||$1,817,098|
|1961||MERCEDES-BENZ||300 SL ROADSTER||$1,676,119|
|1958||MERCEDES-BENZ||300 SL ROADSTER||$1,407,500|
|1955||MERCEDES-BENZ||300 SL GULLWING||$1,352,500|
|1955||MERCEDES-BENZ||300 SL GULLWING||$1,337,581|
|1958||MERCEDES-BENZ||300 SL ROADSTER||$1,150,133|
|1965||ASTON MARTIN||DB5 VANTAGE||$1,121,320|
|1957||MERCEDES-BENZ||300 SL ROADSTER||$1,038,726|
Last quarter was Ferrari season, now Mercedes-Benz, specifically the 300 SL, delivers some of the most notable sales from the quarter. Listed above are the 11 cars that all sold in excess of $1 million. Our December lot of the month takes top spot on the list, the beautiful 1959 Ferrari 250 GT LWB California Spider Competizione by Scaglietti.
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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