Last month, Bonhams sold a number of classic cars previously owned by Gordon Willey who is a retired businessman based in Lancashire. The 12 vehicles have been sold at two auctions for a total of £3.6 million.
The cars in question were sold at auctions on the 6th December 2015 in New Bond Street, London and on the 10th December 2015 at Hendon RAF Museum.
The vehicles included the likes of 7 Bentleys, an Aston Martin DB5 Sports Saloon built way back in 1964, a Frazer-Nash BMW 328 Roadster dating back to 1938 and an Invicta 4 and ½ litre “S” Type Low Chassis Tourer dating back to 1934.
These classic cars had all been beautifully maintained over the years. Mr Willey had apparently decided to dispose of the delightful cars as he wished some other classic car enthusiasts to enjoy them.
Apparently, the cars attracted attention from interested purchasers from various parts of the world.
Many classic cars have certainly proved to be a wonderful investment in recent years as mentioned in an earlier post. Some have increased in value far exceeding that of many other investments. It will be interesting to see if their investment performance continues in an upward direction in the coming years. If you are considering buying a classic car for investment purposes then do bear in mind that past investment performance is no guarantee of future investment performance.
Of course, many classic car enthusiasts buy such vehicles not for the potential capital appreciation but because they quite simply love to own such cars and enjoy taking them out on public roads for a Sunday afternoon trip or to take them to a classic car show to be enjoyed by other people. Many others like purchasing classic cars that require restoration and actually carry out much, if not all, of the works themselves devoting many hours to produce a classic car to be proud of.