Record-breaking auction of classic cars
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Mossgreen-Webb’s auction of the Roy Savage Collection of Classic Cars achieved nearly $1.5 million and resulted in 138% sold by value.
Held on Sunday 4 December at the Southward Car Museum, all 30 cars from the personal collection of the Wellington businessman sold, with many achieving double their pre-auction estimates, making it one of the most successful car auctions to ever take place in New Zealand.
Multiple auction records were set including the 1955 Jaguar XK140 which achieved $258,750 against a pre-auction estimate of $120,000-$140,000.
The 1972 Rover P5B 3.5 -litre coupe which sold for $57,500 (above) and the 1966 Jaguar MK II 3.8-litre which sold for $71,300.
Head of the Collectors’ Car Department for MossgreenWebb’s Robert Richards said: “I am delighted with the extraordinary result which drew over 350 attendees to the auction room, plus numerous phone, on-line and absentee bidders keen to acquire cars from this collection which has outstanding provenance and long-held ownership by Roy Savage.”
“This encouraged competitive bidding, resulting in a successful sale and multiple auction records have been broken.”
The Roy Savage Collection of Classic Cars, considered one of the most honest ever to be offered at auction in New Zealand, attracted a phenomenal level of interest locally and abroad, with thousands of collectors and enthusiasts viewing the cars over the last three days.
The humble philanthropist, Roy Savage, will donate a portion of the auction proceeds to the Life Education Trust.
This auction is Mossgreen-Webb’s most successful Single-Owner department sale since inception.
Head of the Department, James Hogan said, “I am honoured to see this wonderful collection go under the hammer and to witness its success.”
Hogan concluded that he wishes to thank Roy Savage and his son John for entrusting their personal collection and for their help, warmth and personal generosity with this sale.