- Online auction house, The Market, achieves 80 per cent sales rate in October
- Total sales of £486,485, confirmed as The Market’s best month on record
- Two Jaguar E-Types offered at no reserve lead monthly results highlights
Classic car auction disruptor, The Market, has achieved industry leading results once again with a sales rate of 80 per cent during the month of October, whilst also achieving its highest ever total sales of £486,485.
“October has been a fantastic month at The Market with a record breaking total sales figure approaching half a million pounds,” comments Tristan Judge, director, The Market.
“We also had a wonderfully varied selection of no reserve cars last month, which demonstrates not only the quality of lots for auction, but also the confidence of our customers in our online platform and app. As the original, online-only classic car auction house, our results show that we are continuing to out-performing many traditional auction houses.”
Highlights of the October auctions include a restored, right-hand drive 1964 Jaguar E-Type S1 3.8 FHC finished in Dark Blue with matching leather interior, which had spent the majority of its life in the warm Cypriot climate. Offered at no reserve, the E-Type sold after more than forty bids for £61,513.
Another E-Type, also offered at no reserve, was a right-hand drive 1972 Jaguar E-Type SIII V12 FHC in Ascot Fawn with a red leather interior in wonderfully original condition. Also benefitting from dryer weather conditions having spent 42 years in Arizona, it sold for £38,900.
From another famous British marque, a 2013 Land Rover Defender 110 TD Utility Wagon, used by the British Red Cross and complete with full length Patriot roof-mounted storage rack, cage storage, tow-bar, ladder and a host of other practical features, sold for £23,400.
“We believe that auctions deliver the correct, current value for a classic car, especially when accompanied by accurate estimates. We’re continuing to see consistent, high sales rates month by month as well as increasing demand from customers to sell with us,” concludes Tristan.
Other October results include a low ownership, US market 1967 Austin-Healey 3000 MK3 which sold for £28,745, a 1994 Porsche 968 Sport, the second-to-last car to roll off the Clubsport/Sport production line, which sold for £15,637, and an exquisitely maintained 1993 Jaguar XJS Convertible 4.0 Auto which sold for £12,000.
Classic car owners looking to sell their car with The Market benefit from just 5 per cent sellers’ commission and no entry fee, while buyers only pay what they bid with no fees.
To see all the results from The Market’s October auctions visit https://themarket.co.uk/ or download the free app from Apple Store or Google Play.
For high resolution images which accompany this release, please visit the following Dropbox or contact the PR contact listed below: https://www.dropbox.com/sh/um7lhn4nhr40bhs/AAB8S-TJvuzcBD6Zmqo8–xOa?dl=0
|A restored, right-hand drive 1964 Jaguar E-Type S1 3.8 FHC finished in Dark Blue with matching leather interior sold for £61,513.|
|A 2013 Land Rover Defender 110 TD Utility Wagon used by the British Red Cross sold for £23,400.|
The Market was launched in 2016 and is a privately held company based near Oxford in the UK. The Market helps people to buy and sell their classic vehicles through innovative curated auctions via its state-of-the-art, high security online platform and app.
The Market was conceived from a passion for classic cars and motorcycles as well as for technology and the crossovers that exist between the two. This crossover is set to disrupt the classic car auction market by providing the highest levels of transparency, accessibility and security as well as highly competitive buyers’ and sellers’ fees. The Market charges a sellers commission of just 5 per cent with no fees for buyers.
To date, The Market has sold over 400 vehicles with a total value of over £4 million and a sales rate of over 85 per cent. Prices range from £20,000 to £200,000.