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Digital Subscriptions > Antiques Trade Gazette > 2330 > Young at heart

Young at heart

The rise of the ‘young classics’ has helped the market become accessible to investors across all prices. Nigel Boothman talks to auctioneers and experts about accelerating trends for 2018

Classic cars, bikes and automobilia

This ‘young classic’ Ford Sierra Cosworth RS500 from 1988 sold at Silverstone Auctions’ NEC Classic Motor Show sale for £91,125 in November 2017.

The classic vehicle market can seem dauntingly complicated, but grasping the general trend is an excellent start. Prices are still rising steadily in the engine room of the market, say between £5000 and £100,000, but 2017 actually saw a small drop in the average UK auction sale price, probably influenced by cooling values for six and seven-figure investment vehicles.

As certain sectors continue to accelerate, we will examine what sold well in 2017 – and what could do even better in 2018.

Optimistic outlook

One of the most obvious trends in recent years is the rise in popularity of younger classics from the 1980s, ’90s and 2000s. Christopher Holmes of South West Vehicle Auctions picks out the 1990s generation of Mercedes R129 SL as one to gain value and offers encouragement for the rest of the market too.

“There was some gloom this time last year,” he says, “but I’m an optimist and I don’t think much has changed – we sold 94% of our classic lots in 2017.”

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About Antiques Trade Gazette

Published every week since 1971, Antiques Trade Gazette is affectionately known as ‘the Bible of the antiques trade’. A long tradition of authority, integrity and accuracy, makes it the essential read for everyone who loves antiques. With a subscription to Antiques Trade Gazette, you’ll stay ahead of all the developments in the art and antiques market, plus you’ll enjoy • A comprehensive auction calendar – see when and where every sale will be happening • Exclusive interviews with dealers, giving you the inside track on the trade • Breaking news on key industry developments • Secrets, stories and tips from leading specialists and collectors • Top lots advertised by auctioneers • Previews of the best art and antiques fairs and markets • Special supplements focusing on specific collecting areas

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