Auction beats recession
January 27th, 2010 by Richard Aucock
BCA Nottingham last week recorded a £3.6 million prestige car auction spend in just a few hours of trading.
This has led BCA director Tony Gannon to declare the recession a thing of the past – supported by the UK’s official emergence from recession after 18 months.
The Top Car auction at Nottingham generated the 7-figure sum from a lot of 300 cars last week.
Posh motors including Aston Martins, Bentleys, Ferraris, Porsches and Maseratis were amongst the lots – the highest-priced of which made £82,500 on the day.
‘It was a tremendously exciting sale,’ said Gannon. ‘Clearly the demand is there for these prestige vehicles.
‘Over 500 buyers attended the sale either in person or online. This is an enormously encouraging start to the year for the retail sector as a whole.’
All eyes will thus be on BCA’s next Top Car sale in Nottingham on 18 February, to see if an even wider choice of lots can generate an even greater multi-million pound result…
Tags: BCA, car auction, recession