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Wednesday, 6 November 2019

CLASSIC CAR AUCTION DISRUPTOR, THE MARKET, ACHIEVES RECORD SALES FIGURE IN OCTOBER



CLASSIC CAR AUCTION DISRUPTOR, THE MARKET, ACHIEVES RECORD SALES FIGURE IN OCTOBER


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. Like 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.

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