COYS hold back to back auctions

International auction house COYS once again successfully held to back-to-back auctions in the same week at the end of May with their famous sales at Monaco and at the Masters festival at Brands Hatch.

Both sales saw significant prices being realised with the Monaco sale being particularly well supported.

“Significant prices were realised at both sales”, said Chris Routledge. “This year is our 90th year and once again we were able to prove that we are a truly international company running two sales hundreds of miles apart within days of each other and attracting interest from all around the globe.”

The first to be held was the Legende et Passion sale at the Espace Fontvielle at Monaco on the 18th of May which saw not only cars and automobilia going under the hammer but a significant number of important motorcycles.

The highlight of the Monaco sale was £232,000 being paid for a 1968 Lamborghini Miura P400 that had had just one owner for the past 30 years and was in excellent condition.

Close on the heels of the Miura was a 1934 Bugatti T57 Ventoux, in concours condition, which fetched £190,000. The Bugatti had undergone a complete restoration costing in excess of €100,000.

£177,000 was paid for a Porsche 911 Carrera RS 2.7. One of the most famous Porsches ever built, the 911 RS was in original condition with less than 50,000 km from new.

Other highlights included £159,000 for a 1980 Rolls Royce Silver Cloud, £138,800 for a Ferrari 330 GT 2+2 and £131,744 for a 1950 Healey Silverstone.

Six days later saw COYS running the famous Masters Series auction at Brands Hatch.

Here two Aston Martins stole the show. A 1964 Aston Martin DB5 which sold for £190,000 and had been meticulously restored over seven years and an Aston Martin DB4 which had only covered 12,130 miles and sold for £132,200.

Other highlights included £68,700 for a 1968 Ford Mustang Shelby GT350 and £58,000 for a Ferrari 365 GTC/4.

Chris Routledge added: “ There is no doubt that we are in a downturn but people are looking to put their money into classic cars and automobilia rather than other financial investments.”