Business World

Thursday 14 December 2017

Punt pipped at classic cars post

THE Punt was put out when he failed to win the bidding for his favourite car, a Mercedes Gullwing coupe that sold for $1.15m (€1.1m) this week at the start of a series of auctions around the world that will test demand for what has been a booming market for classic cars.

Two private collections are up for sale in London, with a combined minimum estimate of about £30m (€36m). The silver 1956 300 SL Gullwing (below), formerly owned by US collector Don Ricardo, was sold by RM Auctions for £739,200 to an unidentified bidder.

A streamlined silver 1938 540 K Cabriolet A was less successful, with the bidding stopping at £1.4m, just missing the £1.5m estimate.

The Punt lost out again yesterday after Irvine Laidlaw, a member of Britain's House of Lords, sold seven classic racers estimated at $26m. Here, the Punt was interested in a 1955 Jaguar D-Type valued at more than £5.5m and the Lotus Esprit built for the 1977 Bond movie 'The Spy Who Loved Me' in which Roger Moore drives the car underwater.

Time for the Punt to return to the Dublin auctions where things are also picking up, though they are a long way from the London madness.

Irish Independent

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