Exceptional RV8 sold at the CCA auction today

Andy Goves, one of our two Pricewatch volunteers, made an early start today to attend the Classic Car Auctions' sale at the Warwickshire Exhibition Centre near Leamington Spa. Here he reports on the sale of an Exceptional condition RV8 with a very low mileage. Including the VAT payable on the 10% buyer's premium, the total price for a UK buyer would be £26,656.

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Updated: 171204
Posted: 171202

Andy Goves was at the Classic Car Auctions' sale today at the Warwickshire Exhibition Centre near Leamington Spa and reports the "RV8 sold after brisk bidding. The catalogue estimate was £15,000 to £20,000 and bidding started at £17,250! It was sold to a telephone bidder at a hammer price of £23,800. To this must be added a 10% buyer’s premium so the price on the CCA website is £26,180. If applicable, VAT of £476 is payable on the buyer's premium.

A 1996 RV8 reimport in Woodcote Green presented in excellent condition complete with air conditioning for its original Japanese destination. An Exceptional condition car with a very low mileage - only 2,040 recorded miles."
The auction was extremely well attended, with the auction taking from 1100 to 1630 to sell nearly 160 cars. There were a few last minute withdrawals. I detected a trend for many cars to sell towards the lower estimate shown in the catalogue but then, anyone bidding would surely start as low as possible, wouldn’t they? I certainly would! There were some star cars, proving the exception to the above rule. One such example was a VW Golf GTi convertible, owned by Sir David Jason, who joined the auction by telephone to listen to its successful sale at £2,200 above the estimate in the catalogue."