MGBGTV8 & RV8 sell at ACA auction

MGV8 Price Guide update
Last update to the end of October 2019 released early in November. Our next market review and guide will be out in early May 2020. More

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See CCW auction listing

MGBGTV8 in BRG
ACA Auction - 25th January 2020
Estimate: £12,000 to £16,000
Sold including premium: £16,748
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Keith Belcher, one of our Pricewatch volunteers, reports "the MGBGTV8 was sold at the ACA auction.We believe the hammer price was £15,800 and with the 6% commission and VAT the buyer will have paid £16,937.60.

The seller would receive the hammer price less the entry fee and 6% commission plus VAT thereon - £14,572.40
Auction result



Reimported RV8 in Woodcote Green
ACA Auction - 25th January 2020
Estimate: £14,500 to £16,500
Sold including premium: £15,264
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Keith Belcher
, one of our Pricewatch volunteers, reports "the RV8 was sold at the ACA auction.We believe the hammer price was £14,400 and with the 6% commission and VAT the buyer will have paid £15,436.80.

The seller would receive the hammer price less the entry fee and 6% commission plus VAT thereon - £13,273.20
Auction result
Bumper crowds at the ACA auction
Classic Car Weekly reports there was a "draw-dropping number of punters" at the auction at King's Lynn on Saturday 25th February 2019. Low mileage entries and keenly priced modern classics were the "pull". The CCW report says "Anglia Car Auction's sales are often seen as a market barometer and, with a seriously large crowd in attendance, the late 2019 slow-down was (in King's Lynn at least) replaced by an upbeat, positive, let's-get-on-with-it air". With 82% of the cars on offer sold and a claimed attendance of 25,000, bidding was brisk. With 181 cars selling for over £1.8m on sale day before any post-sale deals that was an average of £10,145 including the 6% buyer's premium.

Our prompt report on the two MGV8s (above) included as lots in the auction, shows they went for a little more than the average price on the day: the MGBGTV8 for £16,748 and the RV8 for £15.264. Those reports illustrate the impact of buyer and seller fees and VAT thereon - just look at the final price the buyers paid and the net proceeds the sellers received.
Draw-dropping number of punters" at the auction at the ACA auction

Classic Car Weekly out every week on Wednesdays in your local newsagent has news and features plus cars for sale adverts. One feature in CCW is the regular "Buying & Selling" items with reports on auction results. In the issue out on Wednesday 5th February 2019 they had a report on the ACA auction held on Saturday 25th January 2020 at ACA's place at King's Lynn. It's clear the auction market has got off th a flying start for 2020!

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