Don’t let the fact that Collector Car Productions (CCP) holds its signature events in Toronto fool you. For a company that makes a living plying its wares in the Great White North, this well-established auctioneer has always had a decidedly Motown feel about it.
The 2016 edition of their fall classic was no exception. The almost 300 lots on offer were weighted heavily toward Detroit, spanning the history of the Motor City from a 1928 Ford Model A to a 2013 Ford Taurus police car featured in the movie “Suicide Squad.”
Nonetheless, it was a sports car from Maranello that attracted the weekend’s highest bid. Finished in the rare but striking hue of Giallo Fly Yellow, the 1992 Ferrari 512TR proved how much the market has shifted in regard to ’90s models wearing the fabled cavallino rampante (prancing horse). Five years ago, any version of the modern Testarossa would have been fortunate to even approach the six-figure mark, but now anything below that is the exception, not the norm. Sold for US $269,500, this may be on the high side of market correct, but it may just be the new normal.
The next highest bid in the room, not surprisingly, failed to bring home the 1969 Shelby GT 350 convertible, which, while not quite as popular as its older siblings, still bears the vaunted Shelby name that almost guarantees future appreciation. This impeccable example, finished in a blue-over-black livery, was recently subjected to a rotisserie restoration and was doubtless one of the best examples on the market. The seller was right to reject the US $155,000 high bid, as there might be more money in this pony’s future somewhere else.
Few cars are as iconic as Chevrolet’s 1963 Corvette Split Window coupe, accounting for its perennial popularity among collectors and passersby alike. Not the best example in the world, but a long way from the bottom of the barrel, this attractive metallic blue example was in better than driver condition, accounting for its market-correct sale price of US $126,500. This makes it a fair deal all the way around.
Few cars have fallen from their previous highs as have Big Healeys, with top-quality examples selling almost 30 percent (or more) below the prices recorded a decade or so ago. Therefore, the US $67,100 price paid for a 1959 Austin-Healey 100-6 BN4 convertible was somewhat of a surprise. Considered the redheaded stepchild of the Healey lineup, the 100-6 lacks the popularity of the earlier 100s and later 3000s, especially so when, like this example, they reach the market in four-seat form. Still, this was a sterling example, restored to a high standard, making it not that farfetched of a winning bid, given the condition and presentation.
But the Healey’s strong results were not an outlier for the weekend, given that CCP recorded a highly impressive 73 percent sell-through rate, good for a CCP record-breaking one-day total of $4,528,800, making this yet another example of how well things are done north of the border.
Photos courtesy of Collector Car Productions.