Iconic Auctioneers and sister firm Classic Car Auctions achieved industry-leading sales figures last year – with many auction records broken
Iconic Auctioneers Group has announced that 2023 saw it regain the lead in the sale of classic cars at live auctions for 2023, a title it last held in 2021. Remarkably, the combined car sales of Iconic Auctioneers and its sister company Classic Car Auctions totalled £36 million – £2 million clear of its nearest rival.
This has been achieved partly due to a phenomenal run of auction world records, 18 in total, as well as the sale of cars with celebrity heritage. Some of those records include the Ford Sierra Cosworth RS500 sold for £596,250 at Race Retro – over four times that of the previous high – along with Queen Elizabeth II’s 2004 Range Rover L322 which achieved £132,750 at Iconic Auctioneers’ Classic Motor Show sale.
At the Silverstone Festival in August, a 1998 Subaru Impreza STi 22B originally owned by Colin McRae also set a new precedent for the model by selling for £480,000. And as recently as November, a 1974 Mk1 Ford Escort RS2000 shocked by selling for £108,000 when the previous auction record for the model was circa £48,000.
Rob Hubbard, Managing Director at Iconic Auctioneers Group, said: “It is a great tribute to the whole team who have worked so hard to make this market leadership position a reality. The result is also due to strong marketing, a rebrand from Silverstone Auctions to Iconic Auctioneers and a vastly increased international reach thanks to our media profile. Today we have a presence on five continents. Our bidders are a truly global group. And our client service is in a class of its own.”