Auction: Sunday 4 December 2016,
Southward Car Museum, Paraparaumu

Results

Click here to view the Auction Results

Record-breaking auction of classic cars
shakes New Zealand

Mossgreen-Webb’s auction of the Roy Savage Collection of Classic Cars, held on Sunday 4 December at the Southward Car Museum, achieved nearly $1.5 million and resulted in 138% sold by value.

All 30 cars from the personal collection of the renowned Wellington businessman sold, with many achieving double their pre-auction estimates, making it one of the most successful car auctions to ever take place in New Zealand.

Multiple auction records were set including the 1955 Jaguar XK140 which achieved $258,750 against a pre-auction estimate of $120,000-$140,000; the 1972 Rover P5B 3.5 -litre coupe which sold for $57,500 and the 1966 Jaguar MK II 3.8-litre which sold for $71,300. Another record price was achieved for a “Pagoda” roofed Mercedes-Benz with a stunning 1969 Mercedes-Benz 280SL selling for $149,500.

The collection, considered one of the most honest ever to be offered at auction in New Zealand, experienced a phenomenal level of interest both locally and abroad attracting online participation from bidders in Australia, Europe and the United States bidding strongly online to internationalise the market.

Mossgreen-Webb’s Head of Collectors’ Cars Robert Richards said: “I am delighted with the extraordinary result which drew over 350 attendees to the auction room, plus numerous phone, online and absentee bidders keen to acquire cars from this collection which has outstanding provenance and long-held ownership by Roy Savage. This encouraged competitive bidding, resulting in a successful sale and multiple auction records have been broken.”

This auction is Mossgreen-Webb’s most successful Single-Owner Department sale since inception. Head of Department, James Hogan said, “I am honoured to see this wonderful collection go under the hammer and to witness its success.” Hogan concluded that he wishes to thank Roy Savage and his son John for entrusting their personal collection and for their help, warmth and personal generosity with this sale.

The Savages attended the auction where, in an unprecedented occurrence, applause greeted the sale of every one of the thirty cars sold. The humble philanthropist, Roy Savage, was delighted with the result and will donate a portion of the auction proceeds to the Life Education Trust.