Sale total from car auction could reach $3 million

Tāmaki Makaurau - One of the highest value collectors’ cars auctions in New Zealand history will be held at the ASB Showgrounds in Auckland on Sunday.

The auction includes vintage and luxury vehicles with indicative prices ranging from $3000 to over half a million dollars.

The market for collector’s cars has surged in recent years, with Kiwi car enthusiasts digging deep into their pockets for standout vehicles.

Appreciating prices have seen many highly desirable vehicles come out of the woodwork, as owners find reason to part with their treasured cars. The range in the auction demonstrates the effect.

Headline items include a 1960 Jaguar XK150 which is expected to fetch up to $320,000, while a 1973 Porsche 911 2.4s Targa in showroom condition is set to go for over $320,000.

The star of the show, however, is a scintillating 1982 Ferrari BB 512i, which is one of only 43 ever produced in right hand drive. It has an eyewatering price estimate of $550,000 to $650,000.

The auction is full of stunning vehicles, with a range that will appeal to all tastes and budgets.

New Zealanders love classic cars and Webbs says it is amazing to see huge interest in the Sunday auction coming from car lovers of all stripes, from those in rural communities through to inner city dwellers. That speaks to broad appeal of the beautiful cars.

Collectible vehicles have proven to be excellent investments, being tangible assets that are often valued according to scarcity.

It is notable that many of the gems presented in this catalogue have production numbers of less than a hundred. Such vehicles are likely to appreciate in value.

All of the vehicles in the auction are in the kind of outstanding condition that speaks to a history of proud ownership. Each of them has a particular character that will appeal to different personalities.