Bicester Heritage

Inaugural Bonhams MPH Auction Success At Bicester Heritage


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Comment: "Such a strong result from our opening sale lays the foundations for future sales successes to come." ^ 

- Bonhams MPH, the specialist auction house for classic and modern classic vehicles achieves sales success with its first sale in the event's venue, Hangar 113 at Bicester Heritage

- Auction event yielded sales in excess of £2.6 million and an 83% sale rate

- Exhibition Hangar 113 proved an outstanding location with excellent viewing for buyers

Bicester Heritage played host to the highly successful inaugural auction for Bonhams MPH, the newly established specialist auction house based at Bicester Heritage in Oxfordshire.

The Grade II listed events venue, Hangar 113, proved to be an ideal environment from which to hold an auction for Bonhams MPH. With an indoor area of more than 52,000 square feet, the vast arena greeted buyers with an astonishing view and, with the space to hold a drive-through sale, provided an engaging and efficient format. 

Impressive footfall in the hangar alongside strong telephone and online bidder presence contributed to total sales results that exceeded £2.68 million (including buyer’s premium) with an overall sale rate of 83% for 262 lots that included a cherished 1993 Ford Escort RS Cosworth and a 1939 Ford V8 Convertible.

Dan Geoghegan, Chief Executive of Bicester Heritage, said: “Bonhams MPH has certainly hit the ground running with a strong result and vibrant spectacle. The permanent team here at Bicester Heritage has clearly made the most of the location and we are looking forward to the next auction on 26th November.” 

Rob Hubbard, Director, Head of Department for Bonhams MPH, added: “Such a strong result from our opening sale lays the foundations for future sales successes to come.^ Bonhams MPH has worked hard to provide a new, easy-to-understand consignment process that is complemented by an appraisal system that gives confidence to the buyers. These, combined with the drive-through sales format that the space in the hangar allows, is a great platform from which to sell motor vehicles.

The exceptional results achieved across The Elite Collection of ex special-forces vehicles, as well as sales of examples such as the Ford Escort RS Cosworth and Ford V8, shows there is still a strong market for a diverse range of vehicles that Bonhams MPH will be catering for through our future sales, and our October sale, which we are consigning now.”

 

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