The estimates are interesting. It is unusual for a reserve to be more than the estimate. So do we take it these are come and bid to buy prices. If so there might be an element of risk if high prices are expected for the rarer cars since they can be knocked down at prices some of us might pay. I am sure the expectation is the wealthy and collectors will see them and chip in to drive the prices up. I am afraid as a cynics I am always aware of Max bidding on the 'phone as well. Though, of course, I would have to say I am sure Coys do not do such things.
Is this a missed opportunity by Coys? If they had contact the microworld in good time they could have pulled in more microcars for auction, on the understanding that no lot would compete with MG's cars. Also earlier enthusiast warning, longer to get the news out to the genuinely interested via Micro media. More cars in on a niche market with more interest and potential bidders and therefore higher prices.
Such a sell off needs to be planned ahead and strategised for maximum impact and hopefully best prices. Like pulling in some 40 Microcars into one sale with a year's warning to the sellers so cars are ready. An ideal world, of course.
Being as this is local it might be worth a sniff.
