Bonhams MPH, the specialist auction house for classic and modern classic vehicles achieves sales success with its first sale in the events venue, Hangar 113 at Bicester Heritage.
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.
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.”