On 2 July 2022 at Montecasino in Johannesburg, 115 valuable collector cars will go under the hammer with the auction being open to participants from all over the world.
The event will be hosted by Creative Rides Classic and Collectables Auctions and will feature an “astonishing collection of rare, sought-after Italian automobiles,” said CEO Kevin Derrick.
The unreserved and reserved auction starts at 11:00am and will be a hybrid live and online auction which will be streamed across Creative Rides’ website and social media platforms.
The Italian Job
Derrick said the insiders at Creative Rides have dubbed this particular auction “the Italian job” due to the extensive list of spectacular Italian cars that will roll over the auction blocks.
Notably, a 1968 Ferrari 365 GT 2+2 is one of nine Ferraris being auctioned off for the day, and the previous time such a car was sold at auction it fetched R3.18 million.
“The 4.4-litre single-overhead-camshaft V12 engine was fitted with three Weber carburettors, but it was the interior that made this model an ultra-luxurious performance grand tourer,” said Derrick.
“The four-seater boasted plush leather, veneered panels, the last wood-rimmed steering wheel in a production Ferrari, air conditioning, a stereo, and standard power windows.”
Another standout prancing horse for the day which might catch the attentoin of modern supercar aficionados is the 1998 Ferrari 550 Maranello which sold for R2.44 million at a 2021 auction.
Collectors who still want to go the Italian route but who may not have their eye on a Ferrari will then have to battle it out for a 1984 Alfa GTV 6 3.0L and a 1982 Maserati Merak, among a host of other beauties.
In addition to all the sleek vintage supercars on offer, Derrick said there will also be a selection of over 30 American-manufactured vehicles to bid on.
“Collectors can look forward to bidding on Mustangs, Camaros, Dodge Chargers and Vipers, Corvettes, and many others,” he said.
Germany also has a few brands in the ring, including vintage BMWs, VWs, Mercedes, and Porsches – while from the UK there will be MGs as well as a Jaguar E-Type on sale.
Derrick said many classic car collectors see investment as a key motivation for their purchases.
“The global classic car market is growing, as is the value of collectable cars. It slowed a little at the height of the pandemic, but not even Covid could drive the market into negative territory,” he said.
“We continue to see more and more enthusiasts born after 1964 joining the fray. Gen-Xers, millennials, and Gen-Zers now constitute the majority of people calling Hagerty for quotes on collector car insurance, and that majority continues to grow stronger. Much of this shift is explained by enthusiasts in their 40s and 50s entering their peak earning years, but even twentysomethings are making their presence felt.”