Collectors And Investors Go For Number Plates
This 1950s Austin J40 sold for a record $9300 but it's still a cheap way to pick up an eligible Goodwood Revival race car.
The recent sales of a set of numberplates for $745,000 and a pedal car for almost $10,000 have provided strong evidence the classic car market in Australia is finally coming in from the cold.
These two Shannons auction sales on May 22 came shortly before the record-breaking sale of the ex-Bob Morris Holden Torana A9X on May 28 for $715,500, which was sold by Perth collector Peter Briggs through the action house Mossgreen.
Most surprising of all is even though the A9X last month became the most expensive Australian car ever sold at auction, its price wasn’t enough to surpass the amount paid six days earlier for two old bits of government- issue pressed tin.
The pricey plates were for New South Wales and bore the number 29 which, according to Shannons, drew enough to eclipse the previous auction record of $689,000, which was paid for the NSW number 2 plates in 2003.
Number 29, left, was worn in 1915 by a Sydney-based 26HP Minerva.
Long before it sold for a record $745,000, this number plate was worn in 1915 by a Sydney-based 26HP Minerva.
In July 2016, $530,000 was paid for the Victorian plate number 21.
The pedal car mentioned above was a beautifully restored Austin J40 dating from the 1950s.
Similarly well-restored examples of this iconic pedal car have previously sold for between $3000 and $6000, and the $9300 paid for the J40 at the May auction is believed to be a record for this pedal car.
Still, this would have to be the most cost-effective way to get a car that’s eligible to race at the Goodwood Revival in England.
The Settrington Cup is a one-make race for Austin J40s at the September historic motoring festival.
Of course, the race is open only to children, so you’ll have to race vicariously.
But you’ll still be able to say things such as “Sorry, I can’t mow the lawn, I’m preparing the race car for Goodwood”.
If you’ve noticed large numbers of classic car enthusiasts wandering the streets looking bewildered, irritable and listless, it’s not just because they own old English cars.
The other reason is, as you may have noticed, Idle Torque has been AWOL in the previous two editions of Saturday’s WestWHEELS.
Now though, after a two-week sojourn in Wednesday’s WestWHEELS, we’re back in on a Saturday, and should be here for a while.
Also, please don’t write in about that gentle dig at old English cars.
To the contrary, some have been known to be very reliable, and on a sunny day with a tailwind, can travel up to 14km with hardly any maintenance.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
Established For Over 25 Years
the Cherished Numbers Guild
- Free transfer service - your paperwork is handled by our trained team
- Over 25 years expertise - long established and trusted company
- DVLA Recognised Reseller - linked directly from the DVLA website
- DVLA Registered Number Plate Supplier - in line with all DVLA & MOT regulations