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24 Hours of Le Mans – 100th Anniversary

The world's greatest endurance race will be 100 years old in 2023 and from 10-11 June 2023 will celebrate this special centenary anniversary.

The Automobile Club de l'Ouest is the founder and organiser of the 24 Hours of Le Mans, an event which first took place in May 1923 and has been held mainly in June ever since then, with a few exceptions when it had to be moved, and when it was cancelled in 1936 due to a labour strike and a further 9 times from 1940-1948 as a result of World War II.

 PHOTOGRAPHY: NEWSPRESS

The 2023 race, round 4 of the FIA World Endurance Championship, will see the winning team awarded a special one-off trophy that has been created by Monnaie de Paris, France's oldest institution. The bronze trophy is more than one-and-a-half metres tall and is currently being used to promote the race at prestigious and high-profile events around the world.

The 24 Hours of Le Mans is the world's oldest endurance sports car race and is held near the town of Le Mans in France. The winner is determined by the car that covers the greatest distance in the 24-hour time limit so both speed and endurance are, therefore, of great importance around the circuit of closed public roads and sections of the actual racing track.

The event regularly draws crowds of over 250,000 and represents one leg of the Triple Crown of Motorsport, with the other events being the Indianapolis 500 and the Monaco Grand Prix.

The race is held in June when it is usually very hot but rain is also common, starting in mid-afternoon and finishing 24 hours later. Teams race in different classes based on their specification but also compete for an outright winner amongst all classes. Most teams have 3 drivers who share responsibilities over the 24-hour duration, with various rules in place determining how long a driver can be at the wheel at any one time.

One of the most famous races took place in 1966 and was made into a Hollywood movie entitled "Ford v Ferrari", highlighting the intense battle and rivalry between the newly built Ford GT40 and the perennially dominant Ferrari racing team. The first race in 1923 was won by a Chenard & Walcker Sport 3-Litre.

There have been many notable winners over the years, some dominating for long periods, including names such as Bugatti, Bentley, Alfa Romeo, Ferrari, Ford, Porsche, and Peugeot. In more recent years, names such as McLaren, Audi and Toyota have been victorious.

The 2023 event, being dubbed the race of the century, will see several major manufacturers making a return to the Hypercar class. Ferrari, Porsche, Cadillac, Peugeot and Glickenhaus will attempt to take the crown away from the recently dominant Toyota. Will one of them succeed? We will find out in June 2023.

Tickets are on sale for this eagerly awaited event with the "Early Bird" price for a 4-Day Race Week admission ticket being €94. This price applies until 28 February 2023 after which it will rise to €102. Race Weekend tickets cost €83 at the early bird rate, and €91 thereafter. Other packages are available, including grandstand seats and premium access.

For ticket details go to: ticket.24h-lemans.com

Call the ACO ticket office on +33 243 40 8000 or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.

It promises to be a centenary event not to be missed.

To discuss and explore opportunities to reach, target and engage with our global audience please contact me.  

Nick Aylieff | Classic Motors For Sale | This email address is being protected from spambots. You need JavaScript enabled to view it.
+44(0) 2392 160 809 | www.classicmotorsforsale.com|

The Monterey Auction 2022 – A Record Numbers Year

 
 

The Monterey Auction recently took place from the 18th to 20th of August in Monterey, California with over 790 cars sold for a total sales figure of $469 million, breaking the 2015 record sales number of $395 million.

Of the 790 vehicles sold, more than 110 of them went for $1 million or more, yet another record number.

An average sales price of $590,700 was seen during the event, with the top-priced sale of the weekend being a 1955 Ferrari 410 Sport Spider, which sold for $22,005,000 in the RM Sotheby's auction.

There had been concerns as to whether 2022 would be a strong year but the Monterey event proved yet again that all areas of the collector car market are in good health.

The sell-through rate at this year's event was 79%, almost on a par with the 80% of 2021, with demand strong in all sectors of the classic car market from pre-war classics to the latest supercars, and a range of models setting new price records.

Collectors of all ages were present with the trend for younger, millennial buyers again evident.

RM Sotheby's recorded 9 of the top 10 sales at the event, with a 1937 Mercedes-Benz 540K Sindelfingen Roadster selling for $9,905,000 and a 1924 Hispano-Suiza H6C Transformable Torpedo going for $9,245,000 – these being their next highest sellers after the 1955 Ferrari.

RM Sotheby's total sales figure was $239.2 million, which smashed world records and saw them selling more than all other Monterey auctions combined

Gooding & Company were able to break into the top 10 list with a 1937 Bugatti Type 57 Atalante Coupe, which sold for $10,345,000 and was the second highest value sale of the weekend.

The Broad Arrow Group made their debut during the Monterey week and recorded an impressive $55.3 million in total sales, with 88% of its lots selling. A 1964 Aston Martin DB5 that belonged to the late actor Sir Sean Connery (a model of which featured in the James Bond movie "Goldfinger") was a big seller at just over $2.4 million (well over the estimated price), with proceeds from this particular sale going to benefit the Sean Connery Philanthropy Fund.

We are sure that Mr Bond will be raising a glass somewhere, shaken not stirred, to this success and indeed to that of the Monterey Auction of 2022.

If you are an auction house or dealer that specialises in classic, vintage or supercar sales then why not advertise your events and vehicles for sale with us here at Classic Motors For Sale?

We have a wide range of advertising packages available that will showcase your events and stock on our websites, provide great exposure through our social media channels, and reach thousands of classic car enthusiasts through newsletters that go out to our growing list of subscribers.

For more information then please get in touch, all details below.

To discuss and explore opportunities to reach, target and engage with our global audience please contact me. 
 
Nick Aylieff | Classic Motors For Sale | This email address is being protected from spambots. You need JavaScript enabled to view it.
+44(0) 2392 160 809 | www.classicmotorsforsale.com|

Financing Your Classic Car Purchase

Classic cars can be very expensive, however, this can be outweighed by the fact that many tend to increase in value, so they are considered to be a good investment. Getting help to buy your classic car is often a requirement, with finance companies offering various services.

Banks and regular loan companies are of course an option but many may lack the experience of financing such a purchase. A standard car loan company may not be interested in financing a car that is over 20-25 years old, which is often the criteria for a classic vehicle. For these very reasons, using a speciality classic car finance company is considered to be a wise choice.

Getting an accurate assessment of the true value of your classic car before purchase is very important, a loan company that specialises in the market will be much better equipped to handle this issue. Classic car finance companies understand why you are buying the car and their experience in the market means they will provide an accurate and fair valuation.

Before getting the loan approval there will be the typical application steps to go through, credit checks, plus maybe a few additional ones for a classic car loan. Normally, the standard procedure is to pay an initial 10%-20% of the car's value, and then monthly payments spread over as many as 7 to 10 years (which is slightly longer than most standard car loans). You can of course pay a higher initial deposit and higher monthly payments to reduce the length of the loan, so all of this must be taken into consideration before deciding on the car purchase and loan.

The bottom line is to be sure you can afford to pay for this car of your dreams over the specified timeframe, so it is vitally important to get the car thoroughly checked before committing to any purchase, just to be sure that the car is exactly as it should be.

There are many finance companies out there that specialise in the classic car loan market so it's a good idea to shop around for the best deal or one that suits you.

Are you a classic car loan company looking to offer your services to classic car buyers and enthusiasts? Why not advertise with us here at Classic Motors For Sale? We have a range of cost-effective advertising packages available that will get your services directly in front of thousands of potential customers.

Maybe you would like to become our exclusive finance company partner?

For further information on advertising options and all things classic car related then please contact us using the details below, we will be more than happy to help you.

Nick Aylieff | Classic Motors For Sale | This email address is being protected from spambots. You need JavaScript enabled to view it.
+44(0) 2392 160 809 | www.classicmotorsforsale.com|