Hundreds of bargain hunters and tyre kickers watched $3.5 million worth of luxury vehicles go under the hammer at Turners Auction on the weekend
The prestige auction featured makes such as Maseratis, Ferraris, Mercedes-Benz, and Aston Martin.
Out of the 25 prestige cars up for auction, 17 were sold on Saturday.
Todd Hunter, General Manager Sales and Marketing said that despite the recession there are still many people who are in a position to purchase a luxury vehicle.
“Smart buyers are looking to prestige auctions to make their car-buying dollars stretch further. We had a remarkable range of cars up for auction and you’d be mad not to purchase prices 30 to 40 per cent less than retail” he says.
The deal of the day was a hand-made 1997 Aston Martin Vantage – the only one of its kind in the Southern Hemisphere. It sold for $140,000, almost half its reserve price of $265,000 at the last prestige auction.
Other lots quick to sell on Saturday included a ‘No Reserve’ 2006 Hummer H2 which sold for $85,000. A Mercedes Benz CL600, which sold as new in 2007 for $389,000 sold for almost half that amount at $195,000.