RARE COLLECTOR CARS ON CREATIVE RIDES SHOWCASE BLOCK NEXT MONTH

Rarity plays a significant role in determining the value of collector cars, and classic cars with limited production runs generally prove to be better investments.

This according to Creative Rides CEO Kevin Derrick, who says scarcity is one criterion in selecting cars for the annual two-day Montecasino auction showcase that takes place in Johannesburg on September 7 and 8.

“We have some of the best cars we’ve ever seen coming on our auction block this year and the quality and rarity thereof is the best we’ve ever had.

“As cars age, the rarity factor becomes more pronounced, especially if cars are well-maintained or restored to their original condition.

“This makes them extremely desirable to collectors; the fewer units available, the greater the value perception.

“Rare cars are harder to find and they often have unique features or specifications not found in mass-produced models. It’s also common sense that the basic principle of supply and demand means fewer examples increase market appetite and push up prices.”

Derrick says this year’s auction includes several collectable stunners.

  • A 1963 Porsche 365B Cabriolet – special because it’s one of fewer than 60 Porsches that the German manufacturer has ever permitted to be built outside of Germany, and all of those beauties were born in South Africa in the 1960s. It is believed that around 50 1963 Porsche 365Bs were imported in a knock-down format; only a handful of them cabriolets. There would have been more of these unique South African Porsches built, but at least half a dozen were lost overboard when the first container ship from Germany was caught in a storm in the Suez Canal in 1962. It is understood that only 12 or 13 of these rare sports cars now remain in the world. The model on auction is one of the rarest of the rare; a 1963 1600cc 356B Cabriolet assembled by Lindsay Motors in Johannesburg, and would have retailed for approximately R3 800 when it was first released to market. Lindsay Motors was the only company outside Germany licensed by Ferry Porsche to build these cherished cars during that era. This 1960s Cabriolet underwent a meticulous three-year restoration by a select group of Porsche experts, primarily at Carrera Motors Johannesburg, where the owners were tutored by Porsche Salzburg. Every part was sourced from Germany, ensuring authenticity and quality. It sports new dark blue paintwork, a brand-new top, and a tonneau cover. It also boasts a fresh set of tires. The rebuilt engine purrs with the distinctive Porsche note, and the twin carbs were carefully rebuilt to ensure smooth operation. Accompanying the car are its extensive history book and original birth certificate.
1963 Porsche 365B Cabriolet
1963 Porsche 365B Cabriolet
  • One of the supercar greats, this 1995 Ferrari 348 GTB is one of 252 ever made – and one of only 14 original right-hand drives to have ever come from Ferrari in this model. Although based on the 348 TB, the 348 GTB differed with the V8 bumped up from 300 to 320bhp, the suspension geometry was revised, and the fuel tank size reduced to make space to improve chassis rigidity. The model on auction has been fitted with a Challenge body kit, but original parts are available in the sale. A major service (including belts) has just been done and fresh tyres fitted. Traditionally overshadowed by the 355, the 348 range is now gaining the recognition it deserves thanks to Testarossa-inspired looks and its manual gearbox. Adding to the cool factor is the factory-approved Tubi exhaust.
1995 Ferrari 348 GTB
1995 Ferrari 348 GTB
  • Born and bred in the heart of South Africa, the 1986 Alfa Romeo GTV6 3.0 was built for homologation purposes to compete in the national racing series against the likes of BMWs and Fords of the 1980s. These cars have broken records at previous Creative Rides auctions and remain in high demand. This 1986 model pairs the balance of the 3.0 V6 engine upfront and the gearbox and differential in the rear, making it very stable at all speeds. Alfistas affirm that the 3.0L V6 is the sweetest sounding engine of its size and a masterpiece automotive crafting. Finding a GTV6 3.0 is becoming more and more difficult. With only 212 ever built, this car is an investment in South African craftsmanship.
1986 Alfa Romeo GTV6 3.0
1986 Alfa Romeo GTV6 3.0
  • One of BMW’s sleekest designs, this 2011 BMW E92 M3 Frozen Edition is one of only 25 ever released on the South African market. This car is a collector gem. Boasting only 34 000km and with a record of meticulous maintenance, it is both an investment and a thrill to drive. The powerful V8 engine under the bonnet flies from standing to 100km/h in 4.5 seconds, and onwards towards 290km/h.
2011 BMW E92 M3 Frozen Edition
2011 BMW E92 M3 Frozen Edition
  • Made for the open road, the 2016 Jaguar F-Type Project 7 convertible is a remarkable collector edition sports car that combines cutting-edge performance with a tribute to Jaguar’s illustrious racing heritage. With a limited run of only 250 units worldwide hand-built by Jaguar Land Rover’s Special Operations team and with only 5 currently in South Africa, this exclusive model stands as the fastest and most powerful Jaguar ever produced. With a V8 under the bonnet making this car capable of accelerating from 0 to 100km/h in just 3.8 seconds and reaching a top speed of around 300km/h, the F-Type Project 7 is engineered for pure driving pleasure. The name “Project 7” pays homage to Jaguar’s seven victories at the prestigious Le Mans 24-hour race, with design elements inspired by the iconic 1950s D-type.
2016 Jaguar F-Type Project 7 convertible
2016 Jaguar F-Type Project 7 convertible

Derrick says limited edition collector cars have overwhelmingly been performers on the market over the past decade, often outpacing other types of investments in terms of appreciation.

“The market performance of these cars is driven by a combination of rarity, historical significance and demand among collectors.

“As we’ve seen in the South African market, stats from Hagerty, a leading insurer of classic cars in the US and globally, show that limited edition and rare collector cars have seen significant value escalation over the past decade with some models appreciating by as much as 300% to 400%.

“Across the board, the global classic car market is projected to grow to US$43.3 billion by the end of this year according to market data and research company Statista. And if estimated prices at auction are anything to go by, the predicted US$12.5 billion increase in market value over four years is accurate.

“But do you want to know what the best thing is about investing in a collector car? It’s literally the most fun you’ll ever have with any investment you ever make!”

Creative Rides Director and Lead Auctioneer Joff van Reenen says bidder interest in the auction is coming from dozens of countries.

“The Montecasino auction next month will be both a live event, and live-streamed through the Creative Rides app to a global buyer pool who will be bidding on the app. The live stream can also be watched on YouTube and on www.creativeridesauctions.com.

“Bidder registrations and buyer enquiries are now coming in from countries as varied as the US, the UK, Canada, Mauritius, most of the European mainland, Brazil and even several nations in the Caribbean.

“Qualified bidder registrations have also climbed by more than a third this year, and the numbers are growing with every auction.”

Van Reenen says all information about this year’s Montecasino auction can be found at www.creativeridesauctions.com and on the Creative Rides app, which is a free iOS and Google Play download. 

Bidder registrations can also be done through www.creativeridesauctions.com.

“We’re expecting record crowd numbers through the gates on both days, because this year’s sale is going to be the best collector car auction yet,” says Van Reenen.

Entry tickets for adults are R250. Entrance is free for children under 18.

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