January 26, 2017
Witness
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Boomers buying old VW kombis
The Volkswagen T2 21window Samba Bus (left) that fetched over R4 million ($302 500) at the weekend’s BattetJackson auction, and what wealthy baby boomers like to collect. PHOTO: BARRETT JACKSON AUCTIONS
Ageing hippies’ willingness to pay for the nostalgia of old Sambas sends up the value of all rustfree, wellmaintained VW Kombis around the world MIKE HANLON MORE cars went to auction in Scotts dale, Arizona, this year than ever be fore and, with 2 900 sales from 3 486 vehicles on offer, it was remarkable that the sellthrough rate (83,2%) re mained in the mid80% range that it has done for many years. Two things did change, though. One was the average sale price, which declined for the second year in a row ($115 640 in 2015, $100 600 in 2016 and $89 600 this year), indicating that quality cars are a very finite com modity.
“The last six years have seen phenomenal growth and plenty of wealth created in the collectible car auction industry.” The second is the buyer profile. It is clear that the postwar baby boom now controls the world’s investment capital, and the alternative culture that was championed by this age group is no doubt at least partially re sponsible for the rise of VW kombis and celebrityowned cars, as well as sports memorabilia as legitimate al ternative asset classes. Hagerty, the insurance company that maintains a database of actuarial accuracy, shows that while the most
exclusive cars continue to see strong interest, the uppermiddle market for under $1 million (R13,3 million) is softening. The bottom of the market, however, remains strong. What was obvious from our view point was that the prices were incon sistent almost everywhere. When a quality Ferrari 250 GT SWB California Spider has trouble getting a bid above $10 million, there’s something wrong. At the other end of the market, the $302 500 fetched by a 1965 Volkswag en 21window Deluxe T2 Samba van shows the preference of rich old baby boomers. In Melbourne last year, a 1960 VW Kombi Samba sold for what was then a world record $20 000. Quite clearly, people power is flex ing its muscles once more, and al though the prices of rare 21 and 23 window Deluxe Samba vans are the most visible sign of the boomers exer cising their preferences, the rising wa ter mark has seen the value of all Volkswagen Kombi vans grow like wise over the last few years. The collectible car auction industry has twice transformed from being an enthusiastonly domain to an alterna tive to the stock market. It first hap pened back in the late 1980s and early 1990s when cheap money flooded the market and gave the industry its first tulip mania moment. The last six years have seen phe nomenal growth and plenty of wealth created in this industry, but the open ing salvos of the 2017 profit hunting season suggest surprises galore for the coming year. — NewAtlasWR.
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Wheeled events in KZN
MORE than 20 of KZN’s top and aspiring stunt drivers will travel from as far as Estcourt, Durban and Umlazi to show their skills to the fans at Team Alky’s Birthday Spin Bash in Scottsville on February 25. Entry is R60 for adults and R30 for children. Team Alky, named for the team’s first Alcamino, pride themselves on their familyfriendly spin bashes and no weapons, glass, braais, skottels or spinning on the grass are allowed. There is strict security to ensure this will again be a fun day for everyone to remember.
Our friendly sales team is equipped to deal with all enquiries and have a wealth of knowledge in the motoring field. We pride ourselves in delivering exceptional service and products to our clients and therefore have a stringent quality check process in place to make sure that every product complies with our requirements and is in top order. Tel: Cell:
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Tata LPT 813 (4 ton)
Tata LPT 1518 (8 ton)
Price includes a 3 year / 300 000 km roaming warranty across 14 countries and over 100 touch points.
035 789 0464 53 Bullion Boulevard 035 789 0754 Richards Bay CBD 084 357 1082 Richards Bay eastcoastengines@gmail.com
Royal Truck & Bus 164 Ohrtmann Road, Willowton, Pietermaritzburg 3201 Contact Numbers: Office: 033 387 6420 • Jevon: 060 630 1225
22637/E
THE second KZN 4x4 Team Challenge will be hosted at Shakaskraal on March 19. Teams compete in four vehicles to win the best in show, a challenging 4x4 course and a time attack. While it is a fun event designed to give 4x4 owners a safe space in which to enjoy their vehicles, it is a tough course that demands brave drivers. Winners get bragging rights in this paper and fame on Facebook. More from andre@kzn4x2.co.za.
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Model
Mazda2 1.5L Active Manual
Recommended Retail Price
R209 800
Instalment (excl R57 monthly admin fee)
R2 699
NOW only from R339 900.
5 YEAR
UNLIMITED KM
YEAR
IN Estcourt, the Las Vagas Club hosts a soundoff, show and shine, and pool and darts competitions on February 4 from 1 pm until late. The Las Vagas Club is known for its fun fundraisers and this will be more of the same. Information from Saresh at 072 658 3155. POSTERS: SUPPLIED
WARRANTY & SERVICE PLAN
NOW only from R3 499 P/M.
5
for CV joints, ball joints, tie rod ends, wheel bearings.
341 GReYlinG stReet Pmb. 033 342 9174/75
THE BT-50 RANGE
/
YEAR
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Model Recommended Retail Price
Mazda3 1.6L Original 4Dr R257 200
Model Recommended Retail Price
Instalment (excl R57 monthly admin fee)
R3 499
Instalment (excl R57 monthly admin fee) R4 699
UNLIMITED KM
CV Joint speCialists
/ 150 000 KM WARRANTY ON
YEAR
WARRANTY & SERVICE PLAN
UNLIMITED KM WARRANTY & YEAR
SERVICE PLAN
Mazda CX-5 2.0L Active Manual R363 900