Richard Hammond discusses his love for classic cars on GMB
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Legendary British auction house Bonhams have previously broken records for the most expensive vintage vehicles ever sold at auction. This includes a 1962 Ferrari 250 GRO Berlinetta sold in 2014 for $38,115,000, or £27.6million, a world record for the most valuable motor car sold at the time.
They also sold an ultra-rare Vincent Black Lightning motorcycle for $929,000 (£651,715 at the time) including buyer’s premium in 2018.
Whilst Bonhams has been an international auction giant since 1793, The Market by Bonhams was only launched in 2017, but has since taken the industry by storm.
In the last year, the company sold vehicles with a total value of £13million and grew its turnover by almost 300 percent.
But now, The Market by Bonhams, under the leadership of Caroline Cassini, is one of the most rapidly growing online marketplaces for classic and collectible cars.
They are set to launch in the USA in November and will be having their first in-person auction at the world-famous Scottsdale Auctions in January.
Caroline became the first female to enrol and only one to graduate from the celebrated automotive restoration programme at San Francisco’s Academy of Art.
After graduation, Caroline was scouted by Fantasy Junction, a well-known dealer of vintage automobiles in Emeryville, Calif and at the height of the pandemic last year, she sold a 1935 Auburn Boattail Speedster for $850,000.
Speaking exclusively to Express.co.uk, she said: “I came over to visit The Market in Abbington about a month ago and it was funny because we were going over some marketing material and the team was very eager to make it US based.
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“They thought we had to have Corvettes and Mustangs, but the US is pretty broad.
“It’s funny how the UK views the US and how the US views the UK market.
“From speaking with some of the team in the UK, people aren’t as comfortable with buying a car sight unseen as they are here in the States, I think it’s just become more normal for them.
“There is a place for live auctions, and they will not be going away anytime soon, especially with Bonhams.
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