Koenigsegg in a huff over Bonhams' valuation of One:1

By CARSIFU | 5 July 2019

PETALING JAYA: Good morning one percenters. If you didn't already hear about the Bonhams' auction of seized supercars from an African dictator's son which is only happening this September, there's already a bit of a dispute from supercar maker Koenigsegg about Bonhams' valuation of the Koenigsegg One:1.

In a post titled "Bonhams-should you trust their appraisals" which appeared on the carmaker's website, it took Bonhams to task for "an estimate for the car that is way under market value."

It went on to say, "We at Koenigsegg are not willing to stand by on the sidelines and observe this wrongful and harming behavior without reacting."  The reaction was to "give Bonhams a base for a relevant estimate."

Koenigsegg One1 (1)

"We have gone out of our way to provide them with all the actual selling prices for the One:1 model known to date," said Koenigsegg.

"Factual prices that are in some cases more than twice their top end estimate. None of the prices known are even close to as low as Bonhams’s estimate."

According to the Bonhams listing, the One:1 is to be sold without reserve from CHF1.8mil - 2.3mil (RM7.6mil - 9.6mil).

As Koenigsegg tried but seems to have failed to persuade Bonhams to revise their price, the carmaker has concluded that "you cannot trust appraisals coming from Bonhams."

The One:1, introduced in 2014, has a hp-to-kg curb weight ratio of 1:1, the “dream” equation, previously thought impossible when it comes to fully road legal and usable sports cars. The One:1 is the first homologated production car in the world with one Megawatt of power, thereby making it the world´s first series produced Megacar.

Seven examples, including one prototype, were built during 2014 and 2015.

Koenigsegg One1 (2)

Well that settles it then. I'm not letting Bonhams come anywhere near my art collection never mind my car collection. (Editor's note: the writer is trying his hand at humour so please bear with him).

But for those who want a bargain for used but really expensive cars and do some charity at the same time (the net proceeds of the sale will go to a social programme in the territory of Equatorial Guinea), there's some fantastic cars on offer such as a Lamborghini Veneno Roadster, a McLaren P1, a Bugatti Veyron, a Ferrari LaFerrari, an Aston Martin One-77 and other models from Porsche, Maserati, Bentley and Mercedes-Maybach.

Bonhams will be holding the no-reserve auction at the Bonmont Golf & Country Club near Lake Geneva in Switzerland on Sept 29.