AN AUCTION house in Dorset has agreed an official partnership with an iconic series of motor races.

The Isle of Man Government’s Department of Enterprise has signed an agreement with Charterhouse Auctioneers in Sherborne to be an official partner of the Classic TT Races presented by Bennetts.

The partnership includes Charterhouse running an auction of historic, vintage and classic motorcycles at the Classic TT races from 2020.

A first auction is scheduled to take place during the August Bank Holiday weekend in 2020 in a specially constructed venue in the Classic TT Paddock in Nobles Park and will be open to live and internet bidders.

Charterhouse are well-known in the historic vehicle world having been selling racing, vintage and classic motorcycles and cars for 20 years.

Matthew Whitney, head of classic vehicles at Charterhouse, said: “We are thrilled to have signed this agreement with the Isle of Man Government’s Department for Enterprise.

“The Classic TT is probably the biggest and most important series of races for classic motorcycles and attracts enthusiasts from all over the world. With racers, collectors, and motorbike enthusiasts on the island for the Classic TT it will be a fantastic place to sell you motorbike, and we are expecting some great results.”

Several motorcycles have already been consigned for the inaugural Classic TT Auction in 2020 including Mick Grant’s Kawasaki KR750. The seven-time winner of the Isle of Man TT motorcycle race rode this KR750 in the 1977 event setting a new lap record of 112.77 mph and clocking a speed of 191 mph on the run from the Creg to Brandish. The motorcycle is estimated at £200,000-220,000.

A 1952 ex-Arthur Wheeler Moto-Guzzi, which won the 1954 Italian 250 GP was taken to this year’s Classic TT and put on the Charterhouse stand to promote next year’s auction has also been entered, with an estimated price of £30,000-35,000.

However, the auction is not all about big bikes, as there is a 49cc Kreidler Van Veen entered into the auction.

From 1962, this Kreidler Van Veen with just 49 cc revs up to 14,500 rpm and is estimated at £8,000-10,000.

Charterhouse are accepting entries for this important auction of historic, classic and vintage motorcycles at the 2020 Classic TT.

They are also accepting further entries for their October classic & vintage motorcycle auction being held at The Haynes International Motor Museum in Somerset.