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Tuesday, 2 June 2015

SILVESTONE AUCTIONS - The May Sale results

 
Celebrating a successful May Sale

Over 90 classic cars and nine historic motorcycles were offered in this year’s May Sale, with many best of breed models attracting significant interest, contributing to a sales rate of 80 per cent. Returning to our spiritual home at Silverstone race circuit, international collectors placed bids in the packed auction hall as well as online, over the phone and by commission, resulting in total sales of £3.4 million.
 
You can view the full set of results from the sale here.
 
We’d like to take this opportunity to thank all those who attended the sale and congratulate all of our successful bidders and sellers. If you missed the chance to sell your classic at the May Sale, we are now inviting quality consignments to our Silverstone Classic Sale which takes place at Silverstone circuit on the 25th and 26th of July. You can find out more here.
 
We do hope you can join us for our next sale, but until then, read on for some of the highlight classics that sold for remarkable prices over the weekend.  
 
 2010 Porsche 911 GT2 RS: Pre-sale estimate: £250,000 - £300,000: SOLD £281,250
 
 
One of only 16 UK supplied right hand drive cars, this rare supercar is the fastest production 911 to ever lap the Nurburgring and was presented at our May Sale in ‘turnkey’ condition. The modern classic sold for a remarkable £281,250, more than £30,000 above its lower estimate. 
 
1961 Bentley S2 Continental 'Flying Spur': Pre-sale estimate: £75,000 - £90,000: SOLD £101,250
 

Another classic that proved popular was this 1961 Bentley S2 Continental 'Flying Spur'. Selling for £101,250, the car was one of just 52 left hand drive models ever made and amazingly, had been under the same family’s ownership since new.
 
1986 Ferrari Testarossa: Pre-sale estimate: £80,000 - £100,000: SOLD £95,625
 

The earliest of the Testarossa series, a 1986 “Flying Mirror” example sold for £95,625. The car had been beautifully maintained regardless of cost, and fetched more than £15,000 above its lowest estimate.
 
2009 Ferrari F430 Scuderia: Pre-sale estimate: £230,000 - £250,000: SOLD £247,500
 

This 2009 Ferrari F430 Scuderia was also subject to much interest from collectors. The modern classic had covered just 85 kilometres from new, and was presented in a unique colour combination of Grigio Medio 791 with an Alcantara red leather interior. Bidding was strong and the car sold for £247,500, almost £30,000 higher than its lowest estimate.
 
1975 Porsche 911 Carrera 2.7 MFI Coupe: Pre-sale estimate: £95,000 - 110,000: SOLD: £146,250

 
With Porsche prices remaining strong, this special 1975 Porsche 911 Carrera 2.7 MFI Coupe also fetched a significant sale price. The classic represented an exciting restoration project for any discernible Porsche collector, and eventually sold for almost 50 per cent more than its lowest estimate.
 
1977 Jaguar XJC: Pre-sale estimate: No Reserve: SOLD £34,875
 

Proving that low mileage and single ownership will always generate significant interest, a 1977 Jaguar XJC with just 17,000 miles sold for £34,875. Buyers in the packed out auction hall were joined by no less than 14 phone bidders, as well as plenty of online bids and commission interest.
 
1952 Land Rover Series I 80": Pre-sale estimate: £26,000 - £28,000: SOLD £39,375
 

Among the British classics on the lot list, this 1952 Land Rover Series I 80” was particularly sought after. Restored by worldwide Land Rover authority, Ken Wheelwright,  the landmark classic was clearly popular with buyers and the winning bid was more than £11,000 over its lowest estimate, at £39,375.
 
1989 Porsche 911 Speedster 3.2 Turbo Body: Pre-sale estimate: £120,000 - £140,000: SOLD £144,000
 

This low mileage 1989 Porsche 911 Speedster 3.2 Turbo Body’s paintwork and body was presented in superb condition, with a simply faultless interior. One of just 139 Turbo-Bodied right-hand drive cars manufactured for the worldwide market, the car sold for £24,000 more than its lowest estimate.
 
2001 BMW Z3 M Coupe: Pre-sale estimate: £22,000 - £25,000
 

Collectors of modern BMW cars also fought to purchase a jaw droppingly distinctive 2001 BMW Z3 M Coupe. Supplied in excellent condition and ready to be driven away, the contemporary classic was set to be a shrewd investment and fetched £36,563 at auction, an amazing £11,563 more than its highest estimate.
 
1986 Mercedes 190E Coswort: Pre-sale estimate: £25,000 - £35,000: SOLD £38,250
 

An original example of the Mercedes 190E Cosworth having covered only 17,514 kilometres, bidding whipped into a frenzy as buyers battled to purchase this iconic 80s classic. Sure to prove a worthwhile investment, the car was hammered away at £38,250.
 
Entries are now open for our Silverstone Classic Sale

This year the Silverstone Classic celebrates its 25th anniversary, and once again we will be holding an auction at the prestigious event.
 
Taking place at Silverstone race circuit on Saturday 25th and Sunday 26th July, we are now inviting quality consignments into the sale.
 
Last year’s auction saw total sales of over £5million and two world record prices, with 85 percent of the cars on offer successfully sold. So if you would like to experience our dedicated, proficient service and offer your classic in the auction, please get in touch soon.
 
You can speak to a member of our specialist team by calling +44 (0)1926 691141 or by emailing enquiries@silverstoneauctions.com.
 
For more information, click here.

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