posted 2 years ago

Low mileage Ferrari 308 pushes auction proceeds beyond £1m

Stunning 1985 supercar with only 10,318 miles on the clock sells for £88,550

Few low mileage cars come with the cachet of a Ferrari which hasn’t spent much time on the road, hence the price tag of the lot which topped the bill at the latest Silverstone Auctions.

With only 10,318 miles on the clock, it’s perhaps little wonder that the 1985 Ferrari 308 GTS Quattrovalve sold for a premium inclusive £88,500, pushing proceeds beyond £1m.

The 308 GTS was just one of six Ferraris on offer at the Silverstone Circuit, with buyers from all over the world bidding to secure some rare examples of the increasingly popular Ferrari model.

A 1979 Ferrari 308 GTS sold for a premium inclusive £52,900, more than £12,000 over its lower estimate, while a highly original dry-sump 1978 Ferrari 308 GTB sold for £58,075, more than £13,000 over its lower estimate.

An elegant and understated 1988 Ferrari 412 GT sold for a premium inclusive  £21,562.

The sale got off to great start with a concours condition 1951 GMC Pick-Up selling for a premium inclusive £22,080, more than £9,000 over its lower estimate.

Barn find Aston Martins proved in demand as ever with a 1978 V8 Series III selling for £22,425 and a 1970 DBS selling for £ 33,350.

Speaking after the sale, managing director of Silverstone Auctions, Nick Whale, said: "Some great results have been achieved here at our final sale of the year at The Wing. As always we brought together a fantastic range of cars and hope our vendors are as happy with the results as we are.”

Having spent 15 years in storage and in need of restoration, the very first production spec Lynx Eventer, one of just 67 produced, caught the eye of bidders selling for a premium inclusive £28,750. A rare and highly sought after 1989 BM3 E30 M3 Johnny Cecotto hit top estimate selling for £40,250.

Whale added: "We now look forward to our final sale of the year at the Lancaster Insurance Classic Motor at the NEC, Birmingham. Some great cars have already been entered into the two day sale on the 15th and 16th of November and so I would encourage potential vendors to get in touch with us as soon as possible.”

* For the full list of results from the Autumn Sale or to find out more about submitting an entry into the two-day sale at the Lancaster Insurance Classic Motor Show, visit www.silverstoneauctions.com.