posted 5 days ago

Silverstone Auctions On TV As It Sells Classics & Breaks Records

Cars, prices and histories revealed as classic cars find new homes via a prestigious auction.

Lotus Elite Series 1

Silverstone Auctions starred in a television series and set records via its Lancaster Insurance Classic Motor Show sale at the NEC Birmingham, in November 2016. For The Love of Cars is a series that restores and sells classics and its presenters - Phil Glenister and Ant Anstead - were on site to see one such car go under the hammer. 

This 1958 Lotus Elite Series 1 – Lot 309 - was among the manufacturer's Earls Court Motor Show cars of 1958. It was later purchased by jazz legend Chris Barber and competed via International Sports Car Racing between 1958 and 1963. During its final year on track, it was a Goodwood Tourist Trophy Class Winner.

The Elite sold for £121,500 which was £40,000 beyond its lower estimate. It achieved a record auction price for a car of this nature, too. Silverstone Auctions – which sold 80% of its stock for a total of £5.8 million throughout the 2 day event – claimed there was “rapturous applause” as the hammer fell for the restored Lotus. 

Porsche

A 1989 Porsche 911 (930) Turbo Flachbau sold for £211,500 which was a record price. Lot 624 had a 3.3-litre engine and red paint. Moments earlier, a 1985 Porsche 911 (930) Turbo SE Flatnose in silver sold for £202,500 which was, briefly, a world record. Lot 608 was the first car of its type registered in the United Kingdom.

Jaguar

A 1962 Jaguar E-Type Series I Roadster sold for £171,000 which was £80,000 beyond its lower, pre-auction, estimate (Lot 635). Prior to the sale, the vendor owned it for 43 years and it starred in one of the manufacturer's official films. Other E-Types included a “barn find”, 1974, Series III Roadster that climbed to £69,750 (Lot 659).

Other notable vehicles included:

  • Lot 658: 1923 Clement-Talbot 10-23 Tourer (£17,833)
  • Lot 662: 1950 Land Rover Series I (£39,938)
  • Lot 652: 2001 Lamborghini Murciélago “3 Record” (£94,167)
  • Lot 302: 1990 Ford Escort RS Turbo S2 (£30,375)
  • Lot 305: 1969 Morris Mini Super Deluxe (£12,938)

Auction House delighted

Silverstone Auctions Managing Director, Nick Whale, said: “What a sale. One of our best ever and the most successful we’ve had at the Classic Motor Show since we first hosted the auction back in 2012.”

He added: “I’m delighted that we’ve achieved such strong prices for our vendors and it’s a delight to see buyers going home pleased with their new purchases. I’d like to say a special thank all those involved in helping put the sale together”.