Silverstone Auctions achieve all-time record sales
Largest collection including British Classics
The largest collection of barn finds ever offered in one auction helped Silverstone Auctions achieve an all-time record sales rate of 85 per cent in their £1million total sale at the very first Practical Classics Restoration Show.
Silverstone Auctions is a world-class, specialist auction house for classic cars, modern supercars, all types of competition cars, modern and historic motorcycles and automotive memorabilia. Managing director of Silverstone Auctions, Nick Whale, said “I’m delighted with the results we’ve achieved for our vendors in the biggest ever auction of its type. If ever proof was needed for the enduring appeal of the barn find then surely these results are it”. This was a fantastic sale and we look forward to seeing many of the restoration projects brought back to their former glory very soon. But it’s no time to pause, our next auction, the May Sale, is only weeks away and we are now inviting entries into the sale which takes place at The Wing, Silverstone.”
One of the stunning British classics found was a 1958 Jaguar XK150 Drophead Coupe, this car alone sold for a premium inclusive total of £62,100 which was more than double its lower estimate at the sale. The top seller at the NEC Birmingham sale was a restoration project 1962 Facel Vega HK500 which successfully hammered away for £64,400. An international bidding war saw a rare 1969 Aston Martin DBS Vantage eventually sell for premium inclusive £51,175, more than double its upper estimate. Another DBS barn find, a 1970 V8 Series I, proved equally popular selling for £49,450.
A 1981 Daimler Sovereign Saloon that featured in Minder sold for £15,525, whilst the original EastEnders Morris milk float sold for £2,300. Another frenzied bidding war saw an incredibly low mileage 1983 Fiat X19 Bertone sell for £17,940, more than twice its lower estimate.
A 1939 Lagonda V12 Hooper two door saloon that was set to go under the hammer at the sale was snapped up in a significant six figure pre-auction deal. The auction house do not usually accept pre-auction sales but due to the gravitas and strength of the offer, and in full consultation with the vendor, it was impossible to ignore.
Auctions take place nationally as well as in The Wing, Silverstone circuit’s £27 million building, which has space to display up to one hundred auction vehicles and includes seating accommodation for up to 400 attendees.