Auction Report

Multiple Silverstone Records Slashed in UK

Auction House Boasts Most Successful Sale Ever at Classic Motor Show

Posted: November 17, 2016 5:30 pm
by Matt DiVenere
Photo courtesy of Silverstone Auctions.

At the Classic Motor Show in Birmingham, UK, Silverstone Auctions smashed several world records on its way to its most successful auction in its five-year history of attending the event, with total sales at approximately £5,800,000 (US $7,305,510) during its two-day auction from Nov. 12-13.

There were several notable sales at the Classic Motor Show; however, the one lot that received the most pre-auction hype was a 1958 ex-Chris Barber Lotus Elite Series I that set a new world record price of £121,500 (US $153,038). Not only was the hype due to the rarity of the car itself and its condition, but also because of the additional press that was following the car very closely.

Ant Anstead and Phil Glenister, from the popular British television show “For the Love of Cars,” followed the car’s journey through restoration to the auction block, and will be featuring the Lotus in a one-off special on the show. The episode is scheduled for this Sunday, Nov. 20 at 8 p.m. (CEST).

Back-to-back world records were broken for a Porsche 911 (93) coupe. First up was a 1985 Porsche 911 (930) Turbo SE Flatnose sold for a new world record auction price of £202,500 (US $255,063). The buzz in the room hadn’t even died down before a 1989 Porsche 911 (930) Turbo Flachbau sold for £211,500 (US $266,399). The right-handed drive with just 12,600 miles on it sold for more than £81,000 (US $102,025) over its low estimate.

Porsche was a hot commodity for Silverstone all weekend long, as a 1957 Porsche 356A T1 Speedster sold for £306,563 ($382,359), which was the highest sold lot of the event.

Another world record that fell at the Silverstone’s auction was a fully restored 1969 Aston Martin DBS 6 (Vantage spec). The DBS was one of just 767 models ever built and sold for £174,375 (US $219,638). The Aston Martin broke the world record for the highest hammer price for the DBS 6 Vantage Spec. A 1977 Jaguar XJ12 Coupe, winner of over 18 national concours events, also broke a world record in auction price, selling for £43,875 (US $55,264).

As far as the rest of the docket goes, Jaguars stole the show from a value standpoint. Seven Jaguars sold above their presale estimates, including a 1962 Jaguar E-Type 3.8 Roadster that had a seven-bidder race before selling for £171,000 (US $215,386), which was almost £80,000 (US $100,766) more than its low estimate.

A 1965 Jaguar E-Type 4.2 Series I Roadster sold for more than £50,000 (US $62,979) over its low estimate, with a final sale price of £146,250 (US $184,212). And, continuing with the trend of barn-finds exceeding expectations at auction, a 1974 Jaguar E-Type Series III Roadster sold for £69,750 (US $87,855), which doubled its low estimate.

With this being its final auction of the 2016 season, Silverstone held no punches and filled its docket with some significant and rare British sports cars as well as an eclectic range of premier vehicles and possible daily drivers. Based on its results, the docket was well planned for its audience.

“I’m delighted that we’ve achieved such strong prices for our vendors and it’s a delight to see buyers going home so pleased with their new purchases,” said Nick Whale, managing director of Silverstone Auctions in a press release.

Silverstone has scheduled its first auction of 2017 for the Race Retro Competition Car Sale at Stoneleigh Park in Stoneleigh, UK on Feb. 24, 2017.

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