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Outstanding sale for Silverstone Auctions with 89% of cars offered sold

Published on 28 May 2020, 08:52
  • First Live Online Auction records an outstanding sale rate of 89%
  • £4.64 million in sales as Silverstone Auctions heads online
  • Jaguar D-Type and Peugeot 205 T16 Group B record over £300,000 each
  • 1961 MK2 Jaguar sells for double its estimate
  • Jay Kay’s BMW M3 E30 Competition storms its top estimate

Silverstone Auctions Live Online sale has been classed as outstanding, with 89% of cars offered being sold with £4.64 million in sales.

Held in a secure environment and streamed live to buyers, vendors and enthusiasts the excitement of the lots being hammered away by auctioneer Jonathan Humbert was clear for all to see.

Nick Whale, Silverstone Auctions Managing Director commented: “We can’t quite believe it! For our first live online sale, the results have been truly outstanding. The support we have had from vendors and buyers has been very humbling in helping to produce this superb catalogue.”

The quality of cars being offered was clearly showcased with not just images but video footage of most cars and an interactive e-catalogue, plus one to one viewings conducted following Government guidelines.

There were a number of cars which had generated a lot of interest and were being closely watched online. In fact, one was being streamed to a Zoom conference. Lot 149 the 1984 Peugeot 205 T16 Group B was broadcast to a select few members of ‘Rallying With Group B’ which also included the two vendors. The bidding was amazing with two buyers clearly wanting the car and pushing each other to £306,000 (£336,600 including commission) exceeding its higher estimate. In fact, the number of people watching on their Zoom call at the time the hammer fell was 306.

The private collection of 16 eclectic cars all sold which included the standout Lot 116 a 1962 Jaguar D-Type Short Nose Recreation. This was no ordinary recreation as it was a tool-room copy using some very rare and unobtainable parts which no doubt helped it to pass its higher estimate and sell for £390,500.

Such was the success of the auction there were several cars that all sold very well and above their higher estimates including a 1968 Ford GT40, a Ferrari 512BBi and a 1971 Porsche 911 2.7-Litre RS Recreation which itself had a very special story and sold for £161,700.

An exquisite 1961 Mk2 Jaguar 3.8 manual with overdrive and a verifiable 20,400 miles on the clock sold for a staggering £93,500, apparently just short of a world record, but a simply stunning car which once belonged to Richard Fairbrass of Right Said Fred.

Jay Kay, frontman of rock band Jamiroquai, was also offering three cars from his exotic collection which included a 1987 BMW M3 E30 Competition. The interest in this car was so strong with the price storming past its higher estimate with two bidders clearly determined to take this car home and sold for £92,950.

The 1960 Facel Vega HK500 was the pinnacle of French elegance and this particular car was chosen and driven by Quentin Wilson for BBC’s Top Gear. Sadly in 2007 it was then damaged by fire and written off, but amazingly it still runs and drives. One successful bidder saw the benefit of restoring this once wonderful car and grabbed the opportunity, purchasing the car for £63,800.

Nick continued: “A huge thank you goes out to everyone who was involved with this auction. As we know the times have been tricky to say the least and finding a way through where we can still operate has been a challenge, but this auction has shown that all the effort has paid off and we look forward to our next sale.”

All the cars were kept in a single secure storage facility with one to one viewings and all procedures conducted in line with Government guidance.

Silverstone Auctions can be contacted on 01926 691141 or email enquiries@silverstoneauctions.com and would be happy to talk with you and help you consign your car to one of their auctions.