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1955 Le Mans raced Triumph sets £258,750 world record TR2 price in Silverstone Sunday Sale at Lancaster Insurance Classic Motor Show at NEC

Even though a second 1965 Aston Martin DB5 sold for £618,750 with premium, the absolute superstar of the Silverstone Auctions Sunday sale was the ex-works 1955 Le Mans 24 Hours 19th placed Triumph TR2 ‘PKV 374’, which had been purchased by the late King Hussein of Jordan at Le Mans in full race trim, but which sold 64 years later on a Sunday afternoon in Birmingham for £258,750 with premium. Relatives of the deceased owner were in the seats at the NEC to witness the world record breaking auction price for a TR2 that had been in their family for the past 47 years.
There were no buyers however for either a 1966 Aston Martin DB6 Mk1 Vantage Manual at £270,000-310,000 or a £185,000-200,000 1967 DB6 Auto, although a below estimate £65,000 was bid and accepted for a 1968 DBS Manual which fetched £73,125 with premium.
The highest priced Ferrari, a 1973 Dino 246GT, raised a more than estimate £236,250 for another deceased estate, an only 3445 mile 1998 550 Maranello £101,250 and a 17,000 mile 1989 328GTS Targa-top £81,000. A 1965 Maserati Mistral 3.7 on Lucas fuel injection achieved a forecast £123,750 and a 1989 Porsche 911 Type 930 Turbo Cabriolet with 62,400 warranted mileage £59,625. A once Porsche owned 1995 928GTS Auto lefty found £29,250 and encouraged German bids.
£148,000 with premium bought a 2013 Noble M600 Carbon Sport, for which £150,000 or more had been sought, and a convincingly executed 1967 Ford Mustang GT Fastback ‘Eleanor Evocation fetched £76,500. Highest priced UK Fast Ford in Sunday trading in Brum was a Kerry Sealey restored and mint 1972 Escort Mk1 Twin Cam rally car claimed to have been built by the Ford Competitions at Boreham that sold for £49,500.
A fully restored right-hand drive 1958 Mercedes-Benz 190SL Roadster with factory hardtop, a House speciality model for Silverstone, realised a close to top estimate £117,000 and a 1971 280SE 3.5 Coupe, first owned by Lulu who was married to Bee Gee Maurice Gibb at the time, also made a forecast £68,625. A Sherwood Restorations and well detailed 1965 Sunbeam Tiger Mk1 with hardtop really deserved the more than forecast £65,250, while a fully refurbished and cosmetically sharp 1978 Toyota Land Cruiser FJ40 in right-hand drive went for £30,375, top estimate money.
Although 22 cars did not sell during the Saturday Sale, 39 or 64% of the 61 cars parked on the Silverstone Auctions stand carpet did, under the hammer, and for £2,620,473 including premium, an average of £67,192 paid per auction car bought. While 2 cars were auctioned Without Reserve and were going to sell anyway, below estimate bids were accepted for only 5 cars as 21 sold for within their guide price bands and 11 made more than top estimate sums.
On the Sunday, another 39 of the 53 cars offered on Day Two sold under the hammer during a 74% sold afternoon, by the end of which another premium-inclusive £2,845,917 had been spent, an average of £72,972 per car. Again, while 14 cars were unsold, 2 No Reserve lots duly sold and below estimate bids were accepted for another 11 with 17 selling for within estimate band prices and 9 for more than forecast sums.
Over the two days therefore, and before any post-sales had been added to the totals, 78 or 68% of the 114 consigned cars sold ‘live’ for £5,466,390 including premium, an average of £70,082 per classic bought. Considering the politician induced uncertainty of the times, at least 78 votes of confidence were cast by decisive buyers of auction cars at the NEC.
While members of 300 clubs and over 71,000 enthusiasts were sufficiently magnetised by the pull of a traditional exhibition to abandon their Playstations and buy tickets to attend the three days Lancaster Insurance backed Classic Motor Show with Discovery, most paying extra to park their politically unfashionable motor cars. RH-E

 

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