Silverstone Auctions Hit an All Time High
21 April, 2014
Rust in peace? Not likely!
More and more historical vehicle enthusiasts are looking to transform their classic cars, results from a recent auction suggest.
Last weekend's inaugural Practical Classics Restoration Show (April 12-13) showcased the biggest-ever collection of 'barn finds' offered at a single auction.
Silverstone Auctions hit an all-time high sales rate of 85% in its £1million total sale at Birmingham's NEC.
Footman James were also on hand, sponsoring the popular Classic Car ER (Emergency Room) and offering guidance for restoration newcomers. The area provided a “doctor's surgery” of important sector experts who gave tips through masterclasses, talks, panel discussions and practical demonstrations.
Arthur Daley's 1981 Daimler Sovereign Saloon, as seen in TV show Minder, made for a nice little earner, selling for £15,525 - while the original Eastenders Morris milk float earned a top bid of £2,300.
A French 1962 Facel Vega HK500 restoration project led the way at the barn find auction with a price of £64,400.
British classics also featured strongly with buyers prepared to pay through the rusty roof.
A magnificent 1958 Jaguar XK150 Drophead Coupe went for double its original lower estimate. It fetched a premium inclusive total of £62,100 after being found recently in Sicily.
Bidders from across the globe battled it out to secure an uncommon 1969 Aston Martin DBS Vantage, which eventually went for a premium-inclusive £51,175. Fellow DBS barn find, a 1970 V8 Series I, fetched £49,450.
Meanwhile, an enthusiast paid £17,940 for an incredibly low mileage 1983 Fiat X19 Bertone.
A 1939 Lagonda V12 Hooper two-door saloon earmarked for auction was unusually bought in a substantial six figure pre-auction deal.
Nick Whale, managing director of Silverstone Auctions, said: “If ever proof was needed for the enduring appeal of the barn find then surely these results are it”.
Silverstone Auctions’ Restoration Show sale results and future events can be found at www.silverstoneauctions.com.
Caption: Barn finds proved a huge hit at the inaugural Practical Classics Restoration Show