Silverstone Auctions Celebrates Another Successful Silverstone Classic With £5,083,773 In Total Sales

Celebrating its fifth year at the Silverstone Classic, Silverstone Auctions’ sale was a resounding success, with total sales of £5,083,773*, achieving a sales rate of 75 per cent over the ever-popular two-day road car sale. The two-day sale, which one of the most successful ever at the Silverstone Classic, took place overlooking the racing events in The Wing on the weekend of 25-26 July. The road car sale followed from the auction house’s inaugural Competition Car Sale, held on 23 July. This racing car-only sale was the first auction of its kind to be offered by Silverstone Auctions and achieved total sales value of £1,071,220*. Highlights of the Competition Car Sale included a 1959 Cooper Monaco, which sold for £219,375*, while a 1979 Ford Capri GRP1 Ex-Gordon Spice went under the hammer at £92,250*. Showing that they are leaders in Seventies, Eighties and Nineties cars, the auction house achieved a total sales value of £4,009,722* after their road car sale. A successful sales rate of 75 percent over the two-day road car sale showed that the value and appeal from this ‘modern classic’ era is showing no sign of decreasing. Saturday’s road car sale recorded £2,249,824*, while Sunday’s sale recorded £1,595,969*. Factoring in lifestyle and automobilia sales, the final figure for the 2015 Silverstone Classic Sale was £5,083,773*. Star road car lots over the course of the event included the 1989 Porsche 911 930 Turbo LE. Created as a tribute to the Porsche 930 Turbo - a car that defined the Seventies and Eighties - it is a highly desirable car today and one that is rarely seen at auction. The last edition 1 of 50 right-hand drive LE had just over 30,000 miles and went under the hammer for £159,750*. Another immaculate and highly sought-after Porsche starring at the Silverstone Classic sale was a 1972 911 2.4 S Coupe. The left-hand drive, matching numbers car, presented in its original Light Ivory with a black interior and period correct Fuchs alloys, sold for £132,750*. Meanwhile, a very rare 1989 DeTomaso Pantera GT5-S proved to be the subject of much competition in the room. One of only 17 RHD GT5-Ss out of a total factory production of 187 worldwide, it exceeded its upper estimate of £150,000 selling for an exceptional £157,500*. It was a similar story for an outstanding example of the 1990 Mercedes-Benz 190E 2.5-16 EVO II. This roadgoing version of one of the greatest touring cars of its era attracted a huge amount of interest and far exceeded its upper estimate of £75,000, selling for £100,697*. The success of the sale was generated by a combination of the high-quality standard of lots but also the bidders online, on the telephone and in The Wing sales room. Nick Whale, managing director of Silverstone Auctions, says: “I can’t believe the Silverstone Classic sale is over for another year – what a high to finish our fifth year of the auction, though. The high quality of the lots and also the bidders - in the room, on the internet and telephone - have a large part to play in another record-breaking sale here at Silverstone. “The total sales rate of £5,083,773*, just goes to show the value of enthusiast-owned cars, bikes and automobilia and luxury goods – I’m particularly pleased that our inaugural Competition Car Sale was such a success while our road car sale was frenetic with some exceptional cars rightly achieving some exceptional prices.”  Tags:Classic car auctions, Classic Racing Cars, Silverstone auction