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Auction news

Elton’s Ferrari tops £500k

A 1972 Ferrari 365 GTB/4 Daytona, once owned by Sir Elton John, was hammered away by Silverstone Auctions for £551,250 including premium in a £5.5m sale during the Silverstone Classic Motor Racing Festival.

The bright red Ferrari (above) wasn’t the only car to draw enthusiastic applause from the crowd, with a 1987 Ford Sierra Cosworth RS500 drawing gasps of awe as it raced past the £100,000 mark during a fierce bidding war, eventually selling for £114,750 including buyer’s premium to an online bidder from Australia.

Despite an estimate of £70,000 – £85,000 before the sale, bidding for a rare 1973 BMW 3.0 CSL actually started at £95,000 and after a rapid-fire battle between room, phone and online bidders it eventually sold in the room for a final price of £137,250 including premium, almost doubling its lower estimate.

Modern classics performed exceptionally well throughout the two-day road car auction, helped by a number of remarkable low-mileage examples. A 1991 Vauxhall Lotus Carlton with only 4,500 miles on the clock beat its lower estimate by £12,000 to sell for £72,000 including premium, while a 2010 Ford Focus RS500 that had spent its entire life on show, covering only 206km from new, went for £54,000.

Fast Fords were popular across both days of the road car sale with an iconic 1987 Ford Capri 280 Brooklands powering past its lower estimate by more than £20,000 on day one to sell for £55,125 including premium. A 1973 Ford Escort Mk1 Mexico drew enthusiastic bidding to push its price to £34,313.

A Lancia Delta Integrale appears to be the car of the moment this year with two Evolution II examples soaring past their pre-sale estimates. A 1994 version, previously owned by Jamiroquai front man Jay Kay, sold to an Australian buyer for £42,118, and a bright yellow 1993 example went to a phone bidder for £33,750. These sales came in the wake of the headline-grabbing £225,000 achieved by four-times World Rally Champion Juha Kankkunen’s Group A works Lancia Delta Integrale during the Race Car Sale.

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