• March 29, 2024
 The Classic achieves £7m in sales

The Classic achieves £7m in sales

Last weekend Silverstone Auctions returned to The Classic at Silverstone, the world’s biggest classic motor racing festival, for their eleventh year as the official auction partner where they sold £7milllion worth of classic cars and collector motorcycles.

The three-day sale opened with a dedicated motorcycle auction on Friday 30th July, this was a first for their Classic Sale, which saw 62 motorcycles cross the block and a fantastic 70% of those sold. Some of the highlights include the 2018 Brough Superior SS100 which has covered just 74 miles from new and reached £31,950, as well as the restored 1975 Kawasaki Z1 B that sold for £16,875. All of the motorcycle results are available to view on the Silverstone Auctions website here.

Over the course of Saturday and Sunday, a series of automobilia items and number plates were also offered for sale. Included in the line-up were three charity lots, donated by Mercedes-AMG Petronas Motorsport to raise funds for the official charity partner for the wider event, Alzheimer’s Research UK. Used and signed drivers gloves from both Lewis Hamilton and Valtteri Bottas, as well as a hand-signed technical drawing, collectively sold for an outstanding £9,200, all of which will go to the charity.

No less than four auction world records were achieved over the duration of the weekend! With less than 10,000 miles, the remarkable 1991 Audi Ur-Quattro 20V (RR) achieved more than double its lower estimate, selling for a phenomenal £163,125. The subsequent Lot also achieved a record price, the 2000 Mitsubishi Lancer Evolution VI ‘Tommi Makinen Edition’ UK Specification Chassis #001 sold for £146,250, whilst the 2002 Volkswagen Golf GTi 25th Anniversary with just 8 miles from new, surpassed its top estimate and reached a staggering £38,250. The last of the four new records was Lot 659, the 1990 unregistered Mini Cooper RSP, with delivery mileage of just 39 miles it sold for £31,500.

The Sunday car auction opened with The Richard Hammond Collection. Eight classic cars and motorcycles were offered directly from Richard to raise funds for his new restoration business, The Smallest Cog. Richard was in attendance on the day, along with discovery+, who are creating a brand-new docuseries which will air later this year. Collectively all eight lots sold for £231,525 after being offered entirely without reserve. The 1999 Lotus Esprit Sport 350 was a real standout, selling for £65,250.

A few other highlights include the 1997 Porsche 911 (993) 3.8 RSR Carrera Cup, which is one of just 45 and sold for £652,500. Lot 451, the beautiful 1952 Alfa 1900 ATL Barchetta sold above its top estimate for £202,500. The 1987 Mercedes-Benz 420SL (R107) sold at its top estimate after a lengthy bidding battle for £45,000, and Lot 424 did exceptionally well; the 1965 Porsche 365C 1600 Super – Barn Discovery eventually sold for £69,750 after an intense round of bidding following a huge amount of interest in the car. With so many notable sales over the three-days, all of the results from the car and automobilia auctions are available to view on the Silverstone Auctions website here.

Silverstone Auctions final sale of the year is taking place at The NEC Classic Motor Show on the weekend of the 12th – 14th November. Classic cars and collector motorcycles are now invited for the three-day auction and the Silverstone Auctions team can be contacted on 01926 691141.

 

This article was submitted to be published by Silverstone Auctions as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

Silverstone Auctions

https://silverstoneauctions.com/

Silverstone Auctions Formed in 2011, Silverstone Auctions is a world-class, specialist auction house for the sale of classic cars, modern supercars, all types of competition cars, modern and historic motorcycles as well as automobilia. In 2020 we sold £32.3million worth of cars and The Silverstone Classic Live Online Auction was our highest grossing sale in the history of the company. Following the success of the company, The Silverstone Auctions group became the UK's market leading classic car auction house in 2020. We hold the exclusive automotive auction rights for Silverstone Circuit where we host several stand-alone events each year, as well as our annual headline sale as part of the Silverstone Classic, the world’s biggest classic motor racing festival. In addition to our sales at Silverstone Circuit, we also host several auctions each year at other major classic car events, including the NEC Classic Motor Show and Race Retro. At present, the events have been unable to go ahead in their typical format, but we have continued to work closely with each of these event partners for online versions. Over the years we have also been selected by several the UK’s official owners’ clubs to hold marque-dedicated sales, including the highly regarded Ferrari Owners’ Club of Great Britain, Jaguar Enthusiasts’ Club and Porsche Club Great Britain. With years of market expertise and specialist knowledge of the world’s vintage and modern car brands, our team works hard to provide accurate valuations and connect vendors and buyers across our global customer base. We are committed to providing the best possible service for both buyers and vendors alike, so if you’d like to know more about selling or buying with Silverstone Auctions, then please do get in touch by calling the expert team on 01926 691 141, email: enquiries@silverstoneauctions.com or visit their website.   Tel: 01926 691141 Email: enquiries@silverstoneauctions.com