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MGB Sells For £142,000 at Auction This Evening

Investors with an eye to capital gains tax avoidance flocked to the first Historics classic car auction at the Brooklands Museum this evening.

 

Chris Evans recent purchase of a late Ferrari GTO for £12,000,000 had obviously got their attention.

 

Star lot today was a 1931 4.5 litre supercharged VDP style Bentley, estimated at £580,000 to £660,000. It bid to a provisional £600,000, and then sold for that. (£670,500 after 11.75% commission and VAT.)

 

But true investment potential depends how attractive, how unique and how unrepeatable a car is.

 

Thus, a rather nice 1963 ‘flat floor’ 3.8 E-Type Jaguar roadster failed to sell at £60,000. While a 1973 Ferrari 246GTS Dino made £60,000 (£67,050) against an estimate of £55,000 to £70,000. Yet the 1964 MGB ex works rally car (the only one left in the world), exceeded its estimate of £95,000 to £125,000 to sell for £127,000 (£141,922 including commission). 

 

 

No one wanted a 3,000 mile 1993 Jaguar XJ220, possibly from too many memories of fingers burned the last time supercars became hot investments. That bid to a mere £120,000 against an estimate of £135,000 to £165,000.

 

On the other hand, an original 1955 Aston Martin DB2/4 Mk 1 drophead, impossible to recreate, and estimated at £110,000 - £130,000 sold for £145,000 (£170,375 inc.).  Another DB2/4 Mk I, this time a saloon, with restored mechanicals but unrestored body, made £80,000 (£89,400 inc.) against an estimate of £65,000 to £85,000.

 

A stripped to the last nut and bolt restored 1935 Freestone & Webb Bentley 3.5 litre, together with the Freestone and Webb private limited company with no liabilities (really nothing more than a certificate) sold for £74,700 (£83,477 inc.).

 

Non sellers included a recreated Speed Six Bentley built for the 2007 Peking to Paris run that bid to £160,000. A 2005 Mercedes CLK DTM estimated at £165,000 to £205,000 that bid to just £120,000, a 1968 Ford Escort Mk I AVO rally car estimated at £35,000 to £48,000 that bid to £30,000 and a 1966 Lotus Cortina estimated at £25,000 to £32,000 that bid to £23,000.

 

I repeat: to make big money in today’s investment dominated market a car has to be attractive, unique and unrepeatable.

 

Then it really is an investment.

 

Lot by lot

 

1957 Lambretta 150LD restoration project £180 (£210.15)

1985 Mercedes 280TE manual £2,000 (£2,235)

1972 Opel GT 1.9 for restoration £2,800 (£3,129)

1977 Daimler Sovereign 3.4 £1,900 (£2,123.25)

1953 Bentley R-Type saloon £19,000 (£21,232.50)

1972 Mercedes 280SE 3.5 manual £4,800 (£5,364)

1995 Triumph Daytona Cosworth Super III £3,100 (£3,464.25)

1973 BMW 3.0CSL manual £10,500 (£11,733.75)

1973 Bentley T1 saloon £8,400 (£9,387)

2003 MG SV £17,000 (£18,997.50)

Batmobile (Lincoln based) £29,000 (£32,407.50)

1949 Triumph 2000 Roadster £10,000 (£11,175)

1979 MGB GT £3,500 (£3,911.25)

1989 Bentley Turbo R £11,200 (£12,516)

1997 Ferrari 355GTS £38,000 (£42,465)

1955 Ford Thunderbird £14,000 (£15,645)

1981 Ferrari 400i automatic £5,500 (£6,146.25)

1973 Ferrari 246GTS Dino £60,000 (£67,050)

1973 Jaguar E-Type SIII V12 Roadster manual £29,000 (£32,407.50)

1981 Aston Martin V8 Vantage manual £25,000 (£27,937.50)

1946 Chrysler New Yorker sedan £12,000 (£13,410)

1958 Jaguar XK150 3.4 roadster £62,000 (£69,285)

1954 Aston Martin DB 2/4 Mk 1 3.0 litre £80,000 (£89,400)

1935 Bentley 3.5 litre Freestone & Webb £74,700 (£83,477)

1999 Bentley Continental R Mulliner coupe £40,500 (£45,258.75)

1937 MGTA Special Roadster £28,000 (£31,290)

1960 Mercedes 190SL £60,000 (£67,050)

1989 Aston Martin V8 Zagato Volante £61,000 (£68,167.50)

1966 Jaguar 3.8 Mk II o/d, wires £9,200 (£10,281)

1931 Bentley 4.5 litre s/c VDP replica £600,000 (£670,500)

1939 Rolls Royce Wraith HJ Mulliner £30,000 (£33,525)

1964 MGB Ex-Works Comp Shop rally car £127,000 (£141,922)

1966 Aston Martin DB6 Mk 1 automatic £49,000 (£54,757.50)

1955 Aston Martin DB 2/4 Mk 1 3.0 litre DHC £145,000 (£170,375)

1973 Rolls Royce Silver Shadow S1 £6,800 (£7,599)

1951 Bentley Mk V1 Standard Steel £10,100 (£11,286.75)

1988 Ferrari 328GTS £22,500 (£25,143.75)

1986 Mercedes 230E 5.6 litre conversion £5,000 (£5,587.50)

 

Next Historics Sale at Brooklands on 25th September.

 

More at www.historics.co.uk

 

 

 

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