$3.7 Million Spent At Silverstone Auctions' Race Retro Sale

Feb 28, 2019 2 min read
$3.7 Million Spent At Silverstone Auctions' Race Retro Sale

A fantastic mix of iconic cars from Silverstone Auctions sold millions at Race Retro in February.

Silverstone Auctions sold off a total of £2.8 million ($3,724,650, €3,276,600) worth of vehicles (including premium) at Stoneleigh Park’s Race Retro show last weekend, with successful sales on 69% of lots.

The variety of machinery being put on the auction blocks included classic and competition cars, as well as motorcycles. There were plenty of noteworthy highlights.

A restored 1958 Porsche 356 A Speedster, the roofless version of Porsche’s first ever car, sold for £292,500 ($389,200, €342,350) to a telephone bidder. The car had started life as an export to New York, but was later was bought by a British-based collector who converted it to right-hand drive, making it an exceptionally rare model.

In the classics stakes it was rivalled by a 1972 Ferrari Dino 246GT Coupé at the sale, which sold for £270,000 ($360,000) to a bidder who was actually present at the sale. It too was a rare right-hand drive example, finished in Azzurro Dino blue this 52,000 mile car caught the attention of everyone in the room. Its Classiche ‘Certificato di Autenticita' authenticity certificates, which verifies its worth as a classic Ferrari, certainly contributed to its value.

Several decades younger, but almost as desirable, was a low mileage 2005 Ferrari F430 Coupé was bought for £115,875 ($154,000).

One of the surprises of the auction was a single owner 1979 Volkswagen Golf GTi Mk1 that disposed of its lower estimate with ease, and after a bidding war settled for a £27,225 ($36,000) selling price.

The collection of motorsport vehicles didn’t hit the same high prices, but there were still several lots of interest. A 1964 Elva-BMW Mk 7S (FIA) prototype sports car with race-winning history sold for £76,500 ($102,000), a left-hand drive 1964 Porsche 356C Road Rally with 25 years of competition for £69,750 ($93,000), and a 1964 Ford Falcon Sprint touring car prepared by Martin Stretton Racing went for £61,875 ($82,000).

A trio of Historic Formula 3 cars failed to sell, and have a combined ‘buy it now’ price of £119,600 ($159,000). If you’re thinking of starting a historic racing team, but missed Race Retro this year, this could be your chance.

To see the full results from the Race Retro Sale, and to look at the lots that are still available, visit the Silverstone Auctions website.

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