Race Retro Classic Car Sale Approaching

Those of you with a keen interest in classic cars may like to get along to Silverstone Auction’s The Race Retro Classic Car Sale that takes place from the 23rd to 25th February 2018. It promises to be a weekend to remember with some delightful classic vehicles coming up for sale that will no doubt appeal to a wide cross section of enthusiasts.

How about a 1983 Lamborghini Jalpa that is powered by an 8 cylinder 3,500 cc engine producing an impressive 255bhp and capable of reaching a top speed of 155mph. It is worth noting that only 419 of these vehicles were built with only 34 being right hand drive. This particular car is believed to be the first right hand drive produced for a UK purchaser. The car has had a number of owners latterly being in the possession of an enthusiast who had the vehicle restored. It has a mileage of 53,437 that is low for its age. It has an estimated sale price of between £65,000 to £75,000.

If you are an Alfa Romeo enthusiast then you may wish to cast your eyes over a left hand drive 1968 Alfa Romeo Duetto Spider that has a 4 cylinder 1,600 cc engine. The classic sports car has undergone a comprehensive restoration including having the engine rebuilt. In fact, there are invoices for in excess of £50,000 for works carried out. It has an estimated sale price of £30,000 to £35,000. Whoever ends up buying it will be sure to catch the attention of many a passer-by.

Porsche lovers will no doubt want to take a look at a right hand drive 1986 Porsche 911 Carrera Supersport Targa that has a 6 cylinder 3,164cc engine. It is believed that not many of these classic sports cars were built. The vehicle has 91,000 miles on the clock and there are invoices showing that over £35,000 has been spent on the car for such things as MOTs and servicing. Its bodywork is in Iris Blue. It has an estimated sale price of between £47,000 to £52,000.

Ford enthusiasts may wish to look at a right hand drive 1986 Ford Sierra RS Cosworth with a 4 cylinder 1,993cc engine. There are only 56,000 miles on the clock so it is very low mileage. The car has only been in the possession of 3 people and has been very well maintained. Its bodywork is in Moonstone Blue. It has an estimated sale price of between £32,000 to £36,000.

There will be a number of other classic cars for sale at the above auction so why not get along and take a look.

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Mercedes-Benz Built For Hitler To Be Auctioned

It is probably quite rare that a classic car of such historical importance becomes available for sale at a public auction. Well, that is just what is going to happen at the Scottsdale Auction of Worldwide Auctioneers Vintage Motor Car Specialists on the 17th January 2018 when a car built for Adolf Hitler is to be auctioned.

The vehicle in question is a 1939 Mercedes-Benz 770K Grosser Offener Tiurenwagen that was ordered by Adolf Hitler, the Fuhrer of the Third Reich in Germany and which he subsequently utilized on more than one occasion. It has a 7.7 litre supercharged engine no doubt providing a great deal of power that could have got Hitler out of a tricky situation if called upon to do so as it was capable of reaching a top speed of in excess of 100mph.

Bearing in mind who this car was being built for and despite being a soft top it probably does not come as a surprise to our readers to hear that it has armour plated side panels and underfloor as well as a 30mm bullet resistant windscreen.

The classic, historic car was used at a number of parades such as during the state visit of Mussolini the Italian dictator and in the victory parades when Germany defeated France, Yugoslavia and Greece.

In 1946, by which time the Second World War had ended with Hitler being defeated, it is believed the classic vehicle ended up in the USA. In the 1970s the car was restored. The car had several owners. It has been put on display at a number of museums.

Apparently, 10% of the sale proceeds of this classic car are to be donated with a view to helping to educate people about how and why the Holocaust actually took place as well as helping to avoid such an event happening again at some point in the future. It is interesting that no estimated price is quoted on the auctioneer’s website with an estimate only being made available upon request. It would be interesting to find out how much it would cost to arrange classic car insurance on such an important vehicle.

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Aston Martin Once Owned By Sir Paul McCartney Sold

Many of you will be aware that Sir Paul McCartney was a member of the world famous pop group called The Beatles who originated from Liverpool. They had a number of top selling records. Sir Paul obviously had an excellent taste for quality cars as he was the original owner of a 1964 Aston Martin DB5 4.2-Litre Sports Saloon.

He paid just short of £4,600 for the beautiful vehicle including purchase tax and drove the car for about six years before he sold it. The car had just over 40,000 miles on the clock around that time so it certainly appears the musician got his money’s worth out of owning it.

Over the years, it changed hands on a few occasions and was at one point owned by the radio broadcaster Chris Evans who also has a liking for classic Ferraris. In 2012 the classic Aston Martin was bought by someone at auction who had it restored to concours standard. During this restoration work the capacity of the engine was increased to the figure quoted above with this improving the brake horsepower to 315. The interior was fitted out in Mulberry leather and the bodywork was painted in Silver Birch.

The car featured in The Bond Street Sale of Bonhams on the 2nd December of this year when this wonderful classic car sold for £1,345,500 including premium- considerably more than what Sir Paul originally paid for it.

Whilst writing, you may also be interested to note that, at the same auction, a 1966 Austin Mini Cooper “S” Sports Saloon Radford Conversion was sold. It was once owned by another member of The Beatles – Ringo Starr. He had it adapted to enable his drum kit to be transported in the classic car and had it in his possession from June 1967 to December 1968. The car has featured in the well-known car series called Top Gear and it has been in the same family ownership for 40 years. The classic car was sold at Bonhams auction for £102,300 including premium.

It is to be hoped that these cars are covered by suitable classic car insurance in case something untoward happens to one or both of them. No doubt the new owners will enjoy driving them for many years to come.

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Ford Escort Sells For Almost £100,000

Many years ago, I knew someone who used to own a T registration Ford Escort Popular Plus with a 1300cc engine and a dark brown vinyl roof. It was a lovely, reliable family car. Oh, I bet he wished that he had held onto it as, who knows, it may now be worth a considerable sum based upon what I am now going to write about below.

If you happened to attend the recent Silverstone Auctions NEC Classic Motor Show Sale 2017 you could have witnessed the sale of a 1980 Ford Escort Mk2 RS2000 Custom classic car that went for a huge sum of money. The vehicle in question was sold for £97,875 with many people interested in purchasing the classic car.

This particular vehicle only has 927 miles on the clock and is in pristine condition with a chocolate brown interior and Diamond White bodywork. It has spent some time in an air chamber that obviously helped maintain its condition. It is a nippy car capable of getting from 0 to 60mph in only 8.5 seconds as it accelerates to a top speed of 108mph. The car is immaculate inside with “Fishnet” Recaro seats and the door mirror on the driver’s side is of the remote variety. It still retains its new car smell.

Whilst writing, I thought you might also like to hear about a rare 1988 Ford Sierra Cosworth RS500 that also came up for sale at the above auction and achieved a price of £112,500. Only 500 of these cars were built with this one in white. It had a 224bhp engine fitted making it very fast. It has only done just over 6,000 miles and is in wonderful condition.

As if the above is not enough, a 1996 Ford Escort Cosworth Lux was sold at the same auction for an incredible £91,125. It too has that new car smell inside with its black leather seating and Diamond White bodywork. This classic car has only 837 miles on the clock.

If you would like to read about more of the classic cars that were sold at the above auction as well as those that were not sold why not visit the website of Silverstone Auctions. As you will discover, there were many makes and models of vehicles available to buy in addition to Ford cars such as Lotus, Porsche, Jaguar, Ferrari, Triumph and Morgan.

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Ferrari Driven By Schumacher Achieves Record Sale Price

Michael Schumacher is believed to be one of the greatest racing drivers of all time having won many Formula 1 World Championships. He was renowned for his skill at the wheel of such powerful vehicles.

He was perhaps best known for his many successes driving for Ferrari. He could be seen driving at breath taking around the racing tracks located at venues around the world such at Silverstone here in the UK or at the unique street racing track in Monaco.

Well, all you Ferrari and/or Michael Schumacher enthusiasts will no doubt be interested to read that at Sothebys Contemporary Art Evening Auction that took place on the 16th November 2017 in New York a classic 2001 Ferrari F2001 driven by the above racing driver was sold for a record $7,504,000 well in excess of its estimated price of $4,000,000 to $4,500,000.

This particular racing car was driven to victory at the Monaco Grand Prix in 2001 by Michael Schumacher. This race is possibly the one most Formula 1 racing drivers would say is the one that they would most love to drive to victory at. With so few opportunities to overtake on this street circuit you certainly need to be rather brave behind the wheel of an extremely powerful racing car.

Presumably, one of the reasons why the car achieved such a price at the auction was because Michael Schumacher had sat behind the wheel of the vehicle and had some success in it. Another reason is no doubt because it is manufactured by Ferrari whose name within the racing world is reputedly second to none.

The new owner is no doubt extremely proud at having been successful at auction in pursuit of this fantastic looking classic racing car. Its sleek design as well as the racing ability of Michael Schumacher no doubt helped in its success at Monaco. We hope that the new owner enjoys his or her purchase and gets the opportunity to drive it at one of the many Formula 1 circuits around the world.

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Interesting Classic Cars to Come Under The Hammer

Bonhams is to preside over the sale of a number of interesting classic cars at The Bothwell Collection auction that is to take place on the 11th November 2017 in Los Angeles. Below we mention a number of the classic motors that are to come up for sale but more information can be found on the Bonhams website.

A 1914 Peugeot L45 Grand Prix Two Seater may realize in the region of £2,300,000 to £3,800,000. It has a 112bhp 4,491 cc engine. It has been well maintained. It is painted in a delightful blue and has red leather seating.

A Benz 75/105HP Prinz-Heinrich Racebout manufactured in circa 1908 is hoped to be sold for between £760,000 and £1,100,000. This 7,272cc sports car has been beautifully restored.

How about a 1912 Rolls-Royce 40/50HP Open Drive Landaulette that could end up being sold for between £340,000 to £460,000. This vehicle has a 6 cylinder 7,428cc engine. The bodywork is painted in a gorgeous blue and the vehicle is still used to this day.

If you would like to be the proud owner of the only two-cylinder Packard then how about a 1902 Packard Model G Four-Passenger Surrey. It is estimated that this classic vehicle could fetch between £190,000 to £270,000. Although the car had been damaged in a fire it was carefully restored.

The above classic motors are part of an extensive collection of vehicles that are to be offered for sale at the above auction. Many of the vehicles have more modest estimated prices so why not take a closer look on Bonhams website before deciding if it is worth making the long trip from the UK to the USA to attend the auction. Do bear in mind that if you decide to purchase one that you will also be responsible for the shipping costs. You will no doubt wish to make sure that you have suitable classic car insurance in place.

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Classic Car Values Fall

People buy a classic car for a variety of reasons with one of those being as an investment that they hope to sell for a profit in a few years time. Of course, there is a risk attached if you are buying a classic car in the hope that it will appreciate in value over a number of years.

For many years, several classic cars have, on average, increased in value by a considerable percentage. In fact, according to the Coutts Index 2017 that was published on the 8th September of this year, classic cars have risen in value when compared with the likes of fine art, fine wine and luxury properties by the highest percentage since way back in 2005. In fact, the value of such vehicles has grown by four times since that year.

However, according to the Coutts Index 2017, the average value of classic cars fell by 10.4% in 2016. A drop in values was also seen in 2015. This figure will disappoint many who bought a classic car last year but let us hope that this fall will be reversed in the not too distant future.

Of course, whilst many of those classic car enthusiasts who invested their hard earned money in a classic vehicle in 2016 will be upset it does present an opportunity for other people interested in buying a classic car as he or she may be able to purchase a vehicle that they have had their eye on for less than the asking price if they are prepared to enter into some hard negotiations.

If you are considering buying a classic car then you may wish to take someone along who has many years experience in investing in such vehicles as well as someone who has classic car mechanical expertise to look at the vehicle and do some research into the particular car before committing to its purchase.

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Why Do Enthusiasts Restore Classic Cars?

There are a considerable number of classic car enthusiasts who will purchase such a vehicle that is already in immaculate condition both mechanically, the bodywork and interior. This means that he or she can merely make sure that there is fuel in the tank and then get in the car and take it for a drive on a lovely spring, summer, autumn or winter morning or afternoon.

However, there are also quite a lot of people who prefer to buy a classic car that is in need of restoration. Some of those purchasers will get a specialist classic car business to restore the vehicle ensuring that an incredible job is completed. There will also be quite a few people who, having bought such a vehicle, prefer to carry out the restoration work themselves.

So, why would someone prefer to do all the work himself or herself? Well, one of the reasons is cost. For instance, if they had bought a classic car that has already been fully restored they would expect to pay more for the vehicle than if they bought it in an unrestored state. One would have thought that as they are going to carry out all the restoration work themselves that the overall outlay i.e. the purchase price of the vehicle and the cost of buying the parts etc would come to less than if they bought a full restored vehicle as there would be no labour costs.

Another popular reason why a classic car enthusiast would want to buy such a car that is in need of restoration is that he or she actually enjoys undertaking such a project and will gladly devote many, many hours to carry out the restoration project.

If you are considering buying a classic car to restore it and it is to be kept off the road and has been declared SORN whilst the works are being completed then at very least you should consider Laid Up Classic Car Insurance.

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40 Year Old Classic Cars To Be Exempt From MOTs

Owners of classic cars will be interested to read that it has ben announced by the Government that from the 20th May of 2018 classic cars that are more than 40 years of age will no longer require an MOT. At the present time, it is cars built prior to 1960 that are not required to have an MOT.

This announcement will no doubt receive a mixed response from people. Presumably, it is felt that classic car owners take particular good care of their vehicles from both a bodywork and mechanical point of view and, therefore, a more relaxed approach can be provided in respect of such cars in excess of 40 years of age. Another reason may be that many of these vehicles do not travel as many miles a year as modern cars often being taken out just on a sunny weekend. However, there will no doubt be some people who have a different opinion perhaps feeling that such cars should still require having an MOT carried out once a year.

It is interesting to hear that around 197,000 vehicles do not require an MOT and this is forecast to rise to around 490,000 in May of next year. Therefore there will no doubt be many MOT testing businesses that will be unhappy at this decision as it will mean less work and revenue for them.

There is nothing to stop a classic car enthusiast still taking their cherished vehicle that was built over 40 years ago along for an MOT if it provides them with extra peace of mind. It may also help in achieving a sale should he or she decides to sell the vehicle.

Of course, whilst there is to be a relaxation in MOT testing requirements as detailed above, there is no change to classic car insurance requirements so do make sure that you have adequate cover in place. In that respect, if you do require a competitive quotation, why not get in touch with us to obtain a no-obligation quote.

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Classic Cars Find New Homes At The Salon Prive Sale 2017

Those of you who are classic car enthusiasts will be pleased to hear that there were some interesting vintage vehicles sold at the Salon Prive Sale this year. Below we mention some of them but you may wish to look at the Silverstone Auctions website for the full collection of cars that were offered for sale.

The Triumph TR6 is a delightful classic sports car

The Triumph TR6 was a nippy sports car

A Triumph TR6 built in 1972 was sold for £24,750. It has a 6 cylinder 2,498cc engine making it an extremely nippy two seater open top sports car. This particular vehicle has been beautifully restored and looks the part in red.

A stunning Porsche 356 b 1600 S Coupe that was manufactured way back in 1962 sold for £118,125. This vehicle was completely restored a couple of years ago with silver bodywork.

How about a 1968 Ferrari 365 GT 2+2 with a 4,400 cc v12 engine with 320bhp that was capable of accelerating from 0 to 60mph in a mere 7 seconds as it powered to a top speed of 150mph. It has travelled less than 48,000 miles. This spectacular looking red classic sports car achieved a sale price of £196,875.

Someone was lucky enough to be able to purchase a fully restored Austin Healey 3000 MK11 that was built way back in 1962. The bodywork is finished in Healey Ice Blue and it has blue leather seating. Its 6 cylinder 2,912 cc engine was capable of reaching a top speed of 120mph making it a rather nippy classic vehicle.

A 1947 Jaguar Mk IV 1.5 SE achieved a sale price of £42,750. Both the bodywork and interior are in suede green. The vehicle has been restored to an extremely high standard.

A delightful looking MGA 1600 Mk1 “Deluxe” Roadster that was built way back in 1960 achieved a sale price of £47,813. Only 70 of these cars were produced. This particular model was painted in Iris Blue. It was restored to a very high standard.

It is to be hoped that suitable classic car insurance has been arranged to cover all the above vehicles in case something untoward happens as the cost of replacing or repairing such cars would no doubt be costly. If you are looking for a quote for this specialist type of cover then why not get in touch with a member of our knowledgeable staff today to discuss your requirements.

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