Classic Aston Martin Sells For Record £10 million

A rare classic 1961 Aston Martin “MP209” DB4GT Zagato Grand Touring Two-Seat Coupe driven by a famous racing driver has recently been sold by Bonhams for over £10 million. The sale price of £10, 081,500 was a record for a British car sold in Europe at an auction.

The coupe was driven by the legendary Jim Clark who was Formula 1 World Champion on more than one occasion. He raced the car at both the RAC Tourist Trophy at Goodwood and also at the Paris 1,000 Kilometres. Unfortunately, in the first mentioned race the vehicle crashed and in the second the car had a mechanical problem.

Apparently, there were only nineteen of the Aston Martin DB4GT Zagatos built so it is extremely rare but only three of them were of the “MP209” type. This is no doubt one of the reasons why it achieved a record sale price at the auction.

The car has been in the same family ownership for 47 years and has been looked after very well. It appeared in a number of other races until 1991. Since then it has attended a number of shows.

Such classic cars are no doubt very expensive to insure but presumably the new owner will want to protect his or her investment. There are many insurers who provide classic car insurance so it is important that one is chosen that will provide an excellent level of cover for an affordable premium. There are many ways that this type of insurance can be arranged such as by going online and using the services of one or more price comparison websites or picking up the phone to a broker who specialises in insuring classic cars. There are also various classic car clubs that have arrangements with insurers for their makes of car who you could get in touch with.

We have seen a fall in car insurance premiums in recent months. So, perhaps it may be possible to arrange cover on this classic 1961 Aston Martin “MP209” DB4GT Zagato car for less than may have needed to be paid say a year ago.

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Porsche 959 Paris-Dakar Being Auctioned

For those of you who are Porsche enthusiasts then you will be interested to read that a very rare Porsche 959 Paris-Dakar classic sports car is to be auctioned later this year and it is expected to command a very high price.

The auction by RM Sotheby’s is set to take place on the 27th October 2018 at the Porsche Experience Centre in Atlanta. It is expected that in the region of 70 highly collectable Porsche cars are to be available to buy.

The classic vehicle in question actually took part in the 1985 Paris-Dakar race but unfortunately, it did not win as it had to retire due to an oil line failure although the driver of the car who was called Rene Metge won that same race in 1981, 1984 and 1986. The race was over a distance of 14,000 kms. There were 552 cars taking part in the race but only 146 actually completed it.

It is interesting that there were only 6 of these cars manufactured. This is the first time that this make and model of car has been made available for sale at a public auction and has an estimated sale price of $3,000,000 to $3,400,000.

Also being auctioned at the above event is a Porsche 959 Prototype. This has an estimated sale price of $1,300,000 to $1,600,000.

It is great to hear about the above event although for those classic Porsche car enthusiasts here in the UK it is unfortunate that you would need to travel such a huge distance to attend the auction. However, if you really are keen then why not take a look on the website of RM Sotheby’s for more information. Who knows when such an opportunity may present itself again in the future to be able to purchase such a classic vehicle? If you are interested in buying such a vehicle then we wish you good fortune at the auction.

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Ferrari 250 GTO Bought For $70 Million

It probably does not come as a surprise to many owners of classic cars to hear that the world record has recently been broken by a considerable sum for a car following the private sale of a 1963 Ferrari 250 GTO to an American business man. The person involved is thought to have paid $70 million for this extremely rare vehicle. Converting that sum into pounds sterling means that in the region of £52 million has been spent.

Apparently, only 39 of these wonderful classic sports cars were built and this one has taken part in a number of races over a period of time.

The sale price achieved far exceeds the previous world record that was believed to be for around £40 million. One cannot help but wander how much the next Ferrari 250 GTO goes for when one eventually becomes available for sale. At what point are we going to see such a vehicle fetch $100 million?

It is no secret that the Ferrari 250 GTO is highly sought after and has been for many years. This make and model of car does not come on the market very often and when one does it no doubt attracts a great deal of attention and commands a premium price.

Ferrari has always been renowned for building fantastic sports and racing cars to this day and it will be interesting to see if one or two of the cars that are being built at the moment will eventually become desirable classic motor vehicles in 25 years time. It will not be a surprise if some particular Ferrari models are bought by collectors as investments. However, it should be borne in mind that just because classic Ferraris have proved to be a very good financial investment for some in the past does not mean to say that this will be the case in the future.

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Does Your Classic Car Need An MOT?

If you are the proud owner of a classic car then you are probably used to making sure it has its annual MOT check the cost of which, like most people, you could probably do without. Well, you may be interested and pleased to read that the regulations in this respect have recently been revised and it may mean that you no longer need to put your cherished vehicle through such a test.

If your classic or vintage car was built on or before the 31st December 2017 then you will not now be required to have an MOT carried out on it as long as there has been no “substantial changes” to the car during the last 30 years. Such changes would be when the engine, chassis, axles or body have been altered resulting in this affecting how the car works.

However you are still responsible for making sure that the car is roadworthy and if it is not then you could be faced with a fine of as much as £2,500 plus you could also receive 3 points on your driving license.

Presumably, one of the reasons why this decision has been made is that it is believed that the majority of classic car owners pride themselves in making sure that their vehicle is maintained to a very high standard. Therefore, it may be less likely to be involved in a road traffic accident due to some malfunction. Of course, it may be that a small number of classic car owners do not look after their vehicles but no doubt those people involved in making the decision about MOTs not being needed on most classic cars over 40 years of age have taken this into account as part of their decision making process. Do bear in mind that there have been no changes in respect of the need in the majority of cases to make sure that you have suitable classic car insurance in place.

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Stunning Classic Cars Due At The London Concours 2018 Event

If you are a classic car enthusiast then you may wish to get along to the London Concours event that is due to take place on the 7/8th June 2018 in the gardens of the Honourable Artillery Company. The show is putting on display in excess of 80 vehicles that are renowned for their speed. You are likely to see some delightful vehicles a number of them we list below but you can visit the website for details on many other vehicles.

When it comes to speed one of the manufacturers you tend to think of in this bracket are Ferraris. There are a number of classic Ferraris due to be on display including a Ferrari 250 GT SWB that is powered by a V12 engine ensuring rapid acceleration from 0 to 60mph. A Ferrari 365 GTB/4 Daytona looks the part and is capable of reaching a top speed of around 174 mph. How about a more recently built car – a Ferrari F50 powered by a 4.7 litre V12 engine capable of rocketing from 0 to 60 mph in under 4 seconds as it cruises to a top speed of 202 mph.

Going back in time you could cast your eyes over the “Beast of Turin” that is a Fiat S76 with a 28.5 litre engine producing 300 bhp that, in 1911, managed to get to a speed of 116 mph – an incredible achievement for a car built in the early 20th century.
This particular vehicle has spent 10 years being restored. You can also see the likes of a 1935 Lagonda M35R and a 1924 Bentley 4.5 litre.

If you have an interest in nippy classic cars or indeed some modern ones it sounds like it could be a very interesting show so why not think about getting along to it. You can find details of admission prices on the above website. Enjoy your visit to the above show.

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Lower Car Insurance Premiums For Some

Classic car enthusiasts may be interested to read that, according to the Car Insurance Price Index, the average cost of fully comprehensive car insurance for covering a standard type of car has fallen in the first quarter of 2018 in comparison to the same quarter of 2017.

On average, such premiums dropped by 2% with this equating, in monetary terms to a reduction of £13 per annum when comparing the two quarters. The average cost of such cover was £768.

One would hope that such a reduction is not just for insuring normal cars but that the cost of some classic car insurance policies would also come down so that classic car owners benefit in a financial way. For a long time, car insurance premiums have been gradually moving upwards so it is pleasing to see a reverse in this trend. Let us all hope that this continues to happen over the next few months and beyond.

The motorist needs some good news especially as fuel costs do not appear to be coming down. There is such a huge fluctuation in prices at the petrol pumps.

If you are the owner of a classic or vintage car then why not get in touch and let us help you arrange to receive one or more competitive quotes for classic car insurance from one or more insurers from an extensive panel of insurers. The classic car insurance market is so competitive that it may pay you to shop around by using the likes of a price comparison website.

When obtaining a quote it is important that you obtain the most suitable cover to meet your needs whether that is full classic car insurance or laid up cover. So, if you are intending to renovate your classic car in your garage and not take it out on the public road system, laid up cover may meet your requirements.

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Interesting Classic Car Sale

The H and H Pavilion Gardens Motor Car Auction took place on the 25th April 2018 at which there were some interesting sales. A number of the classic vehicles sold for reasonable prices.

For instance, a 1937 Austin 10/4 Cabriolet that had an estimated price of £3,000 to £4,000 was actually sold for much less than this achieving a sale price of £1,125. The car had done 86,486 miles. It had been owned by the same family since way back in 1970. Recommissioning work was required on the vehicle.

The Fiat 500 is certainly a popular vehicle these days. A 1969 Fiat 500 F that had an estimated price of £5,000 to £7,000 was sold for £6,975. It is in egg shell blue and has a red interior. It had done around 31,500 miles.

A 1965 Wolseley Hornet MK11 that had an estimated sale price of £3,000 to £4,000 was actually sold for £3,150. It had 24,635 miles on the clock and was owned by the same person from 1976 to 2015.

A 1979 Bedford HA 110 van that had an estimated price of £6,000 to £8,000 was actually sold for more than that – it achieved a sale price of £9,506. It is believed to have travelled a mere 4,800 miles since first taking to the roads. It has been subject to a significant restoration.

A Land Rover Series 11a dating back to 1962 had a n estimated sale price of £7,000 to £9,000 but was actually sold for £7,875.

What about a 1975 MG Midget 1275 that had an estimated sale price of £10,000 to £12,000. This delightful looking vehicle actually achieved a sale price of £10,406. It has been extensively restored and looks wonderful.

Details of other classic cars at the above auction can be found on the website of H and H. There are no doubt going to be a number of interesting auctions involving classic cars at some point in the remainder of 2018. If you are purchasing a vehicle then do make sure that the classic vehicle is suitably insured.

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Affordable Classic Car Auction Proves A Success

There are no doubt a lot of people who think that you need to be very wealthy to own a classic car but this is not the case. This is apparent following the recent auction of some classic cars here in the UK.

Brightwells Affordable Classics Car Auction took place on the 21st March 2018 and there were a number of classic vehicles that were sold for prices that many people could potentially afford without having to consider selling the family home to raise the cash.

Obviously, you get what you pay for so one would not expect to go along to such an auction and expect to pick up an immaculate 1960s Ferrari 250 GTO for a five figure sum.

You can see a full list of the classic cars sold at the above auction on the website but below we highlight just a few of the vehicles that were sold.

For instance, a 1952 Austin A40 Sports was sold for £14,000. It has a 1,200cc engine and its bodywork is in a blue-grey colour with a grey leather interior with red piping. It has been subject to restoration work in the past and has a number of receipts as well as a handbook and log book.

A 1961 Morris Minor Million achieved a sale price of £7,200. It is in need of being fully renovated but will no doubt present a wonderful project for someone who loves this make and model of classic car. Its bodywork was painted in lilac and it has white leather seats. Only 350 of these vehicles were built.

How about a 1972 Fiat 500L with white bodywork and a 499cc air-cooled engine that was sold for £5,200. This classic car is in need of a little restoration work and even comes with its original invoice. According to the mileometer, it has travelled a mere 21,257 miles over the years.

There were many other interesting classic cars sold at the auction so why not take a look on their website for more information.

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Car Once Owned By One Of The Beatles Fails To Sell At Auction

The Bonhams Goodwood Members Meeting auction took place on the 18th March 2018. At the auction there were many classic cars for sale with a number finding new homes.

However, perhaps rather unexpectedly, a classic vehicle that was originally owned by no less than Sir Paul McCartney who many of you will remember was a member of the Beatles pop group who had several number one hits failed to be sold at this very well known auction. The car in question was no less than a 1967 Lamborghini 400GT 2+2 Coupe.

This beautiful looking classic sports car had an estimated price of between £400,000 to £500,000. Presumably, this classic car attracted a premium because of the fact that Sir Paul McCartney had been the proud owner of the vehicle.

Apparently, only 247 of these delightful sports cars were built and a mere 4 of them were exported to the UK. Having had the vehicles brought to the UK they were then converted from left hand drive to right hand drive cars. The car was powered by a V12 engine and was no doubt a nippy vehicle. Its bodywork is painted in wine red and it has beige pigskin upholstery.

Interestingly, one of the subsequent owners who bought the classic sports car in 1979 sold it 10 years later in 1989 but ended up buying it back again in 1996. We wonder how often that has happened – probably not too many times.

It will be interesting if the classic car is going to be offered for sale at a future car auction. Will it have a similar estimated sale price or will the current owner decide to offer it for sale at a lower estimated price? Would it have sold at the above auction had Sir Paul McCartney still been the owner? We will endeavor to keep you updated about this car should it be offered for public sale again.

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“Garage Find” Classic Jaguar E-Type For Sale

There are not many occasions when a “garage find” classic car becomes available so, when one does, there is likely to be a significant amount of interest from potential buyers. Because of where and how they have been discovered it may even lead to the sale price being achieved at auction exceeding what the vehicle would normally be expected to be sold for.

Well, if you are a classic car enthusiast with a particular interest in the Jaguar E-Type, you may wish to get along to the H and H Classics supported Duxford Motor Car Auction that takes place at the Imperial War Museum on the 21st March 2018. This is because, amongst the many classic cars that are available to bid for, there is a 1965 Jaguar E-Type 4.2 Coupe available. It has an estimated sale price of between £50,000 to £60,000.

This particular classic sports car was the 19th of its type built. It is the Series1 E-Type Coupe. As you will see should you attend the auction it is in need of quite a bit of renovation work so may appeal to those classic car enthusiasts who enjoy a project and “getting their hands dirty”.

This classic vehicle has 60,410 miles on the clock and has green paintwork. In its heyday, it was a nippy car getting from 0 to 60mph in just over 7 seconds as it sped on its way to around 150mph.

So, if you like a challenge, why not get along to the auction where there are also a number of other Jaguar classic cars being offered for sale.

If you are in need of quality classic car insurance then why not get in touch with us and we will help arrange for you to receive a competitive quote for your impending purchase to provide you with complete peace of mind.

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