Modern classics top sellers at Silverstone auction

Modern classics top sellers at Silverstone auction

Late-model sports cars led the bidding at Silverstone Auction’s sale Saturday at the Practical Classics Restoration & Classic Car Show in Birmingham, UK.

A rare 2010 Porsche 911 GT2 RS was Silverstone's top seller at $350,000 | Silverstone Auctions photos

A rare 2010 Porsche 911 GT2 RS was Silverstone’s highest sale at $350,000 | Silverstone Auctions photos

Late-model sports cars led the bidding at Silverstone Auction’s sale Saturday at the Practical Classics Restoration & Classic Car Show in Birmingham, UK, where the auction achieved a sales rate of 84 percent and a total of around £2 million, or nearly $3 million at today’s exchange rate.

The auction featured 183 lots ranging from restored and preserved road-ready cars to bits and pieces, such as classic-Bugatti engine parts, several Austin-Healey and MG bodies, and a number of Rolls-Royce chassis. Restoration-ready project cars were among the featured lots during this event, hosted by Practical Classics magazine, which emphasizes successful rebuilds of ratty derelicts into presentable collector cars.

The top seller was a 2010 Porsche 911 GT2 RS, one of just 500 made, that was sold to a U.S. buyer for £236,250 ($350,000). All sales include buyer’s fees.

A worthy 1960 Austin Healey 3000 restoration project

A worthy 1960 Austin Healey 3000 restoration project

Next up was a 2001 BMW Z8, the Munich brand’s desirable V8-powered sports car, which sold for £123,750 ($183,000). That was followed by a 1980 Aston Martin V8, £87,750 ($130,000); a 1988 Ferrari Testarossa, $86,625 ($128,000); and a 2003 Porsche 911 GT2, also sold for £86,625.

American cars sold at auction included a 1965 Ford Mustang fastback with a pro-built 289 and five-speed, sold for £28,125 ($41,600), and the remains of an Army Jeep, a restoration candidate sold for just £450 ($666).

Among the most interesting restoration projects sold by Silverstone were a 1960 Austin Healey 3000 BT7 with one owner since 1966, sold for £19,125 ($28,300), an original 1972 Rolls-Royce Corniche fixed head coupe by Mulliner Park Ward, sold for £23,625 ($35,000), and a 1969 Porsche 912 coupe for £9,225 ($13,650).

“It was a delight to return to the Practical Classics Restoration Show this weekend and host our second auction at the event,” Nick Whale, managing director of Silverstone Auctions, said in a news release. “This year’s sale offered a fantastic selection of cars for buyers looking for a ‘turn key’ car as well as a project, and clearly the catalogue appealed.”

Top 10 cars sold at the Silverstone Auction were:

  • 2010 Porsche 911 GT2 RS, £236,250 ($350,000)
  • 2001 BMW Z8, £123,750 ($183,000)
  • 1980 Aston Martin V8, £87,750 ($130,000)
  • 1988 Ferrari Testarossa, $86,625 ($128,000)
  • 2003 Porsche 911 GT2, £86,625 ($128,000)
  • 1971 Aston Martin DBS V8, £79,875 ($118,000)
  • 1998 Ferrari F355 Spider, £72,000 ($106,500)
  • 1989 Porsche 911 Turbo Targa, £72,000 ($106,500)
  • 1994 Ferrari 348 Spider, £65,250 ($97,000)
  • 1998 Ferrari F355 Spider, £64,688 ($95,700)

All sales include auction fees.

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