A musty “barn-find” 1963 Jaguar E-type coupe was the top seller at Classic Car Auctions’ sale last weekend at the Warwickshire Exhibition Centre in the U.K., garnering £66,000 ($97,000) including auction premium, more than doubling its pre-sale high estimate.
Bidders in the room battled 12 phone bidders, according to CCA, for the rights to the dirt-encrusted, partially dissembled XK-E that was recently pulled from storage after 20 years. The right-hand-drive coupe was described by the auction house as an “ideal candidate for restoration.”
CCA gained its highest overall sales total yet at £1.4million ($2.05 million at the current exchange rate) with an 80 percent sell-through rate for about 160 cars crossing the block.
“This was our biggest catalogue yet and our customers were clearly impressed by the great selection, variety and value of cars we had on offer,” CCA general manager Guy Lees-Milne said in a news release. “It was great to see so many people join us, the atmosphere was once again fantastic with some very special cars selling for some amazing prices.”
Another XK-E coupe restoration project, a less-desirable 1966 2+2 model, sold for £16,280 ($23,850).
Other highlights of the sale include a 2006 Porsche 911 (997) 3.6 Turbo, sold for £33,880 ($49,630); a 2007 Aston Martin V8 Vantage driven just 15,000 miles, sold for £39,600 ($58,000); a 1996 TVR Griffith 500 in need of some TLC, sold for £14,300 ($21,000), nearly three times its lower estimate; and a nicely preserved 1972 Volvo 1800 ES with just 32,000 miles sold for £24,420 ($35,800), more than double its lower estimate.
The CCA auction included many entry-level collector cars, such as a pair of ’80s hatchbacks that attracted loads of nostalgic attention: a 6,000-mile 1983 Ford Fiesta Popular Plus that sold for £7,700 ($11,280) and a 1988 MG Metro that sold for £6,600 ($9,670).
“I’m delighted that once again we have helped our vendors sell their ‘everyman’ cars for some great prices,” Lees-Milne said. “It’s always wonderful to welcome new buyers to our sales and hope to see many more at our next auction.”
Classic Car Auctions holds its next sale September 24 at the same location, Warwickshire Exhibition Centre near Leamington Spa.