Record-setting 1958 Lotus Elite paces Silverstone sale

0
631
Restored 1958 Lotus Elite Series I going from auction block to British TV show | Silverstone Auctions photos
Restored 1958 Lotus Elite Series I going from auction block to British TV show | Silverstone Auctions photos
Restored 1958 Lotus Elite Series I going from auction block to British TV show | Silverstone Auctions photos

Silverstone Auctions’ recent two-day sale at the Classic Motor Show in Birmingham, England, posted an 80 percent sell-through rate and total sales of £5.8million ($7.2 million).

The star lot was a 1958 Lotus Elite Series I, which sold for a record price — £121,500 (nearly $152,000) — which was well beyond its pre-sale estimated value. The car will be featured on the British television program For the Love of Cars and had been restored by Ant Anstead, who was joined on the stage for the bidding by the Channel 4 television crew.

Anstead also restored a 1969 Aston Martin DBS 6 Vantage Spec that brought £174,375 (nearly $217,000) from a collector in Austria.

1989 Porsche 930 Turbo 'flatnose' sells for $252,000
1989 Porsche 930 Turbo ‘flatnose’ sells for $252,000

In its post-sale news release, Silverstone also pointed to prices paid for Porsches, including $381,000 for a 1957 356A T1 Speedster, $262,000 for a 1989 911 (930) Turbo Flachbau, and nearly $252,000 for a 1985 911 (930) Turbo SE “flatnose.”

Seven Jaguar E-types were on the docket and each of them topped its pre-sale estimated value in bidding, including a 1962 3.8 roadster being offered by its owner of 43 years and selling for $212,000.

“What a sale!” Nick Whale, Silverstone managing director, exclaimed in a news release. “One of our best ever and the most successful we’ve had at the Classic Motor Show since we first hosted the auction back in 2012.

RELATED:  Auburn Speedster strikes again as Worldwide reports top auction sales

“I’m delighted that we’ve achieved such strong prices for our vendors and it’s a delight to see buyers going home so pleased with their new purchases.”

1962 Jaguar E-type roadster brings $212,000 after four decades with same owner
1962 Jaguar E-type roadster brings $212,000 after four decades with same owner

Silverstone’s first sale in 2017 is scheduled for February 24-26 as part of the Race Retro event at Stoneleigh Park, Warwickshire.

Advertisement
A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.