Ex-Elton John Ferrari Daytona tops Silverstone sale

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1972 Ferrari 365 GTB/4 Daytona formerly owned by Elton John | Silverstone Auctions photo
1972 Ferrari 365 GTB/4 Daytona formerly owned by Elton John | Silverstone Auctions photo

A 1972 Ferrari 365 GTB/4 Daytona formerly owned by Elton John sold for £551,250 ($728,422) at Silverstone Auctions’ three-day collector car sale held in conjunction with the Silverstone Classic Motor Racing Festival in England.

The $728,422 figure is close to the $700,000 average value for a ’72 Daytona, according to the Hagerty Price Guide; so much for the singer’s provenance.

Overall, the auction produced £5.5 million (more than $7.267 million) in sales with 71 percent of vehicles offered going to new owners. (Prices reported include buyer’s fees.)

Another highlight of the sale was a 1987 Ford Sierra Cosworth RS500 that drew gasps from the crowd when bidding topped the £100,000 ($132,140) plateau before selling for £114,750 ($151,630).

1973 BMW 3.0 CSL does exceptionally well on the block
1973 BMW 3.0 CSL does exceptionally well on the block

In another surprise, a 1973 BMW 3.0 CSL that had a pre-sale estimated value of £70,000 to £85,000 ($92,500 to $112,300) drew an opening bid of £95,000 ($125,300) before selling for £137,250 ($181,362).

“It was an incredibly successful weekend, and we’re thrilled with the results,” Nick Whale, managing director of Silverstone Auctions, said in a news release.

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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.

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