1972 365 GTB4 sells for $725,328 at inaugural Sale of Ferraris in the UK
A 1972 Ferrari 365 GTB/4 Daytona topped Silverstone Auction’s inaugural Sale of Ferraris held his past Friday. The car sold for £540,000 ($725,328).
Overall, the sale did £5.3 million (more than $7,118,000) in sales with a 70 percent sell-through rate, Silverstone Auctions reported. The sale was held in conjunction with the Ferrari Club of Great Britain.
On Saturday, Silverstone staged another auction, its annual May Sale, with a 63 percent sell-through and again with total sales of £5.3 million (more than $7,118,000).
Among those Saturday sales, a 1973 Ford Escort Mk1 Mexico sold for a world auction record price of £50,625 ($68,000).
“With much of the nation’s focus on events at Windsor and Wembley, coupled with the fact that our Sale of Ferraris was our first ever, it was always going to be tough going,” Nick Whale, Silverstone Auctions managing director, was quoted in the company’s news release.
“However, to have achieved sales of over £1 million more than at our May Sale last year really is a great achievement and shows that demand for best-of-breed classics remains incredibly strong.”
Other highlights of the Ferrari sale, Silverstone reported, were a 2000 550 selling for £146,250 (nearly $196,500), a 1964 330 GT Series 1 also fetching £146,250 (nearly $196,500), and a 1978 512 BB bringing for more than £30,000 ($40,300) over its lower estimate for £140,625 ($188,888).
Other May Sale highlights included a 1985 Renault 5 Turbo 2 “Type 822“’ project selling for more than double its estimate at £55,125 ($74,000) and a 1966 Iso Griffo GL 350, formerly owned by motorcycle-racing legend Mike Hailwood, bringing £270,000 ($362,660), £50,000 ($67,000) more than its pre-sale estimate.1 comment