Silverstone does $7.8 million at vintage racing festival auction

Silverstone does $7.8 million at vintage racing festival auction

1958 Mercedes-Benz 300 SL goes for nearly $1.13 million

Silverstone Auctions’ eighth annual sale at the Silverstone Classic vintage racing festival was the largest yet, generating £6 million (nearly $7.86 million) with a 66 percent sell-through rate, the auction company announced.

The catalog included more than 120 collector vehicles.

Bidders, cars and spectators share space at Silverstone Auctions’ action during vintage racing weekend in England

The top sale of the auction was a 1958 Mercedes-Benz 300 SL roadster that sold for £860,625 (nearly $1.13 million). The car had a pre-auction estimated value of £700,000 to £800,000 ($916,000 to $1.04 million). Prices reported include buyer’s fee.

According to Silverstone Auctions, “One of the most anticipated lots of the sale, a 1975 Range Rover with royal provenance, was offered fresh from an exacting restoration and described as the finest Range Rover ever to pass through the auction house.”

The car sold for £101,250 ($132,584), considerably more than its pre-sale expectations.

A 1972 Ferrari Dino 246 GTS with right-hand drive sold for £343,125 ($449,310), considerably more than its pre-bidding estimated value.

1975 Range Rover with royal heritage goes for $132K

“The modern-classics lineup was headlined by a rare 1992 Mercedes-Benz 190 E 2.5-16 Evolution II with just 34,000 recorded miles,” said Silverstone, noting “one of the most dramatic sales of the day, a passionate bidding war was eventually concluded with a winning bid (including commission) of £158,750 ($207,877).”

In a special sales session to benefit the British Racing Drivers’ Club Motor Sport Charity, Silverstone Auctions realized more than £27,000 ($35,000) through the sale of 62 lots including a replica Ayrton Senna helmet, signed racing overalls and a limited-edition Silverstone Luffield chronograph.

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