Silverstone Auctions staged its first “live online” collector car auction and reports a sell-through rate of 89 percent with £4.64 million (nearly $5.69 million) in overall sales.
Topping the auction were a 1962 Jaguar D-type short-nose re-creation that sold for £390,500 ($478,525) and a 1984 Peugeot 205 T16 Group B that brought £306,000 ($374,980; Silverstone reports hammer prices that do not include sales commission).
Nick Whale, Silverstone Auctions Managing Director commented: “We can’t quite believe it! For our first live online sale, the results have been truly outstanding.”
A 1961 Mk2 Jaguar 3.8 with manual transmission driven only 20,400 miles since new sold for £93,500 ($114,577), which was double its pre-auction estimated value.
Jay Kay, front man for the rock band Jamiroquai, consigned several cars to the auction, including a 1987 BMW M3 E30 Competition that sold for £92,950 ($115,128).
For more information, visit the Silverstone Auctions website.