Silverstone thrilled with its first ‘live online’ auction

British company posts 89 percent sell-through rate

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This Jaguar D-type short-nose re-creation tops all sellers at auction | Silverstone Auctions photos

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).

Peugeot Group B rally car sells for $374,890

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.

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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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