Family heirloom Jaguar E-type sparks bidding war at auction
‘Barn-find’ SIII makes £20k over estimate – but it might take ‘six figures’ to restore
A resto-find Jaguar E-type sparked a bidding war at auction, netting £20,000 over its upper estimate.
The UK-supplied 1972 Series III V12 Roadster went under the hammer at a recent Classic Car Auctions (CCA) sale for £61,050. It had been owned by the same family based in Carlisle for 40 years and was stored under plastic sheeting in a dry barn for the last two decades.
While it comes with all parts of the engine, bodywork, interior and original features intact, the CCA condition report shows the running gear, engine, transmission and exterior will need some mechanical and restoration attention.
A concours condition E-type SIII V12 can sell for about £70,000. One vehicle restoration specialist told CCW he would expect the new E-type’s owner would need to invest ‘as much as six figures’ if they wanted to restore the car to concours standard.
A spokesman for CCA says: ‘We didn’t think it would go quite as high as it did. Demand for original low ownership E-types at the moment sparked a bidding war. Buyers are prepared to pay top money for good project examples.’
The car was first bought by a chemist in 1976 before being passed on to his wife in 1982. It was then gifted to their son on his 30th birthday in February 2007.
The previous E-type owner, who didn’t want to be named says: ‘It will be sad to see the car go but now it can be brought back to life.’