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

Classic Car Weekly (UK) - - This Week - Tom Sey­mour ❚ www.clas­s­ic­ca­rauc­tions.co.uk

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.’

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.