Jaguar E-type makes £6m

Classic Car Weekly (UK) - - Buying & Selling -

In sell­ing for $7.37 mil­lion un­der the gavel dur­ing the Ari­zona sales (£6,002,681), Bon­hams’ 1963 Aus­tralian GT Cham­pi­onship-win­ning Jaguar E-type Fac­tory Light­ened Com­pe­ti­tion be­came both the most valu­able E-type and the most valu­able post-1960 Jaguar ever to sell at auc­tion. The Scotts­dale sale saw 85 of the 105 cars (and one scooter) of­fered chang­ing hands for £29.59m well be­fore win­ter sun­down.

Apart from the E-type price-buster, a 1952 Fer­rari 340 Amer­ica Vig­nale Spi­der Com­pe­tizione also sold at the Westin Kier­land Re­sort and Spa for $6.38m (£5.2m), a 1928 Mercedes-Benz Type S 26/120/189 Su­per­charged Sports-Tourer by Erd­mann & Rossi made $4.81m (£3.92m) and a 1931 Alfa Romeo 6C Su­per­charged Za­gato Spi­der sold for $2.81m (£2.28m). A 1955 Austin-Healey 100S fetched $539k (£439,002) and the 1984 Fer­rari 308 GTB QV driven by Tom Sel­leck in the Mag­num PI TV se­ries dur­ing the 1984/5 sea­son per­suaded a nos­tal­gic viewer to part with $181.5k (£147.8k). Com­pare that to the av­er­age in­vest­ment in the fu­tures of old cars bought in the Bon­hams Pav­il­ion this year – £348,073!

By the end of this ten-day auc­tion bo­nanza, the to­tal spend at the seven col­lec­tor au­to­mo­bile sales amounted to just un­der $260m (more than £210m), which was just over £6m (or 3 per cent) more than the Jan­uary 2016 sales to­tal. A to­tal of 1980 of the 2650 ve­hi­cles of­fered even­tu­ally had crossed the auc­tion block – that’s 75 per cent of the to­tal en­try hav­ing sold.

The big­gest gross­ing event was RM Sotheby’s bash in Phoenix, where a two-evening sale gen­er­ated $53.65m (£44.53m), 139 of the 156 cars con­signed lead­ing to an av­er­age spend of $385.971 (£312,640). Top seller was a one-off 1939 Mercedes 540K Spe­cial Road­ster, which sold for $6.6m (£5.35m).

‘The Fer­rari 308 GTS QV Tom Sel­leck drove in

Mag­num PI sold for £148k’

RICHARD HUD­SON-EVANS Mar­ket com­men­tary from our man in the thick of the sales

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