Alvis TE21 smashes auction estimate
A 1964 Alvis TE21 Drophead Coupé by Park Ward has doubled its lower estimate, selling for £156,800.
It sold at Historics’ first sale at Ascot Racecourse on 20 May (don’t miss our full auction report on p35).
Historics’ auction negotiator, John Williams, says: ‘ The TE21 Drophead is an immensely elegant and fashionable motor car, and this particular example ticks all the boxes in terms of authenticity and superb quality after the most minute attention to detail during its outstanding restoration. Interest in the car prior to the auction was exceptional, and we spent a great deal of time with potential bidders, which undoubtedly led to competitive bidding and to it soaring to twice its estimate.’ The car’s immaculate condition is attributed to having all the coachwork, mechanicals, and trim items being repaired or replaced. In contrast in terms of sale price, a 1946 Daimler DB 18, the official car of King George VI for his royal tour of South Africa, and which was put in storage for the past eight years and requires recommissioning, was offered at no reserve and sold for £784. Historics’ sale grossed over £3.6million from the 125 lots that changed hands, scoring a 73% sale rate. It attracted record attendance figures of over 500 bidders on preview days, with 1100 entering for the auction.
1964 Alvis TE21 drophead coupé by Park Ward had a lower estimate of £75,000.