Auc­tion View

Classic Car Weekly (UK) - - This Week - by Richard Hud­son-Evans

A 1961 Jaguar E-type Se­ries I 3.8 road­ster sold for € 582,400 (£509,600 in­clud­ing RM Sotheby’s pre­mium) be­side Lake Como to estab­lish a new world-record auc­tion price for a non-com­pe­ti­tion-model E-type. Dur­ing the 1962 and 1963 sea­sons, the Por­tuguese owner drove his pro­duc­tion E to four vic­to­ries in Por­tu­gal and An­gola, beat­ing Fer­rari, Porsche and Maserati-equipped ri­vals.

More than half a mil­lion pounds for a re­stored road car? Phew! But look closer and you can be­gin to see why. Any­thing with pe­riod race his­tory and which has el­i­gi­bil­ity for all the high pro­file pre-’63 and pre-’66 His­toric GT events can ex­pect to fetch a pre­mium. This ex­am­ple also boasts match­ing num­bers and pre­served orig­i­nal fea­tures from its com­pe­ti­tion past.

‘Value en­hancers are pe­riod race his­tory and high­pro­file GT events el­i­gi­bil­ity’

Al­though 67% of Porsches driven past the RM Sotheby’s grand­stand sold dur­ing a £21.4m evening in Italy, 40% of Fer­raris were un­sold. By con­trast, the pre­vi­ous week­end in the Royal As­cot Race­course atrium, eight out of nine E-types were suc­cess­fully auc­tioned by His­torics, and Bon­hams sold five out of six E-types at its Spa Clas­sic sale. Only a few days ear­lier, three out of four E-types in the Brightwells cat­a­logue had sold at Leomin­ster and eight out of nine E-types dis­played in The Wing above the F1 pits were ham­mered away by Sil­ver­stone.

Apart from the Por­tugue­ser­aced ‘flat-floor’ record-breaker in Italy, only five of the E-types out-per­formed their pre-sale es­ti­mates, though. A 1965 SI 4.2 road­ster, for im­prove­ment as and when, sold for £12,500 above guide at £112,500, and a dry-barn­stored 1964 S1 3.8 FHC went for £14,625 more than its fore­cast £59,625, both at Sil­ver­stone. In th­ese last five mar­ket-test­ing sales there­fore, there were buy­ers for 25 (or 89%) of the 28 E-types auc­tioned, the high­est sale rate cur­rently achieved for any pop­u­larly con­sumed clas­sic.

Our man with his finger on the in­ter­na­tional auc­tions pulse

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