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