£38k 205 GTi sets new record
One of the most desirable Peugeot 205 GTis to cross an auction block has been sold for a world record price of £38,475.
It was hammered away during Silverstone Auctions’ Silverstone Classic sale on 29 July. The exceptional example is a 1.9 model, with the 130bhp engine and Speedline wheels. It also has just 5726 miles on the odometer.
It was registered by the Peugeot Talbot Motor Company in November 1988, explaining the car’s ‘OKV’ registration and then given away as a prize in a competition by clothing retailer Grattan. The competition winner couldn’t drive, and it was collected by her husband, who used it sparingly. After 20 years it was bought by an enthusiast.
The price of such an outstanding model shouldn’t be much of a surprise, according to CCW’s markets editor, Richard Barnett. He says: ‘Silverstone did well with a 1.6 earlier in the year and there have been plenty of other 205 GTis selling for strong money this year.
‘Will it have an effect on other 205s? Not really. It might have a slight pull-up on Rallye values, though. I’d be looking out for good performance 106s as a lower-cost alternative. Or a Visa Gi!’
The same auction saw a 1987 Ford Sierra Cosworth RS500 sell for a UK auction record price of £114,750, and a 1973 BMW 3.0CSL make £137,250, another UK auction record. silverstoneauctions.com
High price is unsurprising considering it has just 5726 miles on the clock and is in excellent condition.