Market high­light Si­mon Kid­ston ex­plains why a Jaguar E-type just sold for al­most £6m

Si­mon Kid­ston ex­plains why this strik­ing ex­am­ple is the world’s most ex­pen­sive E-type

Classic Cars (UK) - - Contents -

Po­ten­tial clients for Bon­hams’ Light­weight E-type faced an all-too-fa­mil­iar dilemma: how to value a highly orig­i­nal car, blessed with only mi­nor pe­riod his­tory, against a battle-scarred warhorse that has ex­pe­ri­enced count­less crashes, up­grades and en­gine swaps.

The E-type pre­sented in Scottsdale this Jan­uary was first or­dered by Aus­tralian tyre ty­coon Bob Jane. It ran in only mi­nor events Down Un­der and barely at all in Europe. Its 1963 Aus­tralian GT Cham­pi­onship suc­cess, boasted about in the cat­a­logue, was ac­tu­ally just a sin­gle ten-lap race held at Calder Park Race­way in Vic­to­ria.

The car has been rarely seen since it last changed hands – for $847,000 at Amelia Is­land, Florida in 1999. Com­pare that with the veter­ans that were raced mer­ci­lessly through­out the Six­ties, Seven­ties and right up to date at the Good­wood Re­vival. You some­times won­der which bits of them re­main that were ac­tu­ally made in Coven­try in the Six­ties...

Bon­hams’ car was au­then­tic but in the scheme of things a bit bor­ing, lack­ing the star­dust of a Sal­vadori, Hill or Ste­wart in its CV. The even­tual all-in price of $7.37m (£5.9m) was market-cor­rect and showed its ven­dor (who bought it pri­vately months ear­lier) a quick-flip profit, although this is per­haps half the price of an av­er­age As­ton Martin DB4 GT Za­gato, 19 of which were pro­duced ver­sus just a dozen gen­uine Light­weight E-types. How­ever, those mil­lions also made it the most ex­pen­sive ‘E’ ever sold at auc­tion, so that’s at least a step in the right di­rec­tion.

Fer­rari val­ues op­er­ate on a dif­fer­ent level. Wit­ness the $17.6m paid in Au­gust 2015 for the ex-ron Fry 250 LM. His racer had hardly trou­bled the scor­ers in the day, but as a re­sult it was a well-pre­served ex­am­ple of a model well-known for hair-rais­ing his­to­ries and mixed iden­ti­ties.

As ever, there’s one rule for Maranello and an­other for the rest.

Light­weight may not have a glit­ter­ing com­pe­ti­tion pedi­gree, but its orig­i­nal­ity is its $7m sell­ing point

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.