Jaguar E-type S1 coupé

This E-type coupé topped half a mil­lion at auc­tion. Here’s why

Classic Cars (UK) - - Contents -

Ham­pered by weight of num­bers, Jaguar E-types have al­ways looked like a poor re­la­tion along­side As­tons and Fer­raris, de­spite their un­doubted beauty and iconic sta­tus. Then RM Sotheby’s sold this 1961 fixed-head in Mon­terey for £560,310. Ex­act­ingly restored by a mar­que ex­pert us­ing orig­i­nal sheet metal and the­o­ret­i­cally un­ob­tain­able new-old-stock parts, it has been de­scribed as the Holy Grail of E-types. But does its sta­tus as one of just 24 coupés with ex­ter­nal bon­net catches re­ally make that much dif­fer­ence? We asked Henry Pear­man of Ea­gle E-types to put this car’s sale into per­spec­tive.

‘I was ac­tu­ally sit­ting be­hind the suc­cess­ful buyer of this car in Mon­terey, who is a very well re­spected and as­tute col­lec­tor who faced strong com­pe­ti­tion with the bid­ding in the room.

‘Based on the fact that we spend more than 4500 hours in restor­ing an E-type coupé, with the ad­di­tional fact that any re­ally early – say 1961-built – E-type coupé re­quir­ing restora­tion is likely to com­mand in ex­cess of £85,000 as a start­ing price, I don’t think this car was over­priced when look­ing for the best. Al­though there is al­ways a large choice of restored E-types on the mar­ket, there are very few in­deed that have been done to a per­fect level and there­fore th­ese other ex­am­ples would ar­guably need to be

‘Al­though there is al­ways a large choice of restored E-types on the mar­ket, very few have been done to such a per­fect level’

restored again, if be­ing bru­tally hon­est. It is also rel­e­vant and be­com­ing more widely recog­nised that a gen­uinely well-restored E-type is still head and shoul­ders above even the best of the con­tem­po­rary com­pe­ti­tion as a driv­ing ex­pe­ri­ence.’

In ad­di­tion, and per­haps most im­por­tantly, this is some­thing extremely rare as an out­side-bon­net-lock car, of which just a hand­ful were built. ‘A fur­ther fact is that the E-type was not caught up in the re­cent hyped val­ues of some Fer­raris and As­tons, which have since re­ceived a circa 15% price correction to bring them back in line to a more real­is­tic value, so there is more com­fort when search­ing out the very best E-types.’

It might seem dras­ti­cally over­priced on face value, but this E-type had all the in­gre­di­ents to jus­tify the £560k price to at least two bid­ders in the sale­room

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.