Silverstone Auctions CarFest sales generate £1.1million
Silverstone Auctions has completed its series of summer auctions with a flourish by raising £50,000 at CarFest South for BBC Children in Need, taking the total sum raised for the charity by Silverstone Auctions over the two CarFest classic car sales to an amazing total of more than £165,000.
The latest sale was once again an action-packed affair, where a 1970 Porsche 911 E coupé barn find which sold for more than four times its pre-sale estimate was just one of many highlights. The car which sold for £17,250 was one of 53 successfully hammered away, generating a premium inclusive total of £860,000 at an impressive sale rate of 70 percent, bringing total sales value over the two CarFest ‘Pride & Joy’ auctions to a fantastic £1.1million.
“We are absolutely thrilled and very proud of our achievements at both CarFest classic car auctions,” commented Nick Whale, managing director, Silverstone Auctions. “We worked extremely hard to develop an original and entertaining format while ensuring that the quality of cars on offer remained as high as ever. We’d like to thank everyone who came along and supported the sales and we wish those successful buyers many years of enjoyment and pleasure in their ‘new’ pride and joy.”
As expected, the auction included plenty of showbiz and razzmatazz to keep the crowd of thousands entertained. CarFest creator, DJ Chris Evans, took to the stage alongside legendary blues musician Seasick Steve to auction a number of lots such as hill rides in a number of amazing cars during the festival and a visit to the DJ’s BBC Radio 2 Breakfast Show.
Other on-stage appearances included the staff of CamperKing, who worked tirelessly to convert a VW Camper Van on-site during the show. The van, which was originally bought by Silverstone Auctions for £9,000, sold after the conversion for £23,575, contributing £13,000 towards the charity total.
Cars of particular note to sell during the auction included the ex-Dodi Fayed 1988 Ferrari Mondial 3.2 Cabriolet, which sold for £27,025, a 1987 Audi Quattro and a 1965 Jaguar E-Type Series I 4.2 fixed head coupé which both sold for more than £10,000 over their pre-sale estimates at £31,050 and £50,600 respectively. Meanwhile the car to make the most on the day was a stunning 1952 Bentley Mk VI Special by Charles Teall which also sold above its pre-sale estimate, fetching £52,900.
“To have completed three amazing classic car sales in the last month is no mean feat,” added Nick. “As well as raising a serious amount of money for charity, we’ve once-again demonstrated our ability to help vendors make the maximum return on their classic cars. And with just one more sale this year at the NEC Classic in November, we’re now inviting entries so if you are thinking of selling a classic car, then I’d encourage you to get in touch with our expert team who will be able to provide you the very best advice and service.”
Silverstone Auctions final sale of 2013, the NEC Classic Car Sale takes place on Saturday 16th November. Anyone wishing to enter their vehicle into the sale should contact Silverstone Auctions on 01926 691141 or visit www.silverstoneauctions.com.
Formed in 2011 as a joint venture between Nick Whale and Silverstone Circuits - Silverstone Auctions is a world-class, specialist auction house for classic cars, modern supercars, all types of competition cars, modern and historic motorcycles and automotive memorabilia.
The company holds the exclusive automotive auction rights for Silverstone circuit.
Auctions take place nationally as well as at least twice a year, in The Wing, Silverstone circuit’s new £27 million building, which has space to display up to 100 auction vehicles and includes seating accommodation for up to 400 attendees.
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