Market: Italian exotica and fast Fords star at Silverstone
Hailwood Iso Grifo takes pole at Silverstone May Sale, where RS500 Number One fails to finish, but Escort Mexico sets new record during £4.76m weekend
The headliner at Silverstone Auctions May Sale was one of two Iso Grifo Coupés that were originally employed for rapid commuting between paddocks by ‘Mike the Bike’ Hailwood. The early Series 1 auctioned – a 1966 GL 350 in Bianco Polo Park with Chevrolet 5.3 V8 ‘small block’ 327, one of just 26 in RHD – was knocked down to a telephone contestant for a mid-estimate £240,000, costing £270,000 with premium.
Another buyer in the room had to bid a more-than-top-estimate £45,000 to clinch a 1973 Ford Escort Mk1 Mexico that had been fully restored at a cost of over £30,000. The £50,625 with premium paid was reckoned to have been a new world record auction price for a standard production Mexico.
Not all ‘Fast Fords’ flew this time, though. For the 1987 Sierra RS500 Cosworth ‘Chassis Number One’, surely the definitive one to have, failed to clear the £90k+ bar suggested. Its re-shelling by Ford may have deterred some players from joining the bidding party. It was left therefore to another RS500 of identical vintage, number 451 of 500 with 12,000 verifiable mileage, to muster a buying bid of £100k and sell for £112,500 with premium.
A 1996 Ford Escort RS Cosworth – the ‘Lux’ version with Recaros and heated screen, plus weighty electric windows and unnecessary sunroof – had been driven only 13,200 miles by a dealer principal and two keepers. The auctioneers had predicted £50,000-55,000, but £46,000 was bid in the room and the car was valued here therefore at £51,750 with premium.
The top-performing Porsche was a 1973 911S 2.4 in RHD – so a pre-impact-bumper car – that had service history on file since new. This also sold in the room for a within-guide £166,500 with premium, whereas a recommissioned 1970 2.4S that warranted further restoration was acquired for £101,250. A forecast £129,375 was forthcoming from a telephone buyer for a 1980 911 Type 930 Turbo 3.3 in RHD with 16,092 mileage, while a 44,000-mile Turbo of the same Type attracted bids from all platforms, selling for £80,917.
One of the most viewed and contested lots was a 1985 Renault 5 Turbo 2 ‘Type 8221 Original’ that had been static stored for years and was over-ripe for full restoration. Having been ‘come and buy me’ guided at £25,000-30,000, it achieved a £49,000 bid in the room; £55,125 with premium.
Although a 1997 Diablo SV did not fire up any bids near the £130k minimum required, a 1961 Lamborghini 2R Tractor with three-pot motor and Italian logbook, which had been treated to full beautification in the Ermes and Nicola Formilan salon, pulled a far from agricultural £13,500 from a saleroom bidder.
By the end of the Saturday-afternoon session above the F1 pit garages, and although 36 cars had sold (57 percent of the 63 in the ‘All-Makes’ catalogue), acquisitive punters had nonetheless spent over £2.33m including premium. That’s an average of £64,843 per classic. With the £2.43m-worth of Ferraris sold the day before added to the weekend’s stats, 60 or 62 percent of the 97 collector vehicles offered had changed hands at Silverstone for £4.76m. That equates to an overall average of £79,395 invested in classic acquisitions.
Classic Cars for Sale
This 1951 GMC Pick Up 3100 short bed is probably the nicest offered in Europe today. The nut & bolt restoration of this GMC has taken over 2 years and was a real labour of love. The attention to detail is astounding. Nothing was left to chance. Everything was rebuilt. So, the straight six-cylinder engine runs beautiful and the manual gearbox shifts smoothly. Everything is new undercarriage, bre
This Belgian registered 1966 VW T1 11 Window split bus is in wonderful condition. This VW T1 was originally delivered in Germany. Our split bus was Fully restored and converted to camper some years ago. Of course, this T1 one is rust free. All technical aspects are well maintained and fully functional. The 1600 CC engine runs strong and the manual gearbox shifts perfectly. The car has very nice
This stunning 1961 Triumph TR3 is everything you expect from a proper English roadster. Great lines, lots of chrome and a beautiful sound. This example has been body off restored about 9 years ago by a Belgian English roadster specialist. This TR3 has hardly been driven since and it shows. The overall condition is superb. Our Triumph is absolutely rust free. The 2 litres 4-cylinder engine runs
This first owner 1989 Toyota Supra 3.0 Turbo is in great overall condition. The former owner kept records of all maintenance and never spared expense. Of course, this great Supra 3.0 shows absolutely no rust on undercarriage or body. The 3.0 engine runs beautifully, and the manual gearbox shifts without hesitation. A lot of technical work was done before the car was offered for sale. Distrib