Report: Silverstone Auctions’ May Sale

Historic sports cars and classic exotica topped the bill at Silverstone Auctions’ May Sale on 24 May, with Ferraris and Porsches smashing their pre-sale estimates as enthusiasts fought it out for the best cars. The auction raised more than £1.7million, with an impressive 71 per cent sale rate.

The star of the sale was a 1971 Ferrari 246 GT Dino, which raised £250,700, more than £70,000 over its estimate. The Dino was Ferrari’s show car from the 1971 Earls Court Motor Show in London and was recently subject to a full suspension and engine rebuild.

Bidders also showed considerable interest for a 1973 Ferrari Dino barn find; the 246 GT was left in a garage for 39 years before its owner’s death prompted its discovery. Showing a believed genuine mileage of 13,932, the Dino sold for £132,250.

Other auction highlights included a brace of classic Porsches, with a fine 1973 911 S 2.4 Targa selling for £105,800 (£20,000 above estimate) while a 1989 911 930 Turbo, with just over 24,000 miles on the clock, achieved £92,000.

The sale also set a new auction record for a Fiat 500D Convertible. The 1963 example sold for £20,930 after a frenzied bidding battle.

For the full list of results from Silverstone Auctions’ May sale visit: www.silverstoneauctions.com