1954 Ferrari 375 Sells for £10.7 Million at Bonhams Festival of Speed Auction

A 1954 Ferrari 375-Plus sold for £10.7 million at Bonhams Auction at the Goodwood Festival of Speed on Friday.

The car's illustrious racing history includes the Mille Miglia, Targa Florio and Carrera Panamerica, making it an investment that will perpetually increase in value as long as it is not seriously damaged or the World completely changes.

A veteran 1902 De Dietrich (formerly part of the Michael Banfield Collection) made £998,300. It had been discovered during World War Two when a German bomb demolished the stable in which it had been sitting on blocks since 1912. With just four owners from new, the powerful four-cylinder 4,078cc De Dietrich is identical in specification to the works racers built for the 1902 Paris-Vienna challenge. 

One of the most iconic sports cars of the last Century - a 1975 Lamborghini Countach LP400 ‘Periscopio’ Coupé - sold for a new world record £953,500, substantially more than the £337,120 record price achieved by a 1983 Lamborghini Countach LP500S at Historics on 7th June, which invariably sell for less.

In total, the Goodwood Festival of Speed’s annual Bonhams sale earned £22.6 million on the second day of the world’s largest motoring garden party that now takes the place of the annual British Motor Show with some manufacturer stands more than three storeys high. 

Bonhams and Goodwood racing car historian Doug Nye, said: “This Sale has offered a phenomenal range of really special and important cars with their various classes. Above all, each of the prime cars offered has links with some of the greatest racing drivers of all time. Names like Jim Clark, Graham Hill, John Surtees and so many more. It’s always a pleasure to see new owners’ delight as the gavel falls. After all, they’re winners too.” 

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TheRichard Burns Foundationis the Festival of Speed’s official charity partner. The Festival of Speed beneficiary for 2014 is theChestnut Tree House.