Ferrari 512 Testarossa owned by Sir Elton John going under the hammer

Article by Christian Andrei, on March 10, 2013

International auction house COYS will be selling the Ferrari Testarossa formerly owned by Sir Elton John at the Spring Classics sale in London this week. This is just one of 40 cars that will be auctioned off on March 12 at the Royal Horticultural Society, Lindley Hall. The 512 Testarossa, which Sir Elton John bought as new, has been driven 2,100 miles and is in pristine condition.

While Elton owned it, the vehicle has covered 1812 miles but it had to have its annual service. Elton drove his 28 cars regularly and he offered rides to multiple celebrities and dignitaries on them before they were auctioned off by Christie’s in 2001. At that time, the 512 had sold for £98,000. It has a Rosso Corsa finish with a complementary beige interior. It also comes with a complete service history as well as Sir Elton’s letter of ownership to prove its authenticity.

It was recently serviced at the Meridian Ferrari, curing which its cambelts were replaced. This Ferrari is estimated to cost £90,000- £110,000. According to Chris Routledge the Managing Director of COYS, this has to be the 512 TR with the lowest mileage offered currently on the market, with an extraordinary history of ownership. He said that since Ferrari prices are increasing, this car represents an opportunity for a real blue chip investment. Furthermore, this sale features two Ferrari Dino's, known to many as one of the most beautiful Ferraris. Also being put up for sale is the 1969 Ferrari Dino 206 GT, one of just 152 models built.

It costs between £180,000 and £210,000 and had once been owned by Canadian film director David Cronenberg. The second model, which costs from £170,000 to £180,000, is a 1974 Ferrari Dino 246 GTS in the unique "French racing blue.” Collectors will also probably be looking out for the rare and exclusive 1974 E-Type Commemorative, one of 50 special roadsters made to commemorate the end of its production in 1974. This Jaguar, which only has been driven 25,950 miles, is predicted to cost from £115,000 to £135,000.

Topics: ferrari, auction

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