Silverstone Auctions revealed that its May Sale raked in a total of £3.6 million with its sales rate at 72%. In fact, the highest value breached the half million mark with the 1993 Porsche 911 (964) Turbo S Leichtbau being sold for £556,875, which is £81,000 higher than that of the lower estimate.
This is the same model that made the auction all the more exciting as it was the site of a strong bidding war. Tension became high when the bidding was eventually brought down to two. The air was also full of excitement as the two bidders initially were so bold and didn’t want to give up the vehicle. It eventually ended when the price reached more than half a million.
According to Silverstone Auctions Managing Director Nick Whale, it was indeed remarkable to see such excitement and drama and this was highlighted further with the excellent results for the vendors.
In general, the auction company said that Porsche had an excellent showing. The bidding for the 1989 Porsche 911 for instance was just as enjoyable with the winning bid offering £164,250, which is £19,250 more compared to the lower estimate. Also beating its lower estimate was the 1961 Porsche 356B Cabriolet. Final sales price was £123,750, higher than the expected lower estimate by £24,000. Finally, there was the 1991 944 Turbo Cabriolet, which surprised a number of attendees to the auction. Bidding was closed at £39,375, which is £14,000 higher than the lower estimate.
It was not only about Porsche though as Jaguar had a good showing as well with seven, from a total of eight, E-Types being sold. The highest one was for the 1965 Series 1 Roadster, sold at £112,500, an increase of £27,500 when compared to the lower estimate. Meanwhile the 1964 Series 1 fixed head coupe managed to get £59,625, still better than the lower estimate by around £13,000. The main highlight for Jaguar however was for the left-hand drive version of the 1955 XK140 SE. A bidding war, albeit through phone, managed to increase the price to £121,500, which is better by £46,500, than the lower estimate.
Other sales included the cult homologation special of BMW’s 1973 3.0 CSL. With a lower estimate of £45,000, the bidding war for this model resulted in sale of £83,813. That is almost double the lower estimate.
Another highlight of the May Sale was the cult homologation special 1973 BMW 3.0 CSL, eventually hammered away for £83,813 after a dramatic bidding war pushed the price to almost double its lower estimate of £45,000.
It is interesting to note that there was one model that was sold mainly for who owned it more than any other factors. This was the 1960 Bentley S2 which was previously owned by Sir Ray Davies of the Kinks. The model fetched £29,250, despite the fact that it would need a considerable amount of restoration.