People who have experienced going to a car auction will likely see a model that has been kept in mint condition or a car that has been customized to have much more value than what the base model has to offer.
However, the sale set for this coming April has something different in store for everyone. One of the items that is up for auction is a worn-out Jaguar, with all the rust and dust. If you think that this won’t gain any attention, you would be very wrong. In fact, early estimates peg it at a low of $46,000 to a high of $54,000. So why the high price? There are two central reasons. The first is that it is a 1962 E-Type Series 1 Fixed Coupe, a truly rare model. Second is that despite the condition it is in, it has not been used for almost two decades and that whole time was simply inside a garage. Further, it has a manual transmission and has a right-hand drive configuration. Records show that it so far has had only two owners.
This model was said to have been initially bought in the U.K. back in 1962. It had a Dark Opalescent Blue finish with a Black trim. The original owner had it for almost 35 years before selling it. The second owner was said to have bought it sometime in 1997 and placed it into storage with the intention of conducting some minor restoration. The problem however was that said restoration never happened.
This is why despite the decay and all that dust, this model continues to be in "very original condition." Thus, not only does the Opalescent Blue still show in some areas of this model but it even has the original brake system. Its hood is missing and it has lost its glass and its radiator but a large part of the vehicle is still intact. Looking on the inside, one can observe that the dashboard and the steering wheel are still present.
At the auction, the parts that have been removed while it was in the restoration process will be included as well. It will even have the Jaguar Heritage Certificate and the present V5. Those familiar with this model know full well that versions of the E-Type Series 1 that are in pristine condition can fetch at least $100,000. As such, this is truly the best project car.
According to Classic Car Auctions classic car consigner Harry Whale, early versions of the E-Type remain to be collectible items and while this appears to be a serious project, it could well be worth the time. Last year, he adds, the Jaguar E-Type Series I experienced an increase especially on the classic car market so it won’t be surprising if a number of people decide to join the auction for a chance to own that model.
Auction is set for April 2 of this year at NEC located in Birmingham, UK.