Classic cars are purchases of passion: Bonhams
Classic car specialists at Hagerty analyse the market regularly and provide insight into the best models for owners to invest in. However, Hagerty has revealed a selection of vehicles outperformed expert opinions in 2020 with prices rising on a range of unique classic models.
1972 Bentley Corniche
Hagerty had priced the almost 50-year-old model at £62,100 during its initial valuation.
However, the luxury model achieved a higher £80,000 to £90,000 valuation at Silverstone Auctions before hitting the hammer for £158,625.
Experts at Hagerty said the 155 percent increase on the initial valuation may have been down to the model’s unique rarity.
Only 43 right-hand drive versions were built which made up just a tenth of the total number Corniches made by the iconic company.
We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.
1989 Mercedes-Benz 300 SL
Hagerty had valued the model at just £28,500 during their initial analysis before being stunned at its eventual £70,184 price tag.
The model was sold in superb condition with just over 10,000 miles on the clock at the hands of one owner.
Hagerty has warned the 2020s could be “the decade the R107 SL comes into its own” after this eye-catching sales performance.
TV host Mike Brewer shows drivers how to increase used car value [INTERVIEW]
Classic cars of the future have made some drivers £6,000 [PICS]
Europe’s largest classic car collection will ‘keep growing’ [COMMENT]
1988 Porsche 928 SE
The Porsche 928 used to be an entry-level model for fans of the iconic German car brand as buyers were unsure about taking on the car’s expensive running costs.
However, the model sold at last year’s Silverstone Auctions took everyone by surprise with its overall sale 88 percent higher than estimates.
The car was valued by Hagerty at just £68,800 but was eventually sold to an interested party for just shy of £130,000.
It is also believed this model did better than expected due to its rarity and recent refresh.
Just 42 right-hand drive Sport Equipment models were made for the UK market while the car also underwent a restoration with Hexagon Classics in 2015.
1971 Lamborghini Miura P400
This Italian classic was sold at over £3million at a figure 86 percent higher than initial Hagerty estimates.
The model’s massive £3.207,000 price tag made it comfortably the highest price of any vehicle on Hagerty’s rundown.
The vehicle was initially estimated at just £1.7million but this model sold for more due to the addition of a new differential.
Gooding and Company who sold the car described the model as “one of the most extraordinary Lamborghinis of all time”.
1961 Jaguar MkII 3.8
The British icon exceeded Hagerty’s initial £69,800 estimate by 24 percent when it was sold at last year’s Silverstone auctions.
Hagerty said its £93,500 sale price may have been down to a few features such as a heritage certificate and comprehensive history.
However, the model was also owned by Richard Fairbrass, the lead singer from Right Said Fred, who owned the Jaguar between 2006 and 2011.
The car also benefitted from a restoration before 2005 which returned the car to its original colour.
Source: Read Full Article