The Silverstone Auctions event was staged on 13th May 2017 at the Silverstone Circuit, resulting in total sales of £3.6 million and a 72 percent sell-through rate.
The top result at the 2017 Silverstone May Auction went to a 1993 Porsche 911 (964) S Turbo Leichtbau that sold for £556,875 after an intense bidding war. Silverstone said there was tension in the room when competition for the 1993 Porsche was whittled down to two bidders who drew gasps from the crowd with their last-minute brinkmanship eventually pushing the price beyond the half million pounds mark, over £81,000 more than its lower estimate.
Porsches in general sold well with a 1989 Porsche 911 Speedster also subject to lively bidding in the room and on the phone, with the phone buyer eventually winning out at £164,250, exceeding its lower estimate by £19,250. A 1961 Porsche 356B Cabriolet beat its lower estimate by almost £24,000 when a two-way bidding battle pushed the sale price to £123,750, while a 1991 944 Turbo Cabriolet beat expectations reaching £39,375, over £14,000 more than its lower estimate.
Another popular marque was Jaguar, and seven out of the eight E-Types presented sold well. Healthy prices were topped by a 1965 Series 1 Roadster selling at £112,500, an impressive £27,500 over its lower estimate. A 1964 Series 1 fixed head coupe pulled frenetic bidding to reach £59,625, beating its lower estimate by almost £13,000.
A left-hand drive 1955 XK140 SE really caught the attention of bidders with a phone war breaking out to push the price £46,500 beyond its lower estimate to a staggering £121,500 final sale price, drawing applause from the room.
“It was fantastic to see such drama and excitement in the sale room today and the great results for our vendors reflected that,” said Nick Whale, managing director of Silverstone Auctions.
Another highlight of the May 2017 Silverstone May Auction 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.
Established, classic marques drew most of the attention as expected, with John Cleland’s 1971 Aston Martin DB6 Mark II Vantage fetching an impressive £348,750, but some of the more modern machinery attracted intense interest, too. This was illustrated by a 1993 Lancia Delta Integrale Evo 2 beating its lower estimate by just over £15,000, coming in at £41,063.
Bidding interest was global and buyers added to the international flavour with a modified 1985 Ferrari 308 GTS QV shipping out to Indonesia with a Ferrari 400 series V12 shoehorned into its engine bay. Despite the less-than original powerplant, this machine sold for £54,000.
One car that attracted attention more for its owner than its motoring heritage was the 1960 Bentley S2 barn find sold on behalf of Sir Ray Davies of the Kinks, which eventually sold for £29,250 despite needing restoration.
The next 2017 Silverstone Auctions sale will be the Silverstone Classic Sale on 28th and 29th July, preceded by a Race Car Sale on the 27th.
“We’re looking forward to building on the success of today going into the Silverstone Classic in July, which is our flagship sale of the year. It also has the added interest of a dedicated race car sale, making it a compelling event over three days,” added Nick.