February 28, 2012

Records galore at Race Retro Sale

Records tumbled at this weekend’s Race Retro and Classic Car Sale as Silverstone Auctions achieved a fantastic sales rate, successfully selling more than 74 per cent of the 77 vehicle lots on offer, along with a host of automobllia items, for a premium inclusive
total of £1.75 million, the highest sales total achieved in recent times at Race Retro.

Even more remarkable was the excellent conversion rate that was achieved in a sale which included some 28 competition cars, which are considered by other auction houses as particularly challenging to sell currently!

The record figures were helped in no small part by the sale of a stunning 1958 Tojeiro Jaguar for a premium inclusive total of £286,000. However, this particular car wasn’t the only one to fetch six-figures as a beautiful 1960 Aston Martin DB4 series II was sold for £170,000.

“We have worked hard on behalf of our vendors and achieved some excellent prices for both classic and competition vehicles,” comments Nick Whale, MD, Silverstone Auctions. “Everyone has been delighted and we are extremely proud of our achievements in our first visit to Race Retro.”

Figures were also boosted by a fine automobillia collection which generated a premium inclusive total of £180,000. This included a rare crash helmet used by legendary Formula One driver, the late Ayrton Senna, which sold for £71,500, significantly higher than its pre-sale estimate of £42,000 - £50,000, along with one of his race suits for £34,000.

Another record set during the auction was with the sale of a 1904 Oldsmobile ‘Curved Dash’ for £30,250, making it the oldest lot ever sold by Silverstone Auctions. Indeed, the sale included cars spanning more than a century in age.

Not only was the Race Retro Sale the first of the year for Silverstone Auctions, it was also the first sale that it has held away from its traditional home of Silverstone circuit. However, it will return to its Northamptonshire base for its next three sales – the Spring Sale on May 16, the Silverstone Classic Sale on July 21 and the Autumn Auction on September 19, before once again taking to the road for the NEC Classic Motor Show Sale on November 17.


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