Silverstone Auctions’ Race Retro sale saw low-mileage Italian classics sell for big numbers. Report here
Silverstone Auctions managed to sell 78 per cent of consigned cars at its Race Retro sale on 22 February, with total sales of £3.62million. A low mileage Ferrari Testarossa was the star of the show, selling for a record £202,500. Three other auction records were also broken at the sale.
The 1991 Testarossa had covered less than 1000 miles from new, and was offered with a rare luggage set, selling for a more than £70,000 over its lower estimate. Another low-mileage surprise was a 400-mile 1999 Ferrari 456M, which sold for a record breaking £118,125.
An 808km Alfa Romeo SZ from the same UK collection as the Testarossa, sold for £84,938, yet another world record. Despite huge pre-sale interest, the 31-mile Lanica Delta Integrale remained unsold, being the exception to the low-mileage Italian car rule of the sale.
Other interesting prices include a 1973 Porsche 911 2.4S Targa, which ended at £114,750. The particularly nice example was hotly contested over at a time when Porsche Targa models are becoming more sought after.
With a strong showing of competition cars due to the Race Retro connection, a total of 13 racing cars were sold at the sale. Perhaps the most interesting was the 2010 Aston Martin Vantage GT2, which sold for £105,750.
MD of Silverstone Auctions, Nick Whale commented: ‘This is another great set of results for our vendors and gives a promising and exciting outlook for the year ahead.’
Silverston Auctions' next sale will take place at the NEC on 28 March.