Historics at Brooklands, the new independent classic and sports car auction house launched just three months ago, has reported excellent results from its inaugural sale, held at Brooklands - the company's permanent base.

A 1964 MGB Works rally car sold for £141,992, beating the top estimates for the British sports car. It is thought to be the last ever built MG works rally car in existance, and was consigned to a garage in 1975 following a few years of competition in major international motorsport. It was discovered in 2008 and has since been the subject of a sympathetic restoration.

With an audience of over 500 in the Historics’ marquee, a total of 65 fine motor cars plus automobilia were offered for sale by Historics’ Auction Director, Edward Bridger-Stille and his colleague, Edward Rising.

When proceedings closed, a total sale of £2,032,357 had been confirmed, with 61% of consigned cars sold to UK and international bidders, with some cars being successfully bought from as far afield as Australia.

Joint-founder Liam Cardiff commented: 'There was serious, committed and vigorous bidding on the floor, by phone and via the latest on-line i-bidder technology, culminating in a tremendous result for our first auction. And we were blessed with a wonderful summer evening, which helped contribute to the real garden party atmosphere.'