Silverstone Auctions’ Race Retro sale saw low-mileage Italian classics sell for big numbers.
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.