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Auto News1970 Ferrari leads Classic Car Auctions £2.6M Sale

1970 Ferrari leads Classic Car Auctions £2.6M Sale

This weekend’s Classic Car Auctions sale at the Practical Classics Classic Car and Restoration Show, was as popular as ever. With British classics and restoration projects still exciting the show’s enthusiast audience.

80s and 90s cars also sold strongly at the first CCA sale of 2023, but as always, it was quality and rarity that led the pack as a Ferrari 365 GT 2+2, a 1970 Austin Mini 1275 GT and a Rolls-Royce Silver Shadow, detailed below, proved.

This elegant Ferrari, a right-hand drive low mileage car, benefitted from an older restoration, but was fresh to market. Offered at No Reserve, it was the star turn at the Classic Car Auction which saw 80% of the 234 cars find buyers in a sale that totalled £2.6m.

CLASSIC CAR AUCTIONS SALE IS LED BY 1970 FERRARI

The ultimate grand cruiser of its day and still a superb car for any Ferrari enthusiast, this fabulous, four-seat 365 GT has been in a private collection for years. A rare car with only approximately 800 built of which only 52 were right-hand drive, so who knows how many of these right-hand drive models still exist! With just 40,000 miles covered it makes it all the more desirable.

Simon Langsdale, of Classic Car Auctions, who sourced the Ferrari, says of it: “Understated and elegant are not words often associated with Ferrari, but they’re certainly fitting when describing the 365 GT. As far as classic Ferraris go, the 365 GT 2+2 is about as driver friendly as they come. It was the first Ferrari to feature standard power steering and brakes for the American market, an independent self-levelling rear suspension, and optional A/C. Other classic Ferraris are intimidating, the 365 GT is inviting.”

CLASSIC CAR AUCTIONS SALE IS LED BY 1970 FERRARI

The 1970 Austin Mini 1275 GT garage-find sold at an astonishing price, which was built on substantial pre-sale interest. A dusty orange garage-find Mini that emerged after 33 years in darkness, estimated to make £10,000-£12,000, rocketed to £39,100, showing once again that the British love affair with the Mini is far from over.

A remarkable ‘garage find’, one owner from new and just 11,836 miles on the clock, one can only wonder why its owner garaged it for three decades. But its discovery patently delighted the Mini enthusiasts at the sale.

A 1979 Rolls Royce Silver Shadow, 44 years in current ownership, 15,500 miles and one of the best examples CCA have seen, sold for £39,950 which is in the top records for a Shiver Shadow II.

CLASSIC CAR AUCTIONS SALE IS LED BY 1970 FERRARI

Arwel Richards, the Rolls and Bentley specialist at Classic Car Auctions, part of the Silverstone Auctions Group said: “A fantastic result for a fabulous car and it shows that a top condition Shadow can still command the respect and money they once did when new. I’m pleased to confirm that the car was bought by a true enthusiast as a gift for his brother. Our vendor’s family are thrilled it’s gone to a good home. A “mint” Shadow is 24ct in the eyes of a connoisseur.”

CCA will now be consigning for their Summer Sale on the 17th June at the Warwickshire Event Centre and sister company Silverstone Auctions are inviting entries of classic, iconic and supercars for their May sale at Supercar Fest on the 20th May.

Find more info:
Classic Car Auctions
Silverstone Auctions

Join the club:
Ferrari Owners Club of Great Britain


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