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Classic car auction: Elton John's 1972 Ferrari sells for R9.6-million

2017-08-05 06:00

Image: Newspress

London - A 1972 Ferrari 365 GTB/4 Daytona, once owned by Sir Elton John, was hammered away by Silverstone Auctions for £551 250 including premium in a £5.5-million sale at the Wing Building, Silverstone, during the Silverstone Classic Motor Racing Festival on 27th, 29th and 30th July.

The bright red Ferrari wasn’t the only car to draw enthusiastic applause from the crowd, with a 1987 Ford Sierra Cosworth RS500 drawing gasps of awe as it raced past the £100 000 mark during a fierce bidding war, eventually selling for £114 750 including buyer’s premium to an online bidder from Australia.

Despite an estimate of £70 000 - £85 000 before the sale, bidding for a rare 1973 BMW 3.0 CSL actually started at £95 000 and after a rapid-fire battle between room, phone and online bidders it eventually sold in the room for a final price of £137 250 including premium, almost doubling its lower estimate.

A total of £5.5-million in sales across the three days of auctions was achieved, and 71% of the cars on offer in the two days of classic and sports car auctions went to new owners.

1972 Ferrari 365 GTB/4 Daytona

Image: Newspress

BMW 1973 3.0 CSL 

Image: Newspress

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