Sunday, 17 March 2013

Sir Elton John’s Ferrari Sold at Auction

A Ferrari Testarossa formerly owned by Sir Elton John with only 2,100 miles on the clock was sold by international auction house COYS at their Spring Classics sale in London, last week.

The 512 Testarossa, which was purchased new by Sir Elton John, was one of 40 cars that went under the hammer at the Royal Horticultural Society, Lindley Hall, on Tuesday March 12th.
The car only covered a remarkable 1812 miles while in his ownership but was always subject to an annual service.

It is well known that Elton drove all 28 of the cars in his collection on a regular basis, and gave rides to many other dignitaries and celebrities before they were auctioned off by Christie’s in 2001. This particular 512 sold for £98,000 at the time and passed to its current owner.

Having covered a mere 2,100 miles from new, this 512 TR is still reported to be in pristine condition. Finished in the stunning Rosso Corsa with complementary beige interior, it comes with a complete service history and a letter of ownership authenticity from Sir Elton. Most recently this year it has been serviced at Meridian Ferrari – where it has had its cambelts replaced. This Ferrari was estimated at £90,000- £110,000.
Chris Routledge the Managing Director of COYS said: 
“This must be the lowest mileage 512 TR available on the market today, with exceptional ownership provenance. With Ferrari prices continuing to rise, this car offers the opportunity for a real blue chip investment. Unique.” 

The sale also featured two Ferrari Dino's, arguably one of the most beautiful Ferraris built to date. The first example was a 1969 Ferrari Dino 206 GT, one of only 152 models produced, which was once owned by Canadian film director David Cronenberg and was estimated at £180,000 to £210,000. The second model a 1974 Ferrari Dino 246 GTS in the distinctive "French racing blue", was estimated at £170,000 to £180,000. These Ferraris are becoming one of the most sought after examples of this marque and would be a sensible investment for the future. 

Another important collectors’ car that went under the hammer was a rare and exclusive 1974 E-Type Commemorative, one of the fifty special roadsters built to mark the end of the model's production in 1974. This iconic Jaguar, with only 25,950 miles from new, was estimated at £115,000 to £135,000 and provided an unrepeatable opportunity to become a member of the most exclusive E-type club.

Additionally, in the year of the 100th anniversary of the marque, the auction  featured a 1975 Aston Martin V8 which was estimated at £55,000 to £65,000. The car, finished in metallic blue with a blue hide interior, has been held in pristine, original and un-molested condition throughout. It even had an extensive service history, including MoT certificates dating back to 1984.

COYS ‘Spring Classics’ auction featured a general mix of pre and post war sports and touring cars. Further details of the final prices achieved were not available when this article was written but will be published on the website - in due course.

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