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Economic Development

£4.5m car auction proves classic stuff

The Lancaster Insurance Classic Car Show saw 65,000 car-lovers head to Birmingham's NEC in an event hailed by organisers as "the best ever".

More than £4.5 million worth of classic cars were sold at Europe’s biggest enthusiasts’ event at the NEC last weekend.

The Lancaster Insurance Classic Car Show saw 65,000 car-lovers head for the Midlands in an event hailed by organisers as “the best ever”.

Many of the NEC’s cavernous halls were turned over to the annual event, which encompassed everything classic car-related imaginable.

As always, one of the highpoints was the Silverstone Classics auction, which this year resulted in sales of more than £4.5 million.

Celebrities Steve Coogan and Theo Paphitis and racing legend Sir Stirling Moss were among the famous faces in the auction hall.

The most expensive car sold was a 1994 Jaguar XJ220 supercar, once owned by the Brunei Royal Family.

With just 6,000 miles on the clock it had an estimated price of £200,000-£220,000 but ended up selling for £247,500.

A highly sought-after 1954 Bentley R Type Continental Fastback failed to sell, though it had been expected to fetch as much as £900,000.