Pre-production Ferrari 575MM goes under the hammer today at COYS

Pre-production Ferrari 575MM goes under the hammer today  at COYS

More than 55 classic and sports cars, including a pre-production Ferrari 575MM, will be going under the hammer at Coys auction in the elegant gardens of Fontwell House, just a few miles away from the action at the Goodwood Festival of Speed, on Thursday 29th June.

The 575MM is likely to be the earliest of the 'pre-production' cars made by Ferrari with chassis number 123761. Despite being built in June of 2002, the factory kept it in storage after using it for marketing and promotional purposes before finally registering it in 2006. It was then sold as a 'new' car in 2008 to a VIP client direct from the factory.

With less than 13,000km on the odometer, full history file and original manuals, this Ferrari is estimated at £150,000 to £200,000.

Chris Routledge, CEO of Coys, said: “Coys are delighted to return to Fontwell House for a now-regular feature in our busy auction calendar. Just miles away from the action at the Goodwood Festival of Speed, enthusiasts and collectors will find at Fontwell House a fabulous selection of classic, sports and racing cars, including this pre-production Ferrari 575MM which represents a piece of Ferrari history and would be a valuable addition to any collection.”

The auction features a selection of Ferraris including a 1971 Ferrari 365 GTB/4 Daytona (£560,000-£650,000), a 2004 Ferrari 360 Challenge Stradale (£160,000 - £180,000), a 1998 Ferrari F355 (£60,000 - £70,000) and a 2003 Ferrari 575M ‘Fiorano Edition’ (£135,000 - £145,000), amongst others.

On the barn-find front, Coys has unearthed a 1965 Jaguar E-Type 4.2 Coupe, which was purchased new by Moustafa Ammar, an Egyptian Diplomat. He purchased the car new in Geneva when he was posted from London to the Egyptian Embassy in Switzerland and used it comprehensively, driving around Europe and even taking the long journey back to Egypt on occasion (petrol receipts found in the car confirm this).

When Moustafa returned to the Egyptian Embassy in London in 1971, he brought the car back with him and it was given the registration ELB 125J. He used the car regularly until 1989 and was then put into a dry garage, where it remained dormant for some 28 years. The E-Type is offered with a comprehensive history file, including the original bill of sale and warranty, and is estimated at £60,000 to £80,000.

Other important classic and sports cars on offer include a 1970 Austin Mini Cooper S ex-Liverpool Police car (£30,000 - £40,000), a 2004 McLaren Mercedes Benz SLR (£200,000 - £250,000), a 1954 Sunbeam Alpine Special official works demonstrator and journalist car (£38,000 - £50,000), a 2016 Jaguar F-Type Project 7 with only 103 miles from new (£180,000 - £200,000) and a 2011 Porsche GT3 RS 4.0 (£250,000 - £300,000).

Coys next auction after Fontwell will be Blenheim Palace on July 15th , featuring a 1926 Bugatti Type 37 worth £600,000.