at its Spirit of Motoring Auction
More than 70 cars were on offer at COYS Spirit of Motoring sale at Ascot on Saturday October 4th and over 80% sold with more than 2 million pounds being realised.
Managing Director of COYS Chris Routledge said: "The response to our catalogue was immense. We have noticed a significant sea change towards classic cars as an investment with an 80% plus sale rate on the night and all catalogues sold out prior to the sale, tangible assets are providing extremely popular at the moment. There seems little evidence of slow down.With our Padua sale in two weeks and our big London Christmas sale in December, we are looking forward to an busy year-end."
The three strongest sellers were:
A Ferrari 365 GTB/4 Daytona Lot Number 317
This example was produced in 1970, and comprehensively recommissioned in 1980 by Ferrari specialist Bob Houghton. The original car was bare metalled, fully restored and re-equipped with genuine Ferrari parts.
The engine was fully rebuilt and all running gear was either rebuilt, restored or replaced to complete the 'as new' condition. It sold for 191,737 GBP
A 1965 Maserati Mistral Spyder Lot number 311: Chassis number AM 109S.063, a 3.7 litre, 5-speed gearbox model, was constructed in 1965, first registered in the UK on 3rd January 1967 and acquired for a large private collection in 2002. Prior to this, it was owned by Roger Lucas, then Vice-President of the Maserati Owners Club.
The car was subject to a thorough refurbishment in the mid-80s.
Since then, the car has been featured in numerous books and magazine articles, including the main cover feature of the February 1999 issue of Auto Italia magazine, in which it was pitted against a Ferrari California Spyder, as well as being featured in 'Ultimate Sports Car' by Quentin Wilson, 'Maserati Heritage', published by Osprey, and 'La Storia', published in-house by Maserati.
In addition, the car has won a number of awards, including the Maserati Club Concours award at Woodstock in 1988, the Best Maserati award at the Auto Italia Brooklands festival 1998, and 5th Overall Concours prize at the 1993 Maserati International Meeting in Cologne. It sold for 85,016 GBP
A1960 Jaguar XK150 Drophead CoupeWith just two owners from new, this fabulous example was first delivered to Wing Commander Reginald Presland and passing, upon his death, to his son Peter in 1981. It has full service history from date of delivery to that point and with 68,000 miles recorded. It was in then sold to the vendor in the late 1990's as a solid, fully working car in good order. Over the ensuing eight years, it was passed to a number of specialists to completely restore the car from top to bottom. It cannot be emphasised enough just how meticulous this restoration turned out to be. With no cap on expenditure, if the part in question was not 100% perfect, it was replaced. The car sold for 74,400 GBP.
COYS Padua auction takes place in the famous Italian City on October 25th and its True Greats Christmas Auction takes place in London at the Royal Horticultural Halls on December 4th.