The recent Silverstone Auction at the Lancaster Insurance Classic Motor Show saw a 1985 Ford Escort RS Turbo set an auction world record, realising £60,188 (or $129K).

A FRENZIED BIDDING WAR has seen a 1985 Ford Escort RS Turbo Series 1 set a new world record auction price of £60,188, or $129,000. This pushed the Silverstone Auctions at the recent Lancaster Insurance Classic Motor Show to a total of £4.4 million, or nearly $9.5 million. Indeed, 80% of the lots sold on the day.

Other fast Fords also proved extremely popular with a 13,000 miles from new 1987 Ford Sierra Cosworth RS500 selling for £90,000, or $193,000. Achieving a believed UK auction record, a right-hand drive 1993 Ferrari 512 TR sold for £185,625, or $193K, an amazing $161,000 above its lower estimate. Another Ferrari, a last of the line 1999 Ferrari F355 F1 was hard fought over by bidders at the show, selling for £103,500, $221,000.

The stunning 1991 Jaguar XJ220, formerly a part of the Brunei Royal family car collection, sold for a premium inclusive total of £315,000, or $677,000 while a beautiful 1956 Porsche 356A T1 Cabriolet was successfully sold for £196,875, or $421,000.

Speaking after the sale, managing director of Silverstone Auctions, Nick Whale, said: “It’s been an absolutely fantastic weekend here at the UK’s biggest classic car show. The atmosphere at the sale was electric and I’m delighted we’ve been able to secure such great prices on behalf of our vendors, as well as breaking a few records along the way. The key sign of a successful auction is when you have both happy sellers and happy buyers and this time we are proud to have achieved both!”

A pair of celebrity owned cars also found new homes. The ex-Peter Sellers 1966 Lotus Elan S2 sold for £50,625, or $108,809 and the 1973 Ferrari 365 GT4 2+2, once owned by boxing legend Henry Cooper, sold for £30,938, or $66,000.