Here are a few news highlights from the classic car industry from the last couple of months…
Classic insurers say owners have unwittingly kept their cars’ agreed values at the same levels for years, despite recent price surges, particularly for 1970s and ’80s models.
A few news highlights from the classic car industry over the last couple of months…
According to Classic Driver, six market experts have identified the Jaguar XJS as one of the best classic cars to invest in.
A grand total of 115,330 Jaguar XJS cars were built over a 21-year span from 1975 to 1996, of which 80 per cent went overseas. Even though it has now been out of production for 18 years, all parts are still available to service the car.
The experts suggest that cars worth looking out for include those with a limited production run, the V12s built between 1975 and 1979, and the 3.6 manual cabriolet.
The first of Jaguar’s new, hand-built lightweight E-Types was unveiled earlier this month. The production, announced in May this year, will be limited to only six models. The cars have been designed to complement the 12 original E-Types that were produced in 1962, bringing the total number of genuine lightweights to 18, the number originally intended.
The new E-Types will be hand built at Jaguar’s new Heritage customer workshop facility, located on the former Browns Lane factory. All the recreation models will feature the famous aluminium body panels that made the lightweight vehicle so unique at the time.
Each of the new E-Types will be powered by a recreation model of the original XK-based straight-six engine, with an aluminium block, a ‘wide angle’ aluminium cylinder head, and a dry slump lubrications system.
Prices for the new E-Types have not yet been released by Jaguar; however, it is expected that the models will cost well over £1 million, with the first car expected to be released at the beginning of next year.
A dentist who amassed Britain’s largest classic car collection has sold the entire £100 million fleet to Jaguar Land Rover. Dr James Hull, 53, spent tens of millions of pounds filling a number of warehouses in Hertfordshire with his impressive 543 classic cars from the past 80 years.
The company’s interest in the collection stemmed from the fact that it contained 130 Jaguar or Swallow Sidecar vehicles. Models include early Swallow Sidecars and Swallow coach built Austin Sevens, plus a range of pre-war SS models, seven XK 120s, C- and D-Types, an XKSS, eight E-Types, 30 classic Jaguar ‘Mark’ model saloons, plus 19 XJS models and over 20 XJ saloons.
Although Jaguar Land Rover is not thought to have paid the £100 million the collection was valued at, the deal was welcomed by Dr Hull who described the new owners as “the perfect custodian”. The Jaguars will now be housed in a purpose-built factory in Coventry.
A Ferrari 250GTO Berlinetta has become the most expensive car ever to be purchased at auction, fetching a staggering £22,843,633 at Bonham’s Quail Lodge, California on 14 August.
As predicted, the ex-Fabrizio Violati 1962 model knocked the Mercedes-Benz Grand Prix racer sold by Bonhams at Goodwood in 2013 off the top spot; some pundits, however, expected the vehicle to collect a higher price.
The sports prototype received a huge cheer from the audience as it took centre stage. The sale took less than 15 minutes as Robert Brooks conducted the bidding battle between an American buyer and overseas rival.
At the same auction a Ferrari 250 Mille Miglia also fetched an impressive sum, selling for $8.8 million. A grand total of £39,522,440 changed hands during the sale of the Maranello Rosso Collection.