Silverstone "Race Retro" Auction 2023 - Lotus Festival and Ford Sierra record
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Summary
164 cars and a trailer were offered at the "Race Retro" auction at Silverstone on February 24 and 25, 2023. On average, the cars were 41 years old. Ford, Lotus, Porsche and MG were the most strongly represented. The sales rate was 63 percent, with an average bid of 84 percent of the median estimate. Records were set for a Ford Sierra RS 500 and a Lotus Elan S3 DHC, among others. This auction review analyzes the results and shows many of the cars in pictures.
This article contains the following chapters
- Relatively young offer
- Racing cars met with little interest
- Ford ahead of Lotus
- Lotus sports cars from famous people
- Record price for Sierra RS500
- Precision landing of the Fiat 131 Abarth
- British exotics
Estimated reading time: 5min
Preview (beginning of the article)
On February 24 and 25, 2023, Silverstone Auctions auctioned a total of 165 cars and some automobilia at the "Race Retro" trade fair. The 48 racing cars plus a trailer went under the hammer on February 24 and the 116 road vehicles on February 25. The total value of the vehicles was around £10.5 million, with each lot expected to fetch around £62,800. In total, 63% of the vehicles were sold and a turnover of £ 6.5 million was achieved. On average, the vehicles were 41 years old; the average age of the racing cars and road cars was roughly the same. Only three cars dated from before the Second World War.
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