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PM's car doubles its price - News
A 1971 Fiat 500 L once owned by Prime Minister David Cameron has sold for more than twice its guide price at a sale hosted by Silverstone Auctions at the Footman James Classic Motor Show.
The car, which was bought by Cameron in 1998 as a surprise birthday present for his wife Samantha, eventually sold for £18,480, well above its pre-auction estimate of £8,000.
The car was a highlight of the auction at Birmingham’s NEC which saw 41 out of the 64 cars on offer finding new homes, resulting in a respectable 64 per cent sale rate, and reaching a premium inclusive sales value of £1.32 million.
Silverstone Auction chief Nick Whale said: “David Cameron’s old car was always going to generate a great deal of interest because of its fascinating history but it was almost out performed by another 1971 Fiat 500 L, rebuilt to concours standard, which made £17,000.
“It surely proves that these stylish little cars are very desirable in their own right.”
Other highlights included a jet black 1960 Aston Martin DB4 Series II, one of only 351 produced, which fetched £224,000, and a 1997 Ferrari 456 GTA which was sold for £41,200.
Meanwhile, four Volkswagen Beetles on offer also proved popular, including two models from the 1970’s which sold for £8,690 and £5,500, while a pair of 1950’s versions did even better, making £12,650 and £23,100.
Silverstone Auctions’ plans for next year begin at Race Retro in February.Author: Mike Torpey