Saturday, March 9, 2013

SIR ELTON JOHN’S FERRARI COMES UP FOR AUCTION


A Ferrari Testarossa formerly owned by Sir Elton John with only 2,100 miles on the clock is to be sold by international auction house COYS at their Spring Classics sale in London, next week.
The 512 Testarossa, which was purchased new by Sir Elton John, is one of 40 cars that will go under the hammer at the Royal Horticultural Society, Lindley Hall, on Tuesday March 12th.
The car only covered a remarkable 1812 miles while in his ownership but was always subject to an annual service.
It is well known that Elton drove all 28 of the cars in his collection on a regular basis, and gave rides to many other dignitaries and celebrities before they were auctioned off by Christie’s in 2001. The 512 on offer here sold for £98,000 at the time and passed to its current owner.
Having covered a mere 2,100 miles from new, this 512 TR is still reported to be in pristine condition. Finished in the stunning Rosso Corsa with complementary beige interior, it comes with a complete service history and a letter of ownership authenticity from Sir Elton. Most recently this year it has been serviced at Meridian Ferrari – where it has had its cambelts replaced. This Ferrari is estimated at £90,000- £110,000.
ChrisRoutledgethe Managing Director of COYS said: “This must be the lowest mileage 512 TR available on the market today, with exceptional ownership provenance. With Ferrari prices continuing to rise, this car offers the opportunity for a real blue chip investment. Unique.”
The sale will also feature two Ferrari Dino's, arguably one of the most beautiful Ferraris built to date. The first example is a 1969 Ferrari Dino 206 GT, one of only 152 models produced, which was once owned by Canadian film director David Cronenberg and is estimated at £180,000 to £210,000. The second model is a 1974 Ferrari Dino 246 GTS in the distinctive "French racing blue", estimated at £170,000 to £180,000. This Ferraris are becoming one of the most sought after examples of this marque and would be a sensible investment for the future.
Another important collectors’ car going under the hammer includes a rare and exclusive 1974 E-Type Commemorative, one of the fifty special roadsters built to mark the end of the model's production in 1974. This iconic Jaguar, with only 25,950 miles from new, is estimated at £115,000 to £135,000 and would be an unrepeatable opportunity to become a member of the most exclusive E-type club.
Additionally, in the year of the 100th anniversary of the marque, the auction will feature a 1975 Aston Martin V8 estimated at £55,000 to £65,000. The car is finished in metallic blue with a blue hide interior and has been held in pristine, original and un-molested condition throughout. It even comes with an extensive service history and MoT certificates dating back to 1984.
COYS ‘Spring Classics’ auction will also include a general mix of pre and post war sports and touring cars. Further details will be published on the website - www.coys.co.uk.

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