Auction set to see 36 cars fetch £6million

Auction set to see 36 cars fetch £6million

A collection of rare and famous cars, some with celebrity owners, are set to be auctioned in London next week.

The 36 cars will go under the hammer in the COYS True Greats auction at the Royal Horticultural Halls on Wednesday (December 7th).

Despite less than 40 cars being up for sale, the collection is expected to fetch more than £6 million.

Among the models up for grabs are an Aston martin DB5, once owner by Beatles legend George Harrison.

A Cord 810 Phaeton, which counts Led Zeppelin guitarist Jimmy Page and Dragon's Den entrepreneur Duncan Bannatyyne as previous owners, will also be put up for sale, as will a Mercedes-Benz 300SL Roadster which has been stored in an Edinburgh garaged for the last 23 years.

Chris Routledge, managing director of COYS, said: "There are some extremely interesting cars on offer which could be the ultimate Christmas present.

"The classic car market is one that is still buoyant and many people are looking at cars as an investment that is also fun. We are seeing traditional investors moving away from financial markets and looking at investments that are more tangible."

Posted by Craig Salter