What happens when classic cars sell for too much? After a collector paid a record-busting £600k for a Ford Sierra at auction last week, JOHN MAYHEAD explains why it’s an ‘outlier’
- 20th March 2023
- Press
- Posted by Ruth Vant
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One week ago, a 1987 Ford Sierra smashed records by selling for a staggering £596,250 at auction.
Granted this was no normal Ford family car. The motor in question was one of 500 limited-edition Sierra RS500 Cosworths, which have fast become one of the most collectible vehicles from the eighties era.
However, the winning bid at the Silverstone Auctions Race Retro sale at Stoneleigh Park in Warwickshire on Saturday pitched the room into a stunned silence, with the low-mileage car obliterating the previous world record price paid for one of these models four times over.
But what caused this to happen, and how common is it for bidders to go dramatically over pre-sale guide prices?
