Derelict Dino sets new benchmark in making a mammoth £130,000

| 28 May 2014

Shockwaves were sent through the classic car world when a derelict Ferrari Dino grossed more than £130,000 at auction.

The barnfind 1973 246GT from a deceased estate had been stashed away in 1975 and despite being described as "rotten as a pear" drew frenzied bidding, helping Silverstone Auctions to a sale total of £1.7million. 

Ironically, the auction's top-seller was a recently restored 1971 246GT that appeared at that year's Earls Court Motor Show. Given its history and condition – and what the other Dino would cost to put back on the road – it actually looked good value in comparison at 'just' £250,700.

There were plenty of other estimate-busting cars, too, including a 1963 Fiat 500D convertible (£20,930), a £60,375 1971 Jaguar E-type S3 roadster that counts Hollywood star Gerard Butler among its former owners and a 1973 Porsche 911S 2.4 Targa that made a whopping £105k.

A 1967 Alfa Romeo Giulia SS trailed in our preview scraped over bottom estimate at £50,600 while a now-desirable manual 1970 Ford Capri 3000GT Mk1 raised eyebrows in smashing a generous looking £18k top estimate to make £24,380.

One of the most interesting lots for collectors was undoubtedly the 1990 BMW Z1 with fewer than 200km on the odometer, a fact reflected in the huge £54k that was paid for it.

Catching our eye was an immaculate 1958 Porsche 356A 1600 Reutter Coupé that made £71,300. So freshly restored is the car that it hasn't even been run in yet and was not quite finished when it was photographed pre-sale!

Click here for our auction preview. 

See the full results here. 

Click here to read James Elliott's blog on the Dino.