The car of the day today is the wonderful Lotus Elan + 2.
Mr B has a fantastic policy with agreed value, choice of repairer and also salvage retention through ourselves here at AIB.
The Elan +2 was introduced in 1967 with a longer wheelbase and 2 rear seats. 5,200 Elan +2were made. The Elan +2 ceased production in 1975. Because of its successful design and rigorous attention to cost control on the body, chassis, engine and transmission, the Elan went on to become Lotus’ first commercial success, reviving a company stretched thin by the more exotic and expensive to build Lotus Elite enabling funding of the Lotus success in racing over the next ten years.
Thank you for sending these lovely photos Mr B!
We specialise in classic car insurance so remember to call us on 02380 268351 for all your classic car needs.
This weeks car of the week is this superb Mazda MX 5 built in 1996.
The Mazda MX 5 two door convertible sports car was originally manufactured in Japan and was the best selling sports car of all time in 2000 and won a place in the Guinness Book of World Records.
Mr T was kind enough to take out a policy with Jenna back in July which includes the benefits of both salvage retention and agreed value. Jenna was able to offer an amazing discount as the client was happy with limited mileage and keeping the vehicle garaged overnight. In addition the fact that Mr T has owned the vehicle for some time, meant Jenna could sort amazing cover for a sensible price.
If you have a stunning classic car that needs insuring please call our team today on 02380 268351.
Classic car enthusiasts may be interested to read about the auction of a number of classic vehicles that took place on the 17th October 2018 at the Imperial War Museum, Duxford. The event was run by H &H Classic Cars. Below we mention some of the cars that were sold but full details can be found on the H & H website.
A 1962 Austin-Healey 3000 MK 11 that had an estimated price of £18,000 to £22,000 was actually sold for much more than that – it went for £30,375. This open soft top Colorado red sports car had been in the same ownership since 1969 and has only 38,457 miles on the clock making it a very low mileage vehicle. It has a 132 bhp engine and comes with 60-spoke wire wheels. It certainly looks fantastic.
A 1947 Lea-Francis 14hp Drophead Coupe had an estimated price of £9,000 to £11,000 buactually sold for £14,625. This vintage vehicle only has 23,000 miles on the clock. It has a red leather hood and interior trim. It was once owned by the father of a well known pop star – Mike Maxfield.
A 1986 Mercedes-Benz 300 SL had an estimated price of £14,000 to £18,000 but was sold for a figure of £20,250. It had been in the possession of the same owner for 16 years and had 86,295 miles on the clock. It has cream bodywork. It has a factory hard top with a rear seat option. It has a 2,962cc engine producing 187bhp and a top speed of around 130mph.
A 1960 BMW Isetta 300 had an estimated price of £14,000 to £16,000 but actually sold for £19,406. This is a four-wheeled bubble car with only 11,888 miles on the clock. It has had 4 owners. It only has a 298cc engine. It has a pale green bodywork. It looks delightful.
A 1953 Sunbeam Alpine had an estimated price of £10,000 to £12,000 but achieved a sale price of £15,468. The bodywork is a stunning red. This is a rare classic car with only 1,582 being built. It has 80,928 miles on the clock.
A 1935 Rolls-Royce 20/25 Sedanca de Ville had an estimated sale price of £18,000 to £22,000 but was sold for £23,625. The bodywork is in black and the car is in need of some restoration work to bring it back to the standard you would expect to see such a vehicle in.
A 1929 Hillman 14 Tourer had an estimated sale price of £14,000 to £16,000 but achieved a sale price of £19,125. Its previous owner before being sold at the above auction had had the vehicle since 2000. It has a 1953cc engine. It has 4 seats and a soft top.
Rowan Atkinson, the comedy actor, has appeared in the likes of Blackadder and Mr Bean and has presumably earned quite a lot of money over the years. He is also keen on cars and has owned a number over the years some of which have been modern classic cars.
In fact, we have previously commented on a McLaren FI that he became rather well known for owning. Unfortunately, that particular car made the news some years ago because it had been involved in a road traffic accident and the insurance company paid out over £900,000 to repair it which, at the time, was believed to be a record payout for a car insurance claim. At a later date, he sold the car for several million pounds.
Well, he is shortly to put a couple of modern classic cars up for auction that he is the proud owner of. The cars are being offered for sale at Silverstone Auction’s Race Retro Classic Car Sale 2018 that takes place in February.
There is a 1993 Mercedes-Benz 500E that has a left hand drive and is powered by a V8 4,973 cc engine. This car was capable of rocketing to 60mph in a mere 5 seconds and could get to 100mph (when legally allowed to do so) in 14 seconds plus. It is interesting that one of the things that makes this car rather sought after is the fact that it is hand built. It only has around 50,000 miles on the clock so it quite low mileage for its age.
The other classic car that Rowan Atkinson is offering for sale at the above auction is a 1989 Lancia Thema 8.32. It also has a V8 engine and is also left hand drive. This was also a nippy vehicle capable of getting to 60mph in just under 7 seconds as it accelerated to a maximum speed of 150mph. It is believed that in the 7 years Mr Atkinson has owned the vehicle he has spent around £20,000 on maintaining it.
So, if you are a modern classic car enthusiast and fancy buying a car from a well-known celebrity, why not get along to the above auction and start bidding. If you require quality, tailor-made, competitive classic car insurance then feel free to give us a call on 02380 268 351 to discuss your requirements where we will be happy to provide a quotation without any obligation.
If you happen to be a fan of the Beatles who you may well remember had a few number one hits many years ago and you also have a keen interest in classic cars then you might wish to consider getting along to The Bond Street Sale at Bonhams on the 2nd December 2017. This is because a couple of classic vehicles once owned by two members of the pop group are being auctioned.
One of these is a 1966 Mini Cooper “S” Radford Conversion once owned by Ringo Starr between June 1967 and December 1968. Whilst all 4 Beatles had Minis this one is believed to have been converted to allow Ringo Starr to get his drums in it.
This delightful iconic vehicle has appeared at numerous locations over the years. For instance, in February 1984 it was on the Blue Peter television show and in 2001 it appeared on Top Gear. It was restored in 1991 and has been owned by the same family for a period of 40 years.
The car has several unique things about it such as a rear seat that folds down, electric windows, walnut dashboard, Manx alloy wheels and door warning lights to name but a few. Interestingly, the logbook has been signed by Richard Starkey – the real name of Ringo Starr.
You will need a deep pocket if you are interested in bidding for this classic car as it has an estimated price of £90,000 to £120,000.
The other classic car once owned by another of the Beatles is a 1964 Aston Martin DB5 4.2-litre Sports Saloon. Sir Paul McCartney was the original owner. It has also been owned by the radio presenter Chris Evans who is a keen fan of classic cars –in particular Ferraris.
This wonderful sports car was originally purchased for circa £4,593. Sir Paul McCartney retained ownership of the car for 6 years. Restoration work was carried out in both 2002 and a further four-year period of restoration was completed in 2017 to the standard of concours. Apparently, the vehicle even had a record player.
To purchase this pristine classic sports car you will need even deeper pockets as the estimated price is between £1,250.000 to £1,500,000.
Whilst at the auction, you may want to cast your eyes over a 1959 Bentley S1 Continental Sport Saloon. Only 431 of these luxury vehicles were built but the added attraction of this one is that it was owned by the singer and pianist Sir Elton John and was then purchased by Lord Alan Sugar. In its heyday, this was a powerful car getting from 0mph to 50mph in just over 9 seconds and was capable of cruising at a top speed of 120mph. Sir Elton John owned the vehicle for 25 years from 1976 to 2001 before being bought by Alan Sugar who kept it until 2007.
If you are looking to purchase a classic car then why not get in touch with us here at AIB Insurance on 02380 268 351 to obtain a competitive quotation for classic car insurance from our extensive panel of insurers.
The majority of classic car enthusiasts probably own just the one cherished vehicle that they ensure is lovingly maintained whilst in their possession for many years. Well, a businessman here in the UK is the proud owner of a fleet of such vehicles that is actually believed to be the largest collection in Britain.
Rodger Dudding, who is 79 years of age and features in the Sunday Times Rich List, owns a portfolio of around 350 classic vehicles including the likes of cars and motorbikes. His collection is estimated to have a value of about £40 million. He made his fortune in a number of ways such as by buying and renting out lock-up garages and inventing a paper ticket machine that dispenses tickets in certain large department stores to customers to help with ques.
Presumably, not content with owning that many classic vehicles, he is still looking to expand his collection of cars and has spent in the region of £7 million in building a garage that could be used to house additional classic vehicles.
The list of vehicles owned by Mr Dudding includes cars manufactured over a period of many decades with the oldest one being a Vulcan Tourer dating way back as far as 1911.
He has an extensive collection of Aston Martin Lagondas – two dozen to be exact so, presumably, is a great fan of such a vehicle. Apparently, his favourite vehicle is a Morris Minor that was bought by his father back in 1952. He owns an extremely valuable Jaguar SS 2.5 litre Drophead built in 1938. He also owns more modern vehicles such as a Rolls Royce Phantom that was only built in 2010.
Here at AIB Insurance, we have insured many classic vehicles through our extensive panel of insurance companies. So, whether you are looking to insure one classic car or a portfolio of vehicles why not get in touch with us on 02380 268351 to discuss your requirements and obtain one or more competitive quotations.
Classic car prices have risen significantly since around early 2010 until about August 2015. However, since then there has been an easing in values although there are possibly going to be certain makes and models of vintage vehicles that continue to go up in value. There has also been a drop in the number of classic cars sold.
This is perhaps borne out at the recent H and H Motorcar auction that took place on the 26th July at The Imperial War Museum, Duxford, Cambridgeshire. There were quite a number of classic cars that remained unsold on the day.
A Lagonda DB 2.6/3.0 Litre Drophead Coupe manufactured in 1953 was estimated to achieve a sale price of £70,000 to £90,000. It was blue in colour and had a 2,995 cc engine. The original purchaser was Sir Peter Ustinov who owned the car for 12 years but since 1968 it has remained in the same ownership. Regrettably, despite its renowned original owner, it was not sold on the day.
A Jaguar E-Type 3.8 “Flat Floor” Roadster built back in 1961 with red bodywork and a 3,781cc 265bhp engine capable of accelerating from 0 to 60mph in a mere 6.9 seconds towards a top speed of 150mph was one of only 1,582 manufactured. It has been beautifully restored and had an estimated sale price of between £180,000 to £220,000. Unfortunately, no sale was achieved.
One of the classic cars that had the potential to achieve a significant price was an Austin Mini Cooper S 1071 “Hatchback” built in 1964. At one point it was owned by the Rt Hon Ernest Marples MP. He was renowned for opening the M1 Motorway. It had an estimated sale price of £70,000 to £80,000 but failed to be sold.
An elegant Bentley 4.25 Litre James Young Sedanca Coupe built in 1938 with its bodywork in black and a beige trim interior that has a 4,257cc engine was offered for sale with an estimated price of between £180,000 to £220,000 but unfortunately remained unsold.
It will be interesting to see what happens in the classic car market in the coming months.
If you are looking to insure your classic car then why not give us a call here at AIB Insurance on 02380 268 351 to discuss your requirements with a knowledgeable member of our staff.
This year’s Silverstone Classic Sale of cars, motorcycles and automobilia is not many weeks away. This annual event is scheduled to take place on the 29th and 30th July with viewing on the 27th and 28th July and it promises once again to be a great occasion for classic car enthusiasts. Below is a selection of the cars that are going to be auctioned but you can visit the website of Silverstone Auctions to view more items.
Many of you will remember the Ford Capri. Well, a Ford Capri 280 Brookland built in 1987 is to be auctioned with an estimated price of between £35,000 to £45,000. It only has 14,680 miles on the clock and has had a total of four owners with the current one having had the vehicle for around 8 years. During that time the fantastic looking car has been refinished at a cost of over £10,000.
If you are a fan of Porsche then you might want to take a look at the Porsche 356 B Cabriolet that was manufactured in 1962. It has a 4-cylinder 1,600 cc engine and is left hand drive. It spent a number of years in the USA before ending up in Europe. It was restored in 2006 but not too long ago it had a bare metal respray in Metallic Silver. This classic car has an estimated price of £100,000 to £120,000.
Those of you who are Mercedes-Benz enthusiasts may like to view the 1955 Mercedes-Benz 190SL sports car with a 1,900 cc 4-cylinder engine producing 104 bhp. It was transported to Houston in Texas. Back in 1994 it was sold to a classic car restorer and brought back to the UK. It was restored in 2005 with great attention being paid to the detail of the car. It has an estimated price of £105,000 to £120,000.
There is a wonderful looking 1950 Healey Silverstone that has featured in a number of races. When it was sold in 1969 the purchaser paid £600 for the vehicle. It has been fully restored with the work being completed in 2003. The car has only done 10,501 miles and a mere 105 of these sports cars were built making it a very rare specimen. It has an estimated sale price of £165,000 to £185,000.
If you are attending the auction then we wish you a successful trip. Do remember to insure your classic car and, in this respect, why not give us a call on 02380 268 351 to discuss your requirements and obtain a quote without any obligation.
Classic Aston Martin DB6’s do not become available for sale at an auction too often but it is rarer still to come across one that is a “barn find”. Well, if you are an Aston Martin fan then now may be your chance to own one.
This is because, a right hand drive 1966 Aston Martin DB6 with an automatic gear box is being auctioned by Stacey’s Auctioneers and Valuers on the 7th May 2017 at the Essex Classic Car Auctions. Despite requiring full restoration work, it has an estimated sale price of £180,000 to £220,000.
Apparently, twenty-five years ago, this classic, sought after vehicle was placed in a barn having had its engine removed with a view to painting the bodywork. However, the car remained in the barn until recently and is now available for sale. It is reported that the instruments inside the car are still in situ and the lighting and chrome work on the outside of the vehicle are said to be in place. The engine is still there albeit it will not be firmly attached.
It would appear that whoever may decide to buy this rare classic car is going to have to spend some time restoring it or pay someone else to do the work. Hopefully, it will not be too long before it is restored to its former glory and is in perfect working order as there are few sounds that beat the engine noise of an Aston Martin.
Here at AIB Insurance, we have insured many classic cars including a significant number of highly valuable ones. So, if you are looking to insure a classic vehicle why not give us a call on 02380 268 351 and speak with one of our experienced members of staff who will discuss your requirements and provide a bespoke quotation without any obligation on your part.
AIB Launch Classic Car Offering
AIB is proud to announce the launch of our non-standard per...
Airsports Insurance Bureau (AIB) is a trading style of Airsports Insurance Bureau Limited. Registered in England No. 2854801. Airsports Insurance Bureau Limited are Authorised and Regulated by the Financial Conduct Authority, firm reference 312153