Aston Martin is known the world over for producing top of the range executive cars that are sleek and fast and catch the eyes of passers-by. The added benefit is that they are manufactured here in the UK so it is something that we can be proud of. Their cars also feature in James Bond films.
Well, recently, a classic Aston Martin DB4/GT Zagato that was built way back in 1962 was sold at auction by Sotheby’s in New York at their “Driven by Disruption” sale for a mouth-watering £9.45 million. It was adapted in Italy by Zagato making it lighter and more aerodynamic. You may be interested to read that was a world record for a British built car being sold at auction although it had been hoped that it would fetch in excess of £10 million. The previous record was a McLaren F1 that went for £8.8 million earlier in 2015.
If you had bought that car when it was brand new you would have paid £5.470. We are sure that you will agree it has increased substantially in value and just goes to confirm that many classic cars have proved to be a wonderful investment.
This particular Aston Martin was one of only 19 built. It comes in green leather with a wooden steering wheel. It had a 3.7 – litre engine producing an incredible 314 bhp that was capable of rocketing from 0 to 60 mph in a mere 6.1 seconds on its way to a top speed of 154 mph. Certainly not a classic car for the faint hearted to be at the wheel of.
You may be interested to read that here at AIB Insurance we have insured many classic cars of varying values. So, if you would like to receive a no-obligation quotation, why not give one of our friendly, experienced team a call on 02380 268 351 and we will be happy to do all that we can to assist.
Obviously, nobody likes to be involved in a motoring accident but for those select few that are the proud owners of extremely expensive, often high performance luxury cars it is probably more disconcerting. After all, they are faced with the possibility of a car costing hundreds of thousands if not millions of pounds being written off or requiring a substantial sum of money being spent on it in repair bills.
We have put together a list of some accidents that have involved such vehicles that we believe you will find interesting: –
1. Ferrari 250 GTO 1962 -1964 – £17.6 million
Having paid $28.5 million for this car back in 2008, its British owner regrettably crashed the vehicle during a classic car race by driving into the back of another vehicle. The car below is fortunately not the car in question!
2. Ferrari 250 GT Spyder – 1961 – £6.19 million
Again, this classic car was bought at auction back in 2008 for $10 million and stored close to a beach in California. Unfortunately, it was destroyed in a hurricane.
3. McLaren F1 – £3 million
You have probably heard of the actor Rowan Atkinson who has starred in Mr Bean and Blackadder. Well, back in August 2011, he crashed the sports car into a tree near Peterborough. At the time, it resulted in the biggest payout by a car insurance company to repair the vehicle amounting to £910,000.
4. Ferrari x 8, Mercedes Benz x 3, Lamborghini – £2.5 million
This multi-car crash took place in December 2011 on a motorway in Japan and involved a number of cars including the above. Apparently, one of the Ferraris at the front lost control and the other vehicles ploughed into the back.
5. Ferrari 250 GT TDF – 1959 – £1.02 million.
This classic car was nicknamed the “Tour de France” and crashed into a wall whilst taking part in the 2003 Shell Ferrari-Maserati Historic Challenge at a racing event in Connecticut, United States.
6. Ferrari Enzo – 2002 to 2004 – £1 million.
A Swedish businessman was travelling at 196mph in Malibu back in 2006 and lost control of the vehicle that has a V12 engine hitting a pole and wrecking the vehicle.
7. Jaguar XJ220: £900,000.
The owner of this car was taking part in the world famous Goodwood Festival of Speed and unfortunately was involved in a crash causing extensive damage to the bonnet.
8. Ferrari F50 – 1995 to 1997 – £850,000
Only 349 of these 520bhp V12 mid-engine sports cars were produced. This vehicle smashed into a lamppost in October 2014 whilst on its way to Silverstone racetrack causing considerable damage to the vehicle.
9. Bugatti Veyron – £830,000
This vehicle similar to the one pictured below is one of the fastest that is legally aloud to drive on our roads being capable of reaching over 250mph. Back in March 2007, one was being driven in Surrey by a relative of the owner who had only taken possession of the car a week earlier. Unfortunately, it was involved in a collision.
10. Pagani Zonda – £669,000.
Only just in excess of 100 of these supercars were ever produced with some capable of reaching over 200mph. The owner of the car was involved in a crash whilst driving it in Hong Kong coming back from a racing event. Apparently, an out of control lorry caused him to drive into a number of cars that were parked.
Those of you fortunate to own one of these types of vehicles may be interested to read that here at AIB Insurance we specialise in arranging insurance cover for many such vehicles and offered tailored solutions for the performance and exotic car owner.
Call the team now on 02380 268351 for an instant quote and cover.
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