Tag Archives: Racing

BMW Owned By Racing Legend Sells For Almost £4 Million

John SurteesAt the Goodwood Festival of Speed Sale that took place on the 13th July, a 1957 BMW 507 Roadster with hardtop was sold for a staggering £3,809.500 – just short of £4 million. So, how was such a classic sports car able to achieve such a price?

Well, a major factor was that it had been owned by the late John Surtees CBE who had the vehicle in his possession from new until he died on the 10th March 2017 at the age of 83. Many of you will be aware that John Surtees was renowned as being not only the winner of motorcycle world championships but also was a Formula One World Champion – a feat that only he has achieved.

Mr Surtees was the 500cc motorcycle world champion on four occasions – in 1956, 1958, 1959 and 1960. He later went on to become Formula One World ChampJohn Surteesion in 1964 with Ferrari.

The above classic car was one of only 252 built and was adapted to include Dunlop disc brakes on all four wheels and also had some mechanical work carried out that increased its speed so that it was capable of getting to just over 140mph as Mr Surtees had felt it was not quick enough. It is left hand drive. It is a solver/blue colour and in immaculate condition.

Apparently, following Mr Surtees becoming motorcycle world champion for the first time in 1956 with MV Augusta, he was approached by Count Augusta who offered to buy him a gift and it is believed that the racing team contributed 50% towards the purchase of the above vehicle that originally cost £3,200. It has certainly proved to be a sound investment although perhaps Mr Surtees did not buy it for such a purpose as he no doubt enjoyed driving it.

Here at AIB Insurance, we have arranged classic car insurance on many vehicles. So, if you are looking to insure your vehicle why not give us a call on 02380 268 351 and we will be pleased to provide a competitive quotation from our panel of specialist insurance companies.

 

 

 

Many Classic Motorcycles Sold At Recent Auction

If you are an enthusiastic collector of vintage motorcycles then you may like to know that there were a number of interesting motorbikes sold at Bonhams The Spring Stafford Sale that took place at Staffordshire County Showground on the 21st to 22 April 2018. Below we mention some of the highlights of the auction but further details can be found on Bonhams website. Sales totalled £3,37,045.

A 1970 Clymer Munich 1,177cc TTS “Mammoth” motorcycle that had been restored to a very high standard was sold for £154,940. It is believed to be one of only 150 built in the USA so is very rare. It was capable of reaching a top speed of 120mph.

A 1973 MV Agusta 750S achieved a sale price of £96,700. It has an interesting colour scheme of red, white, blue and crimson so it definitely catches the eye.  Not many of these delightful classic motorcycles were built which is no doubt a factor in why it achieved the sale price it did.

Perhaps the star of the show was a 1931 Brough Superior 981cc SS100 motorbike that was sold for £264,700 exceeding its estimated sale price of £170,000 to £220,000. Three charities benefitted from the sale proceeds – Salvation Army, Royal National Lifeboat Institution and the Search and Rescue Dog Association. This fantastic classic motorcycle was originally owned by Edinburgh Police and had been in the same ownership for in excess of 50 years.

A rare 1926 Coventry-Eagle 981cc Flying-8 motorbike went for £65,340. It had been restored in the 1980s and its last owner had it in their possession since 2013.

A 1955 Vincent 998cc Black Knight & Steib 501 Sidecar was sold for £63,100. Again, this is an extremely rare vehicle. It had been in the same ownership since way back in 1961 but the individual concerned who is 80 years of age was finding it difficult to start this classic motorcycle.

A 1957 ex-works Cecil Sandford FB Mondial 250cc DOHC Grand Prix World Championship Winning Racing Motorcycle achieved a sale price of £92,220. It was raced by Adamo Tursin who was a national champion on 16 occasions.

If you are the proud owner of a classic motorcycle or are looking to buy one for the first time then why not get in touch with us here at AIB Insurance on 02380 268 351 as we can arrange bespoke, competitive insurance cover for your vehicle through our reputable panel of insurers.