A 1950 Aston Martin that raced twice at Le Mans sold for 550,000 pounds ($900,000) at an auction in London last night as demand contracted for other high-value classic cars.
The dark blue DB2 Team Car came fifth and third in the French 24-hour race in 1950 and 1951 respectively. It was offered with a low estimate of 250,000 pounds by RM Auctions, in association with Sotheby’s, at its annual “Automobiles of London” sale in Battersea Park.
The classic British racer had been owned by Aston Martin’s chairman David Brown, who coined the “DB” marque, and had been kept unrestored in the same private collection for the last 52 years.
“It was a strong price,” said Simon Kidston, a Geneva- based classic car adviser. “The purchase will give the buyer instant access to exclusive racing events like the Le Mans Classic,” Kidston said in an interview.
The sale raised a total of 10.9 million pounds with fees, with 81 percent of the cars successful, RM said. These figures include lots that were sold after the auction, such as a 1925 Alfa Romeo 6C 1750 GS that found a buyer later in the evening at 522,500 pounds, said RM. No figures were available for the number of lots left unsold at the end of the auction. The presale estimate for the event, which included 84 cars and 37 lots of memorabilia, was 10 million pounds.