► Jag E-type sells for £58k
► From hedge-find to hedge-fund!
► Latest news from Coys auction
Further proof that the classic car market has become somewhat overheated in recent months: a Jaguar E-type found under a hedge sold at auction this week for £58,000.
The delapidated 1963 coupe was ‘discovered’ under a hedge in the Surrey village of Bisley, still bearing its 1969 tax disc from when it was last driven. The somewhat soiled car got telephone bidders into a froth at the Coys Spring Classics sale in London.
The winning bid came from a UK buyer, who intends to restore the 44,870-mile E-type to its former glory. After a root-and-branch overhaul, naturally.
The most expensive cars ever sold at auction
What on earth was the Jag doing under a hedge?
Turns out the car was first bought by Ivor Arbiter, who designed the logo for The Beatles artwork. It then passed through a few owners, until racer Frank Riches bought it; when he burned-out the clutch in 1969, he transferred it to his garden, where it remained under a tarpaulin until rescue in 2015.
Other cars of note sold at the Coys auction this week include a 1984 Lamborghini Countach S (below), which reached £253,800.
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