1981 DeLorean DMC12 beats estimate by 22.4% at classic car auction
A 1981 DeLorean DMC12 sold for $47,300 at a classic car auction in the UK on April 19
Paul Fraser Collectibles, Friday 20 April 2012
A 1981 DeLorean DMC12 has beaten its £24,000 high estimate by 22.4% at a classic car sale in Buxton, Derbyshire, UK.
The vehicle, which features the iconic DeLorean polished aluminium bodywork and grey trim colour, sold for £29,380 at the April 19 auction.
Made famous for all time by the Back To The Future films of the 1980s, the DMC-12 is a star in its own right.
Featuring one of the most unique designs of the 1980s, including gull-wing doors, the vehicle was powered by a 130 bhp Peugeot-Renault-Volvo engine.
Car collectors are also enraptured by the controversial legacy of the DMC-12's creator, entrepreneur John DeLorean.
After a period of great hype and mixed reviews, production of the DMC-12 came to a halt in 1982. The company faced bankruptcy and John DeLorean was arrested on drug trafficking charges.
A replica of the film series' DeLorean time machine car once auctioned for $112,920.
This week's auction also featured a superb 1970 Aston Martin DB6 Mark 2 Vantage, featuring just 38,000 on the clock, which sold for £210,000.
A 1988 Aston Martin V8 Vantage Volante X-Pack 6.3, capable of 0-60 mph in just 5.4 seconds, achieved £123,200.
The classic car market is an exciting place at the moment. Values rose 13.89% last year, according to the HAGI Top 50 Index, the Historic Auto Group's price index of leading classic cars.
We will continue to keep you abreast of all the major developments in the classic car world, so make sure you check back here regularly.
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