1959 Cooper Monaco racing car makes $342,000

A 1959 Cooper Monaco racing car sold for £219,375 ($341,786) at Silverstone Auctions on July 25.

The lot headlined a major sale of classic cars at the legendary racing track in the run-up to the 2015 Silverstone Classic.

Cooper Monaco racing
The 1959 Cooper Monaco has been raced for over 60 years

The auction house explained: "In November 1958, the Cooper Car Company launched the T49 MkI as the successor to the successful 'Bobtail'.

"Featuring the coventry Climax two litre engine, all aluminium bodywork and a notorious short wheel base, it was regarded as amazingly low and light for the period and was very successful straight away on track, notably in the capable hands of Sir Stirling Moss."

The car has been extensively competed by drivers including Graeme Dodd and Jeffrey Pattinson over the course of its long career.  

Other lots included an ex-Gordon Spice 1979 Ford Capri GRP 1 that sold for £92,250 ($143,725) - a new world record for the model.

Spice was a well-known British saloon car racer who built a series of highly successful racing Capris during the 1970s and 1980s.

This model was raced at a number of high-profile events throughout Europe, including Nivelles and the Le Mans 4 Hours.

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