David Cameron's Fiat 500 to beat $19,000 estimate?

A classic Fiat 500 L, once owned by current British Prime Minister David Cameron, is coming to auction in the UK.

Cameron bought the 1971-built machine as a present for his wife in 1998, when he was still to win his seat as an MP.

David Cameron Fiat 500
"No matter what your political persuasion, this is one cool car"

Fully restored by the consignor and with just 13,000 miles on the clock, the car is expected to make between £8,000-12,000 ($12,812-19,219) when it goes under the hammer at Silverstone Auctions on November 17.

We feel the estimate is on the low side. Similar restored examples from 1971 can sell for around £6,000 ($9,500) and a famous former owner can add major sums to the price of a vehicle.

A 2001 VW Golf once owned by Kate Middleton received bids of £48,100 ($77,000) when it appeared on eBay last year, while a 1971 Fiat 500 formerly owned by the Prince of Monaco sold for €26,274 ($33,750) in July.

While Cameron's name currently lacks the cachet of royalty when it comes to collectibles, nevertheless the Fiat should capture the interest of political memorabilia buyers, or car collectors with an eye on the unusual.

Nick Whale, the auction house's managing director, commented: "No matter what your political persuasion, this is one cool car. It's not every day that you get the chance to bid for a car that was once owned by a global figure.

"For one lucky new owner this stylish little Fiat will offer many years of happy motoring, whilst also being a genuine investment because of its illustrious history."

To obtain your own piece of political memorabilia today, take a look at our fascinating stock items.

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