Inaugural Range Rover sold at auction
Fears that the first-ever Range Rover production model would be sold to a foreign buyer and shipped to another country were alleviated recently when the car was sold to a UK-based buyer for £132,250.
The Range Rover, which first took to the roads of the UK in 1970, has been expertly restored and still sits on the original chassis. It was sold at Silverstone Auctions and still bears its chassis number #001, along with the original engine, axles, gearbox, aluminium bonnet and body shell. It has also been restored to its original Olive Green colour after a previous change to Bahama Gold.
There were some serious concerns that the highest bidder would live outside Britain and that the car would spend its days overseas; however, a spokesperson for the auction company has confirmed that the new owner, who wishes to remain anonymous, lives in Britain.
The winning bid, which was made online, was for £115,000 and rose to £132,250 with the addition of the buyer's premium. It is estimated that this is the highest price that has been paid for a Range Rover Classic.
Even though the sale price was high, experts believed that it would go for more. Among these was Chris Bishop, a Land Rover aficionado. He said: "It could easily have had bidders from the Middle East going ballistic over it, but to be honest I think the price it reached is a fair representation of where the market is today."