August 09, 2017 at 12:58 PM

A 1987 Ford Sierra RS500 Cosworth Sells for a massive £115,000 at Silverstone auction - a new British record and six times more than the original owner paid.

The rare 153mph RS500 Cosworth (No 387) with only 10,733 miles on the clock was bought by an Australian bidder over the weekend for an eye-watering £114,750. The classic Ford, distinguished by its huge whale-tale rear wing, has only covered 666 miles since it was last MOT'd in September 1991. 

The record-breaking RS500 was sold is one of only 500 rear-wheel drive race-car-for-the-road versions of the Sierra family hatchbacks that struggled to sell in the early 1980s. In order to enter the motorsport world, in a bid to boost Ford's marketing efforts, 5,000 units were required to meet homologation requirements. The Sierra Cosworth exceeded Ford's expectations and even today is recognised as one of the most successful 'Touring Car' racers of all time, taking victory all over the world. 

According to Silverstone Auctions, this 1987 example was owned for 29 years by 'one of the world's wealthiest men who had extensive business interests in Ireland and India'. Number 387 started life with Haynes of Maidstone who delivered it to the first keeper, Mr. K P Souter, a local businessman who ran the Cosworth for 13 months before joining the English country estate of the previously mentioned businessman, only used occasionally by him and his family. However, in 1991, the RS500 was parked and remained untouched for 26 years, apart from an MOT on 12th September 1991.

The Cosworth Sierra wasn't the only Ford to go under the hammer at the Silverstone Auction, it was joined by a more recent RS500 - a limited edition 2010 Ford Focus RS with a mere 128 miles (206kms) on the clock, which sold for £54,000. That's £18,250 more than it was bought for brand-new. The RS500 features a 345bhp, 2.5-litre, 5-cylinder engine, which generates 15% more power than the standard Focus RS. Number 70 of 500 was originally delivered to Switzerland, therefore is a left-hand drive example, but was registered for the first time in the UK this year and was sold with all the relevant UK paperwork including V5C and MOT.

Furthermore, the weekend also saw an E-reg Ford Capri 280 Brooklands smash the previous world record fee paid for a Ford Capri.  

Never repaired or resprayed, the Ford Capri was labelled by Silverstone Auctions as 'the best Capri Brooklands we have ever seen', the 1987 model has only clocked up 14,680 miles from new, having been owned by its previous keeper for 8 years. For the record-breaking sum of £55,125, the Ford Capri's new keeper will also receive every MoT certificate, tax disc ever issued for it, along with a full dealer service history.

The final Ford to sell for big money at Silverstone Auctions over the weekend was a 1973 MK1 Ford Escort Mexico, which sold for £34,312.

Silverstone Auctions say sporty cars from the 80s and 90s are getting increasingly sought after and are some of the fastest appreciating cars in the current classics market.

Full story here


Category: News