Classic Car News: MGB Joins Supercar Status

Classic Car News: MGB Joins Supercar Status

One of Britain's best-loved sports cars has sold at auction for over 140,000, according to the Telegraph website, well above its auction estimate. The 1964 model is one of 387,000 MBG tourers produced in the 18 years from 1962 and encompasses the long-lived secret of its astonishing value.

The mystery of the MG's success lies in its unique history. Confirmed as the last-known genuine works MGB rally car, it competed in major international competitions until being consigned to a garage in 1975.

Classic car enthusiasts perish the thought of seeing vintage motors go to ruin, which is why this magnificent machine was sympathetically restored with "meticulous attention to detail", reports the Telegraph website.

The fully refurbished MBG oozes 60's appeal and in terms of investment potential this classic motor shows oodles of it. True investment potential depends on how attractive, how unique and how unrepeatable a car is, which is why this truly exceptional classic car sold for a staggering 167 times greater than the cost at the time of manufacture.

Historics auction director Edward Bridger-Stille revealed that the car had "no expense spared" when being restored to its original beauty, meaning this beautiful piece of history would be appreciated by any classic car enthusiast. According to AutoBulbsDirect.co.uk, "the buzz in the auction hall when this car was offered was astounding, but nothing compared with the scale of the bidding, which went sky high".

If you want super competitive classic car insurance, call Sureterm Direct free on 0800 999 2030 or click here for an online classic car insurance quote.

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