British car auction site reveals its 30 supercars which broke the million-dollar mark, including Rod Stewart and Jamiroquai singer Jay Kay’s old motors
British car auction site reveals its 30 supercars which broke the million-dollar mark, including Rod Stewart and Jamiroquai singer Jay Kay’s old motors
A flash Ferrari once owned by Rod Stewart and a stylish Porsche driven by Jenson Button are among the most expensive cars sold by a British car auction site.
Collecting Cars, which is celebrating five years of global online auctions, has unveiled its 30 supercars that broke the million-dollar mark.
The auction site sold its first motor back in 2019 and since then has recorded sales of more than $1billion, with the total value of its million-dollar car sales having soared past $55m (£42m).
Ferrari claims the top three places on the list, with the pop singer’s old motor on top with a record sale of $3,822,650 (£2.92m), while a $2.9m (£2.2m) Enzo and a $2m (£1.5m) F40 occupy second and third places.
The list also includes a 2016 Ferrari F12 TDF formerly owned by Jamiroquai singer Jay Kay that sold for $1.02m (£785,000) as well as Jenson Button’s silver Porsche Carrera GT, which went under the hammer for just over $1m (£769,000) in 2021.
Collecting Cars founder Edward Lovett said: ‘Supercar fanatics call it a road-legal F1, and it’s not hard to see why. This is one of the most visceral road-legal cars ever designed and it’s no wonder Rod fell in love at first sight.
‘Rod Stewart sold the Ferrari in 2002, but he could have made millions had he held onto it. The car cost Rod approximately $500,000 (£384,000) back in 1997 and went on to fetch more than seven times that some 26 years later.
‘That’s an increase in value of approximately $3.3m (£2.5million) or a nominal annual return of close to 8%.
‘The rise of online auctions means there are no borders anymore when it comes to connecting buyers and sellers.
‘We’ve sold more than 23,000 lots in a few short years and we’re still expanding our international presence.
‘Online auctions offer access to lots across the globe, reducing friction and increasing transparency while lowering the cost of transacting.’
Collecting Cars is part of The Collecting Group which has recorded sales of more than $1billion across 100 bidder companies since its first auction five years ago.
Today, the total value of million-dollar car sales via the platform has soared past $55m (£42m). The Collecting Group now has more than 284,000 registered users, and has sold more than 23,000 lots.