Iconic 205 GTI breaks world record at auction
An auction of classic cars took place at the Silverstone circuit over the weekend and what an amazing couple of days it turned out to be for the hot hatch.
Arguably, the most impressive sale was a 1988 Peugeot 205 GTI, which managed to break the world record for the marque, selling for a staggering £38,480 on the day – it was only last year that another example of the 80s French classic sold for £7,000 less.
Reaching a sale price close to £40,000 shows us just how competitive the classic car market has now become.
The 205 that sold over the weekend was the much sought after 1.9 litre version of this incredibly popular hot hatch and had just 5,726 miles on the clock, however it still managed to sell for double the price estimated by classic car valuation tools regarding an example in ‘concours’ condition.
The little GTI looks exactly like it would have done when it drove out of the showroom all those years ago, with its 128bhp engine, alpine white paintwork, red ‘Quattro’ velour and grey leather seats, lightweight Speedline alloy wheels and NO sunroof (back in the day these tended to leak)!
The original owner of the Peugeot hot hatch was a lady from Ipswich, who actually won the car as a prize 29 years ago. It turned out that she didn’t even have a driving licence, leading to the story grabbing the headlines in a local newspaper: ‘Winner of £10,000 car cannot drive!’
Hopefully, the lucky new owner does have the necessary paperwork to be able to drive this classic car home.
Other highlights of the sale include a 1987 Ford Sierra RS 500 Cosworth, in black, which made over £115,000 and a 1990 Lotus Carlton, still on its original tyres, which was knocked down at £78,000.
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