Two years after it sold at auction for £551,250, a Ferrari 365 GTB/4 Daytona formerly owned by Sir Elton John is back at auction with a reduced estimate.
The 1972 Ferrari Daytona went under the hammer at a Silverstone Auctions sale in July 2017 but is now being offered from a deceased estate.
With a pre-auction estimate of £425,000 to £475,000, is this a sign that the classic car market is in decline? Or is it simply a case of common sense prevailing? Goodbye Yellow Brick road and crazy auction prices?
We’ll find out when the Ferrari Daytona returns to the market at the Dallas Burton Polo Club on 21 September.
Sir Elton John’s first Ferrari?
Early registration information identifies Elton John of Wentworth, Surrey, as the recorded owner and keeper of the car from 1973 to 1975. It believed that it was the Rocket Man’s first Ferrari.
It’s one of 158 genuine right-hand-drive UK-supplied Daytonas and comes with the factory build sheets, order forms and every Ferrari service and receipt. It has covered 82,000 pampered miles.
“Sir Elton John famously has a long affinity with Ferrari, having owned several range-topping V12 models that included a 365 BB, Testarossa and 512 TR over the years,” said Arwel Richards, Silverstone Auctions classic car specialist.
“The history file is exceptionally detailed and is a testament to the care of the previous owners in collating the car’s file as much as caring for the car’s condition for 47 years.
“We had the honour of selling the car in 2017 and it was bought by a young collector, Mr Harris, with the car stabled among his 1974 Ferrari 264 Dino, 1991 Ferrari Testarossa and several Porsches. Sadly Mr Harris died this year and we are offering the car on the behalf of his family.”
When and where can you buy Sir Elton’s Ferrari Daytona?
The Silverstone Auctions sale of Ferrari and Porsche 2019 takes place on 21 September at the Dallas Burston Polo Club in Warwickshire.
Other Ferrari lots include a 512 BB with an estimate of £190,000 to £220,000, and a one-owner 550 Maranello that’s expected to sell for between £120,000 and £140,000.