An incredibly rare 1963 Jaguar E-type broke auction records as the most expensive E-type and the most valuable post-1960 car sold. Arguably, one of the most coveted cars of all time was bought by a phone bidder for $7,370,000 (£5,979,662) during Bonhams' 2017 Arizona Auction Week sale last Thursday.
The car was a 1963 Jaguar E-Type Lightweight Competition and is one of the most iconic sports cars of all time. It was even called by Enzo Ferrari as the best-looking vehicle in the world, according to the DailyMail. The car was sold for 50 to 100 times more compared with the standard E-type vehicle.
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This particular vehicle has only driven 4000 miles. Since then, it has been stowed away in the United States for more than two decades. However, during the 1963 Jaguar E-type's peak moments, this original Factory Lightweight won the 1963 Australian GT Championship. Its particular history adds a unique value to this rare vehicle.
The 1963 Jaguar E-type's engine packs a 3.8-liter engine developing more than 300 bhp. It has a 6-second 0-60mph dash time, with a top speed of more than 150mph.
Originally, there were supposed to be 18 "Lightweight Competition" E-type models that were initially planned to be built. But the Jaguar ended up with only 12 actually leaving its production line. Currently, only 11 remain in existence.
In 2014, a decision to build the remaining six lightweight models with exact specifications as those of the 1963-1964 vehicles was announced. In fact, all 6 Jaguar E-type were quickly sold with no more than £1 million each, according to Express UK.
This rare 1963 Jaguar E-type was designed with a stripped back and was made to out bid the Ferrari on the race track. It has now become one of the most valuable British cars ever that was sold publicly.