1963 Jaguar E-Type Becomes The Most Expensive E-Type Sold At A Public Auction For More Than $7 Million

Jan 23, 2017 06:10 AM EST | Andrew Davis

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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.

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.

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