I am at the Amelia Island Concours event and Sotheby's had an auction that earned a record breaking $60 million. One of the cars auctioned was a 1967 E-Type which sold for $181,500.

But this 1955 Jaguar D-Type sold for...cough, cough,....$3,675,000.

 

Won't do most of us any good to hold on to them for that long. We'll be long gone by then.

 

The only way I'd ever own a car that was worth that much money (due to low miles and being garaged and trailered) would be if I bought two of them. One to "collect and show" and the other to drive.

All my cars get driven like a real car should!

 

No modern production car that you can buy of the lot will be ever such a collectors item. Only the ones that you have to be on a list for to get them and I do not mean being on a list because the sale for it has not started but because it is the only you can get one a la 918, P1 etc....

 

The Project 7 may fit that category.

 

I'm guessing that D-Type has some historical significance? Maybe won some races? Who knows...in 50 years, the ICE will be gone...so there well may be a market for big HP petro burning cars like the F-Type, C7s, etc.

 

You are correct about the history. Le Mans. Mille Miglia. But there were even some 1980s Porsches pulling high prices.

Here is a link to all the cars that sold including their history

Results - Amelia Island 2015 | Classic Car Auctions | RM Sotheby's

 

I plan on setting up an Investment fund that purely invests in collectable cars. Over the years the collector car market has significantly outperformed the stock market....and as a perk I get to drive them.

 

Well the Jaguar D Type was an amazing car. It was the car that dominated LeMans and that led Mercedes to quit professional racing after years at the top. It was a jaguar that intimidated Mercedes with superior technology as well as superior performance!

 

It was my understanding that Mercedes withdrew from competition as an act of contrition for killing 83 spectators and driver Pierre Levegh at the 1955 LeMans. All the major marques, including the SLR were setting track records at speeds exceeding 300 kph (our F-Types don't seem so special by comparison). The D-Type's marginal advantage over the SLR for the couple of years leading up to that race was not due to power or handling, but due the disc brakes employed (in place of drums), an issue Mercedes was still addressing. In fact, it was Mike Hawthorn last second decision in the D-Type to brake hard for a fuel stop that initiated a chain reaction that turned the SLR into a massive and fiery collection of shrapnel aimed at the spectator stand. Truly, a dark day in motoring history.

 

Well, I'm pleased...