An anonymous buyer has recently purchased a classic car for £825,000 via social media with this believed to be the first time that such a sale has been completed directly on social media. Coys Auctioneers arranged for the sale of the car using the Vero platform in this respect.
The vehicle in question was an elegant 1964 Aston Martin DB5 with a body colour of silver birch. It had been on display at the Paris Motor Show – Mondial de L’Automobile 2016 where it was seen by the eventual purchaser. It had been fully restored and was a fine example of this classic sports car. It was in dry storage for 20 years and was not driven during that period. Its engine was rebuilt and an overhaul was carried out of the gearbox and suspension system.
Interestingly, another record has been broken in addition to the one mentioned above as it is believed to be the biggest transaction carried out using Apple Pay.
Coys were also using this platform to sell some other classic vehicles that included a Bentley Continental S2 and a couple of Ferraris – a Daytona and a Dino 246. It will be interesting to see if we will ever witness the likes of a Ferrari 250 GTO be sold for many millions of pounds in this way?
Here at AIB Insurance we have insured many classic and vintage vehicles. So, if you are looking to buy such a car for the first time or your existing classic car insurance is coming up for renewal, why not get in touch with us on 02380 268 351. One of our friendly, experienced members of staff will happily seek to obtain a competitive quote on your behalf from our extensive panel of highly reputable insurance companies without any obligation for your consideration.
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