Aston Martin DB4 Sold For Record $4.85 Million image

This weekend an Aston Martin DB4 was sold for a record $4.85 million and other Aston Martin classic sports cars fetched thousands of dollars.

A dusty 1964 DB5 was discovered in an old garage, after 30 years, and even if it had a mouse nest in its engine bay, it still fetched 320,700 pounds ($486,469) at the Bonhams auction house in the UK. Another vehicle, a 1966 DB6 Vantage Sports Saloon Project, also forgotten for 30 years, was sold for 107,900 pounds.

Collectors of classic sports cars are attracted to Aston Martin model mainly for the association made with the ‘007’. The prices for such vehicles have increased a lot as the cars are viewed as popular alternative investments.

“The DB5 is one of the models that has led value increases in the classic-car market,” Neil Dickens, co-director of the Wiltshire-based dealership the Hairpin Company, said before the event. “The market for this marque is as strong as you could hope for, with the possible exception of Ferrari.”

The one-of-a-kind DB4GT “Jet” Coupe, estimated between 2.8 million pounds and 3.8 million pounds, fetched 3.2 million pounds at the automaker’s 14th annual sale from Newport Pagnell plant, Buckinghamshire. The vehicle was created for the 1961 Geneva Motor Show and then sold from a collector’s estate.

Source: Bloomberg