Someone Paid N53m To Own This Crumpled 1960 Jaguar XK150 That Was Crashed 25 Years Ago

Someone paid £90k (N53m) at ‘drive through’ auction to own this crumpled 1960 Jaguar XK150 Coupe that was crashed 25 years ago.

The Coupe sold for nine times the guide price and could be worth up to £250,000 (N144.6m) if fully restored.

An unnamed collector has splashed out a staggering £90,000 (N53 million) to own a mangled and twisted vintage Jaguar that was crashed by its last owner in 1996.

The ultra-rare 1960 XK150 S 3.8 Drophead Coupe was kept in a garage and was never repaired since the owner skidded off the road and slammed it into a tree 25 years ago.

Despite the crumpled bonnet, bent grille and missing headlights, the mangled Jaguar still sold for nine times the £10,000 pre-sale guide price for the car.

• See Also : Drake’s And Davido’s RR Cullinan, Billionaire Okeowo’s Car Collection, Here Are News In May You Have Missed

The smashed-up Jag was sold at a live ‘drive through’ Bonhams MPH Auction in Bicester, Oxfordshire, meaning each of the cars on sale was driven in front of bidders so they can hear each one being started up and running.

According to the selling auctioneer, the 61-year car, with 115,763 miles on the odometer, could be worth up to £250,000 (N144.6 million) if fully restored.

1960 Jaguar XK 150 S 3.8 Drophead

How it will look when fully restored

In all, just 282 units of this 1960 Jaguar XK 150 S 3.8 Drophead Coupe were built from 1959 to 1960 in Coventry.

According to The Motor magazine in 1959, it cost approximately £2,100 brand new. It now has a claimed value of £200k-£250k in 2021.

Would You Pay N53m To Own This Crumpled 1960 Jaguar XK150 That Was Crashed 25 Years Ago?

• See Also : Emir of Kano Abdullahi Bayero Posing With His Customized Morris 8 Gift In 1935