Dusty Old Cars In £1million Sale

Tue 7th Sep 2021

An impressive collection of 174 vehicles which have been stored in a warehouse for decades is set to go under the hammer with estimates expecting the auction to bring in more than £1m for a mystery seller.

Vehicles dating back to the 1940s are on offer in the bizarre auction which reportedly has cars for sale which could fetch up to £25,000 each. The collection, which is stored in a warehouse in North London includes a wide range of classics, including a 1960 MG MGA 1600 petrol, which i expected to the star car of the auction. Underneath the dust is a red sports car which could attract bids in the region of £25k. Other vehicles in the warehouse include a 1975 Mercedes, a 1989 BMW and a 1973 Porsche 911.

The sale has been arranged by Freddie Fison, who is putting on the auction for an unnamed family friend. The sale is taking place as the local council has requested back the warehouse which is storing all the vehicles.

Speaking to The Daily Mail, Fison said: “Essentially it’s a local businessman’s private collection. Over the last ten years he decided to build his collection, I think starting off with a Mercedes SL, having seen the popularity with the Pagoda and how that raised in price, thought that would be a big investment and obviously a passion project.

“[The owner] loves his cars, and since then has been collecting more and more.

“They were stored in a council-owned warehouse and the council are now redeveloping the area and said we need the warehouse back – all 45,000 sq ft.

“Trying to find a new home for an indoor space in London for that size is not going to happen – times have changed in ten years.”

While it is unsure as to whether there are any bargains to be had in the auction, the vehicles come covered in dust and bird droppings, though some are recently taxed and many in full working order.

The vehicles were available to view on Bank Holiday Monday last week, with the auction taking place via sealed bids. The cars have a combined list price of £942,700.