Ferrari Testarossa once owned by Elton John goes to auction

(March 10, 2013) LONDON — A 1991 Ferrari Testarossa formerly owned by Elton John with only 2,100 miles on the clock is to be sold by international auction house COYS at their Spring Classics sale in London, this week. The 512 Testarossa, which was purchased new by Elton John, is one of 40 cars that will go under the hammer at the Royal Horticultural Society, Lindley Hall, on Tuesday, March 12.

The car only covered a remarkable 1,812 miles while in his ownership but was always subject to an annual service.

It is well known that Elton drove all 28 of the cars in his collection on a regular basis, and gave rides to many other dignitaries and celebrities before they were auctioned off by Christie’s in 2001. The 512 on offer here sold for £98,000 ($146,000) at the time and passed to its current owner.

Having covered a mere 2,100 miles from new, this 512 TR is still reported to be in pristine condition. Finished in the stunning Rosso Corsa with complementary beige interior, it comes with a complete service history and a letter of ownership a
uthenticity from John. Most recently this year it has been serviced at Meridian Ferrari – where it has had its cambelts replaced. This Ferrari is estimated at £90,000 ($134,000) - £110,000 ($164,000).

Chris Routledge the Managing Director of COYS said: “This must be the lowest mileage 512 TR available on the market today, with exceptional ownership provenance. With Ferrari prices continuing to rise, this car offers the opportunity for a real blue chip investment. Unique.”

The sale will also feature two Ferrari Dino's, arguably one of the most beautiful Ferraris built to date. The first example is a 1969 Ferrari Dino 206 GT, one of only 152 models produced, which was once owned by Canadian film director David Cronenberg and is estimated at £180,000 to £210,000.

The second model is a 1974 Ferrari Dino 246 GTS in the distinctive "French racing blue", estimated at £170,000 to £180,000. This Ferraris are becoming one of the most sought after examples of this marque and would be a sensible investment for the future.