1980s Ford Sierra sells for £115,000 – six times the original cost 0

A Ford Sierra has sold for £115,000 – six times the amount in cost when new in 1987.

Initially expected to fetch around £70,000, a bidding frenzy resulted in the price inflating to the final, whopping figure.

The Sierra originally cost £20,000 when new; the early 1990s saw its value drop to around £10k.

Always tagged with the slightly unwanted tag of a car for ‘boy racers’ – its stock has risen in subsequent years.

This edition, capable of 153mph and with just 11,000 miles on the clock was one a series of formerly unremarkable cars to sell for considerable sums at the auction at Silverstone.

A 1988 Peugeot 205 GTI hot hatch, with a 1.9-litre engine, went for £38,480. A 1991 Lotus Carlton, the supped up version of the Vauxhall saloon went for £72,000 and a 2010 Ford Focus RS500 sold for £54,000 – £20,000 more than it originally sold for seven years ago.

Silverstone Auctions says the sports cars of the 80s and 90s are becoming increasingly desirable amongst collectors; many are the fastest appreciating classics currently on the market.

Nick Whale, managing director of Silverstone Auctions, said: “It was an incredibly successful weekend, and we’re thrilled with the results.

“I’d like to thank our vendors and bidders for taking part in a fantastic sale, and I have to say our team did a fabulous job bringing such a quality selection of vehicles to auction on our biggest weekend of the year at the Silverstone Classic.”

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