British PM's old Fiat fetches big price

Last updated 14:35 20/11/2012
The Fiat 500 previously owned by British Prime Minister David Cameron.

INFLATION: The Fiat 500 previously owned by British Prime Minister David Cameron which has sold at auction for NZ$35,900, more than double its expected price.

This stunning jet black 1960 Aston Martin DB4 Series II, one of only 351 produced, has sold for NZ$435,200 at auction in the UK.
SOLD: This stunning jet black 1960 Aston Martin DB4 Series II, one of only 351 produced, has sold for NZ$435,200 at auction in the UK.

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A 1971 Fiat 500 L once owned by British Prime Minister David Cameron has sold for more than twice its expected price at an auction in England.

The car, which was bought by Cameron in 1998 as a surprise birthday present for his wife Samantha, eventually sold for £18,480 (NZ$35,900), well above its pre-auction estimate of £8000 (NZ$15,545).

"Of course, David Cameron's old car was always going to generate a great deal of interest because of its fascinating history but it was almost out performed by another 1971 Fiat 500 L, rebuilt to concours standard, which made £17,000 (NZ$33,033),'' Nick Whale, managing director of Silverstone Auctions, said.

The sale of the little Fiats came at the same time the company announced that the 500 had reached the production milestone of one million. The one millionth 500 rolled off the Fiat production line in Poland and is a Lounge version "dressed" in "funk white".

Other highlights from the Silverstone auction included a stunning Jet Black 1960 Aston Martin DB4 Series II, one of only 351 produced, which fetched £224,000 (NZ$435,200), and a concours-winning 1997 Ferrari 456 GTA which was sold for £41,200 (NZ$80,000).

Meanwhile, four Volkswagen Beetles on offer also proved very popular. They included two models from the 1970's which sold for £8690 (NZ$16,800) and £5500 (NZ$9714), while two superb examples from the 1950's did even better, making £12,650 (NZ$24,400) and £23,100 (NZ$44,875).

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