Classic cars sell for £700,000

Classic cars sell for £700,000

A classic car collector has made nearly £700,000 after he sold the entire collection of a car museum he set up 12 years ago.

Stephen Johns, a businessman who used to run a pyjama manufacturing company in West Yorkshire, started the Exmoor Classic Car Museum in Porlock, Somerset, as a retirement project when he moved to the West Country.

The whole collection went under the hammer at auction house Bonhams' Beaulieu Sale in Hampshire last weekend.

Highlights of the sale included a 1927 Bugatti Type 40 Roadster, which sold for £149,340, a 1923 Rolls Royce 20hp Doctor's Coupe, which went for £57,500, and a 1972 Ferrari Dino 246GTS Spider that was bought for £144,860.

The whole collection, which consisted of 10 cars, 13 motorcycles and other items, fetched £667,128.

Tim Schofield, director of the Bonhams motor car department, said: "We were privileged to offer Stephen Johns's collection for sale at Beaulieu and we were delighted to see it achieve the prices it did. We wish him the very best for his 'second retirement'."

Copyright Press Association 2012