Updated: 23/11/2012 14:23 | By motoringresearch.com

David Cameron’s Fiat 500 sells for £18,000

PM's old Fiat sells for more than DOUBLE what experts thought

David Cameron’s Fiat 500 sells for £18,000

The Fiat 500 David Cameron bought for his wife Samantha has just sold for £18,000 at auction – a cool £10,000 more than auctioneers estimated.

The final sale price of £18,480 was part of a £1.32 million sales bounty at the recent NEC Classic Car Show auction hosted by Silverstone Auctions.

Millionth Fiat 500 rolls off the production line

David Cameron’s Fiat 500 up for sale

The PM bought the Fiat 500 for his wife Samantha as a birthday present back in 1998. Since then, the Camerons only covered 1,000 miles in the car, which auctioneers described as being in great condition.

Nick Whale, MD of Silverstone Auction, admitted “David Cameron’s old car was always going to generate a great deal of interest because of its fascinating history.”

However, he added, it wasn’t necessarily the car’s provenance that led to the heady sale price. “It was almost out performed by another 1971 Fiat 500 L, rebuilt to concours standard, which made £17,000.

“It surely proves that these stylish little cars are very desirable in their own right.”

Despite only 41 of the 64 cars up for auction actually selling – a 64% sale rate – Whale said the auction had still been a success. “We’re extremely proud of our achievements at this auction, the first of its type in the show’s history. It really was a fantastic success and we look forward to returning next year.”

Other highlights included a one-on-351 1960 Aston Martin DB4 Series II, which made £224,000, and a concours 1997 Ferrari 456 GTA which was sold for £41,200.

FOUR Volkswagen Beetles were also sold. Two 1970s models made £8,690 and £5,500, while two cars from the 1950s did even better, making £12,650 and £23,100.

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