Richard Hammond sells classic cars for £230,000 in auction to raise money for new business

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    The Grand Tour presenter auctioned off five motorbikes and three cars from his own collection. This was done over the weekend at Silverstone Auctions in order to raise money for his newest endeavour, The Smallest Cog.

    Through the sale of his eight vehicles, he raised a whopping £231,000.

    The most expensive sale was his famed 1999 Lotus Esprit Sport 350, which sold for £65,250.

    It is number five of only 48 examples built and comes with a full engine rebuild and is in superb condition inside and out.

    In a close second, his metallic silver 1969 Porsche 911T was sold for £60,750.

    READ MORE: Richard Hammond to sell collection to fund restoration business

    His five motorbikes sold for a combined total of £72,719.

    Headlining his motorbike collection was his 2019 Norton Dominator 961 Street Limited Edition which went under the hammer for £25,650. 

    The limited edition model was number 50 out of only 50 made, which Hammond bought himself for his 50th birthday.

    Also up for auction was his 1932 Velocette KSS Mk1, which eventually sold for £9,225.

    The pre-war motorcycle was restored to a “very high standard” and was said to be in good running order.

    On Twitter, Silverstone Auctions said: “Three days of superb auctions, world-records achieved, motorcycles, classic cars and competition cars all crossed the block.

    “And not forgetting having the opportunity to sell the Richard Hammond Collection – we have loved every moment of it!”

    Whilst at the auction, Richard Hammond was filming for his DriveTribe YouTube channel and his upcoming Discovery+ TV show.

    Richard Hammond’s Workshop is set to air on the streaming service later this year and will showcase him and The Smallest Cog.

    The company will focus on the restoration of classic cars, something which he is more than used to doing. 

    The Smallest Cog was inspired by his grandfather, who was a coachbuilder in Birmingham and West Bromwich.

    Other vehicles were sold at the Silverstone Auctions over the weekend, including a 1997 Porsche 911.

    The Porsche was only one of 45 made and sold for £652,500, a record high for the weekend.



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