Richard Hammond sells classic cars for £ 230,000 at auction to raise money for new business
The presenter of the Grand Tour has auctioned five motorcycles and three cars from his own collection. This was done over the weekend at Silverstone Auctions in order to raise money for his new business, The Smallest Cog.
Through the sale of his eight vehicles he has raised Â£ 231,000.
The most expensive sale was its famous 1999 Lotus Esprit Sport 350, which sold for Â£ 65,250.
This is number five of the 48 units built and comes with a fully rebuilt engine and is in superb condition inside and out.
As a second step, his 1969 Porsche 911T in metallic silver was sold for Â£ 60,750.
READ MORE: Richard Hammond to sell collection to fund restoration business
His five motorcycles sold for a combined total of Â£ 72,719.
Headlining his motorcycle collection was his limited edition Norton Dominator 961 Street 2019 which went under the hammer for Â£ 25,650.
The limited edition model was number 50 out of just 50 made, which Hammond bought himself for his 50th birthday.
Also up for auction was his 1932 Velocette KSS Mk1, which ultimately sold for Â£ 9,225.
The pre-war motorcycle has been restored to a “very high standard” and is said to have been in good working order.
On Twitter, Silverstone Auctions said: âThree days of great auctions, world records set, motorcycles, classic cars and competition cars have all taken the plunge.
âAnd not to mention having the opportunity to sell the Richard Hammond collection – we loved every moment of it!
At the auction, Richard Hammond was filming for his DriveTribe YouTube channel and his upcoming Discovery + TV show.
Richard Hammond’s Workshop is slated to air on the streaming service later this year and will feature him and The Smallest Cog.
The company will focus on restoring classic cars, which he is more than used to.
The Smallest Cog was inspired by his grandfather, who was a bodybuilder in Birmingham and West Bromwich.
Other vehicles were auctioned off at Silverstone this weekend, including a 1997 Porsche 911.
The Porsche was just one of 45 manufactured and sold for Â£ 652,500, a record for the weekend.