A recently discovered 1964 Aston Martin DB5, which has been in hibernation since 1980, is expected to fetch between £150,000 and £200,000 (P9.6 million and P12.8 million) when it goes under the gavel at the 14th annual Bonhams sale of Aston Martin cars at the automaker's Newport Pagnell headquarters in Buckinghamshire in the UK on May 18.
According to the auction house, the original-condition DB5 was bought by its most recent owner for £1,500 in 1972. After being used in the 1970s, the car has been stored in the owner's garage since 1980 where it remained untouched until recently. After careful preparation, the car's engine was fired up with the now-deceased owner's daughters witnessing the occasion. With less than 48,000 miles (less than 77,200km) in its odometer, the car is now being auctioned off in good condition but in need of restoration.
Bonhams added that, with fully restored examples of the DB5 selling for over £320,000 (P20.6 million), the car "represents a rewarding restoration project for a true Aston Martin enthusiast."
"The Bonhams Motor Car department has handled the sale of numerous 'barn-find' Aston Martins over the past 15 years, but none of them have been in as good condition as this DB5," said Bonhams group motoring director James Knight. "It requires restoration in the true sense of the word, restoring existing original components as opposed to replacing them. There is a growing appreciation of preserving cars to remain as original as possible, and this is an ideal candidate."