Rare 1955 Jaguar D-Type set to smash Australian auction record

A rare Jaguar D-Type racer is preparing to go under the hammer, and could become the most expensive car ever sold at auction in Australia. It will be offered at Mossgreen's Motorclassica auction in Melbourne next month.

The market for rare classic cars is alive and well across the world – regular auctions in both the USA and Europe have proven that, and cars frequently change hands for multi-million dollar sums. But it's not just the northern hemisphere where iconic motorcars are sought after, as Australia is getting in on the act.