Scottish peer set to make £17 million from classic car sale

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Scottish peer set to make £17 million from classic car sale

Irvine Laidlaw, a Scottish peer and businessman, is auctioning off a collection of rare vintage motorcars that could net him over £17 million.

The Banffshire mill owner's son made his fortune in publishing and sold the Institute for International Research in 2005 for £714 million. It is reported that he is currently worth around £770 million.
> Despite his massive wealth, he has decided to pass on his stunning collection so it remains in use and as a result, RM Auctions is hosting a sale that includes a 1955 Jaguar D-Type, which was driven in period by Duncan Hamilton, Paul Frere and Peter Sutcliffe.

The car was raced at Silverstone and the Nurburgring during its time and is expected to fetch around £6 million, making it the most expensive British car ever sold at auction.

Other glorious rarities featured in the sale include: A 1958 Maserati 250S, which was driven by motorsport icons Carroll Shelby and Jim Hall, offered with an estimate of between £2.5 and £3 million; a Maserati Tipo 61 'Birdcage'; a 1967 Ferrari 275 GTB/C and a beautiful 1965 Porsche 904/6, which competed at the 1965 Le Mans.

Most of the cars included in the auction have been piloted by names now synonymous with racing folklore as well as entered into competitions more recently by the Tory peer.

Scottish peer set to make £17 million from classic car sale

Lord Laidlaw has given up motor racing and is selling the cars so someone else can enjoy them. He said: "I don't regard myself as a collector. I am a car enthusiast and as an enthusiast I want to exercise my cars regularly, rather than gloat over them in the garage.

"So I have decided to sell the remaining competition cars and have consigned them to RM for auction as these are international cars, and RM is able to access buyers from all over the world."

Interested parties should head to Battersea Park, London on 7th - 9th September to witness the amazing collection in situ.