By Stewart Smith on 2016-03-10 - Stewart was the former motoring editor of the Coventry Telegraph and is now a freelance contributor to Eurekar. He is based in Scotland and specialises in First Drive reviews.
becomes hedge fund
A 1963 Jaguar E-Type found under a hedge in the village of Bisley in Surrey has sold for £58,000 at the Coys Spring Classics auction in London.
The E-Type showed just 44,870miles on the clock and still had the last tax disc on the windscreen which expired in November, 1969.
The car's first owner in May, 1963, was Ivor Arbiter, who owned Drum City and Sound City in London and was the designer of the "drop - T" logo for The Beatles.
Chris Routledge, of Coys, said: "The derelict E-Type attracted attention from all four corners of the world and bidders in a packed auction room and via telephone fought fiercely for it.
"It ended up going to an English collector and Beatles enthusiast who plans to slowly restore it to its former glory."
The classic Jaguar changed owners a couple of times between 1965 and 1967, when it moved to its last owner Frank Riches, who raced it extensively at Oulton Park, Brands Hatch and Blackbushe between 1967 and 1969.
Riches burnt out the clutch and instead of getting it fixed he put the car into storage in a lock up until the 1980s. He then moved it to his garden where is remained under a tarpaulin until it was rescued it in 2015.
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