Crumpled old car kept in garage for 25 years after tree crash sells for fortune

A crushed 1960s car has sold for nine times its guide price – and could fetch its new owner a whopping £250,000.

The mangled motor had been hidden away in a garage in Hull since 1996.

It sold for £90,000 at auction after first going under the hammer for £10,000.

The XK150 S 3.8 Jaguar Drophead Coupe is so rare that the collector didn’t care that it hasn’t been touched since being slammed into a tree 25 years ago.

The bonnet was crumpled, grill bent and engine shoved back towards the cabin after the crash.

Now the new owner wants to restore the vehicle to its former glory.

After it has been totally repaired and is back on the road it could be worth an eye-watering amount.

Bonhams auction company claim that if the car was made road worthy again then it could be worth up to £250,000.

Rob Hubbard, head of Bonhams MPH, explained to This is Money: “It has all its original leather and the original matching-numbers engine, which needs to be overhauled as it has not started for more than 25 years.

“The steering wheel is broken, from the impact of the crash. However, parts are plentiful and relatively easy to obtain.

“When completely restored the car could be worth between £200,000 and 250,000.”

The 3.8 S version was built between 1959 and 1960 and 282 were produced in total – and only 69 were right-hand-drive Drophead Coupes like the red rubble being auctioned in a few weeks.

So severe was the accident that the driver was luck to walk away from the smash alive.

Its owner never got around to restoring the vintage car, instead keeping it secure in a garage.

Nearly 25 years later, they decided to sell up.

But even after the horror crash, they knew the car had value and had held onto it ever since.

Now it has sold for £90,000 – and after the restoration job is complete, the car’s new owner could really cash in.