Classic Ford Sierra sells for a ridiculous amount at auction that nearly misses the all-time fast-Ford record | Daily News Byte

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A classic Ford Sierra narrowly missed out on an all-time auction record.

The 1988 Ford Sierra RS500 Cosworth was one of only 500 produced and is highly prized by collectors.

This rare Ford Sierra RS500 Cosworth has sold for an incredible amount at auction

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This rare Ford Sierra RS500 Cosworth has sold for an incredible amount at auctionCredit: Collecting cars

The auction took place online at Collecting Cars, the hammer eventually falling at a staggering £124,500.

The all-time record for an RS500 is £127,000 so this car is a near miss.

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There were a frantic 58 bids for the fast Ford as people battled for this fine example.

This particular car has only 13,933 miles on the clock and is in ‘time warp’ condition.

It was on its fifth owner prior to the sale, having owned and loved it for 10 years to date.

The RS500 was a homologation special, meaning it was sold to the public in small numbers to allow Ford to race.

It is powered by a turbocharged 2.0-litre engine producing around 224bhp driving the rear wheels through a five-speed manual gearbox.

The car comes with original owner’s manuals, stamped service booklet, file of maintenance invoices, original sales brochure and original untouched first aid kit inside the parcel shelf.

The buyer will also get an additional set of four genuine alloy wheels fitted with period-correct tires.

The advert reads: ‘This Ford Sierra RS500 Cosworth is an iconic modern classic homologation special, presenting in ‘time warp’ condition, and boasting an impressive service history despite its extremely low mileage.

‘Described by the seller as ‘driving like a new car’ and in truly impressive order throughout, it would be a delightful attendee at any car show, and an entertaining companion for spirited driving in its new owner’s B-road favourites.’

Selling for £124k, it narrowly missed out on the £127k all-time record

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Selling for £124k, it narrowly missed out on the £127k all-time recordCredit: Collecting cars
It is said to be in 'time warp' condition with less than 14,000 miles on the clock

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It is said to be in ‘time warp’ condition with less than 14,000 miles on the clockCredit: Collecting cars
It has a turbocharged 2.0-litre engine that produces around 224bhp

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It has a turbocharged 2.0-litre engine that produces around 224bhpCredit: Collecting cars

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