Classic Car news

1979 Lada Niva Estimated To Sell For £75,000 Falls Well Below Expectations


When classic cars go up for auction, there’s an expectation that they will go for a high price. But it doesn’t happen every time, which is the case with a 1979 Lada Niva that fell well below the estimated value. RM Sotheby’s estimated the car would sell for between £50,000 to £75,000, but it went for a mere £4600 when its no reserve sale backfired.

The Lada had competed in the gruelling 1981 Paris-Dakar rally, though it failed to finish. 4×4 Lada Nivas have gained a cult status for their resilience, and the auctioneers emphasised the car’s history.

Felix Archer, car specialist at RM Sotheby’s went into detail. “the transnational race is renowned to be gruelling and tough, which speaks volumes for the character and resilience of this small 4×4 that took one of the hardest racing events in the world, all the more challenging under older race rules. In the car’s current state, it’s almost untouched since it’s participation in the Paris-Dakar race.”

“If the Paris-Dakar rally was a Goliath of an event, this Lada was its David, facing seemingly impossible odds in one of motorsport’s most gruelling events, where one of its brethren finished third.”  

The Niva wasn’t the only car that failed expectations. An Aston Martin DB4 driven by Peter Seller and a Rod Stewart owned Lamborghini Miura didn’t sell. This was also the case with a 1967 Lamborghini 400GT that had been owned by Paul McCartney.

This is Money’s Rob Hull gave his opinion on why the Lada failed to sell well. “Ultimately, it’s immensely difficult to value some cars, especially those that don’t have a proven sale background to determine demand and price. Estimates on cars like this are often a case of sticking a finger in the wind. Some cars are simply worth whatever someone is prepared to pay, and on the night it seems that was far short of what Sotheby’s expected.”

Classic Car News, Inside Classics

You also may be
interested in...

Classic Car News

Can you drive a motorhome on a car licence?

Before you take the plunge and buy a motorhome, it’s probably worth checking if you’re actually eligible to drive one on your current driving licence.  For the most part, the year you passed your driving test determines whether or not you’re legally...

Read more Classic Car News, Inside Classics

Keep up to date with our news & blogs

Bike News

Vespa GTV provides new twist on classic scooter

With the most iconic scooter design of all time, it’s a case of evolution rather than revolution for Vespa but for 2023 there’s something new coming out of the Tuscan factory.

Read more Bike News
Bike News

BMW hits sales record in 2022

Big adventure bikes lead the way as BMW sells more bikes in one year than ever before during its 100-year history.

Read more Bike News
Bike News

John McGuinness to race the 2023 Isle of Man TT races with Honda

Honda Racing announces riders for the 2023 Road Racing campaign

Read more Bike News

Have some questions? Check out our tips & guides pages for some great information

Motorbike Reviews

Reviewed: Forcite MK1S

We don’t usually review motorcycle gear on Insidebikes, but when the opportunity to try out the world’s most advanced crash helmet came along we couldn’t help but make an exception…

Read more Bike Reviews
Motorbike Reviews

Reviewed: Moto Morini 6½ Seiemmezzo STR and SCR

At under £7000, Moto Morini’s new 6½ range offers a lot of machinery for an impressive amount of cash. But just how good are they?

Read more Bike Reviews
Motorbike Reviews

Track review: Ducati Panigale V2

Ducati’s Panigale V2 might seem like the ‘baby’ in their sportsbike lineup, but is it right in the sweet spot for going fast and having fun?

Read more Bike Reviews