This motor car is being sold as part of an overseas collection. It has been imported under the Bonhams temporary admission customs bond and is therefore subject to the lower rate 5% import tax if the car is to remain in the UK & purchased by a private individual.
The 5% is calculated on the final selling price. For example, if the car sells for £40,000, then £2,000 is added, making the total amount payable of £42,000.
Companies buying this car will pay duty + VAT and also VAT on the hammer.
The winning bidder will receive a receipt for the final hammer value, and proof that HMRC fees are paid. If the car is subsequently exported abroad within 30 days then these fees are refundable.
Lastly, there will be a nominal administration fee of £250 for processing the NOVA application, and payable direct to the shipping company. A completed and processed NOVA will provide you formal proof that all duties & taxes are paid in UK and thus allow you to register the vehicle with the DVLA
In common with the majority of cars in this collection, this vehicle has been on static display for a number of years and there is no history available beyond that displayed in our photography section.
We have not tried to start or drive the car so cannot vouch for its mechanical viability or functionality. It will require recommissioning prior to road use and is sold ‘as seen’.
It is available for view and inspection at our HQ near Abingdon and you and/or your appointed engineer should inspect it before placing any bid.
This is one of only seven AC 428 Fastback Frua coupés produced in 1971.
With the proviso that we haven’t tried to start or drive this car and can therefore only attest to its cosmetic condition, we think this 428 Fastback is a solid, sound and highly desirable example of a vanishingly rare and exotic piece of automotive history.
In common with many vehicles from the vendor’s collection, the car comes with very little history and no recent service records.
The car was sold for $110,000 at a Worldwide Auctions sale at Auburn, Indiana, on 2.9.11.
The auction notes included the following description.
“With just 44,020 miles on the odometer from new, this 428 Fastback coupe is original with the exception of one repaint in 1989 in the U.K., when the color was changed from baby blue to the factory-specification white. The black interior leather and trim remain impeccable, with a wear and patina that only 40-plus years of caring ownership preserves. The engine, transmission, electrical, suspension, brakes, rubber, glass and chrome components are all in fully maintained and excellent condition as befits a car that has lived in a prestigious Florida collection for the past seven years. Fully sorted, this car has been regularly but lightly used with approximately 3,000 driven miles since 2006. A virtually full ownership history file comes with the car, as do many extra parts and spares, articles written about the car and much more.”
Its mileage was recorded as 44,020 at that time.
We know that it was purchased (from Hyman Classic Cars of St. Louis, Missouri) by the vendor for his collection of static display vehicles on 27.10.11. for the price of $120,000.
Today, the odometer reads 44,115 miles.
We have seen various dialogues on AC forums about this very car (VIN: CF62) dating from around the time the car was sold to the vendor. Some point out, correctly, that the bonnet has been modified with a scoop, has been painted a rather different shade of white and doesn’t quite fit properly.
Others speculate on the car’s condition and provenance in sundry other ways. There is no doubt lots, some or a little bit of truth in (all, a few or none) of these speculations.
Who knows?
We don’t. We’re not AC 428 Fastback aficionados.
One thing is certain: this very special car deserves to be seen in the flesh, and appraised and critiqued by expert eyes.