Residual Value Miracle Aston Martin To Fetch Millions

A car bought in 1956 for $15,000 is expected to sell for between $1.5 million and $2 million when it goes on auction in November.  It is expected to be the star of Sotheby's first significant auction of collector cars in more than a decade, where some 35 prewar French cars, postwar American and European sports cars, as well as American and European classics will vie for the attention and wallets of affluent car nuts. The 1956 Aston Martin is one of 15 with the so-called Supersonic bodies created by Ghia, and it is the only completed on an Aston Martin chassis, the Wall Street Journal says. The car was bought by Richard Cox Cowell, heir to an oil fortune, and turned into a present to Cowell's young bride, the 19 year old blond Gail Whitney, a New York society debutante and member of the Vanderbilt clan. The marriage was on the rocks a year later. After the divorce in in 1959, the car changed hands among "a who's who of serious car collectors, including the current seller, Louisville collector James Patterson," says the Journal. Its recent restoration alone is worth between $300,000 and $400,000, the Journal was told. from The Truth About Cars http://www.thetruthaboutcars.com

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