Looks tragic, right? Forgotten for years and left to rust in a shed, this E-Type has fallen beyond a state of disrepair – it’s downright disastrous.

But that doesn’t mean it’s worthless. Quite the opposite, actually.

Classic Car Auctions will be selling this dilapidated 1962 Jaguar at an event next month, and the fee they expect someone to pay will leave you staggered when you consider the crumbling condition.

Crusty and collectible: This 1962 Jaguar E-Type barn find is in a fairly shocking state. But it’s still worth a hefty wedge of cash

CCA has placed an estimate of £38,000 to £44,000 on its crusty bonnet. Ouch!

Why? To say this is highly collectible – even in it’s current shabby shape – is an understatement. It’s an early Series 1 Fixedhead Coupe, a model many consider the greatest sports car of all time, easily worth six figures if in decent nick.

That makes this example the ultimate barn find.

What makes it even more appealing is the fact it is one of the earliest versions made – chassis number 282 – and has just two registered keepers in its entire 55 year history.

As it’s also a right hand drive model with the 3.8-litre motor and manual gearbox, collectors will be salivating over the investment potential of the haggard Jag.

Most of the parts on the E-Type are original, but how salvageable some of them are is another issue Closer inspection reveals the car was originally blue but painted white and red at some point The Jaguar E-Type hasn’t moved since being placed into storage in 1997 – and you can tell

You can’t tell from these just-snapped images, but the car was originally finished in Dark Opalescent Blue with Black trim when it was delivered to the original owner on 4th April 1962, who used it regularly for 35 years before selling in 1997.

Bought by a new keeper in the West Midlands, the car was destined for a full restoration job. But the owner moved to the North of England and put the vehicle into a shed for safe keeping.

Two decades later and that’s where it remained abandoned, deteriorating by the day to the condition you see here.

The car is hugely collectible, with Haggerty classic car specialists valuing a good example of a Series 1 coupe at £132,000 It has had just two registered keepers, the latter of which collected a number of parts to use in a restoration job that never came to fruition The 3.8-litre engine might need a good going over, as will the brakes that are the same system the car left the factory with 55 years ago

Since being hauled out into the daylight, the car has undergone a full inspection. Experts identified the rare brake system that was first fitted to the vehicle in 1962 and many original parts, including the steering wheel and dashboard that are now veiled behind a generous layer of dust and detritus.

Included with the car are several parts which were removed and retained for the restoration process, as well as the Jaguar Heritage Certificate and current V5.

If restored, this is what the 1962 Series 1 E-Type could look like – it will take a lot of man hours and funding to bring it back to this standard, though The dashboard in the barn find E-Type is totally original, but caked in rust, dust and debris Classic Car Auctions has a condition score rating for all the cars it sells. Out of 135 points this Jaguar scored 2

The mileage hasn’t been determined by the auction house due to the decaying state and CCA’s customary condition score rating is a lowly 2 out of 135 points.

Harry Whale, classic car consigner at CCA, said: ‘These very early E-Types are now highly collectible these days and this example will be a serious project, but one that could be very worthwhile.

‘Last year the Jaguar E-Type Series I experienced very significant growth on the classic car market and we expect buyers to be queuing up for the chance to own an example just like, ready to give it the TLC it deserves.’

The car will be sold at auction on April 1 as part of the Practical Classics Classic Car and Restoration Show Sale at the NEC, Birmingham Series 1 Jaguar E-Types soared in value last year, according to classic car consignor, Harry Whale. He expects this one to go for big bucks How much? That’s right, auction specialists believe this car will be sold for as much as £44,000 when it goes under the hammer in April

So how much do you think it will sell for?

We’ll find out what fee it achieves when it goes under the hammer at the Practical Classics Classic Car and Restoration Show Sale on 1st April at the NEC, Birmingham.

This article was sourced from http://news6radar.com