1962 Brabham BT3

€385,250 ($401,045)
Sale Price
€450,000 - €650,000
Est. Range
13 May 2022
Sold Date
Lot Number
Competition restoration
Auction House
Chassis no. F1162. Blue with gold stipe over black. 1.5 litre Coventry Climax FWMV V-8, Lucas slide throttle fuel injection, 200+hp, H&H 5-spoke black painted alloy wheels, Dunlop Racing tires, TRS 5-point belts, chrome suspension.

Evaluation: An historic F1 car, the first campaigned under the Brabham name, first to score World Championship points, first to win a (non-championship) F1 race, all driven by founder Jack Brabham. Later raced by Ian Raby with a BRM V-8 and by various others. Restored in the early 70’s at the Donington Collection in its original configuration and colors. Later raced in historic events at Goodwood and Monaco.

Good paint with various edge and fastener chips from being used. Some surface rust starting and the tailpipe chrome is blistered and peeling. Otherwise clean and orderly. Raced at the Monaco Historique four years ago.

Bottom Line: There were several significant GP cars in the Monaco auctions but it is difficult not to say that this, the first Brabham GP car and with a successful period history, ranks right up there. As its recent historic event history demonstrates, it is eligible for and a sought entry in some of the most desirable historic events. It is a notable value in this result.

by Rick Carey
7 June 2022
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.