1993 Ascari FGT

‘Prototype’ Coupe
RM Sotheby's London 2021
Saturday, 6 November
$26,374
Sale Price
$80,000 - $106,000
Est. Range
6 November 2021
Sold Date
145
Lot Number
#3
Unrestored Original
RM Sotheby's
Auction House
RHD. 6.0-liter/420hp Chevrolet V-8 engine with ARP components, 5-speed gearbox, air conditioning, carbon fiber trim, bucket seats, Momo steering wheel, 5-spoke alloy wheels.

Evaluation: One-off prototype built by Lee Noble in 1992 for Ascari, a small independent carmaker based in Banbury. Technically the first car to bear the Ascari name, and used for promos and road tests. The car attracted the attention of Dutch racing driver Klaas Zwart, who bought the rights to the car for Ascari. The FGT was later developed into Ascari’s first production model – the BMW-powered Ecosse. After it sat for 13 years in a farm building, the current owner recommissioned this prototype himself with assistance from Lee Noble. The paintwork is original and extensively chipped to the frontal area. All the glass panels are delaminating. The alloy wheels are quite aged and scuffed, the tires are from 2002, and the Wilwood brakes have surface pitting. The driver’s seat bolster is very worn, the carpets are soiled, and there’s dust in every corner. Not ready to hit the track (or the road, for that matter) but it’s an interesting, exciting car with lots of potential.

Bottom Line: This car has its issues. It needs further sorting and it’s unclear what you could really do with it once it even is sorted. It’s also a prototype from an obscure carmaker, so its appeal is limited. But just in terms of sheer performance and fun factor, the price here is so low that we keep checking to make sure it isn’t a typo, especially considering the £60,000 low estimate and the fact that Ascari Ecosses are six-figure cars. There are track day toys that are considerably slower and considerably more expensive than this, and for that reason alone it was the bargain of London 2021.

by Andrew Newton
17 November 2021
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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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.